Job Description:
The Fidelity Agency Lending Middle Office plays a meaningful role in working alongside the securities lending traders to provide critical operational support for the daily lending activity. We will also work collaboratively with our back-office teams, settlements as well as external counterparties including custodians and borrowing entities.
The Expertise Were Looking For
* 5 years Brokerage experience, with extensive expertise in international trading and settlements or middle/back-office operations
* Ability to apply strong understanding of securities lending business to make critical decisions with financial, regulatory, and high reputational risk
* Bachelors degree
* Series 7 registered (if not currently registered, such exam must be passed within six months of hire)
The Purpose of Your Role
Utilize extensive international settlements and trading expertise to lead and make critical decisions related to the implementation for the Agency Lending business expansion. When business rollout is completed ensure the appropriate control structure is in place to mitigate any financial, regulatory, and reputational risk. Serve as point of contact and escalation point for any overnight support inclusive of offshore resources.
The Skills You Bring
* Must have extensive expertise of international equity, fixed income, and derivative products
* Must be able to identify, address/resolve and effectively communicate potential risk issues as they arise in the off hours
* Must display timely and accurate decision-making skills as it relates to both problem solving and proper risk controls
* Utilize established business relationships to resolve complex issues and drive process improvement
* Must be able to work independently in a face paced, deadline-oriented team environment
The Value You Deliver
* Applying subject matter expertise and professional experience to serve as a critical resource for the Agency Lending International business initiative
How Your Work Impacts the Organization
Fidelity Capital Markets (FCM) supports a variety of internal and external institutional clients. Your work will directly impact the various FCM businesses that support these clients.
Certifications:
Company Overview
At Fidelity, we are focused on making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com.
Fidelity Investments is an equal opportunity employer.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process. Please email us at accommodations@fmr.com or 800-835-5099, prompt 2, option 2 if you would like to request an accommodation.
Boston, MA
Fidelity Investments is a privately-owned investment management company that was established in 1946 as a mutual fund company. Fidelity now offers a range of services including fund distribution and investment advice, wealth management, life insurance, retirement services, and securities execution and clearance. It manages equity, fixed income, and balanced mutual funds for individual investors, businesses, financial advisors, and institutional investors.
Based in Boston, Massachusetts, it is one of the largest investment management firms in the United States, with over 26 million customers, $6.5 trillion in total customer assets, and more than $2.4 trillion in global assets under management
History of Fidelity Investments
The Fidelity Fund was established in 1930, a year after the stock market crash of 1929 and before the Great Depression of 1933. The fund continued to operate until 1943 when it was acquired by Boston-based lawyer Edward C. Johnson II. At the time, the fund reported assets under management valued at $3 million. In 1946, Johnson II founded the Fidelity Management and Research Company, now Fidelity Investments, to serve as an investment advisor to the Fidelity Fund. When running the fund, Johnson’s objective was to buy stocks with a potential for growth, and not necessarily blue-chip stocks.
Fidelity Investments Operations
Fidelity Investments operates several businesses, with the main ones being mutual funds and brokerage services. The mutual fund division comprises three divisions – equity, high-income, and fixed income divisions. The company operates Fidelity Contrafund, the largest non-indexed mutual fund in the United States, with over $107.4 billion in assets. Fidelity Investments also owns Fidelity Magellan, which was at one time managed by former CEO and President Ned Johnson. Fidelity Magellan manages assets totaling $15.5 billion.