Manager, Brokerage Risk
The Brokerage Risk team advises Fidelity’s dynamic individual investor businesses building lifetime relationships with self-directed clients and helping them save and invest. This is an individual contributor role, reporting to the Director of Brokerage Risk. As an integral member of the team, you will be responsible for supporting critical components of our risk program including risk governance work, risk assessments, incident and issue management and oversight. The Brokerage Risk team covers a wide array of brokerage services including trading and margin, core brokerage operations, fraud protection, and client services.
The Expectations for this Role
Prepare materials and key inputs for executive risk governance committees.
Participate and support end-to-end risk assessment process and reporting.
Support stakeholders with risk identification and control review of new initiatives.
Review and tracking of business unit monthly key risk indicators and metrics.
Investigate and escalate incidents and escalations timely, review fact patterns with stakeholders to understand the root cause. Collaborate to track remediation and action plans.
Oversight of risk remediation work within GRC tool (ex. Archer) to drive progress.
Build effective partnerships with organizational stakeholders to deliver risk outcomes, identify emerging risks, and opportunities.
The Expertise and Skills You Bring
Bachelor’s degree (required)
5+ years of risk, compliance, legal, or audit experience at a financial services institution, e.g., asset managers, banks, regulatory agencies (required)
Experience independently delivering on the expectations for this role (required)
Experience with brokerage products and services, brokerage operations, or client service operations – including familiarity with regulatory requirements (required)
Technical expertise to query and analyze data to support business/operational reviews
Ability to create engaging presentations and reporting
Experience with Archer or similar GRC tool is a bonus
Advanced degree or FINRA license (Series 7) is a bonus
Behavioral Attributes
Highly organized, dedicated professional with exceptional attention to detail
Strong communicator with a collaborative mindset to find effective solutions
Drives outcomes in a fast-paced, distributed, and complex environment balancing pace over perfection
Builds and maintains effective working relationships across businesses and support functions
Demonstrates a drive for improvement of current processes and workflows
The Team
Brokerage Risk supports the retail distribution arm of Fidelity Investments focused on enabling self-directed customers to achieve their financial goals. Brokerage Risk is a dedicated team of risk professionals who partner directly with business leaders and cross-functional partners to ensure comprehensive risk management throughout the brokerage businesses -- from the frontline to executive leadership. As part of this team, you will help deliver risk support on major firm initiatives, incidents, products and services.
The base salary range for this position is $71,000-$112,000 per year.Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
Certifications:Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.
Join Us
At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.