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Senior Director, Credit Risk - 1413004

Company: Fidelity Investments
Location: Boston, MA
Posted on: January 9, 2015

Job Description:

Duties: Responsible for assessing and evaluating the credit worthiness

of the institutional and broker dealer trading counterparts of Fidelity

Capital Markets (FCM) as well as monitoring the credit and market

exposure to these counterparts. These evaluations include performing

qualitative and quantitative analysis of the counterpart which takes

into account the financial condition of the firm, the products and

markets the firm is engaged in, its investment strategy and strength of

the management team. Will further take into consideration the existing

or proposed business activity with FCM and evaluate if there is any

reputational risk in doing business with the counterpart.

Primary Responsibilities:

• Perform a written financial and risk analysis on all new and

existing trading counterparts within their portfolio and establish

appropriate trading guidelines based on this analysis.

• Perform credit analysis using third-party tools including

Bloomberg and SNL. Review Broker Dealers, Banks, Investment Advisors and

Hedge Funds with an understanding of the financial condition and trading

strategy of the respective counterparty.

• Monitor trading line usage for the counterparts assigned,

identify issues, and escalate issues with proposed solutions to senior

management, as needed.

• Take a lead role in implementing and updating risk procedures

and processes, act as a driving force in developing and implementing

credit risk monitoring techniques, and assist in the evaluation of new

products and trading systems for the business and the Credit Risk group.

• Monitor the daily credit and market exposure of the trading

counterparts assigned, including utilizing various financial tools to

assess, monitor, and measure daily counterparty trading activity.

• Provide essential credit risk reporting for FCM and Senior

Management on a daily, weekly and monthly basis. Maintain and update

credit profiles for clients/counterparts.

• Participate in the development, enhancement and testing of risk

management systems, including but not limited to review of the

functional design documents, and performing user acceptance testing.

• Assist in the training and development of risk associates within

the group.

• Work with Senior Management in the Trading, Operations, and

Technology groups to ensure an effective risk governance structure and

communication of Credit Risk Management policies and procedures.

• Build relationships with trading desks, middle and back offices,

treasury, and regulatory controls in order to resolve issues and support

the needs of the Capital Markets businesses.

• Work on special ad hoc projects as assigned by Management.

Requirements: Bachelor’s degree (or foreign education equivalent) in

Business, Finance, Economics, Accounting or Business Administration and

six (6) years of experience in the job offered or six (6) years of

experience performing credit analysis of banks, broker dealers or

investment advisors; or, alternatively, a Master’s degree (or foreign

education equivalent) in Business, Finance, Economics, Accounting or

Business Administration and four (4) years of experience in the job

offered or four (4) years of experience performing credit analysis of

banks, broker dealers or investment advisors. Experience must include:

Demonstrated Expertise (“DE”) writing scripts and building credit models

using Bloomberg for advanced tables/charts, monitoring news flows and

credit rating, and SNL for excel-based modeling, news flow monitoring,

and competitive analysis; DE performing credit analysis and risk

modeling of institutional banks, broker dealers and investment advisor

trading counterparties to form credit opinions and set trading limits

across product lines - Repo, Securities borrowing/lending, FX, Fixed

Income, and Equity; and DE creating credit risk models for: quantitative

factors analysis (earnings, liquidity and funding, capital adequacy,

asset quality, debt service, and peer group); qualitative factors

analysis (franchise strength and diversification, management risk,

operating environment, and litigation/regulatory/reputation risks); and

corporate and structural analysis.

To apply, visit http://jobs.fidelity.com and search for Job Number

1413004

Keywords: Fidelity Investments, Boston , Senior Director, Credit Risk - 1413004, Finance , Boston, MA, Massachusetts


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