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