Sr Manager, Brokerage Risk - Fidelity Investments

Job Description:

Sr. 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. You will report to the Vice President of Brokerage Risk and be responsible for advancing critical components of our risk governance program including advisory, risk and readiness assessments, incident and issue management, and risk governance. The Brokerage Risk team covers a wide array of brokerage products and services including core brokerage operations, fraud, digitization and transformation initiatives, and model risk. Products include securities, fixed income, options, alternative investment funds, and digital assets.

The Expectations for this Role

• Advise new product, business and senior leadership on operational risks and risk mitigation strategies. Support business units to build a robust control environment.
• Proactively lead risk assessments to identify, assess, and monitor operational risks and control gaps. Partner closely with business leads to develop remediation action plans.
• Support and participate in risk governance meetings, including risk committee(s), and developing a new product governance framework.
• Develop and track business unit key risk indicators to monitor operational risk profiles.
• Coordinate risk initiatives with other second-line-of-defense leaders and functions to optimize cross-functional effectiveness.
• Collaborate with legal, risk, and compliance across the organization to identify emerging risks and opportunities.
• Timely investigation of incidents, determine root cause, and advise on corrective actions.
• Oversee Brokerage issue management to ensure compliance with enterprise risk requirements.
• Build effective working relationships with business leaders and cross-functional partners.

The Expertise and Skills You Bring

• 6-8+ years of risk, compliance, legal, or audit experience at financial services institutions, e.g., asset managers, banks, regulatory agencies (required)
• Experience with brokerage products and services, brokerage operations, or client service operations – including familiarity with regulatory requirements (required)
• Strong judgment and analytical skills – you will need to excel at quickly analyzing complex risk and business issues in a variety of substantive areas (required)
• Knowledge of risk frameworks, risk classifications, and experience in conducting risk assessments (required)
• Proficiency in power point and excel and ability to deliver engaging and persuasive presentations and reporting to management (required)
• Experience with Archer GRC or any industry GRC tool (preferred)
• Bachelor’s degree (required)
• Series 7 certified, master’s degree or advanced studies with strong academic credentials (preferred)

Behavioral Attributes

• Independent worker with a bias to action and ability to deliver and drive outcomes with minimal guidance in a fast-paced, distributed, and complex environment.
• Building and maintaining effective working relationships across businesses and support functions is critical to the success of this role.
• Demonstrates exceptional attention to detail and communications skills (verbal and written)
• Balances pace over perfection and able to support multiple projects and committees.

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 advisory support on major firm initiatives and new products and services that directly impact more than 18 million self-directed investors.

The base salary range for this position is $81,000-$137,000 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

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.

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

, 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.

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 all business days of every other week in a Fidelity office.

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,

, 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

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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

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We welcome those with experience in jobs such as Staff Accountant, Accounting Assistant, and Senior Accountant and others in the Accounting and Finance to apply.