Job Description:

The Role

This role will require you to establish yourself as the Securities Finance point person for the Fidelity client base across the enterprise – IWS FFOS PWI and NF. You will manage the relationships as well as provide education & support to internal counterparts and channel clients on all Securities Finance related matters. The business management side of the role touches several aspects within Prime Services - risk, margin, tax, capital efficiency. Your role related to these areas will vary on an as needed basis.

• Management of locates, short positions, their rates and profitability, as well as opportunities for growth.
• Collaborate with product teams and project managers across the organization to align business strategy, drive towards streamlined solutions, and improve client experience.
• Work towards a thorough understanding of the products and offerings within Prime Services – Examples include Portfolio Margin, Cash Sweep, and Arranged Finance
• As needed, assist on initiatives related to risk mitigation, audit, capital efficiency, tax, and other initiatives within the Prime Services business

The Expertise and Skills You Bring

• Bachelor’s degree required; Finance preferred
• Series 7 & 63 within 3 months
• Knowledge and understanding of Securities Finance and Prime Brokerage required
• Team oriented, strong attention to detail and interpersonal skills
• Ability to work in a fast paced, deadline-oriented environment managing multiple responsibilities simultaneously

The Team

The Prime Services Business Management group’s responsibilities range from overseeing clients’ Securities Lending / Prime Brokerage activity across the Fidelity enterprise, to management and supervision of the Prime Services business – including operational risk, controls, margin, audit, exception processing, capital usage and exploration of new initiatives

Department Overview

Fidelity Capital Markets is the institutional trading arm of Fidelity Investments, providing trading products and services to a wide array of clients, including buy-side institutions and hedge funds, as well as to Fidelity’s own businesses. Fidelity Capital Markets offers a suite of electronic brokerage products and execution services across multiple asset classes including equities, fixed income, options, and forex, as well as prime brokerage, securities lending and municipal and bank issued brokered CD underwriting.

Please see below for the salary range for work locations in Colorado only:

Please see below for the salary range for work locations in New York City, Westchester County, NY and Jersey City, NJ only:

Please see below for the salary range for work locations in California only:

Please see below for the salary range for work locations in Washington only:

Certifications:

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.

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 Best Place to Work in 2023. 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.

At Fidelity, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we’re calling “Dynamic Working”. Most associates will have a hybrid schedule with a requirement to work onsite at a Fidelity work location for at least one week, 5 consecutive days, every four weeks. These requirements are subject to change.

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, or by calling 800-835-5099, prompt 2, option 3.