Prime Services Business Management

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. The candidate 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. The role related to these areas will vary on an as needed basis but will include: 

• Serve as a trusted point of contact for internal risk management functions

• Collaborate with product teams and project managers across the organization to align business strategy, drive towards streamlined solutions, and improve client experience

• Management of locates, short positions, their rates and profitability

• Work towards a thorough understanding of the products and offerings within Prime Services – Examples include Portfolio Margin, Cash Sweep, and Arranged Finance

• Execute daily and monthly supervisory tasks for Prime Services and Family Office

• Work with business partners across Fidelity’s distribution channels to evaluate new business opportunities

 The Expertise and Skills You Bring 

• Bachelor’s degree in Finance, Economics, or related field required; current/previous roles in Corporate Finance or Accounting

• 4-6+ years work experience in a related field

• Series 7, 24 & 63 and/or progress toward obtaining necessary licenses

• Knowledge and understanding of Securities Finance and Prime Brokerage required

• Understanding of capital structure, cost of capital, liquidity management, and securities and prime brokerage financing products - margin lending and repo

• Experience evaluating counterparty risk, market risk, and liquidity risk in financing transactions

• Working knowledge of brokerage regulatory regimes and margin rules

• Proficiency building financing models, scenario analyses, and client profitability assessments

• Experience working with Trading, Risk, Legal, Treasury, and Operations to deliver client solutions

• Ability to work in a deadline-oriented environment managing multiple responsibilities/projects 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

Note: Fidelity will not provide immigration sponsorship for this position.

The base salary range for this position is $100,000-185,000 USD 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.

Certifications:

Series 04 - FINRA, Series 07 - FINRA, Series 24 - FINRA, Series 63 - FINRA

Category:

Capital Markets Prime