Risk Analyst / Manager, Model Risk Management
- Employer
- Fidelity Investments
- Location
- Jersey City, USA
- Salary
- Competitive
- Closing date
- Apr 1, 2021
View more
- Job Function
- Marketing and Public Relations
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
You need to sign in or create an account to save a job.
Job Description:
As a Risk Analyst / Manager within the Model Governance Team, the candidate will be working in a team-based, fast-paced environment. This individual will have an integral role in implementing Fidelity's Model Risk Management framework, policy, procedures and governance. The candidate will gain a thorough understanding of model risk and use these skills for effective inventory management, and control / documentation standards, performs independent and objective validations, challenges and develop and produce model risk reporting (e.g. Key Risk and Performance Indicators).
The Team
The Model Governance Team is part of the Model Risk Management COE, a Center of Excellence responsible for leading the Model Risk Management Program across Fidelity. We operate as a cross-functional team setting and enforcing the standards for the firm to mitigate potential operational, financial, regulatory and reputational risks.
The Expertise You Have
Certifications:
Company Overview
At Fidelity, we are focused on making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. Find your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process. Please email us at accommodations @fmr.com or 800-835-5099, prompt 2, option 2 if you would like to request an accommodation.
As a Risk Analyst / Manager within the Model Governance Team, the candidate will be working in a team-based, fast-paced environment. This individual will have an integral role in implementing Fidelity's Model Risk Management framework, policy, procedures and governance. The candidate will gain a thorough understanding of model risk and use these skills for effective inventory management, and control / documentation standards, performs independent and objective validations, challenges and develop and produce model risk reporting (e.g. Key Risk and Performance Indicators).
The Team
The Model Governance Team is part of the Model Risk Management COE, a Center of Excellence responsible for leading the Model Risk Management Program across Fidelity. We operate as a cross-functional team setting and enforcing the standards for the firm to mitigate potential operational, financial, regulatory and reputational risks.
The Expertise You Have
- 3-7 years of experience in model risk or risk assessments or control testing or a related role (Internal Audit, Technology / Model Development or Operational Risk)
- Background in Finance, Mathematical Finance, or related field of study
- Proficiency with Excel and some knowledge of statistical software packages and languages (e.g., R, Python, MATLAB, SQL)
- Experience with data visualization tools (e.g., Tableau, Business Objectives)
- Potential interest in professional certification (e.g., CFA, FRM, etc.)
- Strong analytical and technical skills, problem-solving abilities, and attention to detail
- Organize and analyze data, and summarizing findings for manager review
- Build deep working relationships with internal business partners
- Proactive, curious, and self-motivated to learn new skills
- Professional ability to work with all levels of management
- Collaborating with the team in the implementation of Fidelity's Model Risk Management Framework and Policy
- Ensuring thorough identification of all firm-wide models and metadata to maintain a consistent approach with regards to assigning risk ratings
- Maintaining a comprehensive, centralized, and standardized model documentation, model inventory, and model performance KRIs
- Performing qualitative and quantitative analyses on various models across Fidelity
- Developing partnerships with Risk Leads and / or model owners and developers
- Interacting with senior leadership and collaborate with colleagues across the enterprise
- Being a resource for the business for model related questions and concerns
- Willingness to cross-train to assist with daily risk activities specific to Market and Collateral Risk responsibilities
Certifications:
Company Overview
At Fidelity, we are focused on making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. Find your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process. Please email us at accommodations @fmr.com or 800-835-5099, prompt 2, option 2 if you would like to request an accommodation.
You need to sign in or create an account to save a job.
Sign in to create job alerts
Sign in or create an account to start creating job alerts and receive personalised job recommendations straight to your inbox.
Create alert