1 Global Middle Office, Derivatives Manager Job in Merrimack, NH
SORT BY
F
Global Middle Office, Derivatives Manager
$117k-156k (estimate)
Full Time | Business Services
3 Weeks Ago
Sorry! This job is no longer available. Please explore similar jobs listed on the left.
Fidelity Investments is Hiring a Global Middle Office, Derivatives Manager Near Merrimack, NH
2094611
Job DescriptionWe are the Derivatives team that is a business unit within Global Middle Office. We work with Fidelity's trading desks, global custodians, broker-dealers, and various internal and external business partners to support derivatives trade confirmation, lifecycle events, and collateral management for Fidelity handled funds. Core processing and services that the Derivatives Manager will support includes legal trade confirmation, periodic payments, exchange traded futures collateral, centrally cleared collateral, OTC collateral, MSFTA collateral, settlements, reconciliation, and on-boarding of new products, funds, and broker-dealers. Do you want to be a part of this extraordinary team?
The Role
As a member of this team, you will be reporting to the Derivatives Director, will support the operational and oversight activities for the various products led by the team. You will use your industry expertise and collaborate with your team to ensure accurate a timely completion of trade confirmation, the lifecycle events associated with trades, margin calls, transfer of collateral, research and resolve variances and be a blocking issue contact for business partners. Additionally, you will provide support for tactical, strategic, and regulatory projects for our growing derivatives capabilities!
The Expertise and Skills You Bring
CertificationsCompany OverviewFidelity 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 UsAt 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 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.
Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).
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, detailed in this document, 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 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.
Job DescriptionWe are the Derivatives team that is a business unit within Global Middle Office. We work with Fidelity's trading desks, global custodians, broker-dealers, and various internal and external business partners to support derivatives trade confirmation, lifecycle events, and collateral management for Fidelity handled funds. Core processing and services that the Derivatives Manager will support includes legal trade confirmation, periodic payments, exchange traded futures collateral, centrally cleared collateral, OTC collateral, MSFTA collateral, settlements, reconciliation, and on-boarding of new products, funds, and broker-dealers. Do you want to be a part of this extraordinary team?
The Role
As a member of this team, you will be reporting to the Derivatives Director, will support the operational and oversight activities for the various products led by the team. You will use your industry expertise and collaborate with your team to ensure accurate a timely completion of trade confirmation, the lifecycle events associated with trades, margin calls, transfer of collateral, research and resolve variances and be a blocking issue contact for business partners. Additionally, you will provide support for tactical, strategic, and regulatory projects for our growing derivatives capabilities!
The Expertise and Skills You Bring
- Four-year college degree in business or finance
- 5 plus years of financial services work experience. Derivatives and/or collateral management experience preferred
- Team leadership and/or direct management preferred
- Managing effective relationships will all internal and external customers.
- Attention to detail in following procedures & controls to ensure accurate and timely work.
- Ability to work in a small, tight-knit team daily to share responsibilities.
- Ability to interpret, analyze, and recommend operational procedures and policies to align with industry standards and market practices.
- Ability to recognize and escalate high-risk items to minimize loss to either the shareholder and/or Fidelity.
- Innovation to come up with operational improvements.
- Managing daily scheduling and completion of work. Clients may include FMR, portfolio managers, trading desks, Treasurer’s Office and Fund Accounting.
- Knowledge of Microsoft Office Products (such as Word or Excel), and the ability to train on and work with different operating systems.
- Managing the day-to-day execution of daily margin calls, instruction, and confirmation of settlement of collateral, analyzing, researching, and resolving margin call and collateral variances with broker-dealers and custodian banks
- Providing reporting to key internal and external business partners
- Escalating problems which could have a potential impact on daily operations.
- Assisting in the development and review for new and/or changes to departmental policies and procedures
- Contribution to projects/division initiatives that support the business plan.
- Effectively delegating, motivating, and managing change through staff.
- Ensuring that the group’s performance standards are met, minimizing errors and costs.
- Ability to maximize the use of existing systems capabilities/enhancements to facilitate the implementation of new work processes.
CertificationsCompany OverviewFidelity 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 UsAt 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 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.
Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).
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, detailed in this document, 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 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.
Job Summary
JOB TYPE
Full Time
INDUSTRY
Business Services
SALARY
$117k-156k (estimate)
POST DATE
05/28/2024
EXPIRATION DATE
06/22/2024
WEBSITE
fidelityrecruitment.com
HEADQUARTERS
LONDON
SIZE
500 - 1,000
FOUNDED
2002
CEO
ROBERT MUSGROVE
REVENUE
$50M - $200M
INDUSTRY
Business Services
Related Companies
Show more
Similar Jobs
Popular Articles
Top 10 Things to Avoid Putting on a Job Application
Read Article
How to Describe Your Education in a Resume
Read Article
How to Write a Memorable Cover Letter in 5 Ways
Read Article
4 Personal Finance Tips to Make During Job Transition
Read Article
4 Best Camera Setups for Interview
Read Article
Keeping a Job Search Journal: 9 Types of Journaling You Can Do
Read Article
