Senior Manager, Risk Operations

Position Description:

Conducts risk assessments -- detailing controls, identifying potential gaps and inconsistencies, and making sound recommendations for improvement and mitigation -- in alignment with regulatory guidelines. Modernizes risk management and tests using data investigation. Builds risk management reporting using data visualization tools (Tableau and Power BI). Performs day-to-day risk operations, issue, and audit management process, using Archer GRC risk platforms. Supports and coordinates processes to comply with laws and regulations relating to operational risks.  Provides senior management with updates on the overall status of Operational Controls and Governance, along with action plans to address and remediate identified issues. 

Primary Responsibilities:

• Establishes new technology-based solutions to test systems processes.
• Creates solutions to address testing and oversight requirements.
• Creates risk assessment, control testing, and compliance related work.
• Presents assessment findings to partners and finalizes remediation timelines.
• Ensures appropriate remediation and accountability tracking and monitoring of daily trade activities for equity, fixed income, and alternative funds and accounts.
• Identifies anomalies in portfolios and ensures investment policy limitations are followed.
• Collaborates across teams to optimize support provided to the business.
• Develops innovative solutions to enhance testing controls.
• Delivers results in an accurate and timely manner.
• Serves as a critical link between data and technology teams and executive leadership.
• Recognizes systems issues, assesses risks, and identifies items requiring escalation.
• Builds and implements strategies that use analytics techniques, tools, and methods.

Education and Experience:

Bachelor’s degree in Computer Science, Engineering, Engineering Management, Information Technology, Information Systems, or a closely related field (or foreign education equivalent) and five (5) years of experience as a Senior Manager, Risk Operations (or closely related occupation) performing daily risk monitoring and reporting, assessing environment control, identifying potential risk issues, and driving risk mitigation efforts, within a global asset management or financial service industry. 

Or, alternatively, Master’s degree in Computer Science, Engineering, Engineering Management, Information Technology, Information Systems, or a closely related field (or foreign education equivalent) and three (3) years of experience as a Senior Manager, Risk Operations (or closely related occupation) performing daily risk monitoring and reporting, assessing environment control, identifying potential risk issues, and driving risk mitigation efforts,  within a global asset management or financial service industry.

Skills and Knowledge:

Candidate must also possess:

• Demonstrated Expertise (“DE”) conducting advanced data analysis on portfolio accounting, portfolio and security reference, index, and performance and attribution data, using SQL, Excel, and Tableau, to monitor and translate complex analytics into strategic insights for alignment between operation execution and business objectives; and performing complex data querying of data lakes and Cloud data platforms (Snowflake), using SQL.  
• DE automating control testing processes by removing manual processes of data gathering, filtering, cleaning, and analyzing data using, OBIEE, SQL Developer, Snowflake, and Tableau; creating and tracking Key Risk Indicators (KRI) to identify trends and mitigate risks, using a KRI dashboard; and developing and executing detailed test plans that address potential risks in risk management and operation systems,  reporting applications, and tools, to support systems testing in User Acceptance Testing (UAT) and Production environment. 
• DE identifying regulatory and operational risks, and root causes for risk issues and audits, using Archer GRC; creating reports and presentations from systems of record using Archer GRC, internal error tracking tools, Excel, and Tableau; and translating identified risks, issues, and action plans, into formats that executive leadership can use to aid in risk management and decision making, using PowerPoint, Tableau, and SharePoint. 
• DE conducting proactive risk and readiness assessments, aligned with key business risks and their financial impacts, using Snowflake and Bloomberg; and researching incidents and assigning gains and losses to associated events, using Excel, Tableau, and General Ledger (GL) platforms, give senior executives clear insights that connect risk exposure to performance and support issue tracking.

Salary:  $147,081.00 - $157,081.00/year.

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Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles. Some roles may have unique onsite requirements. Please consult with your recruiter for the specific expectations for this position.

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.