Fidelity TalentSource - Derivatives Analyst - Merrimack, NH
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Job title: Derivatives Analyst
Company: Fidelity TalentSource
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Job description: Job Description:
The Role
Do you want to make a difference in our customers’ and internal associates lives and be part of a highly collaborative, cross-functional team committed to improving the quality of our derivatives capabilities in Fidelity Funds & Investment Operations (FFIO)? We are looking for a Derivatives Analyst who will be reporting to the Derivatives Manager, will support the operational activities for the various products managed by the team. You will use your industry expertise and collaborate with your team to complete trade confirmations, complete the lifecycle events associated with trades, execute margin calls, transfer collateral, research and resolve variances and be the first point of contact for business partners. Additionally, you will provide support for tactical, strategic, and regulatory projects for our growing derivatives capabilities!
Core processing and services that the Derivatives Analyst 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.
The Expertise and Skills You Bring
Bachelor’s degree in business or finance or equivalent work experience
1-3 years of financial services work experience preferred
A multi-tasker with effective interpersonal skills
Attention to detail in following procedures & controls to ensure accurate and timely work
Middle office experience and collateral management (banking, financial service firms)
Ability to work in a small, tight-knit team daily to share responsibilities
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
Working knowledge of Microsoft Office Products (such as Word or Excel), and the ability to train on and work with different operating systems
Completing trade confirmations and executing on lifecycle events associated with derivatives trading
Executing daily margin calls, instructing, and confirming 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
Advancing 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
Testing and automating processes and workflows in a constantly evolving environment
The Team
This dynamic Derivatives Team is a business unit within Global Middle Office in FFIO. 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 managed funds. Do you want to be a part of this phenomenal team?
Fidelity Funds & Investment Operations (FFIO) provides accounting and investment management support services for Fidelity mutual funds and other retail and institutional investment products. These services include calculating and distributing NAVs, distribution rates and yields for a wide variety of investment products; preparing fund financial statements, dividend estimates and tax returns; monitoring delivery of fund trades to custodian banks; processing corporate actions; collecting securities income on behalf of the funds; reconciling, reporting, and moving money in support of fund shareholder transactions; and managing fund liquidity.
Certifications:
Company Overview
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.
Join Us
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 , we have been recognized by our employees as a Best Place to Work in 2022. 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.
Many of our associates are continuing to work remotely temporarily due to COVID-19. When Fidelity employees eventually return to the office, 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 " ."
We invite you to Find Your Fidelity at .
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 Leave of Absence/Accommodation Team by sending an email to , or by calling 800-835-5099, prompt 2, option 3.
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Expected salary:
Location: Merrimack, NH
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