Risk Analyst - Risk Oversight & Internal Controls

  • Competitive
  • Smithfield, RI, USA
  • Permanent, Full time
  • Fidelity Investments
  • 17 Feb 18 2018-02-17

Risk Analyst - Risk Oversight & Internal Controls

The Risk Analyst position is an individual contributor role within the FI Risk Oversight Internal Control Program, responsible for executing regulatory risk assessments and conducting control testing specific to Broker Dealer and Transfer Agent related functions. This role will provide the right candidate with an opportunity to gain exposure to a range of control functions across Fidelity's institutional business, build strong risk management skills, and make an impact within critical and highly visible program.



The Expertise We're Looking For

  • Bachelor's degree required.
  • 1-3 years of relevant Broker Dealer / Transfer Agent / Bank experience and/or related operational experience preferred. Ideally experience would be focused on risk management, audit, compliance, other related control functions, or at least with exposure to these functions.
  • Basic understanding of brokerage rules and regulations regarding trading, custody, clearing, sales, products and operations (FINRA, SEC, states, etc.).
  • Technical expertise to analyze and source data to support internal control testing and regulatory assessment reviews - SQL and access would be a plus.
  • Expert knowledge of MS products such as Excel, PowerPoint, and work etc.

The Purpose of Your Role

As a Risk Analyst, you will fulfill a key role within the FI Risk Oversight Assessment and Internal Control Testing team. This is an individual contributor role that has responsibility for conducting supervisory, operational and financial control testing within a complex broker dealer and transfer agent processes, within the Fidelity Institutional & Fidelity Brokerage Operations business units. You will be responsible for gathering and analyzing data to determine control gaps, test exceptions and proactively identify and documenting action plans to mitigate risks where appropriate. In addition, you will be responsible for compiling and documenting assessment and testing results, developing standard test plans, and working collaboratively with internal peers and business partners as required to support the FI Risk Oversight goals.

The Skills You Bring
  • You have a basic understanding of risk principals and concepts - risks (ability to identify inherent & residual risks), controls (ability to differentiate key vs compensating & supervisory vs operational controls), business objectives, testing methodology, control design & operating effectiveness. You are interested in pursuing a career in risk management.
  • You have the ability to execute validation and testing of control environments and data sources to ensure alignment with expected functional processes and rules & regulations.
  • You have strong analytical and research skills.
  • You have strong verbal and written communication skills.
  • You have solid interpersonal and influencing skills, including the ability to interact effectivity with business partners and key stakeholders to gain agreement on issues/findings and actions plans as required.
  • You are self-motivated, inquisitive, and have the ability to work with a good level of independence to execute and achieve stated goals and objectives within prescribed scope and timelines.

The Value You Deliver

You will play a critical role on the front lines in assessing and testing highly regulated control environments to ensure proper oversight and procedures exist to protect the firm from a range of risk factors.

How Your Work Impacts the Organization

The Fidelity Institutional Risk Oversight Group is responsible for a range of risk management functions within Fidelity & Brokerage Operations (FBO) and Fidelity Institutional (FI), the divisions of Fidelity Investments which offers clearing, custody, investment products, brokerage and trading services to a wide range of financial intermediary firms. In this role you will conduct regulatory risk assessments and execute internal control testing specific to broker-dealer and transfer agent related activities/topics, ensuring inherent risks are properly identified and mitigated through an effective control environment. You will also work with the appropriate business partners and key stakeholders to remediate issues/exceptions, including tracking actionable items through to completion.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. For information about working at Fidelity, visit FidelityCareers.com

Fidelity Investments is an equal opportunity employer.