Analyst / Associate Analyst, Securities Lending & Settlement Support

Fidelity Investments Jersey City , NJ 07097

Posted 2 weeks ago

Job Description:

The Operations & Services Group (OSG) provides superior customer service to Fidelity's brokerage businesses through innovation, dedication and commitment to excellence. With seven operating divisions located throughout the country, OSG provides securities execution, clearance, and information management services to retail, institutional, and correspondent clients. OSG performs tens of thousands of over the counter, listed equities, options, bonds, and mutual fund transactions daily. OSG has a need for a Brokerage Representative in the Fidelity Agency Lending Operations area.

The Role

Fidelity Agency Lending (FAL) is a new, quickly growing business unit of Fidelity. FAL is currently supporting Fixed Income, International and domestic equity. We are looking to expand out footprint by acquiring additional clients as well as expanding our product suite. Fidelity Agency Lending is seeking driven, knowledgeable associates interested in joining our Operations team. The Operations team supports activity carried out by other FAL teams, including, but not limited to, Trading, Middle Office, and Corporate Actions. Operations associates will be directly involved in navigating securities lending transactions across fixed income, domestic and international markets, as well as carry out our already-established business practices.

The Expertise you Have

  • Bachelor's Degree

  • Brokerage industry experience, preferably in securities lending and back-office operations

  • Working knowledge of the securities lending business, as well as domestic and international equity, and fixed income products

The Skills you Bring

  • Strong communication and relationship-building skills

  • Ability to multi-task and work in a fast-paced environment

  • Drive for learning all facets of the FAL business, including its teams, systems, and processes

How You Will Impact Our Group and the Organization

  • By ensuring all contracts, borrowing brokers, and on-loan securities are fully collateralized to avoid Fidelity fund exposure and preserve Fidelity's financial/reputational risk

  • Working closely with other FAL teams to ensure settlement of loan and return activity, as well as carrying out internal cash movements

  • Communicating with client, custodian banks, and borrowing brokers to mitigate exposure

  • Researching position breaks with custodians and contract breaks with borrowers and determining how to resolve them

  • Reconciling to the custodian banks' final figures in a timely manner at the close of business each day

  • Vigilantly and continuously trying to identify areas of improvement and be a part of developing the plan to implement change-this is a critical component of the role

NOTE: This job posting is for current and future openings.

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 Glassdoor Employees' Choice Award, 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 "Dynamic Working."

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 Leave of Absence/Accommodation Team by sending an email to accommodations @fmr.com, or by calling 800-835-5099, prompt 2, option 3.


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