Senior Manager Trade Operations at Fidelity Investments

Merrimack, New Hampshire, United States -

Full Time

Start Date

Immediate

Expiry Date

04 Apr, 26

Salary

0.0

Posted On

04 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Trade Operations, Equity Settlements, Team Management, Communication Skills, Operational Processes, Operational Risk, Capacity Management, Agile Environment, CTM Application, Data Analytics, Relationship Building, Quality Control, Market Risk, Performance Monitoring, Documentation, Project Management

Industry

Financial Services

Description

Job Description: The Role The Senior Manager, Trade Operations is responsible for managing day to day operations of the equity settlement team based in Merrimack in markets across the US Canada and Latin America region. Reporting locally to the director of trade operations, the senior manager of Equity operations will partner closely with their colleagues and peers in both the Dublin, HK and US teams to ensure that all trades executed by our trading desks are getting confirmed, matched and settled in line with internal controls and procedures. Ensure that all equity trades are confirmed, matched, and settled on time. Identify changes to the operating environment it is of pivotal importance that these are communicated out to the wider Fidelity group so that lessons can be learnt and experiences shared. Operating to strict quality limits, the Senior Manager will be heavily involved in maintaining quality and ensuring work efficiency and best practices are followed. Anticipate and control market risks and partner with teams to ensure that any changes or updates to controls are made and communicated accordingly. Play a significant role in the documentation of the performance of our suppliers and clients such as the custodian banks, brokers and service providers- both internal and external. Communication and relationship building are key parts of this role. Working in an agile framework help to identify, allocate and support project work across the team that aligns to our departments strategic goals and objectives as well as helping to prepare us for any market or regulatory changes that will impact our operations. Responsible for monitoring and tracking the performance of the team members in their group, through regular performance meetings, development meetings and through the Fidelity performance program. The Expertise & Skills You Bring Deep knowledge of trade operations experience – Preferably in with Equity Settlements Direct people and team management experience required Strong communication skills with the ability to communicate up and across the organization. Experience in the design and implementation of new operational processes in a system and market context. Demonstratable experience in the area operational risk and control management, particularly in a settlement context. Understanding of capacity management. Experience working in an agile environment. Knowledge of the CTM application required. Strong data analytics skills to identify risks and opportunities for improvement or refinement. Proven ability to build relationships both internally and externally fast as well as the ability to grow these further. Strong communication skills and the willingness to challenge established norms The Team The Global Middle Office (GMO) Trade Operations Division acts as a servicing center for our trading desks globally, facilitating trade capture, confirmation and settlement of security and currency transactions with brokers and custodian banks. In addition to the various external counterparts that the teams deal with, there are also several internal groups that assist in the group's daily responsibilities, including Compliance, Treasurer's Office, Counterparty Risk, Legal, Fund Accounting, and other Custody groups. All of these combine to ensure that we are providing accurate and timely information into the NAV and then value to our investors. Certifications: Category: Investment Operations 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. 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. At Fidelity, we are passionate about 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. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. 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 please contact the following: For roles based in the US: 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 2 For roles based in Ireland: Contact AccommodationsIreland@fmr.com For roles based in Germany: Contact Accommodationsgermany@fmr.com Fidelity Privacy Policy

Responsibilities

The Senior Manager, Trade Operations is responsible for managing the day-to-day operations of the equity settlement team and ensuring that all trades are confirmed, matched, and settled on time. They will also play a significant role in monitoring team performance and maintaining quality standards.