Job Description

About Us:

At Fidelity weve been helping Canadian investors build better financial futures for over 35 offer individuals and institutions a range of trusted investment portfolios and services and were constantly seeking to find new and better ways to help our clients. As a privately owned company we boldly embrace innovation in all areas as we continue to grow our business into the future.

Working with us means youll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. Youll have a wide range of opportunities to grow and develop your career in an inclusive environment where youll feel valued and supported to be your best both personally and professionally.

Business Overview:

Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market. We provide trade clearing custody and backoffice support services to Canadianbased brokerage firms and the Canadian brokerage arms of firms.

How Youll Make an Impact:

Position Overview:

The Credit Risk Specialist is responsible for monitoring and providing credit risk analysis on Introducing Brokers (IBs) and Portfolio Managers (PMs) accounts and activities. This role ensures compliance with external regulations and internal FCC Policies and Procedures (P&Ps). These responsibilities include monitoring client accounts and approving asset movements. The incumbent is also responsible for producing regular and ad hoc reports.

Key Accountabilities:

• Review assess and report on client and firm account deficiencies to ensure timely resolution to account shortfalls. Execute sellouts on overdue deficient accounts or accounts that pose an imminent credit risk.
• Escalate to management potential credit risks related to specific client accounts or accounts that hold principle positions.
• Demonstrate a good understanding of IIROC rules regulations and conducts pertaining to client margin and cash accounts. Ensure that clients are adhering to FCCs house policies and the Canadian regulatory rules regulations and guidelines.
• Review and approve client withdrawals (cheque wire transfer and electronic fund transfer) in a timely manner. This includes reviewing accounts to ensure withdrawals will not put a client into a deficient position.
• Monitor and approve cash and securities movements in accordance with SLAs and Credit Risk and Compliance policies.
• Review and deliver timely accurate resolutions to internal and external client email requests pertaining to credit risk issues asset movements internal policies and general inquiries.
• Foster and build relationships with introducing brokers and portfolio managers to ensure FCCs credit and risk policies and procedures are understood supported and reinforced to target best practices that contribute to FCCs risk vision.
• Complete reporting to internal stakeholders and Senior Management Team. This includes compiling and analyzing data into regular and adhoc reports and dashboards.
• Keeps abreast of economic and markets developments by using Bloomberg and/or Google Finance to inform decision making and credit risk policies.

What Were Looking For:

• Minimum 3 years experience in the financial services industry preferably in the brokerage industry.
• Broad understanding and experience with risk management methodologies particularly credit risk.
• Completion of postsecondary degree/diploma preferably in Finance Mathematics Economics or a related field or equivalent experience.
• Completion of Conduct and Practice Handbook (CPH) and Canadian Securities Course (CSC) preferred.

Expertise You Will Bring:

• Strong knowledge of capital markets and industry regulations
• Strong Excel and VBA skills
• Demonstrated ability to organize and manage multiple tasks simultaneously
• Excellent interpersonal verbal and written communication skills
• Strong analytical and problemsolving skills
• Strong client service orientation
• Selfmotivated detail oriented and takes initiative

Current work authorization for Canada is required for all openings.

You will be working on a flexible hybrid schedule as part of Fidelitys dynamic working arrangement.

Fidelity Canada is an equal opportunity employer

Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race color religion sex sexual orientation gender identity or expression national or ethnic origin age disability family status protected veterans status Aboriginal/Native American status or any other legallyprotected ground.

Accommodation during the application process

Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation please email us at .

No telephone inquiries or agencies please. We thank all applicants for their interest please be advised that only those selected for an interview will be contacted.

Why Work at Fidelity

We are proud to be recipients of the following:

Awards

Canadas Top 100 Employers
o Greater Torontos Top Employers
o Canadas Top FamilyFriendly Employers
o Canadas Top Employers for Young People

Great Place To Work Certified
o Best Workplaces for Inclusion
o Best Workplaces for Mental Wellness
o Best Workplaces for Todays Youth
o Best Workplaces for Women
o Best Workplaces in Financial Services & Insurance
o Best Workplaces in Ontario
o Best Workplaces with Most Trusted Executive Teams

LinkedIn Top Companies in Canada

Human Resource Director (HRD) Best Place To Work
o HRD 5Star Benefit Program
o HRD 5Star Diversity & Inclusion Employer

Designations
Canadian Compassionate Companies Certified
Benefits Canadas Workplace Benefits Award Future of Work Strategy
TalentEgg National Recruitment Excellence Award Special Award for Diversity & Inclusion in Recruiting
Canadian HR Reporters Most Innovative HR Team