Manager, Brokerage Operations

The Role

TheOperations Repo Specialistis responsible for the seamless execution settlement and lifecycle management of repurchase agreement (Repo) transactions used for collateral reinvestment. This role acts as the operational backbone for the Agency Lending desk ensuring that all cash and securities movements are reconciled risk-controlled and compliant with client mandates.

Note: Fidelitywill not provide immigration sponsorship forthis position.

The Experience And Skills You Bring

• Trade Settlement:Oversee the daily settlement of bilateral and tri-party Repo trades ensuring timely delivery of collateral and cash viaFedwireandexternal vendors.
• Collateral Management:Monitor daily collateral valuations and manage margin calls. Ensure all pledged assets meet specific client eligibility criteria
• Reconciliation and Break Resolution:Perform daily cash and position reconciliations. Investigate and resolve trade discrepancies (fails) to mitigateTMPGcharges and financial exposure
• Fail Managements: Monitor and resolve bond settlement fails and maintain records for counterparty charges.
• Collateral and Compliance: Oversee repo settlement reconcile custody records for interest/coupon activity and ensure compliance with KYC/AML protocols.
• Experience:35 years inSecurities Finance Operations Repo Middle/Back Office or Collateral Management.
• Technical Proficiency:Hands-on experience with settlement systems such asGlobal One Pirum LoanetorSwift.
• Product Knowledge:Solid understanding of the mechanics of Repo/Reverse Repo U.S. Treasury/Agency market and the Securities Lending lifecycle.
• Problem Solving:Ability to quickly diagnose and fix settlement fails under tight market deadlines.
• Collaboration:Comfortable working across desks including Trading Treasury and Credit Risk.

The Team

The Operations and Services Group (OSG) provides superior customer service to Fidelitys 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.

Fidelitys Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently some roles and locations require 100% onsite presence while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

Placement in the range will vary based on job responsibilities and scope geographic location candidates relevant experience and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements the offer package may also include bonus or other variable compensation.

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support market-leading retirement generous paid time off and parental leave charitable giving employee match program and educational assistance including student loan repayment tuition reimbursement and learning resources to develop your career. Note the application window closes when the position is filled or unposted.

Please be advised that Fidelitys 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.