Manager, Quantitative Risk Job in United State

Manager, Quantitative Risk Job in United State

Job title: Manager, Quantitative Risk

Company: Fidelity TalentSource

Job description: Job Description:

The Team

The Financial Crimes Analytics & Emerging Risk team within Fidelity Investments Financial Crimes Compliance group is responsible for the design, development, and maintenance of the firms Anti-Money Laundering (AML) detection and screening models. We partner with colleagues across Fidelity’s Corporate Technology, Compliance, Investigations, Legal and Risk groups to build software, data science and analytics solutions that support the firms monitoring programs. The Analytics team supports Fidelity’s Economic Sanctions, Negative Media, Customer Risk Rating, Insider Trading, Elder Financial Exploitation, Cryptocurrency, Low-Priced Securities, International Payments, and other surveillance/screening programs.

The Role

We’re seeking a Manager of Quantitative Risk to support the Testing & Controls squad. In this role you will partner closely with the Data Engineering, Data Science and Business Intelligence squads to provide robust and structured testing frameworks in support of our AML models, ultimately improving Fidelity’s Financial Crimes Compliance monitoring program. This position will also work closely with Model Risk Management and Audit functions to support third party validations of our models. If you’re passionate about technology, risk mitigation and fighting financial crime, then this is an excellent opportunity for you.

The Responsibilities of this Role

  • Develop qualitative and quantitative testing while designing scalable approaches to evaluating surveillance models.
  • Perform Above the Line (ATL) and Below the Line (BTL) model testing in a repeatable and consistent manner supported by quantitative evidence.
  • Work with Model Risk Management (‘MRM’), Audit, and Algorithm Review Board (‘ARB’) support functions during third party review and testing of Financial Crimes models.
  • Assess risks related to model design, data feeds, data mapping, model output, and overall model health.
  • Assist in the development of a standard quantitative approach for setting thresholds for rules-based, statistics-based and machine learning surveillance models.
  • Support the ownership and maintenance of model inventory, model documentation, model change control processes and other organizational efforts.
  • Provide thoughtful and effective challenge of model assumptions, thresholds, design specifications and corresponding outputs.
  • Present findings and recommendations on model performance, enhancement, or augmentation requirements to Financial Crimes Compliance senior leaders.

The Expertise and Skills You Bring

  • A Bachelor’s degree in Quantitative Statistics, Actuarial Science, Finance, Computer Science, Data Science, or equivalent quantitatively intensive field.
  • Proven ability in data analysis, model testing & controls, validation or tuning.
  • Prior experience with Python (Pandas, stats model, plotly, etc.), SQL, R, Alteryx, Tableau, Power BI, GitHub, DBT, ModelOp, Snowflake, Azure, etc.
  • Blend of technical and business expertise with an ability to clearly convey how the technical components of a model are impacted by business factors (e.g., change in market conditions, thresholds, data feeds, etc.).
  • Data and statistical mastery. Understanding of relational databases and an ability to extract data and convert it into usable forms.
  • Prior exposure to the use of AI/ML in Compliance within Financial Services, Consulting, Banking, Fintech or Regtech organizations.
  • Understanding of supervised and unsupervised machine learning algorithms such as decision trees, isolation forests, autoencoders/neural networks, linear/logistic regression, clustering, etc.
  • Knowledge of Bank Secrecy Act, USA PATRIOT Act, Customer Due-Diligence (‘CDD’) Final Rule and FINRA Rule 3310.
  • Experience building, maintaining, and uncovering practical insights from data visualization tools.
  • Excellent verbal, written communication, and presentation skills.
  • Interest in cryptocurrencies and the broader crypto ecosystem in general.
  • Familiarity with the OCC’s Supervisory Guidance on Model Risk Management.
  • Knowledge/experience with Agile frameworks and methodologies a plus.

The Value You Deliver

  • Be on the forefront of implementing new technologies into Fidelity’s Anti-Money Laundering & Screening programs.
  • Building deep working relationships with business partners throughout Fidelity.
  • Positioning the Financial Crimes Compliance program to continue to protect Fidelity Investments customers and brand for years to come.

How Your Work Impacts the Organization

The Financial Crimes Analytics & Emerging Risk team is part of Fidelity’s broader Financial Crimes Compliance function, a division of Fidelity’s Compliance group. We strive to protect Fidelity’s businesses, clients, customers, and reputation.

Financial Crimes Analytics & Emerging Risk is an agile development team supporting all phases of the software development life cycle. We’re looking for curious individuals that love data, have a passion for technology and cryptocurrencies and enjoy a team-based culture. You will work with vast amounts of data across numerous Fidelity business lines. You’ll have the opportunity to learn, test and implement new technologies supporting both existing and new Fidelity businesses.

Please see below for the salary range for work locations in Colorado only: N/A

Please see below for the salary range for work locations in New York City, Westchester County, NY and Jersey City, NJ only: $90,000 – $112,000 per year

This position is eligible for incentive compensation or an annual bonus opportunity.

Please see below for the salary range for work locations in California only: N/A

Please see below for the salary range for work locations in Washington only: N/A


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 , we have been recognized by our employees as a Best Place to Work in 2023. 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.

At Fidelity, 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 “ ”. Most associates will have a hybrid schedule with a requirement to work onsite at a Fidelity work location for at least one week, 5 consecutive days, every four weeks. These requirements are subject to change.

We invite you to Find Your Fidelity at .

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 Accommodation Team by sending an email to , or by calling 800-835-5099, prompt 2, option 3.

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

Expected salary: $90000 – 112000 per year

Location: Jersey City, NJ

Job date: Fri, 25 Aug 2023 05:21:23 GMT

Apply for the job now!

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