Fidelity Investments

Fidelity Investments

Manager, Brokerage Operations

Jersey City, NJ · Full-time

Sponsorship not specified$66k-$125kDetected 7 days ago
Customer SupportCollaborationProblem Solving

About the role

  • The Operations Repo Specialist is 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.
  • Trade Settlement: Oversee the daily settlement of bilateral and tri-party Repo trades, ensuring timely delivery of collateral and cash via Fedwire and external vendors.

Responsibilities

  • Monitor daily collateral valuations and manage margin calls.
  • Monitor and resolve bond settlement fails and maintain records for counterparty charges.
  • Collateral Management: Monitor daily collateral valuations and manage margin calls. Ensure all pledged assets meet specific client eligibility criteria
  • Fail Managements: Monitor and resolve bond settlement fails and maintain records for counterparty charges.
  • OSG performs tens of thousands of over the counter, listed equities, options, bonds, and mutual fund transactions daily.

Requirements

  • Hands-on experience with settlement systems such as Global One, Pirum, Loanet, or Swift.
  • Ability to quickly diagnose and fix settlement fails under tight market deadlines.
  • Technical Proficiency: Hands-on experience with settlement systems such as Global One, Pirum, Loanet, or Swift.
  • Problem Solving: Ability to quickly diagnose and fix settlement fails under tight market deadlines.

Compensation

  • The base salary range for this position is $66,000-125,000 USD per year.
  • Base salary is only part of the total compensation package.

Benefits

  • 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.

Company info

  • The Operations and 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 has a need for a Brokerage Representative in the Fidelity Agency Lending Operations area.
  • Fidelity's 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.
  • The base salary range for this position is $66,000-125,000 USD per year.
  • Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.
  • Base salary is only part of the total compensation package.
  • 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 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.
  • Certifications:
  • Brokerage Operations
Apply directly at Fidelity Investments →Create a free account for alerts like thisView Fidelity Investments immigration profile

This listing is sourced directly from Fidelity Investments's careers page and normalized into a canonical job model.