Job Description:
The Role
The International Middle Office Associate provides support to two trading desks, the Fidelity Capital Markets International Equity Trading Desk and the Fidelity Foreign Exchange Trading Desk.
Becoming experienced in middle office support for international equity; assisting traders with issues, supervising and facilitating trade allocations, trade configurations and input, troubleshooting P&S and settlement problems by researching, taking corrective actions and solving root causePrimary contact for electronic order flow exceptions for the international equity trading deskConfirming the financial details of all foreign exchange trades and settling the trades to the appropriate banking instructions. This requires direct phone and electronic contact with Fidelity Retail representatives, brokers, external correspondent and broker/dealer clients and domestic and international banksDaily reconciliation of FX foreign currency accounts and investigation/resolution of open accounting itemsEnsuring pertinent information is efficiently communicated within the team as well as internal and external parties in order to effectively operate 24 hours a dayFully understanding of the order and trade lifecycle along with the systems that facilitate the lifecycle, from various order entry points, through execution, and completion of the trade in settlementParticipating in requirement gathering, testing and implementation for projects relating to foreign exchange and international equity
The Expertise and Skills You Bring
Ability to work in a fast-paced, trading floor environment with the aptitude to multi-task with many different systemsYou possess interpersonal skills and the ability to process work accurately with attention to detailYou bring strong leadership skills and the ability to identify and design operational improvementsSelf-motivated and can operate as part of a dynamic teamExcellent digital literacy and are proficient at using Microsoft Office, with Excel macro aptitude a plusBachelor's Degree in, plus 2-3 years of brokerage or trade support experienceFINRA Brokerage licenses 7, 63 required; 24 preferredEffectively operate in a 24×6 environment, including holiday coverage
The Team
The International Middle Office team operates in a 24-hour environment supporting two product trading desks as well as the International trading activities of Fidelity's brokerage customers. The team ensures accurate trade booking, trade break resolution, confirmation and settlement, issue resolution and internal/external customer service. In this role, additional exposure will require domestic and international order routing, securities lending experience, systems technology involvement and coordination, and risk management assessment. The Associate will provide high quality support while establishing relationships across the firm. You will adhere to the highest ethical standards, and ensure their actions are consistent with defined policies and procedures.
The team handles all middle office aspects of retail and institutional trading for international equities and foreign exchange. This includes order support, trade processing, client service and exception management. The team provides high quality support while forming relationships across the firm. You are expected to adhere to the highest ethical standards and ensure your actions are consistent with defined policies and procedures. You will be supervised, but have the discretion to take action as an individual contributor and /or as a subject matter expert.
Certifications:
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 Glassdoor Employees' Choice Award, 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 "Dynamic Working". 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 fidelitycareers.com.
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 accommodations @fmr.com, 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.