Client Risk Manager, Market and Counterparty Risk

About the role

At Fidelity, we've been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we're 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 you'll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You'll have a wide range of opportunities to grow and develop your career in an inclusive environment where you'll feel valued and supported to be your best - both personally and expertly. Business Overview Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market. We provide trade execution, clearing, custody and back-office support services to Canadian-based brokerage firms and the Canadian brokerage arms of U.S.-based firms. For more information about Fidelity Clearing Canada, please visit https://clearing.fidelity.ca/ How You'll Make an Impact The Client Risk Manager, Market and Counterparty Risk plays a key role in protecting FCC by overseeing and managing client-related risks across the clearing and custody business. This role is responsible for assessing financial, operational, regulatory, and reputational risks associated with clients, while supporting business growth through sound risk management practices. You will work closely with internal stakeholders including Relationship Management, Operations, Finance, Compliance, Legal, and Executive leadership to ensure risks are identified, monitored, escalated, and managed appropriately throughout the client lifecycle. The successful candidate will bring strong analytical and relationship management skills, combined with sound judgment and the ability to balance client service with prudent risk oversight.

Responsibilities

• Client Risk Oversight & Management
• Conduct ongoing risk assessments of FCC clients, including financial analysis, operational reviews, and business model evaluations.
• Assess and monitor client exposure across operational, market, credit, settlement, and reputational risk categories.
• Act as a trusted advisor to business partners on client risk matters and risk mitigation strategies.
• Review new client onboarding requests and participate in due diligence activities.
• Escalate material client concerns and emerging risks to senior leadership and relevant risk committees.
• Support the development a nd maintenance of client risk scoring methodologies and monitoring frameworks.
• Monitoring, Reporting & Governance
• Lead development of scalable data and analytics solutions for client risk
• Develop & monitor key client risk indicators and trends, ensuring timely identification and escalation of concerns.
• Prepare client risk reporting and presentations for management committees and senior leadership.
• Maintain accurate documentation of assessments, decisions, and mitigation activities.
• Contribute to the enhancement of client risk governance processes, procedures, and controls.
• Regulatory & Operational Risk Support
• Support adherence to regulatory requirements and internal policies related to client risk management.
• Assist with audits, regulatory reviews, and internal examinations as required.
• Identify opportunities to improve risk processes, operational efficiencies, and reporting capabilities.
• Participate in special projects and ad-hoc risk initiatives in support of FCC business priorities.

Requirements

• Required
• 5+ years of experience in risk management, ideally within the securities or banking industry.
• University degree, preferably in: Business, Finance, Computer Science, Management Information Systems, Mathematics, or a related field.
• Strong understanding of capital markets, clearing and custody operations, and client onboarding practices.
• Strong analytical and problem-solving skills with the ability to interpret financial and operational information.
• Excellent written and verbal communication skills with the ability to influence stakeholders at various levels.
• Strong organizational skills with the ability to manage multiple priorities in a fast-paced environment.
• Proficiency with Microsoft Office applications, particularly Excel and PowerPoint.
• Knowledge of CIRO, securities regulations, and Canadian financial industry practices.
• Experience working in a clearing broker, custodian, or wealth management environment, preferably with responsibilities including trade desk oversight.
• Professional designations such as CFA or FRM are considered an asset.
• Experience with ris

Benefits

Additional Information

Job Description Please Note: Current work authorization for Canada is required for all openings. This is a full-time regular role. You will be working on a flexible hybrid schedule as part of Fidelity's dynamic working arrangement.

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