TMS - Change Risk and Governance Manager
About the opportunity Department Description
Asset Management Operations is the operational backbone of Fidelity International, crucial to the accurate, timely and efficient administration of our funds. Located in several global locations, including Dublin, we provide the middle and back office functions for the company ranging from trade settlement, corporate action processing and NAV generation, through to the production of reports and accounts for our funds. In an industry that is becoming ever more complex it's essential that we are able to be creative and adaptable in the services and solutions we offer. With this in mind, our mission is to add value in every aspect of investment administration by delivering excellent service with a combination of innovative flexible solutions, outstanding knowledge resources and total commitment to our company goals.
We achieve this by:
Providing a challenging and rewarding environment for our people
Working with customers on timely, cost effective and creative solutions
Constantly improving customer service delivery with strategic, scalable solutions in a risk-controlled environment
Within Asset Management Operations Trade Management Services (TMS) are responsible for all aspects of Post Trade Operations across the Equity, Fund, Fixed Income, FX / Money Market, and Derivative asset classes. The team also has responsibility for Collateral and oversight of the Stock Lending programme. TMS process in excess of 120,000 trades per month seeking to maximise efficiency, minimise Operational risks whilst constantly evolving the Operational model. The global range of Fidelity's products and services expose the team to the full spectrum of Post Trade Operations across the breadth of the world's markets. Purpose of the Role
The Change, Risk and Governance team within TMS are responsible for assisting first line risk with the review and implementation of global risk architecture to ensure risks are effectively identified and managed in line with FIL risk framework. The team will also work with the Global Audit & accounting standards leads in order to coordinate global audit activity. Assist with the investigation of any findings and implementation of any actions. The team will work with SIT, OSID, Technology, Change Delivery, Compliance and regulatory reporting teams and the wider TMS team to manage the book of change. We will work with all parties to manage projects and coordinate time and resources to effectively and efficiently facilitate TMS delivery of projects.
The team acts as a key liaison between all functions in TMS and internal and external auditors to coordinate annual audit calendar ensuring enough time and resources are allocated across the function to facilitate walk throughs, data gathering and query resolution.
This role requires audit process knowledge, great communication and organizational Skills. A detailed understanding and awareness of policies, risk and controls within FIL operations Key Responsibilities
High level team activities
Work with the global TMS teams to build a framework that evidences, on an ongoing basis, effective monitoring and management oversight of key controls which satisfies both internal and external audits
Working with the global TMS team to designing, implementing and embedding a forward-looking risk plan in order to be proactive rather than reactive.
Strengthen and enhance control environments
Management of risk events and errors involving TMS, ensuring they are effectively captured, investigated, and remediated
Proactively supporting the closure of action plans associated with risk events in a timely manner
Support Risk and Control Self-Assessment refresh activity
Support Thematic reviews
Supporting the teams in preparing various forum packs
Represent department on initial project calls/ Fund launches confirming scope, requirement, timelines and impacted groups.
Produce and maintain centralised project tracker covering all TMS related change.
Coordination with the various internal stakeholders, as well as the external auditors, to ensure successful outcomes of the audit programme (i.e. no qualifications or loss of certifications).
In Conjunction with the control owners, formulation of management responses and remediation plans with requisite tracking and reporting of progress.
Supporting the collation and timely closure of internal / external audit actions
Day to day activities of the role
Host weekly TMS risk meetings to review open risk, Ensuring Risk Awareness across all of TMS
Monitor ongoing risk with the use of dynamic MI
Drive the Risk & Control Self-Assessment (RCSA) program by moving the process from annual to real time activity
Production of tangible Metrics to facilitate a better understanding of Key risks
Preparation and presentation of Management Reports
Attend initial project calls/ Fund launches confirming scope, requirement, timelines and impacted groups.
Secure resources from teams within the business and tech teams to support project.
Provide technical expertise and guidance based on knowledge from previous projects.
Produce and maintain centralised project tracker covering all TMS related change.
Engage regularly with the product owners to ensure relevant engagement on the project
Manages the engagement with external auditors
Attend weekly updates with Global Audit & accounting standards team coordinating calendar and plan for annual audits across fund ranges
Represent FIL TMS to external auditors (Audit planning, supporting control owners during the audit process)
Following up on any lessons learnt during audit engagement to reduce repeat findings. Experience and Qualifications Required
The successful candidate will have a good day to day knowledge of the Post Trade Operations lifecycle and be well versed with the specifics of the Derivative, FX and Security post trade processing. The successful candidate will have had experience on identifying logging and processing risk events, they will have knowledge of Audit processes and be in a position to coordinate and support the wider TMS team on Projects and fund launches.
Working knowledge of the post tradae Operational processes across multiple asset classes.
An understanding and previous exposure to Risk within the post trade world
An understanding and previous exposure to Fund audit & controls Audit reivews
A good communicator able to distribute and monitor the ongoing fund Lunches and projects for TMS.
Ability to recognise and solve emerging problems, escalating as required.
Ability to manipulate and interpret data e.g. strong Excel skills and power BI skills are required
A good awareness of Investment Management Operations and the connection to asset servicing and NAV production.
Awareness of the evolving regulatory landscape.
Takes ownership for own workload and coordinate workload of other teams for common projects and launches
Developing Industry knowledge and awareness
Ability to explain processes and issues and articulate themselves well to larger audineces
Shows initiative and desire to learn tasks
ability to produce and interpret MI via various mediums, including Power BI About you About Fidelity International
Fidelity International offers investment solutions and services and retirement expertise to more than 2.5 million customers globally. As a privately held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 countries and with $739.9 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.
Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $567 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures.
Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more.
As a flexible employer, we trust our people to perform their role in the way that works best for them, our clients and our business. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond. Data as at 31 March 2021. Read more at https://www.fidelityinternational.com/
Applying to this Job Role: Please note you are only required to upload your CV/Resume to the application screen.