Vice President, Crypto Investment Risk
Boston, MA
Job Description:
The Role
Fidelity Digital Asset Management (FDAM) is seeking an experienced results-oriented individual to lead investment risk. Reporting to the Head of Operational Capabilities , the VP, Crypto Investment Risk will proactively measure, mitigate, and socialize investment risk across FDAM in line with the firm strategic vision and risk appetite.
VP, Crypto Investment Risk leads all investment risk functions for FDAM’s digital products and capabilities. This role will:
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Provide risk information to FDAM leadership that effectively balances the time-sensitive, urgent needs of the group and longer-term, broader business consideration.
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Monitor and manage risks associated with digital assets such as market risk, portfolio risk staking risk, blockchain risk, liquidity risk and others
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Conduct risk modelling, risk monitoring and reporting, stress testing, scenario analysis, and counterparty and custody risk management.
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Work closely with business leaders to assess the safety and soundness of the firm’s current market risk-taking, prioritize initiatives to strengthen investment risk management capabilities, and present investment risk management issues and concerns to senior management.
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Play a leading role in investment risk related discussions with regulators
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Develop and maintain investment risk frameworks and risk appetite statements (including market, credit, operational, counterparty credit, and liquidity risks) that are comprehensive and tailored to the crypto asset environment. Continuously assess and refine risk policies, procedures, controls, and regulatory expectations. Identifies potential vulnerabilities and develops strategies to mitigate risk
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Critically review portfolio risk to ensure they are aligned with the firm’s risk appetite and reporting upon the firm’s market risk-taking activities to senior management
The Expertise and Skills You Bring
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Master’s degree required. Engineering or Science related degrees preferred
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10+ years of experience of risk management leadership experience. Additional experience within top-tier asset management firm preferred
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5+ Digital/Crypto industry risk experience in areas such as tokenization, staking, and digital fund launches.
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In depth investment risk expertise and experience leading a team of investment risk professionals, making timely, sound judgements, and succinctly communicating with senior management
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Understanding of blockchain transactions and the ability to conduct blockchain analysis with experience in trade execution, settlement, and reconciliation processes for crypto assets.
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In-depth understanding of cryptocurrencies, blockchain technology, and the underlying mechanics of various digital assets. Awareness of the unique risks associated with crypto assets including market volatility, regulatory uncertainty, staking risk and security concerns.
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Strong proficiency in risk assessment, portfolio management, asset allocation, and traditional financial risk management techniques.
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Experience preparing and presenting investment risk management issues to senior management
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Intellectual agility and the ability to simplify and clearly communicate complex risk concepts
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Expertise in digesting complex data and presenting findings in a clear manner that simplifies decision making for leadership
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Excellent organizational skills and ability to balance ‘big picture thinking’ with attention to small details
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Superior analytical skills with ability to draw key insights and develop clear recommendations
The Team
Fidelity Digital Asset Management [FDAM] is building an investment platform offering digital asset products and services designed to meet the growing needs of Fidelity’s retail customers and intermediary and institutional clients.
#cryptojobs
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 top 10 Best Place to Work in 2024. 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.
Fidelity’s working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).
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, detailed in this document, 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.
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.
Fidelity benefits that adapt to everything life sends your way
Benefits With You in Mind
Benefits for your whole life – that’s what you’ll find at Fidelity.
You’ll find everything from perks that makes your daily life better to those big-picture, life-changing resources to support you at all stages of your life. We have an amazing package of benefits and programs designed to help you thrive – both in and outside of work.
Family Programs
- Adoption assistance
- Backup dependent care
- Maternity & parental leave (Up to 16 weeks of paid maternity leave and 12 weeks of paid parental leave)
- Dependent care flexible spending account (FSA)
Wellness Programs
- On-site health & wellness centers
- Fitness reimbursement program
- Nutritional counseling
- Healthy dining program
Retirement Planning
- 401(k) Retirement Savings Plan: Eligible associates can make pre-tax and/or Roth after-tax contributions, and Fidelity will match you contributions dollar-for-dollar up to 7% of your eligible compensation.
- For eligible associates, Fidelity may make an annual Profit Sharing contribution of up to 10% of your eligible compensation.*
Health & Insurance
- Medical coverage
- Dental & vision coverage
- Disability Insurance
- Fidelity Health Savings Accounts (HSA) and Health Flexible Spending Accounts (FSA)
Education Benefits
- Student loan assistance – helping you pay down your loans so you can save on interest, with up to $15K in contributions
- Tuition reimbursement program
* Albuquerque-based regular employees, excluding individuals employed in a retail branch location, are not eligible to receive the Profit Sharing contribution.
Fidelity is invested in you
Committed to Professional Development
At Fidelity, we are constantly adapting to the changing needs of our customers, new technologies, and better ways of working. And we empower our employees to do the same, with an emphasis on developing skills and connections that will help propel you forward in your career while being able to make an impact for Fidelity’s customers around the world.
We offer a wide range of options for professional development including online, in-person, and mentor driven solutions. Special interest and networking groups are also part of our culture of empowerment, personal and professional enrichment, diversity and inclusion, and knowledge sharing.
Continuing Education & Training
- Assess, build, and align your development plan through resources like our skill-building classroom and online courses.
- Video-based training for technology, leadership, management & more.
- Ongoing skills development and coaching opportunities.
- Paid training with a facilitator who is dedicated to your onboarding and will track and evaluate your progress, giving you strategies to improve.
- A range of talent development programs to support career mobility.
Mentoring
- Utilize the skills of experienced leaders to enrich your career.
- Dedicated mentors to help you grow into new areas of Fidelity’s business as you develop new skills.
- An open atmosphere of knowledge sharing and collaboration.
- Opportunities to pay it forward, sharing the knowledge you develop and as you help others define how they want their career to take shape.
Our Commitment to Diversity and Inclusion
“Fidelity believes in, and is committed to, fair and equitable treatment for every associate and customer, and to creating a safe and respectful environment, in which everyone is treated with kindness, compassion and respect.” Abby Johnson | Chairman and CEO Fidelity Investments
At Fidelity, we are committed to building an enduring culture of inclusion and belonging that will attract, develop and retain a diverse workforce.
Fidelity’s ten affinity groups are self-organized groups of employees with common interests in areas such as race, ethnicity, gender or sexual orientation, or who share similar interests based on similar sets of experiences.
These Employee Resource Groups and Special Interest Groups are models of inclusion for Fidelity. They’re also a powerful form of engagement and development and can provide a pathway to visible leadership roles. Our affinity groups make a large contribution on the business, helping to ensure our products and services are delivered in a welcoming and equitable environment.
- Over 22K employees participate in an affinity group.
- Over 1,400 affinity group members volunteered for Fidelity Cares in 2020.
- 74% increase in affinity group memberships over the last three years.
Giving Back to Our Communities
Throughout Fidelity, you’ll find a genuine commitment to social responsibility – where we strive to make an impact for customers, while also making an impact on the world.
Fidelity Cares
- Provides associates with opportunities to actively volunteer and share their talents.
- Hosts numerous company-wide volunteer events (in-person and virtual).
- Partners with nonprofit organizations to support our local communities.
- More than 12,000 associates donate time annually – from interns to SVPs.
- Impact includes refurbishing schools, donating books and supplies, and teaching financial literacy.
Fidelity Charitable®
- Created to make it easy for people to support charitable organizations they care about.
- Helped deliver $7.3 billion in donor-recommended grants to charity in 2019.
- Supported more than 300,000 unique charities around the world.
- Since its inception, more than $42 billion has been given to public charities.
