Vice President, Crypto Investment Risk

1 month ago


Boston, United States Fidelity Investments Full time
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:

  • Provide risk information to FDAM leadership that effectively balances the time-sensitive, urgent needs of the group and longer-term, broader business consideration.

  • Monitor and manage risks associated with digital assets such as market risk, portfolio risk staking risk, blockchain risk, liquidity risk and others

  • Conduct risk modelling, risk monitoring and reporting, stress testing, scenario analysis, and counterparty and custody risk management.

  • 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.

  • Play a leading role in investment risk related discussions with regulators

  • 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

  • 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

  • Master’s degree required. Engineering or Science related degrees preferred

  • 10+ years of experience of risk management leadership experience. Additional experience within top-tier asset management firm preferred

  • 5+ Digital/Crypto industry risk experience in areas such as tokenization, staking, and digital fund launches.

  • In depth investment risk expertise and experience leading a team of investment risk professionals, making timely, sound judgements, and succinctly communicating with senior management

  • Understanding of blockchain transactions and the ability to conduct blockchain analysis with experience in trade execution, settlement, and reconciliation processes for crypto assets.

  • 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.

  • Strong proficiency in risk assessment, portfolio management, asset allocation, and traditional financial risk management techniques.

  • Experience preparing and presenting investment risk management issues to senior management

  • Intellectual agility and the ability to simplify and clearly communicate complex risk concepts

  • Expertise in digesting complex data and presenting findings in a clear manner that simplifies decision making for leadership

  • Excellent organizational skills and ability to balance ‘big picture thinking’ with attention to small details

  • 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.

We welcome those with experience in jobs such as Scientist, Researcher, and Research Assistant and others in the Science and Biology to apply.

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