Credit Risk Specialist

About Us 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. Job Description 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 professionally. 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. How You’ll Make An Impact Position Overview The Credit Risk Specialist is responsible for monitoring and providing credit risk analysis on Introducing Brokers (IBs) and Portfolio Managers (PMs) accounts and activities. This role ensures compliance with external regulations and internal FCC Policies and Procedures (P&Ps). These responsibilities include monitoring client accounts and approving asset movements. The incumbent is also responsible for producing regular and ad‑hoc reports. Key Accountabilities Review, assess, and report on client and firm account deficiencies to ensure timely resolution to account shortfalls. Execute sellouts on overdue deficient accounts or accounts that pose an imminent credit risk. Escalate to management potential credit risks related to specific client accounts or accounts that hold principle positions. Demonstrate a good understanding of IIROC rules, regulations, and conducts pertaining to client margin and cash accounts. Ensure that clients are adhering to FCC’s house policies and the Canadian regulatory rules, regulations, and guidelines. Review and approve client withdrawals (cheque, wire transfer and electronic fund transfer) in a timely manner. This includes reviewing accounts to ensure withdrawals will not put a client into a deficient position. Monitor and approve cash and securities movements in accordance with SLA’s and Credit Risk and Compliance policies. Review and deliver timely, accurate resolutions to internal and external client email requests pertaining to credit risk issues, asset movements, internal policies, and general inquiries. Foster and build relationships with introducing brokers and portfolio managers to ensure FCC’s credit and risk policies and procedures are understood, supported, and reinforced to target best practices that contribute to FCC’s risk vision. Complete reporting to internal stakeholders and Senior Management Team. This includes compiling and analyzing data into regular and ad‑hoc reports, and dashboards. Keeps abreast of economic and markets developments by using Bloomberg and/or Google Finance to inform decision making and credit risk policies. What We’re Looking For Minimum 3 years’ experience in the financial services industry preferably in the brokerage industry. Broad understanding and experience with risk management methodologies, particularly credit risk required. Completion of post‑secondary degree/diploma, preferably in Finance, Mathematics, Economics, or a related field - or equivalent experience. Completion of Conduct and Practice Handbook (CPH) and Canadian Securities Course (CSC) preferred. Expertise You Will Bring Strong knowledge of capital markets and industry regulations Strong Excel and VBA skills Demonstrated ability to organize and manage multiple tasks simultaneously Excellent interpersonal, verbal, and written communication skills Strong analytical and problem‑solving skills Strong client service orientation Self‑motivated, detail oriented and takes initiative Fidelity Benefits and Perks Competitive total compensation package Opportunity to participate in Fidelity profit‑sharing program Company contributes into your RRSP, without a matching requirement from you Health benefits and coverage, with no requirement for employee paid premiums, including up to $5000 for therapy Health Care Spending Account TELUS Health Virtual Care app Health and Fitness Reimbursement Up to $650 for home office equipment Generous time off policy 2 paid days annually to volunteer Access to over 11,000 training and development courses Tuition reimbursement Monetary awards for completing a required designation Annual dues reimbursement for professional designations Pregnancy/Parental/Adoption Leave - Fidelity will top‑up to 100% of your salary for a period of 25 weeks Current work authorization for Canada is required for all openings. Fidelity Canada is an equal opportunity employer Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally‑protected ground. Accommodation during the application process Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at FidelityCanadaStaffing@fidelity.ca. No telephone inquiries or agencies please We thank all applicants for their interest, please be advised that only those selected for an interview will be contacted. Why Work at Fidelity? We are proud to be recipients of the following Awards Canada's Top 100 Employers Greater Toronto's Top Employers Canada's Top Family‑Friendly Employers Canada's Top Employers for Young People Great Place To Work® Certified Best Workplaces for Inclusion Best Workplaces for Mental Wellness Best Workplaces for Today's Youth Best Workplaces for Women Best Workplaces in Financial Services & Insurance Best Workplaces in Ontario Best Workplaces with Most Trusted Executive Teams LinkedIn Top Companies in Canada Human Resource Director (HRD) - Best Place To Work HRD - 5‑Star Benefit Program HRD - 5‑Star Diversity & Inclusion Employer Designations Canadian Compassionate Companies – Certified Benefits Canada's Workplace Benefits Award (Future of Work Strategy) TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting Canadian HR Reporter's Most Innovative HR Team Seniority level Mid‑Senior level Employment type Full‑time Job function Finance and Sales Referrals increase your chances of interviewing at Fidelity Canada by 2x Sign in to set job alerts for “Credit Risk Specialist” roles Toronto, Ontario, Canada $60,000.00‑$65,000.00 2 weeks ago Mississauga, Ontario, Canada CA$40.00‑CA$40.00 15 hours ago Richmond Hill, Ontario, Canada 2 weeks ago Richmond Hill, Ontario, Canada 2 weeks ago We’re unlocking community knowledge in a new way. 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