Manager Operations Fcc

Job Description

You will be working on a flexible hybrid schedule as part of Fidelity’s dynamic working arrangement.
- Current work authorization for Canada is required for all openings._

What We Do:
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

Role Overview:
The Manager of Operations FCC - Banking & Certificates is responsible for managing the client facing and market facing operations teams within FCC and the effective management and leadership of the Operations function, including transaction processing quality and throughput, development and maintenance of appropriate controls, staff planning and utilization and process reviews and improvements.

This role will be in the Banking & Certificates departments with different roles will be reporting to this Manager such as Operations Representatives, Operations Specialists, and Team Managers, to whom the latter have direct reports beneath them.

This role is responsible for ensuring that Fidelity's brand and reputation is protected by adhering to Fidelity's compliance and risk framework.

What You Will Do:
Financial and Risk Management: Demonstrates understanding of regulatory, risk and compliance supervisory obligations, and internal controls by:
- Maintenance and resolution for any internal and external Regulatory/Risk Ratings/Audit findings.- Provide oversight with external audits and ensure proper actions are taken to resolve all issues.- Participates in internal/external audit engagements; assists with remediation of all findings that impact scope of assigned work.- Ensures all reporting is completed on or before regulatory deadlines.- Stay current with regulatory environment and raise concern with internal partners for further review and assess overall impacts. Provide suggestions toward solutions when applicable.- Represent FCC Ops on market boards, panels, external bodies, seminars, conferences/courses. as required. Requires the ability to speak in public form comfortably while upholding Fidelity branding guidelines and expectations amongst industry peers.- Accountable for identifying issues/risks (financial & regulatory) and resolving or escalating promptly to mitigate further possible exposure to the firm.- Participate in project work relevant to the department and delegate responsibilities amongst the team to ensure adequate project team support.- Ensures policy and procedure documents are maintained, up to date and required controls are adhered to.- Responsible for monitoring respective control accounts. Any out of balances are addressed timely and escalated when necessary.- Ensure supervisory oversight is in place to strengthen regulatory and risk controls to minimize exposure of the day-to-day work.- Issues escalated and resolved in a timely manner following identified procedures.- Ensure policies and procedures are maintained and up to date.- Daily and monthly balancing of all control accounts.- Risk mitigation.- Assess business units and self-identify high risk areas and mitigate the risk through updated process and/or procedures.

Metrics & Data -Function and team performance:

- Develop and implement metrics, KPI’s and capacity modeling.
- Responsible for performance trends against scorecards/Service Level Opportunities (SLOs) for departments to ensure that goals are met; identify barriers/gaps and recommends a plan of action.
- Develop and follow up on annual departmental goals against the FCC corporate goals.

Partner and collaborate with FCC’s clients, vendors, peer groups, and FCC employees:

- All matters related to operations. Asses current business needs, development improvements where required and look to achieve “best in class” service. Analyze matters at hand, look to influence, and work with FCC partners and clients in a consultative manner to determine what is required and execute change.
- Establish relationships and effectively liaise with various groups within the larger Fidelity organization for issues where there is synergy and opportunities to learn from one another. Build and maintain relationships with colleagues at Fidelity Canada, FMR & Industry Peers.
- Liaise and maintain strong relationships with vendors associated to the departmental objectives and responsibilities.
- Engage vendors timely to raise production concerns, initiate review of requirements associated to project work impacting these partners, etc.

Project work:

- Key participant/Subject matter expert (SME) on projects related to FCC Operations.
- Lead smaller scale projects
- department initiated changes etc.
- Using continuous improvement methodologies, continually searches for and takes initiative to improve and/or eliminate ineffective processes to imp