About the Opportunity

Job Description

Title: Manager - Board Reporting (2nd Line Risk)                                                  

Department: Risk

Location: Gurgaon, India

Reports To: Head of Strategic Risk, Reporting and Initiatives

About Fidelity International

Fidelity International offers world class investment solutions and retirement expertise. As a privately owned, independent company, investment is our only business. We are driven by the needs of our clients, not by shareholders. Our vision is to deliver innovative client solutions for a better future.

Our people are passionate, engaged, smart and curious, and we give them the independence and the confidence to make a difference. While we take pride in the excellence of our investment solutions and client service, we know we can always do better. We are honest, respectful and make tough calls, challenging the status quo to achieve better outcomes through innovation. Above all else, we always put our clients first.

Our Values

All of our people must be able to demonstrate affinity with the Fidelity core values:

Innovation – Being willing to experiment and try new and better ways to serve our clients.

Integrity – Taking personal responsibility for always acting in the best interests of our clients.

Excellence – Striving to be the best while knowing we can always be better next time.

Our Behaviours

All of our people must be able to operate in accordance with our behaviours:

Brave - Challenge the status quo, be accountable and speak up

Bold - Act with conviction, encourage diverse thinking and keep things simple

Curious - Learn to do new things in better ways and encourage fresh thinking

Compassionate - Have empathy, care for colleagues, clients and the community

Department Description

The Global Risk function covers all facets of risk management for Fidelity International, including investment, operational, enterprise, model and technology risk, with the Global Risk Team in Fidelity covering oversight of the Group’s risk profile including risk insights, risk frameworks, policies, procedures, oversight, and challenge.

Board reporting is a key facet of the Risk Function’s objective to provide risk reporting and insights for the Global Chief Risk Officer, Board level Group Audit and Risk Committee, Senior Management and the external (client facing) Investment Company Boards. 

A key objective for the Global Risk team is to enable independent insights and reporting of the risk profile of the Fidelity International business in the UK & Ireland, Continental Europe and Asia to partner and challenge the business areas to drive improvements in risk understanding and awareness, and overall optimisation of risk across Fidelity.

Purpose of your role

This is an exciting opportunity in helping to lead the development and enhancement of the Risk Function Board level reporting and insights within Fidelity globally. The role includes leading and enhancing Fidelity’s various Board level reporting, and the reporting to the external Investment Company Boards. The role will involve direct interaction with the various heads of risk functions and their supporting teams. You will be supported in your role by the existing reporting team and risk team leads. The Global Risk team is a diverse team and we are ideally looking for an individual who can innovate, ‘think outside the box’ and support executive management and Global Risk colleagues as a ‘trusted business partner’.

Key Responsibilities

Core aspects of the role:

The purpose of the role is to co-ordinate, manage and support the end-to-end risk reporting activity and insights for the Global Risk Team covering the internal Fidelity Group Risk Committees, regulated Boards and the external (client-facing) Investment Companies. The individual will take the lead on drafting Board level and Committee reports, providing risk insights and commentary, and coordinate the production of other risk insights and reporting produced by other members of the Global Risk Team, including coordinating content input from other risk and business stakeholders. As this model matures, the role holder will progress to make the Board reporting capability more globally supporting and covering new locations. In addition the individual will support development of Fidelity’s approach and innovation to risk insights and reporting - for example, developing new tools or insights.

Key aspects of the role will include:

• Interact closely with both the global risk coverage leads for the various Business areas within Fidelity, and the Business stakeholders themselves - this includes: ISS (Investment Solutions & Services), GPS (Global Platform Services) and the Group Functions such as Finance, General Counsel and Technology. 
• Work to ensure business level risks can be aggregated to understand the Group level risk profile and provide independent insights to risk activities and governance of various business areas, ensuring an appropriate risk view is articulated.
• Work with the Investment Risk and UK Wholesale Business teams to ensure the risks for the Investment Companies are understood and reported, helping the external Board Directors to fulfil their duties under the UK Corporate Governance Code.  
• Support local reporting to the India Boards and governance committees Take the lead on working with key contributors and Heads of the various Risk Function Teams.
• Ensure timely production and distribution of the risk reports to management, Boards, Committees and Governance forums
• Track and ensure appropriate actioning of follow up items arising from Boards, Risk Committees and Governance forums 
• Ensure there are processes in place to validate quality and consistency of risk data and Management Information. 
• Review and challenge existing process for risk insights and risk report collation and mature the capability longer-term.
• Understand Fidelity’s risk framework standards and defined risk tolerances and appetite
• Attend as necessary relevant Senior Management governance forums and risk committee forums

Experience and Qualifications

Required

• Experience in dealing with cross functional stakeholders at various level of seniority
• Experience working in a 1LOD or 2LOD governance or risk role; risk framework understanding and oversight knowledge 
• High degree of proficiency in report writing and MS tools including the ability to develop clear, concise & compelling story lines
• Ability to create insights & provide risk opinions to Boards and Senior Management from data sets
• Collaborative problem-solver able to work through ambiguous, shifting and sometimes competing priorities
• Excellent command on spoken and written English
• Experience in working in the financial industry with an understanding or background in Risk function
• Fine balance in working with multiple stakeholders and ability to work independently
• Strong analytical skills, problem-solving ability and attention to detail
• Ability to make decisions that are reasonable and logical
• Effective influencer, able to build productive relationships, while comfortable challenging and negotiating different viewpoints

Highly desirable:

• Financial or Non-Financial Risk management experience in Financial Services
• Investment risk knowledge and experience  
• Experience in running risk analysis, including review/challenge of business risk profile and remediation initiatives

You will be:

• Delivery focused
• Comfortable dealing with senior management, governance forums and various stakeholders
• Able to work well under pressure and in a professional demeanour 

We are committed to being an inclusive and diverse company to work for and strive to create a culture where flexible working is encouraged so that we retain and attract the best talent by offering working patterns that suit both individual and business needs.