About the Opportunity

Job Type: Permanent

Application Deadline: 28 February 2026

Title: Assistant Manager - Model Risk

Department: Model Risk, which is part of larger Enterprise Risk team

Type: Permanent

Reports To: Associate Director, Model Risk

Level: 4

We're proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this By working together - and supporting each other - all over the world. So, join our team and feel like you're part of something bigger.

Department Description

Global Risk:

The risk team in Fidelity covers the management oversight of Fidelity's risk profile including key risk frameworks, policies and procedures and oversight and challenge processes. The team partner with the businesses to ensure Fidelity manages its risk profile within defined risk appetite.

The team is circa 120-strong, and growing, covering all facets of risk management including investment, operational, enterprise, and technology risk.

Enterprise Risk Management (ERM) Function:

The ERM function is lead from Singapore and the primary purpose of the ERM team is to ensure that the business is managing risk within its agreed risk appetite, and in accordance with ERM Framework in place. The ERM function is also responsible for capital management, key risk regulatory reporting, policy governance and the ERM framework. It also acts as the oversight function for model risk, strategic risk, financial risk, ESG risk and strategic ventures. The ERM team size is currently 35, and the Model Risk team size is 12.

Purpose of your role

Your role will lead or support model validations. You'll undertake theoretical analysis and review of material models across asset classes, understanding the mathematical models and AI/ML models used and their implementation methods. You will also help with the continual development and maintenance of the model inventory and a model risk assessment process. Naturally, you'll actively engage and manage relationships with various stakeholders.

Key Responsibilities

. Perform model validations and deliver high quality reports
. Stakeholder management, including with senior management model owners
. Contribute to the quality of the inventory data, incl. reporting data, materiality assessments, etc
. Support the development of modelling standards
. To provide SME advisory and assurance that models meet policy and regulatory requirements.
. To provide expert support and guidance to all stakeholders on model development and validation activities, to help ensure the global model risk operating model is consistently adopted in processes and procedures, and to help model owners, users and developers understand minimum standards, make use of templates, etc.
. Establish and maintain highly effective working relationships with all key internal stakeholders

. Support model governance activities

Experience and Qualifications Required
. Hands on experience building, enhancing and running model validation processes
. An understanding of all model types (investment, pricing, risk & capital) preferred
. Experience in quantitative risk related roles in the financial sector - investment banking or asset management is preferable.
. Ability to demonstrate project delivery across model validation, model documentation will be highly advantageous.
. Hands-on mentality
. Excellent at providing innovative ideas and comfortable working under pressure
. Strong MS Excel & expertise with VBA, model library programming (C++, Java, Python &/or other).
. Dedicated to maintaining high quality standards and client satisfaction
. University degree in Quantitative/Finance/Mathematical subject or similar
. At least 3 years post-qualification experience.

. CFA/FRM/CQF and/or strong expertise in AI and ML models, would be advantageous

Feel rewarded

For starters, we'll offer you a comprehensive benefits package. We'll value your wellbeing and support your development. And we'll be as flexible as we can about where and when you work - finding a balance that works for all of us. It's all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.