What are the responsibilities and job description for the Director Regulatory Trade Reporting position at Fidelity Investments?
Job Description
The Role
As a member of the Regulatory Reporting External Support team, you will be responsible for providing frontline support to the firm’s external shareholders for all matters related to regulatory reporting. This role carries a dual function in that a portion of the work will be dedicated to working closely with the firm’s institutional broker dealer clearing and correspondent clients, while also partnering with compliance to respond directly to regulator inquiries regarding previous reporting activity or existing processes used to report on required trading and customer account information. As part of this role, you will also be responsible for partnering more broadly across the product, data and operations teams that support regulatory reporting.
The Expertise And Skills You Bring
This dynamic team is part of Fidelity’s Capital Markets group. Fidelity, through its broker dealers, is required to send significant amounts of detailed trading and customer account and identification data to various governmental and industry regulators such as FINRA, FINRA CAT, the SEC and MSRB. The Regulatory Reporting group, across several functions, is responsible for performing these duties on behalf of the broader firm. The group ensures this can be done by working closely with business partners such as Trading, Technology, Customer Support teams and Compliance/Legal. The group plays a critical role by ensuring the firm meets stated requirements set by industry regulators and therefore not subject to disciplinary action or fines.
Note: Fidelity will not provide immigration sponsorship for this position.
Certifications
Series 07 - FINRA, Series 24 - FINRA
Category
Brokerage Operations
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
The Role
As a member of the Regulatory Reporting External Support team, you will be responsible for providing frontline support to the firm’s external shareholders for all matters related to regulatory reporting. This role carries a dual function in that a portion of the work will be dedicated to working closely with the firm’s institutional broker dealer clearing and correspondent clients, while also partnering with compliance to respond directly to regulator inquiries regarding previous reporting activity or existing processes used to report on required trading and customer account information. As part of this role, you will also be responsible for partnering more broadly across the product, data and operations teams that support regulatory reporting.
The Expertise And Skills You Bring
- Externally-facing experience working either directly with clients or external firm stakeholders
- Previous experience supporting client activity related to trading, financial reporting, or broader operational activity and/or interacting with financial regulators or supporting business functions (ie compliance) that do so.
- FINRA Brokerage licenses Series 7, 24 & 63 required within 6 months
- Optimizing the broker dealer clearing/correspondent client experience as it relates to ongoing regulatory reporting obligations
- Partnering with:
- Compliance partners to respond to regulatory examinations, including timely and accurate communications to regulator inquiries.
- Data analytics team to review activity related to customer and regulator inquiries.
- Product and Operations teams to make enhancements to applications and processes as a result of client feedback or regulator findings.
- Proactively provide the regulatory reporting group with insight gained from regular interactions with clients and regulators
This dynamic team is part of Fidelity’s Capital Markets group. Fidelity, through its broker dealers, is required to send significant amounts of detailed trading and customer account and identification data to various governmental and industry regulators such as FINRA, FINRA CAT, the SEC and MSRB. The Regulatory Reporting group, across several functions, is responsible for performing these duties on behalf of the broader firm. The group ensures this can be done by working closely with business partners such as Trading, Technology, Customer Support teams and Compliance/Legal. The group plays a critical role by ensuring the firm meets stated requirements set by industry regulators and therefore not subject to disciplinary action or fines.
Note: Fidelity will not provide immigration sponsorship for this position.
Certifications
Series 07 - FINRA, Series 24 - FINRA
Category
Brokerage Operations
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
