Vice President

Job Description:

Vice President, Compliance

The Role

The Vice President, Compliance will be responsible for providing a broad range of direct advisory support to the Prime Service and Securities Lending businesses within Fidelity Capital Markets (FCM). The Vice President will manage a team of compliance associates and provide technical and interpretative guidance to Fidelity Capital Markets personnel.

Prior Prime Services or Securities Lending product or compliance experience is required, or similar experience with a securities regulator. Prior management experience is also required. We are seeking subject matter expertise in one or more of the following areas: Prime Services, Securities Lending, Regulation SHO.

The Expertise and Skills You Bring

• Bachelor’s degree required, MBA or law degree a plus.
• An in-depth understanding of the securities markets and associated regulations.
• Strong written and oral communication skills. Written documents include compliance notices, written supervisory procedures, assessments, and presentations.  Oral communications range from daily interactions with desk staff to the ability to explain issues accurately and succinctly to compliance, business management and regulators.
• Ability to proactively identify core regulatory and compliance issues in a fluid trading environment.  
• Effective relationship building skills to interact with colleagues and business partners.
• Experience in a large enterprise and collaborative approach in problem-solving and prioritization.
• Interpersonal skills with an ability to partner, interact, collaborate, build trust, negotiate with and influence staff from all levels of the organization.   
• Accountability and ownership of issues and initiatives, with an ability to independently exercise sound judgment and see projects through to completion. 
• Awareness that decisions can have a significant impact on firm reporting compliance and associated risks.
• Ability to thrive in a high-pressure environment while managing multiple priorities.
• Intellectual curiosity and sharp investigative skills, as well as strong analytical and problem-solving skills
• Previous experience managing products or platforms or compliance support of such products.
• Provide advisory support to Prime Services and Securities Lending desks. 
• Develop, maintain and enhance written supervisory procedures, compliance policies, control frameworks and other documentation.
• Implement necessary Compliance changes due to new or amended regulatory requirements applicable to product areas. 
• Support the introduction of new products and service initiatives by providing advice and developing the appropriate Compliance requirements, supervisory infrastructure and control framework. 
• Design and deliver targeted training to business personnel.        
• Assist regulatory inquiries/exam staff in responding to relevant regulatory matters.
• Remain abreast of emerging regulatory issues that may impact Fidelity by analyzing relevant enforcement matters, subscribing to key industry periodicals and being an active participant in industry groups such as SIFMA, FIF, and ICI. 
• Partner with compliance colleagues, legal, risk and business partners on regulatory matters and surveillance escalations. 

Note: Fidelity is not providing immigration sponsorship for this position

The Team

Fidelity Capital Markets (FCM) is the institutional trading arm of Fidelity Investments, executing equity, option, and fixed-income securities trades, and supporting securities lending, on behalf of institutional clients as well as many of Fidelity’s other businesses.  

The base salary range for this position is $123,000-$207,000 per year.  

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.   

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home.  These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career.  Note, the application window closes when the position is filled or unposted.

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.

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.

Certifications:

Category:

Compliance