Job Description:
The Role
Do you want to be part of a highly collaborative, cross-functional team committed to ensuring the accuracy of the firm s Regulatory Reporting platforms, within the vibrant Fidelity Capital Markets trading floor? We are looking for a Director of Regulatory Reporting, a leadership position within the team that is responsible for ensuring the overall integrity of trade and position reporting submitted to the regulators for the Fidelity Broker-Dealers, National Financial and Fidelity Brokerage Services, as well as for correspondent client broker-dealer firms. The Director is responsible for understanding the core businesses of the trading floor, how the systems work and inter-relate, the various operational flows supporting the different trading desks and the reporting requirements of all products. This understanding is essential to determining the overall completeness and accuracy of the reporting we submit. The Director will act as a primary interface between internal trading desks, middle office teams, compliance, systems development squads and other business partners that have an impact on Regulatory Reporting. You will also maintain positive relationships with external partners (e.g. Trade Associations) and participate in discussions that may be impactful to pending rule changes. You will interact with regulatory examiners and correspondent client firms and respond to inquiries and examinations, as needed. The Director will lead the development of a strategy for deep-dive analysis to be performed by the team to ensure our reporting obligations have been met.
The Expertise and Skills You Bring
- Experience and understanding of trade and position reporting requirements of a broker/dealer including but not limited to CAT, CAIS, Rule 605 and Rule 606. In addition, experience with Equities and Options trading and/or processing would be ideal.
- Strong knowledge of broker/dealer Customer and Account Information systems and/or highly complex order routing flows and their impact to downstream systems preferred.
- Demonstrated ability to lead and participate in medium to large-scale projects and successfully drive positive results.
- Demonstrated ability to be an effective leader of a team or a work product.
- Critical thinking skills necessary to craft new analytical methods to proactively identify discrepancies in data across several reporting platforms. This includes analyzing details available in disciplinary actions and industry fines to identify critical data points and areas for review and possible improvement in our existing processes. Proven ability to find solutions to problems.
- Ability to act as subject-matter expert while supporting the Compliance team in responding to inquiries, audits and/or exams from regulators in a timely manner.
- Demonstrated ability to document detailed business requirements and scenario-based use-cases for new rule implementations or rule updates. Will need to craft appropriate user-acceptance test cases to ensure production implementation will generate fully compliant reporting.
- Series 7 and Series 24 required within 6 months of hire
- Working knowledge of SQL, Oracle databases, Excel and data visualization tools preferred.
- Ability to build and maintain professional relationships with internal and external business partners.
- Excellent verbal and written communication skills and the ability to present material to senior leaders as well as peers.
- Microsoft Office applications, particularly Excel and PowerPoint
- Strong time management and prioritization skills
The Team
This dynamic team is part of Fidelity Capital Markets. Fidelity s broker-dealers, National Financial and Fidelity Brokerage Services, are required to send significant amounts of detailed trading data to various governmental and industry regulators such as FINRA, FINRA CAT, the SEC and MSRB. The Regulatory Reporting group plays an integral role in ensuring that all trading activity has been accurately reported to the Regulatory agencies. The team s directive is to analyze and identify issues or discrepancies in our reporting programs and work closely with the Trading, Middle Office and Technology teams to deliver a solution to address these. Issues with regulatory reporting, if not addressed, can lead to inquiries, disciplinary actions or fines for the firm.
The base salary range for this position is $85,000-$144,000 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.
Certifications:Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients money.
Join Us
At Fidelity, you ll find endless opportunities to build a meaningful career that positively impacts peoples lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees Choice Award , we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don t need a finance background to succeed at Fidelity we offer a range of opportunities for learning so you can build the career you ve always imagined.
Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document , and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
We invite you to Find Your Fidelity at .
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to , or by calling , prompt 2, option 3.