Director, Regulatory Reporting

Company: Fidelity Investments
Location: Boston
Posted on: September 20, 2023

Job Description:

Job Description:The RoleDo 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? \u00A0We 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. \u00A0\u00A0The 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.\u00A0 This understanding is essential to determining the overall completeness and accuracy of the reporting we submit.\u00A0 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. \u00A0\u00A0You will also maintain positive relationships with external partners (eg. Trade Associations) and participate in discussions that may be impactful to pending rule changes.\u00A0 You will interact with regulatory examiners and correspondent client firms and respond to inquiries and examinations, as needed.\u00A0 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. \u00A0\u00A0
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.\u00A0 In addition, experience with Equities and Options trading and/or processing would be ideal.\u00A0 \u00A0\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0
• 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. \u00A0
• Critical thinking skills necessary to craft new analytical methods to proactively identify discrepancies in data across several reporting platforms. \u00A0\u00A0This 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.\u00A0 Proven ability to find solutions to problems.\u00A0
• 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.\u00A0 Will need to craft appropriate user-acceptance test cases to ensure production implementation will generate fully compliant reporting.\u00A0 \u00A0\u00A0\u00A0
• 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 skillsThe TeamThis 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. \u00A0Issues with regulatory reporting, if not addressed, can lead to inquiries, disciplinary actions or fines for the firm.Please see below for the salary range for work locations in Colorado only:N/A
  
  Please see below for the salary range for work locations in New York City, Westchester County, NY and Jersey City, NJ only:$108,000 - $144,000 per year
  
  This position is eligible for incentive compensation or an annual bonus opportunity.
  
  Please see below for the salary range for work locations in California only:N/A
  
  Please see below for the salary range for work locations in Washington only:N/A
  
  Certifications:Company OverviewFidelity 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 UsAt 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--, we have been recognized by our employees as a Best Place to Work in 2023. 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.At Fidelity, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we re calling \u201C\u201D. Most associates will have a hybrid schedule with a requirement to work onsite at a Fidelity work location for at least one week, 5 consecutive days, every four weeks. These requirements are subject to change.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 800-835-5099, prompt 2, option 3.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 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.

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