Senior Associate, Regulatory Reporting Operations

Job Description:

The Role

As a Senior Associate within 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 & 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 improvements 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

The Team

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.

The base salary range for this position is $71,000-$120,000 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:

Category:

Brokerage Operations