Manager, Regulatory Reporting Operations

Job Description:

NOTE: Fidelity will not provide sponsorship for this position.

The Role

Do you want to make a difference in our customers’ lives and be part of a highly collaborative, cross-functional team committed to ensuring the accuracy of the firm’s Regulatory Reporting Platforms within Fidelity Capital Markets? We are looking for an Analyst, Regulatory Reporting Operations who works within a team responsible for ensuring the overall integrity of trade and position reporting submitted to the regulators for National Financial Services and Fidelity Brokerage Services. You will act as a primary interface between trading desks, operations teams, compliance, systems development teams and other business partners that have an impact on Regulatory Reporting. You will play a key role in ensuring reporting obligations have been met through thoughtful data analysis and deep understanding of regulations and our trading infrastructure. In addition, you will maintain positive relationships with internal and external partners to gain knowledge of new rules or interpretations and implement internally to ensure compliant reporting.

 

The Expertise and Skills You Bring

• Experience with the trade and position reporting requirements of a broker/dealer including but not limited to SEC Rules 605 and 606, SEC Rule 613 Consolidated Audit Trail (CAT), MSRB, TRACE, and ACT.  
• Working knowledge of broker/dealer Customer and Account Information systems preferred.
• Identifying issues through complex analysis; developing solutions and driving to resolution.
• Working knowledge of SQL and Snowflake / Oracle databases preferred.
• Understanding complex order routing flows and their impact to downstream systems.
• Understanding the various regulatory requirements of a broker dealer as it relates to trade and position reporting.
• Series 7 required within 6 months of hire
• Ability to build and maintain professional relationships with various teams both external and internal to Fidelity.
• Excellent verbal and written communication skills and the ability to present material to senior leaders as well as peers.
• Team-player mentality, willing and able to shift priorities based on team needs, contributing to larger team goals and deliverables. 
• Microsoft Office applications, particularly Excel and PowerPoint
• Strong time management and prioritization skills
• Demonstrated ability to lead and/or actively participate in projects and drive positive results.
• Ability to craft new reconciliation methods to proactively identify discrepancies in data across several reporting platforms and analyze the details available in disciplinary actions and industry fines to identify areas for improvement in our existing procedures.
• Acting as subject matter authority to internal and external business partners on regulatory reporting requirements. Be aware of upcoming rule changes and understand impact to both operational and system flows, identifying system and/or process flow changes needed.
• Supporting the Compliance team in responding to inquiries, audits and/or exams from regulators in a timely manner by providing requested data and expertise in determining the accuracy and completeness of the reporting submitted.
• Supporting technology projects relating to regulatory reporting systems by developing and documenting user requirements, user acceptance test plans and post-production validation

 

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 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 Operations and Technology teams to deliver a solution to address these. Issues with reporting can lead to inquiries, disciplinary action or fines.

Fidelity’s Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

The base salary range for this position is $74,000-141,000 USD 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.

Certifications:

Series 07 - FINRA

Category:

Brokerage Operations