Fidelity Investments Director, Fixed Income Compliance in Boston, Massachusetts
ThePurposeof Your Role
Fidelity Capital Markets (FCM) is the institutional trading arm of Fidelity Investments, executing equity, option, and fixed-income securities trades on behalf of institutional clients as well as many of Fidelity’s other businesses. The Fixed Income Compliance Director will be responsible for providing a broad range of direct advisory support to a number of fixed income desks and product areas within FCM. The Director will provide technical and interpretative guidance to FCM personnel, with a primary focus on FCM’s Fixed Income Sales, Trading and Middle Office. With the broad range of regulatory requirements applicable to fixed income securities, the successful candidate must possess experience in a similar compliance role or with a regulatory organization.
TheExpertiseWe’re Looking For
College degree required, business major preferred.
MBA or law degree a plus.
Minimum 5 years of Compliance experience in a trading environment or similar experience with a securities regulator. Fixed Income experience is preferred.
An in-depth understanding of the fixed income securities markets and associated regulations, especially in the area of municipal securities.
Strong written and verbal communication skills. Precise and accurate communication skills are critical to the candidate’s effectiveness. Written documents include compliance notices, written supervisory procedures, assessments, and power point presentations. Verbal communications range from daily interactions with desk staff to the ability to accurately and succinctly explain issues to Compliance management and business management, along with his/her recommendation for resolving. * *
Ability to identify core regulatory and compliance issues in a fluid trading environment.
Effective relationship building skills to interact with colleagues and business partners.
Interpersonal skills with an ability to partner, interact, collaborate, build trust, negotiate with and influence staff from all levels of the organization.
Accountability and judgment with the ability to own issues and initiatives, and see them through to their proper completion. Similarly, will exercise sound judgment with respect to his/her decision making process.
Ability to thrive in a high-pressure environment, yet manage multiple priorities.
How Your WorkImpactsthe Organization
FI Capital Markets Compliance is part of the FI Compliance Department. Responsibilities include covering the Fidelity Capital Markets’ various businesses and requires interaction with affiliates, including Fidelity Brokerage Services and FMR LLC (the mutual fund family). Further, the team interacts daily with Legal, Risk, Finance, and Operations, among other constituents.
Provide advisory support to multiple FCM fixed income desks and product areas.
Develop and maintain written supervisory procedures, Compliance policies 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/supervisory infrastructure.
Design and deliver targeted training to business personnel.
Assist regulatory inquiries/exam staff with regard 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 and business partners on regulatory matters and surveillance escalations.
At Fidelity, we are focused on making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. For information about working at Fidelity, visit FidelityCareers.com
/ Fidelity Investments is an equal opportunity employer. /
Title: Director, Fixed Income Compliance
Requisition ID: 1806331