Associate, Regulatory Reporting Operations at Fidelity Investments

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Experience with the trade and position reporting requirements of a broker/dealer including but not limited to CAIS, LOPR, Electronic Blue Sheets (EBS), Professional Customer and Large Trader
Strong knowledge of broker/dealer Customer and Account Information systems preferred
Ability to identify issues through complex analysis; develop solutions and drive to resolution
Working knowledge of SQL and Oracle databases preferred
Understand complex order routing flows and their impact to downstream systems
Understand 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
Microsoft Office applications, particularly Excel and PowerPoint
Strong time management and prioritization skills

Responsibilities

Lead and/or actively participate in projects and drive positive results
Work across Regulatory Reporting group to craft new analytical methods to proactively identify discrepancies in data across several reporting platforms and analyze the details available in disciplinary actions and industry fines to identify vital areas of improvement in our existing procedures
Act 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
Support the Compliance team in responding to inquiries, audits and/or exams from regulators in a timely manner, providing requested data and expertise in determining the accuracy and completeness of the reporting submitted
Support technology projects relating to regulatory reporting systems by developing and documenting user requirements, user acceptance test plans and post-production validation
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
Ensure reporting obligations have been met through thoughtful data analysis and deep understanding of regulations and trading infrastructure
Maintain positive relationships with internal and external partners to gain knowledge of new rules or interpretations and implement internally to ensure compliance
Ensure the overall integrity of trade and position reporting submitted to the regulators for National Financial Services and Fidelity Brokerage Services

Skills

SQL

Oracle

CAIS

LOPR

EBS

Series 7

Regulatory Reporting

Trade Reporting

Position Reporting

Data Analysis

Broker-Dealer Regulations

Fidelity Investments

Investment management and financial services provider

About Fidelity Investments

Fidelity Investments offers a range of financial services and tools designed to help individuals manage their investments and stay informed about the markets. Their products include mobile applications and market monitoring tools that provide users with real-time market quotes, news, and trading capabilities. For example, the Fidelity Market Monitor for Glass delivers daily market quotes directly to Google Glass, while the Fidelity app for Windows Phone 8 allows users to access news and trading tools on their mobile devices. Additionally, features like the Watch List Visualization for iPad help users track stock price changes over time using a heatmap. What sets Fidelity apart from its competitors is its focus on integrating new technologies and user-friendly interfaces to enhance the investment experience. The goal of Fidelity Investments is to empower individuals with the information and tools they need to make informed financial decisions.

Boston, MassachusettsHeadquarters

1946Year Founded

$120,238.8MTotal Funding

DEBT_FINANCINGCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Mental Health Support

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Parental Leave

Student Loan Assistance

Tuition Reimbursement

Risks

Loss of key personnel like Gita Bal may impact Fidelity's research capabilities.

Increased competition from Vanguard's new division could draw clients away from Fidelity.

Potential reputational risk from Bitcoin ETF outflows could affect Fidelity's offerings.

Differentiation

Fidelity Labs offers innovative beta products like Market Monitor for Google Glass.

Fidelity's mobile solutions are available on multiple platforms, including Windows Phone and iPad.

Fidelity's Open Limit Order Visualization provides unique insights into order execution proximity.

Upsides

Increased adoption of wearable tech could boost Fidelity's mobile solutions.

Growing interest in Bitcoin ETFs suggests expansion in Fidelity's digital asset offerings.

Rise of AI could benefit Fidelity's data analytics and AI-driven investment strategies.

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