FCC Head of Investigations at Fidelity Investments

Jersey City, New Jersey, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Deep securities industry knowledge with a comprehensive understanding of BSA/AML, Global Sanctions and Global Anti-Bribery and Corruption applicable laws and regulations
10+ years of BSA/AML financial crimes compliance or comparable experience at a large financial institution, major consulting firm, regulatory agency, law enforcement, or a combination thereof
Experience in a senior financial crimes compliance role in the securities and/or asset management industry, with demonstrated ability to operate across diverse business units, innovative product sets, and a broad array of customer segments
Tech-savvy with proficiency in financial crimes compliance technologies, processes and workflows
Experience interacting and fostering productive relationships with regulatory agencies
Strong compliance, risk management, process and operational acumen
Ability to implement an environment of continuous program improvement in a fast-paced, highly regulated environment
Ability to anticipate business and market trends and develop long-term strategies aligned with Fidelity’s risk profile, vision and goals
Innovative and strategic executive leadership skills
Executive-level communication skills with credibility and influence to build consensus
Ability to work and learn quickly in a fast-paced, dynamic environment with competing priorities

Responsibilities

Accountable for the operating design and implementation of controls to investigate potentially suspicious activity transaction monitoring alerts, internal/external escalations, and filing of suspicious activity reports (SARs)
Oversee the execution and disposition of all financial crimes related investigations
Lead and provide direction to a team dispersed across multiple Fidelity sites
Implement and lead all aspects of the financial crimes investigations and SAR filing function program across Fidelity legal entities, proactively engaging with business leaders, internal stakeholders and regulatory agencies
Build and encourage an impactful team by evaluating, hiring and nurturing talent across a team of compliance and investigation professionals while developing needed skills and crafting a culture of inclusion
Focus on development, improvement and ongoing maintenance of key performance indicator (KPI) metrics, and oversee the production of regular reporting that provides insight to program health and operational efficacy to senior management, the FCI team and other internal stakeholders
Develop reporting, metrics and dashboards that constantly monitor adherence to service-level agreements (SLAs) designed to provide insight to program health at any point in time
Assist with internal and external audit and regulatory engagements, including timely issue follow-up/remediation
Partner with business leaders to promote a collaborative environment that helps the business meet its goals while ensuring compliance is always maintained
Balance risk management with business unit goals
Provide senior management, various committees, and governance councils with updates on the status of the FCI Program

Skills

Key technologies and capabilities for this role

Financial Crimes InvestigationsSAR FilingTransaction MonitoringComplianceRisk ManagementRegulatory ComplianceTeam LeadershipTalent DevelopmentExecutive CommunicationProcess ImprovementOperational Acumen

Questions & Answers

Common questions about this position

What does the Head of Investigations role at Fidelity entail?

The role involves leading the Financial Crimes Investigations (FCI) team, overseeing the design and implementation of controls for investigating suspicious activity, transaction monitoring alerts, escalations, and filing SARs, while reporting to the Head of the Financial Crimes Intelligence Unit.

Is this a remote position or does it require working from specific locations?

This information is not specified in the job description.

What salary or compensation is offered for this role?

This information is not specified in the job description.

What key skills and qualities are needed for the Head of Investigations position?

The role requires strong compliance, risk management, process and operational acumen, executive-level communication skills, strategic leadership, and the ability to develop metrics, dashboards, and reporting while building high-performing teams.

What kind of team leadership is expected in this role?

The Head of FCI will lead and provide direction to a team dispersed across multiple Fidelity sites, focusing on building, evaluating, hiring, and nurturing talent while crafting a culture of inclusion.

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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