Job Description:
Position Description:
Provides direction to management and business units by proactively identifying and monitoring risks to protect the interests of the firm. Draws on in-depth knowledge of the asset management business, function, and regulatory requirements to identify, analyze, aggregate, and report on significant risk events to help management develop and improve their controls and processes. Provides leadership, technical supervision, and expertise to multiple teams in risk management areas to ensure investment policies are followed across the business.
Primary Responsibilities:
- Partners business groups to evaluate risks and controls associated with the launch of new investment products, new and changing regulations, and new operational requirements.
- Ensures controls are adequately designed for their intended purpose in support of risk mitigation.
- Educates business partners on applicable requirements and implements effective mechanisms.
- Leads the management and implementation of changes based on current trends, industry best practices, and issues recognized during assignments, while recommending plans for improvement.
- Participates and leads strategic initiatives within the team and in partnership with various business partners across the organization.
- Develops presentations and visualizations for senior management to support decision making.
- Develops comprehensive and dynamic management reporting, including periodic status reports to highlight risks, dependencies, and conclusions.
- Writes control statements, risk statements, and communicates responsibilities to stakeholders.
- Socializes timelines and test design effectiveness to ensure controls are mitigating risks.
Education and Experience:
Bachelor’s degree in Finance, Commerce, Economics, Business Administration, Marketing, or a closely related field (or foreign education equivalent, including 3-year foreign degree) and six (6) years of experience as a Director, Asset Management Risk (or closely related occupation) identifying operational and compliance control gaps (to facilitate business enhancements) by conducting risk reviews, proactive readiness assessments, audits, and compliance reviews according to SEC regulations, including the Investment Advisers Act of 1940, Investment Company Act of 1940, or FINRA.
Or, alternatively, Master’s degree in Finance, Commerce, Economics, Business Administration, Marketing, or a closely related field (or foreign education equivalent) and four (4) years of experience as a Director, Asset Management Risk (or closely related occupation) identifying operational and compliance control gaps (to facilitate business enhancements) by conducting risk reviews, proactive readiness assessments, audits, and compliance reviews according to SEC regulations, including the Investment Advisers Act of 1940, Investment Company Act of 1940, or FINRA.
Skills and Knowledge:
Candidate must also possess:
- Demonstrated Expertise (“DE”) conducting large-scale financial services risk and compliance audits by interpreting complex regulatory and internal policy requirements, evaluating operational and compliance risks for new product offerings, recommending oversight tests, and drafting policies and procedures to enforce internal controls and adhere to SEC, Investment Advisers and Investment Company Act of 1940, and FINRA rules for broker-dealers and investment advisors, using SharePoint and Governance, Risk, and Compliance (GRC) Archer.
- DE supporting large, cross-enterprise control building projects and engagements, including operational, financial reporting, and regulatory controls required under various frameworks (Sarbanes-Oxley Act (SOX), Committee of Sponsoring Organizations of the Treadway Commission (COSO), Investment Advisers, and Investment Companies Act, 1940), using Excel, PowerPoint, and Archer GRC.
- DE developing cross functional process flowcharts and risk and control matrices for various investment offerings and participating in brainstorming sessions to build and present scorecards, comprehensive reporting of industry trends, and periodic status reports highlighting risks, dependencies, non-compliance, control gaps, and business solutions, using project management tools -- MS Visio, PowerPoint, and Mural.
- DE performing advanced data analytics and visualizations, using PivotTables, Power BI, Tableau, and SQL scripting language (to pull and interpret data sets); designing oversight test plans using User Defined Applications (UDAs); and streamline repetitive tasks to evaluate controls, using Advanced Excel and Macros.
Salary: $149,053.00 - $169,000.00/year
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Certifications:
Category:
RiskMost roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles. Some roles may have unique onsite requirements. Please consult with your recruiter for the specific expectations for this position.
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.
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Benefits that balance life and work
From our fully paid parent leave to our on-site health and wellness centers, our benefits support the belief that more balance you have, the better you can achieve your goals.
Company overview
Company overview
At Fidelity, we are passionate about 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. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experience.
Reasonable accommodations
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation contact the HR Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 3.
Equal opportunity employer
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop, and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Hybrid work schedule
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite all business days of every other week in a Fidelity office.
Applicant screening
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.