Job Description:

The AML Officer for National Financial Services (NFS) and the Capital Markets businesses, including affiliated broker-dealers and a foreign exchange business, will lead the AML functions for these regulated entities. The role will be a key leader within Fidelity’s Financial Crimes Compliance Program Office and maintain oversight of the AML programs for the covered entities, as well as support the overall mitigation of money laundering, terrorist financing, and other financial crimes risks across Fidelity.

The Role

Reporting to Fidelity’s Head of the Financial Crimes Compliance Program Office/Deputy Chief AML Officer, the AML Officer will be responsible for:   

Establishing and maintaining AML programs reasonably designed to achieve compliance with applicable anti-money laundering requirements, including the Bank Secrecy Act, as amended, and related regulations.

Overseeing AML programs for clearing, prime brokerage, institutional trading, securities lending and foreign exchange businesses.  

Providing subject matter expertise, requirements, policy decisions and guidance on AML applicable to the covered entities to business partners and other relevant stakeholders.

Reviewing and assessing AML risk and providing advice relating to new business strategy, products, services, technologies, and new and existing relationships that may trigger requirements relevant to AML.

Performing risk assessments to identify potential issues, evaluate the need for control enhancements, and prioritization of program activities.

Reviewing, revising, and approving AML compliance policies and procedures, training, and forms, as required.

Developing presentations and presenting before relevant committees and senior management on AML risk assessments, audits, training, and other AML-related updates.

Representing Fidelity while engaging with regulators, industry groups, and peer firms.

Liaising with critical stakeholders including Senior Business Leaders, Compliance, Risk, Global Security, Technology, Legal, and Internal Auditors.

Identifying and escalating potential issues and violations of applicable laws, rules, regulations, standards of conduct or corporate policies to management and, as applicable, business unit compliance for further escalation consideration, such as meeting FINRA Rule 4530 reporting requirements.

 The Expertise You Have

Deep relevant experience in the financial services industry, including familiarity in AML implementation at a broker-dealer.

Knowledge of capital markets products and services is strongly preferred.

10-12+ years of AML experience or comparable experience at a law firm, regulatory agency, financial institution, major consulting firm or law enforcement.

Bachelor’s degree required and advanced degree a plus.

Series 7, 24 a plus.

Experience working with regulators such as FinCEN, the SEC, and FINRA.

Demonstrated ability to work and flourish in a fast-paced, dynamic environment.

The Skills You Bring  

Proven leader with executive level presence, communication, and organizational skills to effectively influence key decision makers while engaging business partners on prudent courses of action.

High-energy, positive, leader with demonstrated ability to build effective working relationships and prioritize in a fast-paced environment.

Ability to collaborate through a proactive/constructive dialogue with business partners across compliance, risk, legal, audit, clients, and regulators.

Ability to drive multiple, competing, complex initiatives to successful completion simultaneously.

Ability to develop productive relationships with regulators and peers in industry groups.

Proven analytical skills, including ability to interpret regulatory requirements subtly, carefully, creatively, and prudently.

Impactful communicator who is direct, plain spoken, and “tells it like it is” with a genuine/authentic demeanor, while enabling candid debate. Knows when and how to raise problems.

Unassailable integrity with strength of character to express opinions and challenge the status quo.

The Value You Deliver  

Regulatory Compliance – Advise and enhance AML programs securities and capital markets businesses and provide subject matter expertise on requirements.

Support New Business & Product Growth – Partner with business on product and services growth, while maintaining Fidelity’s strong compliance environment.

Communication & Metrics – Deliver effective communications and leverage analytics and metrics to provide updates to senior management and business partners.

Talent – Act as a leader for the Compliance function, while encouraging a culture of diversity, inclusion, and empowerment.

Certifications:

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award(opens in a new tab), we have been recognized by our employees as a Best Place to Work in 2022. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

As a result of COVID-19, many of our associates are continuing to work remotely. When Fidelity employees eventually return to the office, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we’re calling “Dynamic Working(opens in a new tab).” 

We invite you to Find Your Fidelity at fidelitycareers.com.

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.

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 Leave of Absence/Accommodation Team by sending an email to accommodations @fmr.com, or by calling 800-835-5099, prompt 2, option 2.