Job Description:

The Role

The Bank Regulatory Compliance Leader will develop and administer compliance processes designed to drive a holistic, cross-enterprise perspective of activities across Fidelity that have a banking nexus, provide subject matter expertise on bank regulatory-related topics, and develop and execute monitoring processes and assessment activities around bank-related topics. This is a new role that will operate across the enterprise to strengthen processes in areas where banking regulations are directly applicable or may be indirectly implicated.

Reporting to the Head of Enterprise Compliance, the Bank Regulatory Compliance Leader will be responsible for developing and executing processes to enhance compliance risk management across a range of activities that have some nexus to banking. This may include products and services offered to Fidelity customers from bank-regulated entities within Fidelity, the offering of products and services through third-party bank entities, or investments in banking entities. This is currently an individual contributor role, with the expectation that a successful candidate will collaborate with cross-functional teams within Fidelity to achieve objectives. Specific responsibilities of the role will include:

Establishing and maintaining an inventory of activities across the enterprise that have a banking nexus, providing a holistic and cross-enterprise view

Providing compliance risk management support to bank-regulated legal entities, including OCC- and state-chartered trust companies

Serving as a compliance subject matter expert with respect to products and services traditionally offered through bank-regulated entities (mortgages, lending, payments, credit cards)

Providing subject matter expertise on bank regulatory topics and monitoring for changes in applicable requirements and guidance

Monitoring adherence to restrictions associated with investments in bank-regulated entities

Supporting the evaluation of new products, services and activities that have a potential banking nexus, identifying and leading the buildout of compliance processes

Supporting periodic assessments against guidance issued by FSOC around the designation of non-banks as a systematically important financial institution (SIFI)

The Expertise and Skills You Bring

Strong background in bank regulatory compliance, including knowledge of FRB and OCC rules and guidance, with an ability to translate standards to concrete situations; experience working at a federal banking regulator preferred

Experience developing, implementing and/or managing compliance activities across large, complex financial services organizations subject to multiple regulatory frameworks

A track record of successfully operating across diverse business units, driving change and influencing stakeholders to enhance awareness of applicable regulations and strengthen risk management processes

15+ years of compliance or related experience at a financial institution, regulatory agency, law firm or major consulting firm

Executive-level presence, with the communication and organizational skills to effectively influence firm leadership on prudent courses of action

Ability to communicate fluently and persuasively, with strong writing skills

Skill at building relationships and navigating readily across large, complex organizations

Savvy strategic thinker who drives innovative regulatory and technology solutions

Collaborates through a proactive/constructive dialogue with senior management, peer leaders, clients, audit committees and regulators

High-energy, positive, and entrepreneurial in spirit, while goal-oriented and results-driven

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 escalate problems

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

The Value You Deliver

Regulatory Compliance – Strengthen compliance risk management processes across a range of bank-regulated entities and activities, enhance awareness of applicable requirements and attendant risks, and build out enterprise-wide processes to track, assess and monitor activities with a banking nexus

Support New Business & Product Growth – Develop flexible and scalable solutions to achieve compliance with applicable rules and guidance while maintaining Fidelity’s strong compliance culture

Leadership – Develop positive relationships with key stakeholders across Legal, Compliance, Risk, other support functions and Business Units and provide leadership to deliver timely and effective risk management solutions

Communication & Metrics – Focus on improving data, monitoring, and reporting by leveraging dashboards and business forums that galvanize leaders to action

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.