401k Compliance Regulatory NDT Advisor

Fidelity Investments • Westlake, TX

1d

About The Position

This role partners closely with internal and external stakeholders to navigate complex regulatory, testing, and plan design matters. Approximately 75% of the role is advisory and consultative, supporting internal teams and clients through regulatory issues and escalations. The remaining 25% may involve maintaining a limited testing caseload, supporting production activities (including nondiscrimination and three year cycle testing), and partnering with system and strategy teams to assess the impact of regulatory changes on testing processes. The Senior Compliance Advisor role sits within Testing & Reporting Services (TRS) in Workplace Investing (WI). TRS is responsible for delivering plan year end compliance services, including Plan Year End Summary Reporting, Minimum Coverage and Nondiscrimination Testing, Form 5500 preparation, and audit support. The Compliance Advisor functions as a senior regulatory subject matter expert, providing guidance and escalation support to TRS Compliance Consultants and their associated Plan Sponsors.

Requirements

• Bachelor’s Degree Required
• 5+ years of Defined Contribution client service experience, including consulting with plan sponsors, leading through escalated issues, supporting sales efforts, and assisting with service implementation
• Deep expertise in Defined Contribution nondiscrimination testing and plan design
• Ability to review and interpret test results and quickly assess plan design implications
• Strong working knowledge of the Employee Plans Compliance Resolution System (EPCRS) and application of correction methodologies
• Capability to explain complex regulatory topics clearly and effectively to a variety of audiences
• Proven ability to collaborate with Plan Sponsors, legal counsel, advisors, and internal business partners

Nice To Haves

• ASPPA credentials preferred (QKA, QPA)

Responsibilities

• Provide expert guidance on nondiscrimination testing outcomes, regulatory interpretations, and correction strategies
• Educate clients on complex testing results, including General Test, Benefits, Rights and Features Test, and Average Benefit Test
• Support internal teams and clients through regulatory issues and escalations
• Maintain a limited testing caseload
• Support production activities (including nondiscrimination and three year cycle testing)
• Partner with system and strategy teams to assess the impact of regulatory changes on testing processes
• Deliver plan year end compliance services, including Plan Year End Summary Reporting, Minimum Coverage and Nondiscrimination Testing, Form 5500 preparation, and audit support
• Provide guidance and escalation support to TRS Compliance Consultants and their associated Plan Sponsors

Benefits

• 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.
• Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior