Compliance Director, Cash Management and Payments

Fidelity•Smithfield, RI

4d•$103,000 - $211,000•Hybrid

About The Position

Compliance Director, Cash Management and Payments The Role The Compliance Director position is a role within the Wealth and Brokerage (W&B) Compliance team, responsible for providing compliance leadership and counsel on regulatory and compliance requirements related to the Fidelity Brokerage Services (FBS) broker-dealer. This role may support a diverse variety of products and service initiatives; however, it will largely be focused on payment capabilities and cash management features. The Team The W&B Compliance team provides compliance support to teams supporting a wide array of investors with services including wealth management, retirement planning, active trading and brokerage services, cash management, college savings, and financial planning and engagement programs. As a key member of the team, you will provide consultation and advice on broker-dealer products and services offerings to help the business achieve regulatory compliance. While the areas of product and service support may vary and evolve over time, this specific role will largely be focused on supporting the firm’s payment capabilities and cash management features. You will design and develop compliance solutions and controls and document policies and procedures to mitigate risk to the broker-dealer.

Requirements

Prior experience with payment capabilities and cash management features, such as debit cards and credit cards and the related regulations is strictly required.
Debit Card experience should include retail (direct to consumer), intermediary advisor managed, and employer sponsored healthcare debit card offerings.
Familiar with and developed a payment/debit card program with a focus on policies and procedures.
Experience in a distributed model with multiple vendors and corporate legal entities involved in the end-to-end payments process and BIN sponsorship agreements.
BA/BS degree required, JD, MBA, or advanced business degree a plus.
10+ years of financial services experience.
5 years in a compliance, risk, or legal role in financial services with an understanding of multiple regulatory rules and requirements (e.g. FINRA, MSRB, SEC, FRB, banking regulations, and state securities laws, etc.).
Strong ability to work and thrive in a fast-paced matrixed framework.
Strong self-starter, collaborator, relationship builder, and strategic problem solver.
Sophisticated ability to understand, research and analyze complex financial, legal, operational, and regulatory requirements.
Identify, escalate and consult on problems and issues across the business unit and develop strategic solutions to address business needs.
Sophisticated presentation skills and an effective communicator; you are skilled at interactions with employees at all levels.
Strong writing skills, with an ability to make complex topics understandable.
Influence key decision makers through a combination of knowledge, reasoning, and relationships.

Responsibilities

provide compliance leadership and counsel on regulatory and compliance requirements related to the Fidelity Brokerage Services (FBS) broker-dealer
support a diverse variety of products and service initiatives; however, it will largely be focused on payment capabilities and cash management features.
provide consultation and advice on broker-dealer products and services offerings to help the business achieve regulatory compliance.
design and develop compliance solutions and controls and document policies and procedures to mitigate risk to the broker-dealer.

Benefits

comprehensive health care coverage and emotional well-being support
market-leading retirement
generous paid time off and parental leave
charitable giving employee match program
educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career

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