Manager, Regulatory Reporting Operations

Fidelity Investments•Boston, MA

2d•$74,000 - $141,000•Onsite

About The Position

The Role Do you want to make a difference in our customers’ lives and be part of a highly collaborative, cross-functional team committed to ensuring the accuracy of the firm’s Regulatory Reporting Platforms within Fidelity Capital Markets? We are looking for an Analyst, Regulatory Reporting Operations who works within a team responsible for ensuring the overall integrity of trade and position reporting submitted to the regulators for National Financial Services and Fidelity Brokerage Services. You will act as a primary interface between trading desks, operations teams, compliance, systems development teams and other business partners that have an impact on Regulatory Reporting. You will play a key role in ensuring reporting obligations have been met through thoughtful data analysis and deep understanding of regulations and our trading infrastructure. In addition, you will maintain positive relationships with internal and external partners to gain knowledge of new rules or interpretations and implement internally to ensure compliant reporting. The Team This dynamic team is part of Fidelity Capital Markets. Fidelity’s broker-dealers, National Financial and Fidelity Brokerage Services, are required to send significant amounts of detailed trading data to various governmental and industry regulators such as FINRA CAT, the SEC and MSRB. The Regulatory Reporting group plays an integral role in ensuring that all trading activity has been accurately reported to the Regulatory agencies. The team’s directive is to analyze and identify issues or discrepancies in our reporting programs and work closely with the Operations and Technology teams to deliver a solution to address these. Issues with reporting can lead to inquiries, disciplinary action or fines.

Requirements

Experience with the trade and position reporting requirements of a broker/dealer including but not limited to SEC Rules 605 and 606, SEC Rule 613 Consolidated Audit Trail (CAT), MSRB, TRACE, and ACT.
Working knowledge of broker/dealer Customer and Account Information systems preferred.
Working knowledge of SQL and Snowflake / Oracle databases preferred.
Understanding complex order routing flows and their impact to downstream systems.
Understanding the various regulatory requirements of a broker dealer as it relates to trade and position reporting.
Series 7 required within 6 months of hire
Ability to build and maintain professional relationships with various teams both external and internal to Fidelity.
Excellent verbal and written communication skills and the ability to present material to senior leaders as well as peers.
Team-player mentality, willing and able to shift priorities based on team needs, contributing to larger team goals and deliverables.
Microsoft Office applications, particularly Excel and PowerPoint
Strong time management and prioritization skills
Demonstrated ability to lead and/or actively participate in projects and drive positive results.

Nice To Haves

Working knowledge of broker/dealer Customer and Account Information systems
Working knowledge of SQL and Snowflake / Oracle databases

Responsibilities

Act as a primary interface between trading desks, operations teams, compliance, systems development teams and other business partners that have an impact on Regulatory Reporting.
Play a key role in ensuring reporting obligations have been met through thoughtful data analysis and deep understanding of regulations and our trading infrastructure.
Maintain positive relationships with internal and external partners to gain knowledge of new rules or interpretations and implement internally to ensure compliant reporting.
Identify issues through complex analysis; developing solutions and driving to resolution.
Craft new reconciliation methods to proactively identify discrepancies in data across several reporting platforms and analyze the details available in disciplinary actions and industry fines to identify areas for improvement in our existing procedures.
Act as subject matter authority to internal and external business partners on regulatory reporting requirements.
Be aware of upcoming rule changes and understand impact to both operational and system flows, identifying system and/or process flow changes needed.
Support the Compliance team in responding to inquiries, audits and/or exams from regulators in a timely manner by providing requested data and expertise in determining the accuracy and completeness of the reporting submitted.
Support technology projects relating to regulatory reporting systems by developing and documenting user requirements, user acceptance test plans and post-production validation.