Senior Compliance Advisor

Fidelity•Covington, KY

1d•Onsite

About The Position

In this role, you will assist associates with general daily support, regulatory questions, and preparation for conversations with Plan Sponsors, legal counsel, and internal business partners surrounding regulatory requirements, results delivery and Compliance Consultant support. A small amount of production may be required. The Senior Compliance Advisor (SCA) role resides in Testing and Reporting Services (TRS) within Workplace Investing (WI). TRS provides and completes Employer Calculations and Additional Testing (ECAT), Plan Year End Summary Reporting, Minimum Coverage and Nondiscrimination Testing, Form 5500 completion and Audit Support to clients across all markets in WI. The Compliance Advisor will provide regulatory support and guidance for TRS Analysts and their associated Plan Sponsors.

Requirements

Bachelor’s Degree Required
5+ years of Defined Contribution client service experience required including consultation, ability to lead through escalated issues, provide sales support and assist in implementing services.
4+ years of Defined Contribution nondiscrimination testing experience required
In-depth nondiscrimination testing experience
Understanding of the IRS Employee Plans Compliance Resolution System (EPCRS), and how to apply EPCRS rules to plan corrections
Strong organization skills and keep detailed records of your work
Communicate effectively, work well in a team environment, and possess good presentation skills.
Possess great problem-solving skills including the ability to manage escalated issues.
Have the ability to negotiate and influence.

Nice To Haves

ASPPA credentials - QKA, QPA preferred
A small amount of production may be required.

Responsibilities

Assist associates with general daily support, regulatory questions, and preparation for conversations with Plan Sponsors, legal counsel, and internal business partners surrounding regulatory requirements, results delivery and Compliance Consultant support.
Collaborate with Plan Sponsors and internal business partners to find solutions for complex compliance issues.
Discuss and explain complex regulatory topics with any audience, tailoring your delivery to the audience.
Multitask client work, internal project work, and other responsibilities.
Review test results and efficiently gain understanding of a plan’s design.
Manage at-risk client relationships.
Research topics independently and deliver solutions to complex regulatory issues.
Support internal (Associates, Compliance Consultants, Managing Directors, and Sales) and external (Plan Sponsors, Outside Legal Counsel, Advisors) business partners with employer calculations and additional testing and Regulatory knowledge and experiences.
Educate clients regarding their special testing (General Test, Benefits Rights and Features Test, Average Benefit Test) results.
Lead the testing service team to find solutions when complex issues or errors arise.
Assist in setting proper expectations for new clients (sales) and plan sponsor contacts.
Build the confidence of clients in Fidelity’s services by offering solutions to test failures.