Compliance Analyst

Fidelity; Covington (KY); On-site; USD 65,000 - 85,000; Full time

Job summary

Fidelity is seeking a Compliance Analyst (Associate) in the Workplace Investing Compliance team. The role focuses on guiding business partners on regulatory requirements and ensuring products meet applicable laws and Fidelity policies.

The position collaborates with Legal, Risk, Product and other functions to influence product decisions and support effective compliance across employee benefit plans and customer solutions. Onsite role based in Covington, KY.

Qualifications

• Bachelor’s degree, or equivalent.
• Experience in employee benefits industry required.
• Experience in compliance, risk management, and/or financial services is preferred.
• Knowledge of federal laws, regulations, and agencies governing business lines supported (e.g., ERISA, DOL, IRS) is strong.
• Ability to apply critical thinking to understand, interpret and apply regulatory and legal requirements.
• Strong interpersonal and influencing skills, including collaboration across the organization.
• Strong verbal and written communications skills - ability to present ideas clearly.
• Proven track record to identify, analyze and resolve problems independently.
• Detail oriented and well organized to prioritize work and meet timelines.
• Reading and understanding business communications, policies and regulations.
• MS Office suite including SharePoint.

Responsibilities

• Provide guidance to business partners on key rules and regulations.
• Ensure products and services comply with applicable laws and Fidelity policies.
• Engage with Legal, Risk, Product and other teams to inform product decisions.
• Help ensure Fidelity products meet ERISA, DOL, IRS and other regulations.
• Develop enhanced reporting to measure program effectiveness.
• Respond to regulatory inquiries for workplace accounts/products.

Skills

Verbal & written communication

Interpersonal skills

Critical thinking

Collaboration

Detail oriented

Education

Bachelor’s degree or equivalent

Tools

Microsoft Office

SharePoint

Job description

Risk Management

Compliance Analyst

Fidelity is transitioning to a full-time onsite working model in phases by region and role. See job description for more information.

Onsite

Location

• Covington, KY

Team

• Risk Management

Experience Level

Associate

Job Description:

Compliance Analyst

Note: Fidelity will not providing immigration sponsorship for this position.

The Role
Are you a rule follower and an innovator? As a member of Workplace Investing (WI) Compliance, you can be part of a team of compliance professionals that does both!!

Come be part of a team of compliance professionals helping to invent the future of Fidelity by supporting a wide array of initiatives providing better ways for employers to successfully handle employee benefits, and for customers to handle their financial needs. You will be providing guidance to business partners on the key rules and regulations that must be followed when building innovative solutions for our clients and customers. You will be helping to ensure that the innovative solutions that our business partners build for clients adhere to applicable key rules, regulations, and policies.

This role within WI Compliance works closely with partners in Legal, Risk, Product and other business functions to help ensure that products and services offered by Workplace Investing to employee benefit plans, employers, and customers meet relevant ERISA, DOL, IRS, specific federal, state, and local and other applicable laws, regulations, directives and standards pertaining to Fidelity. In this role you will engage with team members and managers to inform and influence key product and process decisions to help ensure compliance.

The Expertise and Skills You Bring

• Bachelor’s degree, or equivalent.
• Experience in employee benefits industry required.
• Experience in compliance, risk management, and/or financial services is preferred.
• Knowledge of federal laws, regulations, and agencies governing business lines supported (e.g., ERISA, Department of Labor, Internal Revenue Service) is strong.
• Ability to apply critical thinking to understand, interpret and apply regulatory and legal requirements.
• Strong interpersonal and influencing skills, including ability to collaborate across the organization, with peers and management, to deliver results.
• Strong verbal and written communications skills - ability to present ideas and complex information clearly and effectively through multiple channels.
• A proven track record to identify, analyze and resolve problems independently, and call out matters when appropriate.
• Detail oriented and well organized to effectively prioritize your work queue and meet timelines.
• Enjoys reading and understanding business communications, policies and regulations.
• Microsoft Office suite of applications, including SharePoint, are some of the many tools in your toolbox.
• Providing compliance guidance for existing products and services.
• Monitoring, reviewing and disseminating requirements of new laws, regulations and other guidance applicable to employee benefit plans and the products offered in the areas of accountability.
• Providing decision support to resolve compliance issues that arise in the business.
• Responding to regulatory inquiries for workplace accounts/products.
• Drafting and reviewing policies and procedures for specific compliance content.
• Developing enhanced reporting driving visibility & measurement of program effectiveness.

Fidelity’s Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

Certifications:

Category:

Compliance

Please be advised that 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. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

Benefits that balance life and work

From our fully paid parent leave to our on-site health and wellness centers, our benefits support the belief that more balance you have, the better you can achieve your goals.

Company overview

Company overview

At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experience.

Reasonable accommodations

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 Accommodation Team by sending an email to [e-mail], or by calling 800-835-5099, prompt 2, option 3.

Equal opportunity employer

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.

Applicant screening

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

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