Manager, Regulatory Reporting Operations

Fidelity; United States; On-site; USD 74,000 - 141,000; Full time

Benefits offered by this job

Onsite work model

Bonus potential

Comprehensive benefits package

Job summary

Fidelity seeks an Analyst, Regulatory Reporting Operations to ensure accurate trade and position reporting for regulators across National Financial Services and Fidelity Brokerage Services. You will partner with trading desks, operations, compliance and technology to maintain reporting integrity.

You will analyze data, understand regulatory changes, build relationships with stakeholders, and help implement new rules across reporting platforms.

Qualifications

• Experience with broker/dealer trade and position reporting and regulations.
• Strong data analysis skills to identify issues and drive solutions.
• Proficient in SQL and understanding of databases (Snowflake/Oracle).
• Knowledge of regulatory reporting requirements and order routing impact.

Responsibilities

• Interface with trading desks, operations, compliance and tech teams to ensure accurate regulator reporting.
• Analyze data and regulatory changes; implement updates to reporting processes.
• Build relationships with internal/external partners and support inquiries/audits.
• Lead or participate in projects to improve reconciliation and reporting robustness.

Skills

SEC Rules 605/606

CAT

MSRB

TRACE

ACT

Series 7

SQL

Excel

PowerPoint

Communication

Time management

Tools

Snowflake

Oracle

Job description

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 Expertise and Skills You Bring

• 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.
• Identifying issues through complex analysis; developing solutions and driving to resolution.
• 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.
• Ability to 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.
• Acting 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.
• Supporting 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.
• Supporting technology projects relating to regulatory reporting systems by developing and documenting user requirements, user acceptance test plans and post-production validation

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.

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.

The base salary range for this position is $74,000-141,000 USD per year. Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home.