Senior Amendment Consultant

Fidelity Investments Inc.; Covington (KY); On-site; USD 110,000 - 140,000; Full time

Job summary

Fidelity Investments Inc. in the United States is seeking a Senior Amendment Consultant to lead teams, resolve complex issues across multiple business units, and provide responses to regulatory inquiries related to amending Fidelity’s preapproved plan documents.

The Senior AC partners with Legal, Compliance, and Client Relationship Management to deliver effective amendments and process improvements. You will oversee auto solutions and vesting consultations, staying current with ERISA, IRC, DOL

Qualifications

• Defined contribution retirement plans experience required.
• Extensive Auto Solutions and Vesting knowledge.
• Experience with Fidelity’s Product Central and XTRAC.
• Familiarity with ERISA, IRC, and DOL regulations for 401(k)/403(b) plans.
• Lead auto solutions and vesting consultations and complex amendments.
• Stay updated on retirement and financial industry regulations.
• Knowledge of Fidelity preapproved plan documents.
• Ability to prioritize based on risk and deadlines.
• Strong written and verbal communication.

Responsibilities

• Lead team to resolve complex issues across business units.
• Define course of action to resolve regulatory inquiries on amendments.
• Coordinate with Legal, Compliance, and clients.
• Oversee planning, process, and project management of complex situations.
• Serve as SME for Auto Solutions and Vesting amendments.

Skills

Defined contribution

Auto Solutions

Vesting

Product Central

XTRAC

ERISA/IRC/DOL regs

401(k)/403(b) knowledge

Negotiation

Communication

Independence

Job description

Fidelity will not provide immigration sponsorship for this position.

Job Description:

The Role

The Senior Amendment Consultant (Senior AC) leads team members to identify, resolve, and address complex issues impacting multiple business units. This role defines a clear course of action to resolve matters and provides responses to complicated regulatory inquiries related to amending Fidelity’s Preapproved Plan documents. The Senior AC analyzes internal process and provides direction to business leaders to enable them to implement process improvement. This role is responsible for planning, process, and project management of complex situations. Consults with Fidelity Legal and Compliance, clients, attorneys, external consultants, and/or Client Relationship Management to address more complex issues involving complicated regulatory inquiries. Reviews existing plan setup to help determine which steps are needed to get to the client’s intended outcome. For Auto Solutions and Vesting consults specifically, the Senior AC serves as a subject matter expert and proposes a solution that fits with Fidelity’s point of view and discusses dependencies and the impact to the client and participants.

The Expertise and Skills You Bring

• Requires defined contribution retirement plan experience

• Requires extensive Auto Solutions and Vesting knowledge

• Previous work with Product Central and XTRAC

• Understanding of ERISA, IRC, and DOL regulations related to 401(k) /403(b) plans

• Assigned to complete auto solutions consults, vesting consults, and higher level complex amendments.

• Stays up to date on news regarding changes in the financial industry, retirement industry, and corresponding regulations.

• Understanding of defined contribution documents, including experience with Fidelity’s 401(k) and 403(b) preapproved documents.

• Knowledge of Fidelity products, services, policies and procedures

• Ability to prioritize workload based on urgency, risk, client expectations, and project deadlines

• Effective time management

• Excellent written and verbal communication

• Strong negotiation skills; ability to articulate a point of view in a compelling and succinct manner

• Ability to work independently in a fast-paced environment and handle large volume of work

• Ability to comprehend and explain technical concepts

• Strong problem solving and client management skills

• Ability to apply knowledge to create working solutions

• Pre-Approved Plan Document experience

The Team

Amendment Consulting supports all WI markets using the preapproved document and partners closely with the Legal, Compliance, Preapproved Program Management, Client Relationship Management, Implementation Project Management, and operational business partners to ensure successful completion of more than 25,000 amendments a year.

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.