Senior Compliance Advisor

Fidelity Investments; Covington (KY); On-site; USD 90,000 - 130,000; Full time

Job summary

Fidelity Investments in Covington, KY seeks a Senior Compliance Advisor to support Defined Contribution plans by answering regulatory questions, guiding conversations with Plan Sponsors and legal counsel, and coordinating compliance testing. Bachelor’s degree required; 5+ years in Defined Contribution client service; 4+ years nondiscrimination testing.

This onsite role involves collaboration with internal teams, leading through escalated issues, and applying EPCRS rules.

Qualifications

• Bachelor’s degree is required.
• 5+ years of Defined Contribution client service experience.
• 4+ years of Defined Contribution nondiscrimination testing experience.
• ASPPA credentials (QKA, QPA) preferred.

Responsibilities

• Assist associates with general daily support and regulatory questions.
• Prepare for conversations with Plan Sponsors, legal counsel, and internal partners on regulatory requirements and results delivery.
• Lead through escalated issues and provide sales support for implementing services.
• Contribute to compliance testing and related activities as needed.

Skills

Defined Contribution knowledge

Regulatory consultation

Client service leadership

Issue escalation management

Education

Bachelor's degree

Tools

ASPPA credentials

Job description

Job Description

Note: Fidelity will not provide immigration sponsorship for this 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.
• 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

Job Description

Note: Fidelity will not provide immigration sponsorship for this 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.
• 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
• ASPPA credentials - QKA, QPA preferred

The Role

• 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.
• 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
• ASPPA credentials - QKA, QPA preferred

The Skills You Bring

• In-depth nondiscrimination testing experience
• Collaborate with Plan Sponsors and internal business partners to find solutions for complex compliance issues
• Understanding of the IRS Employee Plans Compliance Resolution System (EPCRS), and how to apply EPCRS rules to plan corrections
• Can discuss and explain complex regulatory topics with any audience, tailoring your delivery to the audience
• Multitask client work, internal project work, and other responsibilities
• Can review test results and efficiently gain understanding of a plan’s design
• Strong organization skills and keep detailed records of your work
• Can manage at-risk client relationships
• Research topics independently and deliver solutions to complex regulatory issues
• 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.

The Value You Deliver

• Supporting 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.
• Educating clients regarding their special testing (General Test, Benefits Rights and Features Test, Average Benefit Test) results
• Leading 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
• Building the confidence of clients in Fidelity’s services by offering solutions to test failures

The Team

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. 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.

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.