Senior Compliance Advisor

Fidelity Investments; United States; On-site; USD 100,000 - 140,000; Full time

Job summary

Fidelity Investments is seeking a Compliance Advisor within TRS to support Defined Contribution testing and regulatory guidance. You will assist associates with daily support, respond to regulatory questions, and prepare discussions with Plan Sponsors, legal counsel, and internal business partners.

Some production work may be required. You will lead through escalated issues, provide sales support, and help implement services while maintaining strong client relationships and delivering regulatory

Qualifications

• Nondiscrimination testing experience required
• Ability to discuss complex regulatory topics with varied audiences
• Ability to multitask client work and project work
• Ability to review test results and understand plan designs
• Strong communication and presentation skills

Responsibilities

• Assist associates with general daily support and regulatory questions
• Prepare for conversations with Plan Sponsors, legal counsel, and internal partners
• Lead through escalated issues and provide regulatory consultation support
• Support sales and assist in implementing services
• Lead testing service team to find solutions for complex issues
• Educate clients on testing results and expectations

Skills

Nondiscrimination testing

Regulatory explanations

Multitask client work

Test result review

Communication skills

Education

Bachelor's degree required

Job description

Job Description:

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

The Role

• In this role, you will assistassociateswith 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 tofind solutions forcomplex compliance issues

• Understanding of theIRSEmployee 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 andkeepdetailed 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 tonegotiate 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

TheSeniorCompliance 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 Supportto clients across all markets in WI. The Compliance Advisor will provide regulatory support and guidance for TRS Analystsand their associated Plan Sponsors. In this role, you will assistassociateswith 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.