Note: Fidelity will not provide immigration sponsorship for this position.
The VP, Compliance position is a leadership role within the Wealth and Brokerage (W and B) Compliance team, responsible for providing compliance leadership and counsel on regulatory and compliance requirements related to Fidelity Brokerage Services (FBS) and working in close collaboration with related business units. This role will serve as the central cross-business unit compliance contact for design, governance and oversight for personal card services products offered by Fidelity focusing on a number of areas including, but not limited to, a framework to comply with Regulation E, compliance obligations with respect to fraud and dispute handling, complaint management, customer protection obligations and card-specific controls.
Prior experience with personal card services and cash management features, such as debit cards and credit cards and the related regulations is strictly required.
Debit Card experience should include retail (direct to consumer), intermediary advisor managed, and employer sponsored healthcare debit card offerings.
Familiar with and developed a payment/debit card program with a focus on policies and procedures.
Experience in a distributed model with multiple vendors and corporate legal entities involved in the end-to-end payments process and BIN sponsorship agreements.
Experience with programmatic design and support, including reporting on the state of the program, status of development towards long-term initiatives, and potential watch areas.
BA/BS degree required, JD, MBA, or advanced business degree a plus.
10 years of financial services experience.
5 years in a compliance, risk, or legal role in financial services with an understanding of multiple regulatory rules and requirements (e.g. FINRA, MSRB, SEC, FRB, banking regulations, and state securities laws, etc.).
Strong ability to work and lead in a fast-paced matrixed framework.
Strong self-starter, collaborator, relationship builder, and strategic problem solver.
Sophisticated ability to understand, research and analyze complex financial, legal, operational, and regulatory requirements.
Identify, escalate and consult on problems and issues across the business unit and develop strategic solutions to address business needs.
Sophisticated presentation skills and an effective communicator; you are skilled at interactions with employees at all levels.
Strong writing skills, with an ability to make complex topics understandable.
Influence key decision makers through a combination of knowledge, reasoning, and relationships.
The Wealth and Brokgerage Compliance team provides compliance support to teams supporting a wide array of products and services including wealth management, retirement planning, active trading and brokerage services, cash management, college savings, and financial planning and engagement programs. As a key member of the leadership team, you will provide consultation and advice on payment/debit card programs, cash management features, broker-dealer products and services offerings to help the business achieve regulatory compliance. While the areas of product and service support may evolve over time to support changes in the business, this specific role will largely be focused on supporting the firm’s personal card services and cash management features. You will oversee the design and development of compliance solutions and controls to mitigate risk to the broker-dealer.
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 $125,000-258,000 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. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
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.
Compliance
