Job Description
Title Legal and Compliance Associate Director
Department Legal and Compliance
Location Tokyo, Japan
Reports To Head of Legal and Compliance, Japan
Level 7
We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our Legal and Compliance team and feel like you’re part of something bigger.
About your team
Fidelity International holds the integrity of its business dealings as one of the core values of the organization and therefore the role that the legal and compliance function fulfils is critical. The Department works in partnership with other businesses, support and operation areas to ensure that all the appropriate regulatory controls are in place efficiently and effectively through day-to-day advice, trainings and regular/ ad-hoc compliance monitoring. The Department also be engaged in various initiatives and projects to develop/enhance businesses by proactive collaboration across the functions locally and internationally. It does also work with local regulators, government bodies and industry associations in influencing and shaping future requirements to protect investors.
About your role
The position will be expected to be an integral part of the Japan and Asia regional Business Legal and Compliance function, which in turn is an integral part of Fidelity’s Global Oversight function. The position requires a candidate with a genuine interest in the compliance aspects of financial services work, with the strength and vision to develop a top-flight, business focused, proactive compliance function, working across business disciplines to provide focused and clear, commercially oriented advice to the businesses with the highest integrity.
To develop our partnership with the Business and provide value-added services
- Build and establish excellent working relationships with business/operation to ensure operational effectiveness within the boundaries of regulation
- Partner with, and offer value-added advice to, the business and as well as to functional support areas on regulatory and compliance issues, and lead compliance projects with minimal supervision
- Support the business through providing regulatory advice in structuring products and business models/services
- Prepare and review reports to senior management and relevant boards and committees
- Review, advise and monitor the quality of marketing materials
- Complete (or coordinate the completion of) regulatory filings
- Review and keep all regulatory status, such as business and individual registrations are fully met with all relevant requirements and apply/obtain any additional regulatory status where necessary
To educate, influence and lead on key regulatory risks and control issues
- Proactively identify, resolve and communicate compliance issues and trends with stake holders
- Assess impacts and implications of regulatory developments, including consultation papers on rule changes
- Develop and conduct training and education programme on compliance related matters to reinforce compliance principles
To enhance the oversight/ assurance framework to ensure compliance controls are appropriately applied
- Design and develop appropriate strategies to ensure legal and regulatory requirements are fully met and aligned with business needs
- Develop and implement compliance procedures to ensure operational effectiveness and to produce reports for management information
- Work effectively with other Oversight functions to drive forward Oversight initiatives throughout Asia Pacific and Global
- Identify current regulatory gaps/ compliance weaknesses and propose improvement measures
- Review and monitor possible Conflict of Interests and assess proper mitigation is in place
- Drive forward interpretation and implementation of relevant rules and regulations governing Fidelity’s business operations – particularly where new rules are introduced that require assessment of their impacts across Fidelity’s operations
- Assist with the development of client take-on and anti-money laundering policies (in conjunction with the AML Officer) and privacy policies (in conjunction with the Privacy Officer)
- Investigate incidents and complaints (in conjunction with the Complaints Officer) to ensure closure of issues
To work closely with regulators and other third parties in ensuring the integrity of the Company
- Develop and maintain excellent working relationship with all levels of the regulators and industry associations and represent Fidelity’s interests
- Liaise with regulators and draft responses to regulatory enquiries
- Review and keep all regulatory status, such as business and individual registrations are fully met with all relevant requirements and apply/obtain any additional regulatory status where necessary
- Proactively assist management in progressing Fidelity’s lobby agenda
- Independently respond to routine and ad-hoc compliance requests from internal and external sources
- Perform a role to support managers for liaising with officers at the time of regulatory inspections /audits
About you
- 10 to 15 years working experience in compliance/ regulatory assurance/ risk functions for asset management business in the financial industry. Business compliance experience is preferred
- Excellent interpersonal communication skill at all levels junior to senior management
- Verbal and written communication skill both in Japanese and English is mandatory
- Strong analytical skills, problem-solving ability and high attention to detail
- Investigative and questioning nature
- Team player who is sensitive to the needs of the functional business units
- Self-starter with a can-do attitude who is able to work as part of a team
- Ability to multi-task and prioritize in a demanding and fast-paced environment
- Good IT skills (including Microsoft Office, leveraging AI)
Feel rewarded
For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.
For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.
Top Skills
What We Do
Fidelity International offers investment solutions and services and retirement expertise to more than 2.5 million customers globally. As a privately held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 countries and with $739.9 billion* in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.
Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $567 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures.
*Data as of 31 March 2021
