Senior Legal Counsel, China AMC

Job Description

Title                 Senior Legal Counsel, China AMC

Department      General Counsel - Legal

Location          Shanghai

About Fidelity International China Business

China is a critical, long-term market for Fidelity International. We have been investing in Mainland Chinese companies for over 20 years and we aim to build a new, modern and digitally-based local asset management firm over the long term.

As a leading global financial institution, Fidelity International is a pioneer in China’s asset management industry. Since 2004, we’ve built up 3 offices in Shanghai, Dalian and Beijing. Currently we are a proud employer of over 1,500 staff in China. In January 2017, Fidelity was the first global asset manager to register with the Asset Management Association of China (AMAC) as a private fund management (PFM) company.

In December 2022, Fidelity International was granted the Permit to Conduct Securities business in China by the China Securities Regulatory Commission (CSRC). With the approval, Fidelity International will be able to commence a wholly-owned mutual fund business in China and serve a wider group of investors in the country with a consistent approach as we operate in every market in the world.

We have been making continuous efforts to introduce our extensive experience in the pension business globally into China. With strategic partnerships with key local players, as well as through our own digital platforms, we strive to conduct effective investor education and share our pension investment expertise to, ultimately, enhance Chinese people’s retirement readiness and financial wellness.

Fidelity International is also keen to play as a critical force driving positive changes for China’s financial industry. We are committed to working closely with the Chinese regulators and partners to foster a robust industry eco-system and supporting China to further grow its influence in the global financial market.

About your role
This position is designed to provide insight to day-to-day AMC Product, Distribution, Operation and other projects and initiatives, integrating compliance and legal expertise to manage and minimise compliance and legal risks.  You will be a key member of China legal team working closely with your peers to provide excellent legal and compliance support on AMC matters.

You will also participate in advising on China regulatory matters including the CSRC and other relevant regulatory authorities and will support compliance matters where necessary.

You will also work closely with your peers across the AP and global teams. You will work closely with our external legal panel making smart and targeted use of internal and external resources.

This is an exciting opportunity to be part of a high performing legal team working in a fast-developing Fidelity office guiding our key activities.

About you

Strategic Partner

• Leverage legal and compliance expertise to deliver business outcomes and take precautions with the ability to work through influence as well as authority, using a combination of knowledge, reasoning and relationships. Partner and build networks across businesses, levels of management advising the implementation strategy of product related regulatory requirements in China.
• Partner with legal peers to handle potential legal disputes.
• Follow up on regulatory developments, keep internal stakeholders posted of the latest regulatory changes and provide gap analysis where applicable.
• Effectively manage vendor on filings with Administration for Market Regulation etc.
• Advise on CSRC, AMAC and other regulations in relation to Fidelity’s activities in China including all products, distribution activities and projects.
• Partner with and support compliance team to ensure compliance.
• Work closely with key internal stakeholders using a practical and outcome-driven approach to challenges. 
• Present complex information in a concise and effective way.
• Engage in strategic conversations with consideration for the global and enterprise-wide context of issues and decisions.
• Set direction with focus, actively interacting with internal and external stakeholders to understand their needs delivering clear goals and priorities.
• Demonstrate a commercial approach and sound legal judgement, analyse and assess situations, identify the inherent legal and compliance risks and ensure the protection of Fidelity and its clients by taking mitigation measures. 

Collaborator

• Partner with legal peers to promote a consistent approach and application of standard procedures and practices across legal.
• Partner with key internal stakeholders to ensure Fidelity takes an active role in responding to and implementing change in an increasingly complex and demanding regulatory environment.
• Partner with general counsel group peers ensure consistent and integrated delivery across general counsel functions for China.
• Develop and maintain strong relationships with the external legal panel, industry bodies and associations.

Experience and Qualifications Required

• Over 5 years of legal working experience, PRC lawyer qualification is preferred.
• Familiar with regulatory requirements in China in relation to mutual fund industry
• Great level to details and manage priorities
• Strong ownership mindset with business consciousness
• Excellent communication and coordination skills
• Confident and professional style with clients and regulators
• Proficiency in English both in writing and in oral. 
• Appreciate cultural difference of working in a multinational firm.

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.