Senior Manager - Investment Compliance Advisory

Title:                     Investment Compliance Advisory - Senior Manager

Department:        General Counsel (GC)  

Location:             United Kingdom

Reports To:         Head of Investment Compliance Advisory - UK & Europe

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 locations and with over $613 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 Global Platform Services 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 over $613 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. 

Our clients come from all walks of life and so do we.  We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more. 

As a flexible employer, we trust our people to perform their role in the way that works best for them, our clients and our business. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond. 

Department Description

General Counsel (GC) is a trusted advisor to all parts of FIL, providing high-value independent advisory and assurance expertise through our specialist teams. GC comprises of Legal, Risk, Compliance, Tax, and Public Policy & Strategic Relationship Management.

The Global Investment Compliance (GIC) function provides advice, support, oversight and challenge to teams across Fidelity’s Investment Solutions and Services (ISS) business. Stakeholders include fund managers, research analysts, trading desks, corporate finance, institutional teams and their respective support groups.

This is a replacement role which will play an active role in providing regulatory advice & interpretation and compliance support to ISS teams in the UK, Ireland and Continental Europe cutting across all asset classes namely Equities, Fixed Income and Multi-Asset, but may also include Private Assets 

The individual for this role is expected to bring strong technical expertise to the team, particularly focusing to improve the quality and coverage of end-to-end portfolio compliance advice to respective business stakeholders in the UK, Ireland and Continental Europe. The role will help to proactively anticipate, identify and address Investment Management team’s compliance needs and collaborate with other advisory and monitoring leads in GIC, to deliver globally consistent and best in class compliance support

Key Responsibilities

• Collaborate with investment personnel and their support teams to understand their perspective and the impact of investment guideline issues and interpretations on the investment process. You should deliver timely, high-quality compliance advice to Portfolio Management teams and their associated support teams.
• Acts as a partner to Product and Institutional teams, supporting the onboarding/launch of new institutional mandates and products, and consults with other GC and GIC team members to support timely and compliant onboarding/product launch. 
• Demonstrate proficiency on Charles River (CRD), demonstrate experience and ability in interpreting compliance rules coded in CRD, particularly with respect to complex investment strategies, fixed income securities, FX, and derivatives. You should also be able to update and maintain Compliance lists in CRD.
• Assisting with pre-trade alerts and queries in Charles River and maintenance of the restricted list at FIL related to market conduct.

careers.fidelityinternational.com

As an international financial services organisation, we are in-scope of international regulations in the way that we carry out our work. This position is involved in work that is regulated by the FCA and/or the PRA and their Individual Conduct Rules (COCON) apply to it, along with any other regulation. We provide training on COCON and how it affects our employees. More information about COCON can be found in the Employment Handbook. 

• Review the prospectus and IMAs to ensure they are consistent with FIL’s internal guidelines and regulatory requirements as part of new onboarding calls or fund changes
• Understand and articulate differences in local requirements, working across GIC to improve global consistency
• Keep abreast of market trends around client mandates, how they impact portfolio strategy, and how regulators are responding 
• Monitor emerging regulatory rules and announcements and make recommendations around clear policy, procedure and control implications
• Responding to client issues and regulatory inquiries related to Investment Management activities. 
• Work closely with other advisory and monitoring colleagues in GIC, to identify improvement opportunities, actively drive efficiency, consistency and best practice globally 
• Support in designing, implementing and monitoring of compliance metrics and KPIs.
• Ensure ISS mitigates compliance and legal risk by supporting an effective control culture
• Ensure that ISS understand internal compliance capabilities to influence realistic commitment to clients on e.g. monitoring
• Demonstrate high standards of excellence and integrity fully aligned to FIL’s values and objectives
• Contribute to building a high performing team by supporting, coaching and/or mentoring other team members
• Anticipate potential conflict and the need for change, before these negatively impact on delivery

• Develop and maintain a strong peer network as well as productive relationships with senior stakeholders by providing expert support, quick issue resolution & confident challenge
• Represent the wider GIC team across formal committees and strategic project governance forums
• Play an active role in educating stakeholders, to drive sustainable improvements in compliance culture
• Work collaboratively with other GC teams to influence and contribute to the development of Group wide standards

• Self-starter who can work in a fast-paced environment under time critical deadlines with competing priorities and who is able to manage expectations of key stakeholders.
• Excellent communication skills are essential for this role as the role interfaces with many areas within the business and clear, concise and precise advice is essential for those you will interact with.
• Proven track record of delivering investment compliance advice focused on equities, fixed income and multi-asset instruments
• Someone with alternative assets and active ETF experience would be advantageous.
• Deep knowledge of the UK and European regulatory environment
• Strong appreciation of specific, relevant regulation and legislation e.g. UCITS, MIFID, AIFMD, SFTR, EMIR
• Ideally a relevant investment management qualification (e.g. Investment Management Certificate), but not essential.
• Effective influencer, able to build productive relationships, while comfortable challenging and negotiating different viewpoints
• Collaborative problem-solver able to work through ambiguous, shifting and sometimes competing priorities

We will offer you a comprehensive benefits package. We will value your wellbeing and support your development. And we will 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.

careers.fidelityinternational.com

As an international financial services organisation, we are in-scope of international regulations in the way that we carry out our work. This position is involved in work that is regulated by the FCA and/or the PRA and their Individual Conduct Rules (COCON) apply to it, along with any other regulation. We provide training on COCON and how it affects our employees. More information about COCON can be found in the Employment Handbook.