Compliance Manager Fcc - Toronto, Canada - Fidelity Investments

Fidelity Investments

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Description

This is a hybrid role with a mix of remote and in-office working

Current work authorization for Canada is required for all openings._

Who We Are

At Fidelity, we've been helping Canadian investors build better financial futures for over 35 years.

We offer individuals and institutions a range of trusted investment portfolios and services - and we're constantly seeking to find new and better ways to help our clients.

As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.

Working with us means you'll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day.

You'll have a wide range of opportunities to grow and develop your career in an inclusive environment where you'll feel valued and supported to be your best - both personally and professionally.

Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market.

We provide trade execution, clearing, custody and back-office support services to Canadian-based brokerage firms and the Canadian brokerage arms of U.S.

based firms.

For more information about Fidelity Clearing Canada, please visit

What We Do

The Compliance Manager will assist the Director, Compliance and the Chief Compliance Officer (CCO) in ensuring that FCC meets all its regulatory requirements in trading, clearing, and custody business.

The Compliance Manager is primarily responsible for the daily operations, including but not limited to AML program, privacy and inquiry responses.

Role will entail representing FCC Compliance on internal project committees on AML and privacy related projects.

In addition, position will involve direct responsibility for regulatory reporting and acting as a backup to other members of the FCC Compliance team.

Position also involves direct responsibility for compliance related testing as well as acting as backup for testing performed by other members of the FCC Compliance team.

Incumbent will be required to lead regular reviews and updates of policies & procedures, will co-lead management and implementation of new compliance initiatives.

Position also involves direct participation, in some cases acting as lead for internal/external regulatory audits. The position reports to Director, Compliance.

How You'll Make an Impact

Anti-Money Laundering- Ensuring all incidents are escalated appropriately to the Director, Compliance and/or Chief Compliance Officer.- Assist with regulatory reporting and monitoring of high-risk items- Developing and updating policy and procedures- Managing the transaction and sanction monitoring programs

Privacy- Analyze, interpret and communicate privacy rules- Update and develop Privacy Policies- Manage Privacy investigations - In conjunction with the Director, will manage privacy investigations of varying magnitudes to ensure FCC follows appropriate regulatory and internal policy/guidelines and provide recommendations

Regulatory review and reporting.- Review and assessment of new IIROC rules, CSA regulations as well as AML and privacy laws.

Compliance and risk support- Advise, train, and develop awareness of compliance related issues among FCC staff which may involve both staff training and support.- Interpret both internal policies and regulatory instruments to resolve both client and staff related issues.- Assist with regulatory audit requests- Complete regulatory reporting such as short position reporting, Large Open Position Reporting and Fixed income reporting.- Update and review existing policies and procedures annually or as required.- Act as a backup for response to regulatory requests.- Assist as required in processing and analysis of risk daily workflow.- Assist in answering wire reviews and escalations- Manage staff registrations and NRD maintenance- Act as a backup for monitoring of employee trading.

Incident escalation and management- Ensure all incidents are escalated appropriately to the Director, Compliance and/or Chief Compliance Officer.- Assist with regulatory reporting of high-risk items to either FINTRAC or IIROC.- Record keeping and retention of all back up materials.- Analyze daily trade activity to resolve flags which are appropriately tracked.- Perform quarterly analytics on flagged orders to identify patterns of abusive trading activity.- Assist with compliance inquiries and work with applicable teams to provide guidance and/or resolution to clients.

CRM II related monitoring and testing- Assist with the development and execution of testing measures for Performance Reporting. Fee Disclosure Reporting, Last vs Bid and Ask pricing discrepancies and statement disclosure.- Participate in CRM II yearly reporting as Compliance contact for the project

What We're Looking For- University Degree in a related field or equivalent experience- 5+ years of experience in broker/dealer relations, compliance, and/or