Compliance Manager FCC
Compliance Manager FCC
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Job Description
Job Description
You will be working on a flexible hybrid schedule as part of Fidelitys dynamic working arrangement.
Current work authorization for Canada is required for all openings.
Company Overview
At Fidelity weve 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 were 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 youll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. Youll have a wide range of opportunities to grow and develop your career in an inclusive environment where youll 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 clearing custody and backoffice support services to Canadianbased brokerage firms and the Canadian brokerage arms of U.S. based firms.
For more information about Fidelity Clearing Canada please visit Opportunity
The Compliance Manager will work closely with the Complex Compliance Manager in managing the endtoend account opening processes related to complex accounts (ie. multilayered entity) including but not limited to trusts foreign entities and other noncommon account structures to ensure all complex accounts are opened efficiently with appropriate documentations in full compliance with QI/FATCA/CRS and other regulatory requirements. The position reports to Director Compliance.
In addition the incumbent may also be involved with assisting the team with daily operations including but not limited to inquiry responses compliance related money & security movement requests responding to regulatory audit and inquiry requests and other duties as may be assigned and related thereto.
What Youll Do
Complex Account Review and oversight
Review and provide guidance and reconciliation to FCC clients to ensure all required documentation and due diligence are completed prior to account opening.
Complete end to end processing to open complex accounts.
Collaborate with cross functional teams to ensure process and knowledge alignment and complex account requests are completed efficiently and in compliance with regulatory requirements.
Provide guidance/answer inquiries relating to QI/FATCA/CRS.
Collaborate with Complex Compliance Manager to create and update procedures relating to complex account opening.
Training and Guidance
Provide training to team members assisting with complex account opening review.
Collaborate with Complex Compliance Manager to develop and maintain training material on complex accounts and provide training to internal teams and clients on best practices and regulatory requirements relating to complex accounts.
Compliance and risk support
Advise train and develop awareness of compliance related issues among FCC employees.
Interpret both internal policies and regulatory instruments to resolve complex issues for FCC and clients.
Collaborate with internal partners to increase process efficiencies.
Assist with monthly pricing review.
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 in compliance inquiries include but not limited to money movement general compliance related questions and escalations.
Incident escalation and management
Ensure all incidents are escalated appropriately to the Complex Compliance Manager Director Compliance and/or Chief Compliance Officer.
Assist with regulatory reporting of highrisk items to either FINTRAC or CIRO.
Record keeping and retention of all back up materials.
CRM II related monitoring and testing
Assist with the development and 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 Were Looking For
University Degree in a related field or equivalent experience
5 years of experience in broker/dealer relations compliance and/or operations with a strong focus on complex account opening KYC QI FACTA CRS and/or regulatory compliance.
Ability to collaborate effectively with crossfunctional teams including operations compliance legal audit and risk.
Ability to work well to deadlines and proactive organized and capable of managing multiple priorities.
Good interpersonal skills especially the ability to work well with partners and senior management to resolve sensitive issues.
Excellent written and verbal communication skills as well as presentation skills.
Detailoriented with strong analytical and problemsolving skills.
High level of proficiency with Microsoft Excel and PowerPoint and good working ability with other Microsoft applications.
Experience in managing crossfunctional projects related to process improvement compliance technology implementations.
French language skills would be an asset.
An understanding of internal controls and their development and testing would be an asset.
What Youll Need
Indepth knowledge of regulatory frameworks related to account opening beneficial ownership KYC and complex client structures.
Comprehensive knowledge of Canadian financial regulations including FINTRAC CIRO CSA QI FATCA CRS and relevant securities law.
Strong interpersonal skills especially the ability to work well with clients key partners and senior management to resolve sensitive issues.
Fidelity Canada is an equal opportunity employer
Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race color religion sex sexual orientation gender identity or expression national or ethnic origin age disability family status protected veterans status Aboriginal/Native American status or any other legallyprotected ground.
Accommodation during the application process
Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation please email us at .
No telephone inquiries or agencies please. We thank all applicants for their interest please be advised that only those selected for an interview will be contacted.
Why Work at Fidelity
We are proud to be recipients of the following:
Awards
Canadas Top 100 Employers
o Greater Torontos Top Employers
o Canadas Top FamilyFriendly Employers
o Canadas Top Employers for Young People
Great Place To Work Certified
o Best Workplaces for Inclusion
o Best Workplaces for Mental Wellness
o Best Workplaces for Todays Youth
o Best Workplaces for Women
o Best Workplaces in Financial Services & Insurance
o Best Workplaces in Ontario
o Best Workplaces with Most Trusted Executive Teams
LinkedIn Top Companies in Canada
Human Resource Director (HRD) Best Place To Work
o HRD 5Star Benefit Program
o HRD 5Star Diversity & Inclusion Employer
Designations
Canadian Compassionate Companies Certified
Benefits Canadas Workplace Benefits Award Future of Work Strategy
TalentEgg National Recruitment Excellence Award Special Award for Diversity & Inclusion in Recruiting
Canadian HR Reporters Most Innovative HR Team
Required Experience:
Manager
Employment Type
Full-Time
