Director, Brokerage Compliance

Job Category: Accounting/Finance/Insurance Career Level: Manager (Manager/Supervisor of Staff) Location: Jersey City, NJ Status: Full Time, Employee Company: Fidelity Reference Code: 0711723 Director, Brokerage Compliance Business Overview: National Financial Services (NFS) is one of the largest clearing firms in the country and part of the Fidelity Brokerage Company family. NFS clears for various types of firms, including institutional, full service, independent, bank affiliated and discount broker-dealers. NFS carries accounts for millions of individuals and seeks to build long lasting relationships with its' intermediary clients by supporting their growth and success through various innovative initiatives. Position Description:This position will be responsible for supporting the Self Clearing Organization platform through Fidelity Brokerage Company by providing advice and support relative to compliance with securities regulations specifically in the area of supervision and operational issues.  This position will design, develop and maintain compliance programs to support the business units and their reporting systems. Primary Responsibilities:  Consult with the business units to conduct oversight relative to compliance Strategically consult in the review, development and implementation of existing and new products, procedures and policies to ensure compliance with rules and regulations Identify and implement best practices Review and approve compliance training and communication.  Oversees on-going analysis, evaluation and research of issues to ensure daily operating compliance by maintaining expert knowledge of existing and new regulations in order to address compliance regulatory concerns Partner with Legal, Risk and Compliance counterparts Maintain awareness of regulatory environment, escalate issues as appropriate and provide guidance and support to the business unit Periodic meetings with the business units to address agreed upon items or issues for resolution Develop and maintain written supervisory procedures and design and deliver training programs as appropriate to address internal controls Implement or amend policies and procedures in response to regulatory developments or regulations as well as inform and educate business units of such developments. Assess the impact of new and existing product and service initiatives will have to supervisory systems and initiate steps with business units to amend and enhance such systems.Education and Experience: Bachelor's degree required 5-10 years of compliance experience within the brokerage industry requiredSkills and Knowledge: Series 7 and 24 preferred; must be obtained within 90 days of hire Excellent written and verbal communication skills Ability to write effective policies and procedures Must be flexible and able to work under strict deadlines Strong interpersonal skills and ability to influence PC proficiency, MS Office Company Overview:  Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.0 trillion, including managed assets of $1.4 trillion as of February 28, 2007. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 23 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm.