Manager, Broker-Dealer Compliance Oversight- Pyramis Global Advisors

Job Category: Accounting/Finance/Insurance Career Level: Manager (Manager/Supervisor of Staff) Location: Smithfield, RI 02917 Status: Full Time, Employee Company: Fidelity Reference Code: 0802451 Manager, Broker-Dealer Compliance Oversight- Pyramis Global Advisors Business Overview:Pyramis Global Advisors, a Fidelity Investments company, is an investment management firm focused on serving institutional investors including corporate and public retirement funds, endowments, foundations, and other institutions, as well as non–U.S. investors. Pyramis offers active and risk-controlled domestic equity, international equity, fixed-income, high yield, real estate, and alternative strategies including equity market neutral and 130/30 disciplines. As of December 31, 2007, assets under management totaled approximately $164 billion. Position Description:Reporting to the Chief Compliance Officer of Pyramis’ broker-dealer unit, Pyramis Distributors Corporation (“PDC”), the Manager of Broker-Dealer Compliance Oversight is responsible for key aspects of the day-to-day oversight of the FINRA compliance program for PDC, including the maintenance of an appropriate supervisory infrastructure within the Pyramis business unit.  The focus of the securities compliance program is to (i) help ensure business unit procedures used in providing services to our clients are consistent with applicable securities laws, SEC/FINRA rules and regulations, and Fidelity policies and procedures; (ii) provide Pyramis registered associates with the information and tools needed to help ensure compliance; and (iii) foster an overall culture of regulatory compliance within Pyramis.  Primary Responsibilities: Manage broker/dealer-specific requirements of compliance oversight program including: registration & licensing, maintenance and execution of FINRA Rule 3012/3013 requirements, development of written supervisory procedures and related controls Provide daily support and technical assistance for the Broker-Dealer and Investment Adviser Advertising / Sales Literature Review and ensure that appropriate securities rules and standards are consistently applied. Perform daily oversight and reporting activities relative to firm-wide Fiduciary Oversight and Personal Trading policies. Coordinate Privacy Policy oversight activities within Pyramis and among certain channel distribution partnersMonitoring and Oversight Collaborate with Pyramis and Fidelity risk, compliance, and legal personnel/team leaders/managers to identify, resolve and/or escalate issues in a timely and effective manner. Communicate the resolution /status of issues to management and recommend/implement solutions to remedy situation. Participate in working groups to develop recommendations and propose/implement solutions to management concerning compliance trends and potential issues. Risk Mitigation Recommend and assist in drafting revisions to policies and procedures to ensure that the compliance testing and oversight processes are executed in an effective and well-controlled environment. Attend new product and distribution channel meetings to help ensure compliance issues are identified and addressed early in the product life cycle. Assist with the development, implementation and maintenance of effective communication and reporting programs designed to promote FINRA/SEC compliance awareness and reduce the likelihood of compliance issues. Training Assist with development and execution of the Pyramis’ annual compliance training program which includes broker-dealer firm element and continuing education training (including Code of Ethics, Business Entertainment & Workplace Gifts, Inside Information,  Political Contributions, Anti-Money Laundering, LM10, registered reps and Supervisory Principal training) Project ManagementEducation & Experience Bachelors Degree required; advanced degree preferred. FINRA Series 7 and 24 preferred (or ability to obtain these licenses in 90-120 days) Minimum 5-7 years experience in compliance, legal, risk management, audit or with a regulatory agencySkills / Knowledge  Knowledge of broker-dealer regulations and business processes desired. Strong analytical and problem-solving abilities and attention to detail. Organizational skills with proven ability to multi-task and manage high volumes, often under tight time constraints. Proven ability to establish and maintain strong relationships with demanding clients and senior personnel. Understanding of B-D compliance policies and procedures, with an understanding of oversight techniques including compliance systems Strong oral and written communication and presentation skills Personal integrity and professionalism A team player with good interpersonal skills, assertiveness, diplomacy and ability to work independentlyCompany overview:Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.3 trillion, including managed assets of more than $1.5 trillion as of January 31, 2008. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 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. Pyramis will be headquartered in our Smithfield, RI facility.  This role will be moving to Smithfield, RI in September of 2008.