Compliance Manager FCC

Overview

You will be working on a flexible hybrid schedule as part of Fidelity’s dynamic working arrangement. Current work authorization for Canada is required for all openings.

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

The Compliance Manager will work closely with the Complex Compliance Manager in managing the end-to-end account opening processes related to complex accounts (e.g., multi-layered entity), including but not limited to trusts, foreign entities, and other non-common account structures, to ensure all complex accounts are opened efficiently with appropriate documentation in full compliance with AML, 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.

• 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 assistance with various client account documentation.
• Provide guidance/answer inquiries relating to QI/FATCA/CRS.
• Collaborate with Complex Compliance Manager to create and update procedures relating to complex account opening.

• 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.

• 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.

• 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, including but not limited to money movement, general compliance related questions and escalations.

• Ensure all incidents are escalated appropriately to the Complex Compliance Manager,…