Capital Markets Regulatory Reporting Associate Analyst

Department Overview

Fidelity’s broker-dealers, National Financial and Fidelity Brokerage Services, are required to send significant amounts of detailed trading data to various governmental and industry regulators such as FINRA, the SEC and MSRB. The regulators use this information to monitor brokers, and their customers for front running, insider trading and other illegal trading behaviors.  Working with Trading Managers, Operations Staff, Compliance and Technology teams, the Regulatory Reporting group is responsible for the review and analysis of this data and the related business and system flows related to TRF, MSRB, TRACE, OATS, INSITE, Rules 605 and 606, Electronic Blue Sheets, and LOPR to ensure its accuracy and completeness.   Issues with regulatory reporting can lead to inquiries, disciplinary action or fines.

The Expertise We’re Looking For

• Bachelor's Degree in Accounting, Finance or other related field
• You have 3 to 4 years of Capital Markets or Financial Services Experience

• Brokerage industry experience, preferably in trading or middle/back-office operations

• Working knowledge of equity, fixed income, and derivative products
• Strong understanding of basic accounting principles, brokerage accounting, and securities settlement and custody preferred

The Purpose of Your Role

All analysts in the Regulatory Reporting team are responsible for understanding the core businesses of Fidelity Capital Markets, how the systems work and inter-relate, the various operational flows supporting the different trading desks and the reporting requirements of different products. This understanding is essential to determining the overall accuracy of the reporting provided to the regulators

The Data Analyst works within a team responsible for ensuring the overall integrity of trade and position reporting submitted to the regulators for Fidelity broker dealers, National Financial and Fidelity Brokerage Services. You will be working closely with members of the FCM businesses (trading and operations), FI Compliance and Fidelity Brokerage Technology to identify data points that may have been incorrectly transmitted to the regulators. 

The Skills You Bring

• Strong communication and relationship building skills.
• Must be a detail oriented individual, capable of thriving in a fast paced environment.
• You have demonstrated the ability to proactively identify, analyze and solve problems
• You have the ability to work both independently and in a team environment.
• You are able to build and maintain professional relationships with various teams both external and internal to Fidelity.
• Must possess the desire to learn all aspects of the department's functions, as well as the up and down stream impacts of actions taken within the department. In addition, should have an interest in the overall market

The Value You Deliver and Primary Responsibilities

• Provide operational support for the Boston Regulatory Reporting team consistent with defined procedures and compliance rules.
• Reconcile trade data between multiple systems.
• Supporting the Compliance team in responding to inquiries, audits and/or exams from regulators in a timely manner.  Providing requested data and expertise in determining the accuracy and completeness of the reporting submitted. 
• Assist in the development, testing and implementation of new procedures, products, and technologies aimed at improving overall operations.

Other

Available to work from 8:30am – 5:00pm

Able to work Irish Bank holidays and have US Bank holidays off

Able to allow for flexibility with working hours

Experience working within Global team