Senior Compliance Advisor

Fidelity Investments · Covington, KY · 2 wk ago

On-siteFinanceFull-time

About the Role

In this role, you will assist associates with general daily support, regulatory questions, and preparation for conversations with Plan Sponsors, legal counsel, and internal business partners surrounding regulatory requirements, results delivery, and Compliance Consultant support. A small amount of production may be required.

Requirements

Bachelor’s degree required
5+ years of Defined Contribution client service experience, including consultation, ability to lead through escalated issues, provide sales support, and assist in implementing services
4+ years of Defined Contribution nondiscrimination testing experience required
ASPPA credentials (QKA, QPA) preferred
In-depth nondiscrimination testing experience
Understanding of the IRS Employee Plans Compliance Resolution System (EPCRS) and how to apply EPCRS rules to plan corrections
Ability to discuss and explain complex regulatory topics with any audience, tailoring delivery to the audience
Strong multitasking skills to manage client work, internal project work, and other responsibilities
Ability to review test results and efficiently gain understanding of a plan’s design
Strong organization skills and ability to keep detailed records of work
Ability to manage at-risk client relationships
Strong research skills to independently deliver solutions to complex regulatory issues
Effective communication, teamwork, and presentation skills
Great problem-solving skills, including the ability to manage escalated issues
Ability to negotiate and influence

Responsibilities

Support internal (Associates, Compliance Consultants, Managing Directors, and Sales) and external (Plan Sponsors, Outside Legal Counsel, Advisors) business partners with employer calculations, additional testing, and regulatory knowledge
Educate clients regarding their special testing results (General Test, Benefits Rights and Features Test, Average Benefit Test)
Lead the testing service team to find solutions when complex issues or errors arise
Assist in setting proper expectations for new clients (sales) and plan sponsor contacts
Build client confidence in Fidelity’s services by offering solutions to test failures

About the Team

The Senior Compliance Advisor (SCA) role resides in Testing and Reporting Services (TRS) within Workplace Investing (WI). TRS provides and completes Employer Calculations and Additional Testing (ECAT), Plan Year End Summary Reporting, Minimum Coverage and Nondiscrimination Testing, Form 5500 completion, and Audit Support to clients across all markets in WI. The Compliance Advisor will provide regulatory support and guidance for TRS Analysts and their associated Plan Sponsors.

Schedule

Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.