Head of Financial Crimes Investigations

Job Description:

Head of Financial Crimes InvestigationsThe Role

Fidelity is seeking an executive to join FCC’s senior leadership team as the Head of Financial Crimes Investigations (FCI). The Head of FCI will report directly to the Head of Financial Crimes / Chief AML Officer and will be the accountable executive responsible for the operating design and implementation of controls designed to investigate potentially suspicious activity transaction monitoring alerts and internal escalations, and the filing of suspicious activity reports (SARs). The Head of FCI will oversight the execution and disposition of all financial crimes related investigations and will lead and provide direction to a team dispersed across multiple Fidelity sites.

The Head of FCI should be an innovative and strategic executive leader who is forward-thinking and capable of driving Fidelity’s FCC program toward sustainable future success. The ideal candidate will possess strong compliance, risk management, process and operational acumen with the ability to implement an environment of continuous program improvement in a fast-paced, highly regulated environment. This leader should also display the ability to anticipate business and market trends and utilize this information to develop long-term strategies that align with Fidelity’s risk profile, vision and goals.

The Expertise and Skills You Bring

• Deep securities industry knowledge with a comprehensive understanding of BSA/AML, Global Sanctions and Global Anti-Bribery and Corruption laws and regulations
• 12+ years of BSA/AML financial crimes compliance or comparable experience at a large financial institution, major consulting firm, regulatory agency, law enforcement, or a combination thereof
• Experience in a senior financial crimes compliance role in the securities and/or asset management industry, with demonstrated ability to operate across diverse business units, innovative product sets, and a broad array of customer segments
• Tech-savvy with proficiency in financial crimes compliance technologies, processes and workflows
• Experience interacting and fostering productive relationships with regulatory agencies such as the SEC, FINRA, FinCEN and NYFDS
• Bachelor's degree in Finance, Business, Law, or a related field is a plus
• Certified Anti-Money Laundering Specialist (ACAMS)/Certified Fraud Examiner (CFE)/Certified AML and Fraud Professional (CAFP) is a plus
• Active Series 7 and Series 24 securities licenses are a plus
• Executive level presence and impeccable communication skills to effectively consult with and influence firm leadership on prudent courses of action
• Proven track record of attracting, developing and inspiring successful teams and managing financial industry compliance operational functions designed for strict, ongoing compliance adherence
• Collaborates through a proactive/constructive dialogue with senior management, peer leaders, committees, and regulators
• Strong leadership skills that embody Fidelity’s Leadership Principles
• Exceptional relationship management skills
• Proven ability to effectively communicate complex business strategies to senior management, with experience in crafting compelling presentations for C-suite audiences
• Ability to navigate sensitive situations and deliver messages with tact and diplomacy 
• Independent problem solver; accountable for, and skilled in, exercising sound judgment
• High degree of integrity and strong work ethic; decisive with orientation toward results; positive demeanor
• Ability to effectively and simultaneously identify, prioritize and address multiple issues and quickly respond to competing and/or shifting priorities

The Value You Deliver

• Implement and lead all aspects of the financial crimes investigations and SAR filing function program across Fidelity legal entities, proactively engaging with business leaders, internal stakeholders and regulatory agencies
• Build an encourage an impactful team by evaluating, hiring and nurturing talent across a team of compliance and investigation professionals while developing needed skills and crafting a culture of inclusion.
• Communicate with credibility and influence to build consensus and galvanize leaders to action by delivering clear, concise, and compelling messages
• Drive continuous improvement of the FCI operating model that includes end-to-end investigative capability from alert/escalation intake, through centralized triage, investigation, internal and external reporting and resultant action, reasonably ensuring increasing sophistication of operational management and resource capacity planning while creating resource fungibility to effectively manage fluctuating volumes
• Development and execution of an FCI location strategy that fosters effective oversight & management of existing staff while also enabling continuous access to skilled talent
• Development and execution of optimization initiatives that improve efficiency through the use of automation, emerging technologies such as AI and process re-engineering while sustaining capability, quality, and timeliness
• Drive development, improvement and ongoing maintenance of key performance indicator (KPI) metrics, and oversight the production of regular reporting that provides insight to program health and operational efficacy for senior management, the FCI team and other internal stakeholders
• Utilize analytics and real-time reporting to monitor adherence to service-level agreements (SLAs) designed to provide insight to program health and operational efficiency
• Assist with internal and external audit and regulatory engagements, including timely issue follow-up/remediation
• Partner with business leaders to promote a collaborative environment that helps the business meet its goals while ensuring compliance is always maintained
• Ability to deftly balance risk management with business unit goals
• Provide senior management, various committees, and governance councils with updates on the status of the FCI Program
• Ability to work and learn quickly in a fast-paced, dynamic environment in the midst of constant competing priorities
• Passionate about providing an unparalleled level of service to Fidelity business units and internal partners

Note: Fidelity is not providing immigration sponsorship for this position

The Team

Fidelity has long believed that it plays a critical role in the protection of the United States financial ecosystem and has consistently endeavored to be proactive in doing so. Fidelity’s Financial Crimes Compliance (FCC) team supports all Fidelity business units (BUs) and is responsible for the execution of controls and processes designed to achieve strict adherence with applicable Bank Secrecy Act (BSA), USA PATRIOT Act (USPA), economic sanctions and anti-bribery and corruption laws and regulations. FCC operates a suite of controls on behalf of Fidelity businesses by harnessing analytics, intelligence, technology, surveillance, and investigation capabilities.

The base salary range for this position is $123,000-$207,000 per year.  

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.   

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home.  These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career.  Note, the application window closes when the position is filled or unposted.

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.

Certifications:Series 07 - FINRA, Series 24 - FINRA

Category:Compliance