Logo of Huzzle

Home

Matches

Explore

Manage

Chief Compliance Officer, MLRO Fidelity Digital Assets, Ltd.

image

Fidelity Investments

Feb 14

Applications are closed

  • Job
    Full-time
    Expert Level
  • Legal
  • London

Requirements

  • Excellent spoken and written communication skills
  • Ability to influence key decision-makers through a combination of knowledge, reasoning, and relationships.
  • Ability to work collaboratively with different functions and multi-site operations.
  • Ability to analyse, interpret, and communicate regulatory guidance to support business unit initiatives and advise leaders how to proceed from a compliance perspective.
  • Bachelor degree or equivalent (business, legal, finance or securities-related field preferred)
  • 10+ years experience in an asset management or securities related environment, preferably in digital assets and with a solid understanding of regulatory compliance matters.
  • Knowledge of UK regulatory requirements applicable to digital asset firms.
  • Deep understanding of AML/CTF/Sanctions frameworks and the implementation of policies, controls and procedures including KYC requirements

Responsibilities

  • Responsible for compliance with obligations including receipt and oversight of compliance related services for FDA Ltd.
  • Assist FDA Ltd in addressing general and specific compliance matters and with the overall compliance programme (including FCA digital asset requirements). Provide input and identify solutions to senior management concerning compliance issues in a timely and effective manner.
  • Develop, implement and maintain effective policies and procedures; maintain a Compliance Manual and policies to ensure effective coverage of FDA Ltd’s regulatory requirements.
  • Train and advise FDA Ltd’s staff on regulatory requirements and promote compliance awareness.
  • Maintain relationships with local regulators and self-regulatory organisations regarding compliance matters.
  • Evaluate FDA Ltd’s systems and controls for adequacy in identifying compliance or regulatory breaches and communicate breaches and the resolution/status of issues to senior management in FDA.
  • Facilitate regulatory inquiries and examinations, working in co-ordination with compliance colleagues in the UK, US and Ireland.
  • Lead regulatory reports and external inspections and make regulatory filings and applications as appropriate.
  • Liaise with Legal function and external counsel as appropriate on regulatory matters.
  • Maintain open channels of communication with all relevant functional areas (e.g. Ethics Office; Global Sanctions/Anti-Corruption Program Office; Corporate Communications) and report regularly to senior management about activities of FDA Ltd.
  • Work closely with technology team and senior management to define detailed business requirements for systems initiatives aimed at improving the operating efficiencies and monitoring capabilities of the group.
  • Ensuring an effective risk-based AML/CTF/Sanctions Compliance Programme including anti-money laundering, anti-terrorist financing and government and economic sanctions requirements.
  • Maintaining an AML risk assessment framework for the Firm tailored to the Firm's money laundering and terrorist financing risk profile and ensuring adequate policies, procedures and controls are in place that are commensurate with the FDA Ltd assessment of the risks identified.
  • Conducting, assurance testing programme on the AML/CTF controls and procedures of the Firm.
  • Assist in the running of the KYC program of FDA Ltd.
  • Working closely with third party service providers to implement any identified compliance, AML/CTF and financial sanctions related changes to its processes on time and effectively.
  • Responsible for the complete and timely submission of suspicious transaction reports.

FAQs

What is the role of the Chief Compliance Officer at Fidelity Digital Assets, Ltd.?

The Chief Compliance Officer and Money Laundering Reporting Officer (MLRO) is responsible for overseeing, developing, and implementing compliance programs to ensure Fidelity Digital Assets, Ltd. adheres to FCA rules and regulations.

What are the key responsibilities of the Chief Compliance Officer?

Key responsibilities include developing compliance policies, training staff on regulatory requirements, maintaining relationships with regulators, evaluating compliance systems, and ensuring an effective AML/CFT compliance program.

What qualifications are required for this position?

A bachelor's degree or equivalent in a business, legal, finance, or securities-related field, along with 10+ years of experience in asset management or a related environment, preferably in digital assets.

Is experience with digital assets necessary for this role?

Yes, familiarity with regulatory compliance matters specifically related to digital assets is essential.

What skills are needed for a Chief Compliance Officer at FDA Ltd.?

Excellent communication skills, the ability to influence decision-makers, collaboration abilities, analytical skills for interpreting regulatory guidance, and a deep understanding of AML/CTF/Sanctions frameworks are required.

Who does the Chief Compliance Officer report to?

The Chief Compliance Officer reports to the Chief Compliance Officer for Fidelity Digital Assets.

What kind of training will the Chief Compliance Officer provide?

The Chief Compliance Officer will train and advise FDA Ltd.’s staff on regulatory requirements and promote compliance awareness within the organization.

How important is maintaining relationships with regulators for this role?

It is very important; maintaining relationships with local regulators and self-regulatory organizations is a key responsibility of the Chief Compliance Officer.

What will the Chief Compliance Officer do regarding suspicious transaction reports?

The Chief Compliance Officer is responsible for the complete and timely submission of suspicious transaction reports.

What does the compliance program at FDA Ltd. include?

The compliance program includes AML, CTF, sanctions requirements, and KYC processes, tailored to the firm’s money laundering and terrorist financing risk profile.

image

Fidelity Investments

Finance
Industry
10,001+
Employees
1946
Founded Year

Mission & Purpose

At Fidelity, our goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. We do this by focusing on a diverse set of customers: - from 23 million people investing their life savings, to 20,000 businesses managing their employee benefits to 10,000 advisors needing innovative technology to invest their clients’ money. We offer investment management, retirement planning, portfolio guidance, brokerage, and many other financial products. Privately held for nearly 70 years, we’ve always believed by providing investors with access to the information and expertise, we can help them achieve better results. That’s been our approach- innovative yet personal, compassionate yet responsible, grounded by a tireless work ethic—it is the heart of the Fidelity way.

Benefits

  • Commuter benefit program

  • Dependent care flexible spending (FSA)

  • Mental health resources

  • Discount programs for employees

  • Maternity & parental leave

  • On-site health & wellness centers