Fidelity Investments
New York, NY
+ 1 other location
We are looking for a Regulatory Reporting Data Analyst who will support the regulatory reporting process for Fidelity’s broker dealers and various customer channels as part of the broader Regulatory Reporting group within Fidelity Capital Markets. This group is responsible for collecting, processing, and reporting on a vast amount of trade and customer account data to meet external requirements set by industry regulators (FINRA, SEC, etc.).
In this role, you will assist with data analysis to support a multitude of use cases; responding to institutional customer needs, external regulator inquiries, as well as broader strategic analysis to increase efficiency within the firm’s internal reporting systems and processes. You will be collaborating with business and business partners which report across multiple assets classes with very high levels of regulatory scrutiny. It is important that the right candidate be passionate about hands-on collaboration and proactive problem-solving.
The Value You Deliver
• Analyzing trading and customer identification and account data to assist with daily operational support for regulatory reporting activities, as well as performing proactive data analysis to identify opportunities for improvement within our existing reporting processes.
• Supporting data research and analysis to support teams responding directly to regulator and customer inquiries.
• Identifying data anomalies and/or gaps to understand the source of outstanding reporting issues and working with product and operations teams to define solutions.
• Exploring and implementing AI and Machine Learning solutions to automate, validate, and enhance regulatory reporting processes, improving accuracy and reducing manual effort.
• Supporting data governance, quality control and data mapping documentation across regulatory reporting areas.
• Perform and design acceptance testing as it relates to data quality for systems and applications that support the firm's regulatory reporting activity.
• Bachelor’s degree
• FINRA Brokerage license Series 7 required within 6 months of hire
• Experience with trade and/or customer account data, or regulatory trade reporting (TRACE, MSRB, ACT, EBS, CAT/, Rule 605/606) a plus, but not required
• Proficient with SQL, Oracle databases, Excel and other data visualization tools, as well as general data science knowledge
• Familiarity with AI/ML tools and experience with Python a plus
• Highly analytical with the ability to quickly comprehend large data sets in order to develop new processes, perform calculations, identify anomalies, and/or produce new reporting capabilities
This dynamic team is part of Fidelity’s Capital Markets group. Fidelity, through its broker dealers, is required to send significant amounts of detailed trading and customer account and identification data to various governmental and industry regulators such as FINRA, FINRA CAT, the SEC and MSRB. The Regulatory Reporting group, across several functions, is responsible for performing these duties on behalf of the broader firm. The group ensures this can be done by working closely with business partners such as Trading, Technology, Customer Support teams and Compliance/Legal. The group plays a critical role by ensuring the firm meets stated requirements set by industry regulators and therefore not subject to disciplinary action or fines.
Fidelity’s Onsite Working Model
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.
The base salary range for this position is $80,000-$153,000 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.
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