Head of Asia Compliance – Asset Management Compliance

Job Description:

The Role

As the leader for the Asia Compliance Team, you will proactively lead support provided to the investment professionals including portfolio monitoring and maintenance of controls for the investment management business to ensure risks and exposures are adequately assessed and mitigated. You will be responsible for collaborating with the teams in the United States to deliver portfolio monitoring, client onboarding and rule management, regulatory reporting, and trade oversight and surveillance for the global investment management activities.

This position facilitates the continuous evolution of Asset Management Compliance (AMC)’s program, while actively identifying and responding to emerging risks and events requiring attention in a dynamic environment driven by service, market, regulatory, process and product changes.

In this role you will build and maintain strong working relationships with Fidelity senior management, providing timely awareness of key risks, issues, and results to Asset Management leaders.

The Value You Deliver

• Act as FMR (Hong Kong)’s Manager-in-Charge for Compliance, Risk Management, Anti-Money Laundering / Counter-Terrorism Financing under Hong Kong Securities & Futures Commission (SFC) jurisdiction

• Provide periodic reporting to the Directors of the Hong Kong Adviser’s board and the Trade Oversight Committee members

• Correspond as vital with the regulators in Asian jurisdictions

• You will manage a team of individuals that are primarily responsible for the following activities:

  • Providing strategic guidance on complex regulatory matters, assessing regulatory developments, and coordinating end-to-end management of regulatory change for Asia in collaboration with the AMC team in the United States

  • Maintaining and building new compliance programs, overseeing various program requirements, including product and adviser compliance in Asian jurisdictions

  • Building a global compliance program to address the advisers’ distribution of products and services in Asian locations

  • Monitoring portfolio investments against regulatory, client, and internal policy limitations and for preventing or detecting potential violations in a timely manner

  • Developing and reporting key results and metrics to senior management and boards as appropriate

The Expertise You Have

• 20+ years of industry-related experience

• MBA, JD or other advanced degree is preferred

• Strong understanding of mutual fund industry, securities markets, and buy-side trading

• Broad familiarity with global requirements for advisers availing products of global distribution

• Solid understanding of Hong Kong SFC regulatory requirements

• A deep understanding of regulatory and corporate compliance matters

• Ability to think, influence and act quickly in response to issues

The Skills You Bring

• Strong leadership skills that embody Fidelity’s Leadership Principles

• Outstanding relationship management, communication, teamwork, and influencing skills

• Proven track record of attracting, developing, and motivating hard-working teams

• Entrepreneurial thinker; accountable for and skilled in exercising good judgment

• High degree of integrity and strong work ethic; orientation toward results; positive demeanor

• Strong analytical, interpersonal, and problem-solving skills

• Proven track record to simultaneously identify, prioritize, and address multiple issues and quickly respond to shifts in priorities

• Must know how to use technology and operations and have a strong process orientation

• Ability to collaborate with others in a team-oriented, fast-paced environment

• Mandarin and/or Japanese language skill is a plus

The Group

AMC works closely with the investment teams across all asset classes reviewing global regulations, investor requirements, and corporate policies in the interest of promoting customer trust and confidence in Fidelity. AMC is committed to driving Fidelity forward through business partnership and stewardship, platform modernization, and talent development. AMC associates are passionate about delivering sound guidance and creative solutions timely to support Asset Management in delivering the best customer experience in the financial services industry.

The International Compliance Team is based in London, Hong Kong and Tokyo and provides direct support to the investment teams in these locations. The team provides services across various global compliance functions in conjunction with the United States based AMC teams.

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