Head of Portfolio Compliance Monitoring
Fidelity International
Hong Kong

About the opportunity

Department Description

Global Investment Compliance

The Global Investment Compliance (GIC) function provides advice, support and oversight to functions across Fidelity’s Investment Solutions and Services (ISS) business.

Stakeholders include Fund Managers, Research Analysts, Trading Desks, Corporate Finance, Product, Institutional teams and their respective support groups.

The Global Investment Compliance function comprises of Portfolio Compliance Monitoring, Investment Management Compliance Monitoring and Investment Compliance Advisory teams.

Portfolio Compliance Monitoring

The Portfolio Compliance Monitoring is a global Compliance function based in Hong Kong and India, and is part of FIL’s Investment Compliance department.

The team is primarily responsible for establishing the control framework for all the retail and institutional investment products managed by FIL globally.

The team performs End of Day ( EOD ) portfolio compliance monitoring for FIL managed funds as well as set-up and code portfolio restrictions and investment guidelines in compliance monitoring system (Charles River).

The Portfolio Monitoring team also provides compliance guidance and support to FIL’s investment professionals. This includes Portfolio Managers across all asset classes, Portfolio Support Groups, Investment Risk and Portfolio Analytics teams.

The team also engages with FIL’s institutional services and product management teams and other support functions, including local country Compliance Officers, Legal and Investment Services teams globally.

Job Overview

Leading the Portfolio Compliance Monitoring function to ensure planning, delivery and execution of monitoring framework in an accurate, efficient and globally consistent manner.

This includes leading the Portfolio Monitoring team's overall responsibility for accurately setting up portfolio guidelines and fund restrictions in the compliance monitoring system and the delivery of high-quality portfolio compliance, and assurance services across all funds and investment products managed by FIL globally.

Key Responsibilities

The ideal candidate will undertake these specific responsibilities :

Management and Leadership

  • Leading FIL’s Global Portfolio Compliance Monitoring team and consciously creating a workplace culture that is in line with Fidelity’s core values and behaviours.
  • Leading continuous development and ongoing management of Portfolio Monitoring framework for FIL to ensure delivery of high-quality monitoring and assurance across all funds and investment products managed by FIL globally in an efficient and effective manner.
  • Ensuring that the portfolio guidelines and corresponding restrictions are set-up in the compliance monitoring system in an accurate and timely manner.
  • Ensuring that where issues are identified and appropriate mitigating actions are recommended to the business and tracked through to completion.
  • Liaising with the broader Compliance team(s) to ensure emerging themes and monitoring review findings are incorporated into broader assurance reports and management information.
  • The identification, assessment and delivery of alternative resourcing and / or technology options with the aim of enhancing the overall effectiveness of the Portfolio Compliance Team.
  • Ensuring the function has appropriate policies, procedures and resources to deliver high quality Compliance support.
  • Contribute to the production of relevant management information in relation to the team’s monitoring activities. This includes working with the Global Head of Investment Compliance & Monitoring to understand how the delivery of reporting and MI can be achieved in a more efficient and consistent manner.
  • Partner with the Compliance advisory team to provides training to investment professionals on investment guidelines / restrictions for specific funds.
  • Research into regulatory developments and assesses monitoring implications on various investment products managed by FIL.
  • Participates and contributes positively to business initiatives (e.g. fund launches) and various ad-hoc projects.
  • Internal & External Relationships

  • Develop positive and professional working relationships with various internal stakeholders across investment management, institutional and other teams within the General Counsel area.
  • Maintain regular contact with industry experts to ensure FIL sustains best practice with regards to the delivery of monitoring activities.
  • Participate in and work with relevant industry bodies and groups in relation to monitoring and assurance initiatives, technologies, trends and proposals.
  • People Management

  • Retain, motivate and develop talent within the team to enable them to deliver on their responsibilities and create an environment in which people can do their best work.
  • Develop successors for all key roles and ensure career plans are in place for team members.
  • Define the role and objectives of direct reports and monitor performance and undertake performance management reviews for direct reports.
  • Ensure that the Portfolio Compliance team receive appropriate internal and / or external training on emerging monitoring and surveillance techniques.
  • As a senior member within the team, operate as a role model and leader within the function and actively support fostering a cohesive, creative, and efficient working environment within the team.
  • Emphasize quality, continuous improvement and high performance within the team.
  • Experience and Qualifications Required

  • Graduate with 10-12 years of practical experience in compliance with a fund management house or regulatory body.
  • Qualified lawyer, accountant or financial analyst (CA, CFA or equivalent) qualification preferred.
  • Expertise in creating Portfolio Compliance controls framework (using CRD or similar tools) is a must.
  • Established knowledge and expertise in relevant financial services regulation, including but not limited to product regulation and investment management regulation and variety of concepts, practices, and procedures related to investment management activities.
  • Effective communication and inter-personal skills. This role must be able to work with team members and internal stakeholders across various levels and in different offices / locations.
  • Experience managing or mentoring junior staff.
  • Enjoys working in a dynamic environment for investments and trading activities.
  • Detail oriented with ability to produce accurate and well-structured reports according to deadlines.
  • Strong analytical skills, problem-solving ability and ability to plan, organise, co-ordinate and work well under pressure and remain motivated while completing routine tasks.
  • Ability to work independently, strong self-motivation, organization, prioritization, time management and used to adapting to unforeseen changes.
  • Strong systems / PC skills to include basic programming skills and use of data extraction / analysis tools (e.g. Excel, Access, Business Object, Oracle).
  • About you

    About Fidelity International

    Fidelity International offers investment solutions and services and retirement expertise to more than 2.56 million customers globally.

    As a privately-held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term.

    Operating in more than 25 locations and with $783.6 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.

    Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance.

    Together with our Investment Solutions & Services business, we invest $567 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures.

    Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more.

    We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.

    We are committed to being a truly flexible employer, encouraging and trusting our people to perform their role in the way that works best for them, our business, our colleagues and our clients.

    We offer the maximum possible flexibility over where and when you work for all, considering your role and any local regulations.

    We call this new approach "dynamic working".

    Find out more about what we do, our history, our new approach of "dynamic working" and how you could be a part of our future at https : / / careers.

    fidelityinternational.com / about-us

    Applying to this Job Role : Please note you are only required to upload your CV / Resume to the application screen.


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