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- Tasks: Lead compliance programs and ensure adherence to FCA rules for Fidelity Digital Assets.
- Company: Fidelity Digital Assets is a subsidiary of Fidelity Investments, focused on digital asset management.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Join a cutting-edge team in the digital asset space and make a real impact on compliance.
- Qualifications: 10+ years in asset management with expertise in regulatory compliance and AML frameworks required.
- Other info: Collaborate with global teams and maintain relationships with regulators while shaping compliance strategies.
The predicted salary is between 72000 - 108000 £ per year.
Chief Compliance Officer, MLRO Fidelity Digital Assets, Ltd.
Join to apply for the Chief Compliance Officer, MLRO Fidelity Digital Assets, Ltd. role at Fidelity Investments .
Job Description
The Chief Compliance Officer and Money Laundering Reporting Officer (MLRO) for FDA Ltd. plays a vital role in safeguarding the interests of Fidelity and its clients. The individual will oversee, develop, and implement compliance programs aligned with FCA regulations, including creating and reviewing policies, procedures, and systems to ensure compliance and mitigate risks. Responsibilities also include coordinating projects with internal and external partners, delivering compliance training, monitoring regulatory changes and industry trends, and developing an effective compliance framework. As Head of AML/CFT, the role involves establishing and maintaining anti-money laundering and counter-terrorist financing programs and acting as MLRO.
Key Responsibilities
- Ensure compliance with all obligations, including oversight of compliance services for FDA Ltd.
- Assist in addressing compliance matters and contribute to the overall compliance program, including FCA digital asset requirements.
- Develop, implement, and maintain policies and procedures; manage the Compliance Manual.
- Train staff and promote compliance awareness across the organization.
- Maintain relationships with regulators and self-regulatory organizations.
- Evaluate and report on the adequacy of systems and controls to detect breaches.
- Coordinate regulatory inquiries, examinations, and external inspections.
- Lead regulatory reporting and filings, liaising with legal counsel as needed.
- Maintain communication channels with relevant departments and report activities to senior management.
- Work with technology teams to improve systems for compliance monitoring.
- Implement and oversee AML/CTF/Sanctions compliance programs, including risk assessments and controls.
- Conduct assurance testing of AML/CTF controls.
- Support KYC processes and work with third-party providers on compliance updates.
- Ensure timely submission of suspicious transaction reports.
Requirements
- Excellent communication skills, both spoken and written.
- Ability to influence decision-makers and work collaboratively across functions.
- Strong analytical skills to interpret regulatory guidance and advise on compliance.
- Bachelor’s degree or equivalent in business, legal, finance, or securities-related field.
- 10+ years of experience in asset management or securities, preferably in digital assets, with a solid understanding of regulatory compliance.
- Knowledge of UK regulatory requirements for digital asset firms.
- Deep understanding of AML/CTF/Sanctions frameworks, policies, controls, and KYC requirements.
The Team
This role reports to the Chief Compliance Officer for Fidelity Digital Assets, a dedicated platform for digital assets, and operates as a separate entity within Fidelity Investments.
Certifications
Category: Compliance
Seniority Level
- Executive
Employment Type
- Full-time
Job Function
- Legal
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Chief Compliance Officer, MLRO Fidelity Digital Assets, Ltd. employer: Fidelity Investments
Contact Detail:
Fidelity Investments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Compliance Officer, MLRO Fidelity Digital Assets, Ltd.
✨Tip Number 1
Make sure to stay updated on the latest FCA rules and regulations related to digital assets. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance in this rapidly evolving field.
✨Tip Number 2
Network with professionals in the compliance and digital asset sectors. Attend industry conferences or webinars to connect with key players and gain insights that could be beneficial for your application and future role.
✨Tip Number 3
Familiarize yourself with Fidelity Digital Assets' current compliance programs and any recent news about their initiatives. This will allow you to tailor your discussions during interviews and show that you are genuinely interested in their operations.
✨Tip Number 4
Prepare to discuss specific examples from your past experience where you successfully implemented compliance programs or managed regulatory challenges. Highlighting these experiences can set you apart as a strong candidate for the Chief Compliance Officer position.
We think you need these skills to ace Chief Compliance Officer, MLRO Fidelity Digital Assets, Ltd.
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Chief Compliance Officer and MLRO position. Familiarize yourself with compliance frameworks, AML/CFT regulations, and the specific requirements for digital assets.
Tailor Your CV: Highlight your relevant experience in compliance, particularly in asset management or securities environments. Emphasize your knowledge of UK regulatory requirements and any previous roles that involved developing compliance programs or training staff.
Craft a Strong Cover Letter: In your cover letter, clearly articulate your understanding of the compliance landscape in digital assets. Discuss how your skills and experiences align with the responsibilities outlined in the job description, particularly your ability to influence decision-makers and work collaboratively.
Showcase Communication Skills: Since excellent communication skills are crucial for this role, provide examples in your application that demonstrate your ability to communicate complex regulatory guidance effectively. Mention any experience you have in training or advising teams on compliance matters.
How to prepare for a job interview at Fidelity Investments
✨Showcase Your Regulatory Knowledge
Make sure to demonstrate your understanding of UK regulatory requirements, especially those related to digital assets. Be prepared to discuss how you have previously navigated compliance challenges and implemented effective policies.
✨Highlight Your Experience in AML/CTF
Given the importance of anti-money laundering and counter-terrorist financing in this role, share specific examples of how you've developed and maintained AML/CTF programs. Discuss any successful initiatives you've led that minimized risks.
✨Communicate Effectively
Since excellent communication skills are crucial, practice articulating complex compliance concepts clearly and concisely. Be ready to explain how you would influence key decision-makers and promote compliance awareness within the organization.
✨Demonstrate Collaborative Skills
This role requires working closely with various teams. Prepare to discuss instances where you've successfully collaborated across functions or with external partners to achieve compliance objectives. Highlight your ability to build relationships and work in multi-site operations.
