Senior Manager, Annual & Additional Defined Contribution Testing
Senior Manager, Annual & Additional Defined Contribution Testing
Job Description
Job Description:
The Role
Supporting internal (Associates, Compliance Consultants, Managing Directors, and Sales) and external (Plan Sponsors, Outside Legal Counsel, Advisors) business partners with employer calculations and additional testing and Regulatory knowledge and experiences.
Educating clients regarding their special testing (General Test, Benefits Rights and Features Test, Average Benefit Test) results
Leading the testing service team to find solutions when complex issues or errors arise.
Assist in setting proper expectations for new clients (sales) and plan sponsor contacts
Building the confidence of clients in Fidelity's services by offering solutions to test failures
The Expertise and Skills You Bring
Bachelor's Degree Required
5+ years of Defined Contribution client service experience required including consultation, ability to lead through escalated issues, provide sales support and assist in implementing services.
4+ years of Defined Contribution nondiscrimination testing experience required
ASPPA credentials - QKA, QPA preferred
In-depth nondiscrimination testing experience
Can review test results and efficiently gain understanding of a plan's design
Understanding of the Employee Plans Compliance Resolution System (EPCRS), and how to apply EPCRS rules to plan corrections
Can discuss and explain complex regulatory topics with any audience, tailoring your delivery to the audience
Collaborate with Plan Sponsors and internal business partners to build consensus
Multitask client work, internal project work, and other responsibilities
Strong organization skills and keep detailed records of your work
Can manage at-risk client relationships
Research topics independently and deliver solutions to complex regulatory issues
Communicate effectively, work well in a team environment, and possess good presentation skills.
Possess great problem-solving skills including the ability to manage escalated issues.
Have the ability to negotiate and influence.
Note: Fidelity is not providing immigration sponsorship for this position
The Team
The Compliance Advisor role resides in Testing and Reporting Services (TRS) within Workplace Investing (WI). TRS provides and completes Employer Calculations and Additional Testing (ECAT), Plan Year End Summary Reporting, Minimum Coverage and Nondiscrimination Testing, Form 5500 completion and Audit Support for the plan's year-end audit. The Compliance Advisor will provide regulatory support and guidance for TRS ECAT Associates and their associated Plan Sponsors. In this role, you will assist ECAT Associates with allocation and 3-year cycle testing general daily support, regulatory questions, and preparation for conversations with Plan Sponsors, legal counsel, and internal business partners surrounding regulatory requirements, results delivery and Compliance Consultant support. A small amount of production may be required
Certifications:
Category:
ComplianceMost roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
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.
Job Description:
The Role
Supporting internal (Associates, Compliance Consultants, Managing Directors, and Sales) and external (Plan Sponsors, Outside Legal Counsel, Advisors) business partners with employer calculations and additional testing and Regulatory knowledge and experiences.
Educating clients regarding their special testing (General Test, Benefits Rights and Features Test, Average Benefit Test) results
Leading the testing service team to find solutions when complex issues or errors arise.
Assist in setting proper expectations for new clients (sales) and plan sponsor contacts
Building the confidence of clients in Fidelity's services by offering solutions to test failures
The Expertise and Skills You Bring
Bachelor's Degree Required
5+ years of Defined Contribution client service experience required including consultation, ability to lead through escalated issues, provide sales support and assist in implementing services.
4+ years of Defined Contribution nondiscrimination testing experience required
ASPPA credentials - QKA, QPA preferred
In-depth nondiscrimination testing experience
Can review test results and efficiently gain understanding of a plan's design
Understanding of the Employee Plans Compliance Resolution System (EPCRS), and how to apply EPCRS rules to plan corrections
Can discuss and explain complex regulatory topics with any audience, tailoring your delivery to the audience
Collaborate with Plan Sponsors and internal business partners to build consensus
Multitask client work, internal project work, and other responsibilities
Strong organization skills and keep detailed records of your work
Can manage at-risk client relationships
Research topics independently and deliver solutions to complex regulatory issues
Communicate effectively, work well in a team environment, and possess good presentation skills.
Possess great problem-solving skills including the ability to manage escalated issues.
Have the ability to negotiate and influence.
Note: Fidelity is not providing immigration sponsorship for this position
The Team
The Compliance Advisor role resides in Testing and Reporting Services (TRS) within Workplace Investing (WI). TRS provides and completes Employer Calculations and Additional Testing (ECAT), Plan Year End Summary Reporting, Minimum Coverage and Nondiscrimination Testing, Form 5500 completion and Audit Support for the plan's year-end audit. The Compliance Advisor will provide regulatory support and guidance for TRS ECAT Associates and their associated Plan Sponsors. In this role, you will assist ECAT Associates with allocation and 3-year cycle testing general daily support, regulatory questions, and preparation for conversations with Plan Sponsors, legal counsel, and internal business partners surrounding regulatory requirements, results delivery and Compliance Consultant support. A small amount of production may be required
Certifications:
Category:
ComplianceMost roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
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.
About Fidelity Investments
At Fidelity, since our founding in 1946, we have been dedicated to strengthening and security our clients’ financial well-being through exceptional service and innovative solutions. We empower over ~50 million people to achieve their most important financial goals, manage employee benefit programs for nearly 24,000 businesses, and support more than 16,000 wealth management firms and institutions with cutting-edge investments and technology. Our diverse business portfolio and independence provide us with a comprehensive view of the market and the stability to deliver long-term value for our customers. As the financial industry evolves and customer needs grow more complex, Fidelity continues to reinvent, innovate, and transform to meet the challenges of tomorrow’s financial landscape.
*Specifically serviced by our Clearing & Custody team within Fidelity Institutional
Fidelity TalentSource, is the in-house temporary staffing provider for Fidelity Investments. Unlike traditional staffing agencies, we are an internal business unit within Fidelity’s Talent Acquisition team, dedicated to recruiting talent from various backgrounds for roles in Fidelity’s regional and investor center locations. Our mission is to help you experience Fidelity’s diverse and inclusive workplace while expanding your skill set and professional network, with the ultimate goal of conversion to full-time employment as part of Fidelity’s long-term strategy. To learn more about temporary positions at Fidelity Investments, visit FidelityTalentSource.com.
Related Jobs
Oregon Lottery
We are looking for an experienced Senior Manager, Human Resources to lead our HR team and serve as the Head of HR for the Lottery. You will partner directly with the C-Suite to lead our people strateg
Treasure's Academy LLC
Are you ready to earn money from the comfort of your own home? This exciting opportunity is perfect for anyone with a variety of skills and backgrounds – whether you’ve been an administrative assistant, data entry clerk, typist, customer service
Comcast brings together the best in media and technology. We drive innovation to create the world's best entertainment and online experiences. As a Fortune 50 leader, we set the pace in a variety of i...
Oregon Lottery
We are looking for an experienced Senior Manager, Human Resources to lead our HR team and serve as the Head of HR for the Lottery. You will partner directly with the C-Suite to lead our people strateg
Treasure's Academy LLC
Are you ready to earn money from the comfort of your own home? This exciting opportunity is perfect for anyone with a variety of skills and backgrounds – whether you’ve been an administrative assistant, data entry clerk, typist, customer service
Comcast brings together the best in media and technology. We drive innovation to create the world's best entertainment and online experiences. As a Fortune 50 leader, we set the pace in a variety of i...
Oregon Lottery
We are looking for an experienced Senior Manager, Human Resources to lead our HR team and serve as the Head of HR for the Lottery. You will partner directly with the C-Suite to lead our people strateg
Treasure's Academy LLC
Are you ready to earn money from the comfort of your own home? This exciting opportunity is perfect for anyone with a variety of skills and backgrounds – whether you’ve been an administrative assistant, data entry clerk, typist, customer service
Comcast brings together the best in media and technology. We drive innovation to create the world's best entertainment and online experiences. As a Fortune 50 leader, we set the pace in a variety of i...
Oregon Lottery
We are looking for an experienced Senior Manager, Human Resources to lead our HR team and serve as the Head of HR for the Lottery. You will partner directly with the C-Suite to lead our people strateg
Treasure's Academy LLC
Are you ready to earn money from the comfort of your own home? This exciting opportunity is perfect for anyone with a variety of skills and backgrounds – whether you’ve been an administrative assistant, data entry clerk, typist, customer service
Comcast brings together the best in media and technology. We drive innovation to create the world's best entertainment and online experiences. As a Fortune 50 leader, we set the pace in a variety of i...
Oregon Lottery
We are looking for an experienced Senior Manager, Human Resources to lead our HR team and serve as the Head of HR for the Lottery. You will partner directly with the C-Suite to lead our people strateg
Treasure's Academy LLC
Are you ready to earn money from the comfort of your own home? This exciting opportunity is perfect for anyone with a variety of skills and backgrounds – whether you’ve been an administrative assistant, data entry clerk, typist, customer service
Comcast brings together the best in media and technology. We drive innovation to create the world's best entertainment and online experiences. As a Fortune 50 leader, we set the pace in a variety of i...
Fidelity Investments would like you to finish the application on their website.
