Assistant Manager- Portfolio Compliance Monitoring 

Job Description

Title                 Assistant Manager - Portfolio Compliance Monitoring     

Department      General Counsel Shared Services

Location          Gurgaon, India

Reports To       Manager - Portfolio Compliance Monitoring

Level                Assistant Manager

We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our General Counsel Shared Services Team and feel like you’re part of something bigger.

General Counsel

General Counsel (GC) is a trusted advisor to all parts of FIL, providing high-value independent advisory and assurance expertise through our specialist teams. GC comprises of Legal, Risk, Compliance, Tax, and Public Policy & Strategic Relationship Management

General Counsel Shared Services:

The General Counsel Shared services function is a global centre of expertise currently being built out in Dalian and India. It will provide operational support and services to the General Counsel function. Three key verticals of GC shared services are:-

Reporting and Systems- Central hub in GC for all reporting and systems related activities. Operations - This is bouquet of various service offering for GC like Traiinng Admin, support in Europe compliance, information barriers, legal and co sec ops. Investment Compliance- Compliance team in India provides effective monitoring of FIL’s funds to ensure compliance with funds’ mandates and regulatory rules in verticals like Portfolio compliance Monitoring, Investment Management Compliance Advisory and Investment Management Compliance Monitoring.

Portfolio Compliance Monitoring:

The Portfolio Monitoring team is a global function is part of FIL’s Global Investment Compliance and Monitoring department, with teams present in Hong Kong and Gurgaon. The team is primarily responsible for performing End of Day (“EOD”) portfolio compliance monitoring for all retail and institutional products globally managed by FIL as well as coding portfolio restrictions and investment guidelines in compliance monitoring system. The Portfolio Monitoring team also provides compliance guidance and support to FIL’s investment professionals, including Portfolio Managers across all asset classes, Portfolio Support Groups, Investment Risk and Portfolio Analytics teams. In relation to its portfolio compliance monitoring responsibilities, the team also engages with FIL’s institutional services and product management teams and other support functions, including local compliance officers, legal and investment services globally.

Global Investment Compliance:

The Global Investment Compliance (GIC) function provides advice, support, oversight and challenge to teams across Fidelity’s Investment Solutions and Services (ISS) business. Stakeholders include portfolio managers, research analysts, trading desks, corporate finance, institutional teams and their respective support groups.

About your role
You will be playing a key role within the team with respect to the launch of new investment products, take-on process for new mandates and amendments of existing investment guidelines by communicating with various colleagues – within investment compliance as well as externally, on the suitability of the investment restrictions and ensuring that investment restrictions are accurately coded in the Charles River compliance system.

Key Responsibilities

• To support the Global Investment Compliance Team in review, analyse and advise on investment guidelines for FIL’s institutional and retail products
• Investigate the cause of daily alerts/warnings and report compliance breaches across various stakeholders
• Identify, report and follow up on resolution for compliance breaches in-line with internal policy and regulatory requirements
• Onboarding of new clients for investment compliance by understanding the client requirements, interpreting the prospectus / mandate and extracting compliance restrictions to ensure guidelines and restrictions are effectively coded into CRD
• Perform the review of regulatory and client guidelines to ensure accuracy and efficiency of existing rules coded
• Conduct Account Mapping / Review viz a viz applicable rule
• Continuously improve compliance monitoring of guidelines and regulatory rules by assisting with compliance rule testing, new rule development, improving the automated monitoring of rule and ensuring rules are working as intended

• Liaison with the broader Investment Compliance colleagues globally to ensure that investment restrictions coded on the compliance system are correctly interpreted; this may require discussions with Client Services, Relationship Directors, Legal and Product teams
• Prepare documentation to support reviews conducted and to substantiate/demonstrate adequate processes/controls in coding rules and alert monitoring
• Research ad-hoc queries from compliance reporting team to determine if client portfolio is in line with the investment guidelines
• Assist in resolving queries with regional compliance teams
• Perform manual activities which cannot be monitored into Compliance system i.e. CRD
• Assist with ongoing review of relevant processes and procedures to ensure best practice
• Assist in a range of FIL-wide projects or tasks
• Assist with ad-hoc compliance monitoring tasks, as required

Experience and Qualifications Required

• Investment compliance guideline rule coding experience is a must
• Technology Savvy with experience in writing high quality, readable, reusable, testable code
• Proficiency on MS Office application like MS Excel, MS Word and MS Access
• Experience with regulatory environments such as UCITS, SFC, FCA and SEC would be an added advantage
• Strong understanding of portfolio monitoring processes, including the interpretation of client investment management agreements
• 7+ years of experience in working in the investment management industry (preferably in investment compliance) and of investment products
• Good instrument knowledge of equities, fixed income and derivatives
• Be a strategic thinker, possess strong facilitation and data gathering skills
• Effective problem solver, attention to detail and ability to work to tight deadlines under pressure
• CFA or Bachelor of Business or Commerce preferred
• Business-level verbal and written English communication / presentation skills
• Positive team player as well as the ability to work on their own initiative
• Strong self-motivation, organisation, prioritisation, time management, used to adapting to unforeseen changes

Feel rewarded

For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.