Compliance Officer

Job Description:

Purpose/Objective:

This individual has a significant role in protecting the interests of the Fidelity organization and its clients. The individual will oversee, develop, evaluate, and implement programs to support investment and research activities for Fidelity's managed portfolios and activities in Japan, at least initially to be focused on equity. This will include a continuous review of policies, procedures and systems utilized to ensure compliance and minimize risks. This individual will also identify and co-ordinate projects with internal and external business areas. This individual will be responsible for leading and evaluating regulatory compliance training and development of the Investments and Administrative staff and promotes goals of an effective compliance program. Additionally, this individual will work closely with senior management to analyze current industry trends, internal developments and compliance issues to determine the scope of department activities and to develop new programs as needed.

Major Responsibilities and Activities:

• Responsible for on-site compliance and procuring of compliance related services for FMR (Japan).
• Responsible for verification of compliance with investment guidelines; monitoring the status of legal prohibitions regarding investment activities; and management with the Ethics Office of personal account dealing of securities for FMR (Japan).
• Assist FMR (Japan) Management Committee in addressing general and specific compliance matters and with the overall Japan compliance program. Provide input and identify solutions to senior management concerning compliance trends and potential issues in a timely and effective manner.
• Develop, implement and maintain effective departmental policies and procedures; maintain a Compliance Manual and policies to ensure effective coverage of Japan regulatory requirements.
• Train and advise FMR (Japan) staff on regulatory requirements and promote compliance awareness.
• Manage relationships with local regulators and self-regulatory organizations regarding compliance matters.
• Evaluate FMR (Japan)'s systems and controls for adequacy in identifying compliance or regulatory breaches and communicate compliance breaches or issues or the resolution/status of issues to senior management in FMR (Japan) and to the FMR Co. LLC's Compliance Officer in the U.S.
• Liaise with colleagues in the investment management industry about matters of mutual interest and participate in, as appropriate, relevant industry associations (e.g., Japan Securities Investment Advisers Association).
• Facilitate regulatory inquiries and examinations, working in co-ordination with the FMR Co. LLC's Compliance Officer and AMC personnel.
• Manage regulatory reports and external inspections and make regulatory filings as appropriate. Manage investment related regulatory application process for FMR (Japan) and local employees.
• Oversee periodic regulatory reporting in Japan (e.g., tax, financials and fee assessments).
• Ensure portfolio monitoring coverage and oversight for portfolios managed in Japan, co-ordinating with AMC colleagues in other offices (e.g., Hong Kong, London, U.S.) and recommend enhancements as appropriate.
• Ensure that FMR (Japan)'s premises are appropriately secure and that confidential, non-public information (e.g., price sensitive information) and client privacy are sufficiently safeguarded against unauthorized access or leakage.
• Liaise with FMR (HK) Compliance and Control Room teams on information barrier process and case analyses. Act as the contact point for AMC and Legal, and conduit to external legal counsel on issues relating to price sensitive information.
• Keep current with relevant Japan regulatory requirements and developments applicable to investment management firms and employees.
• Liaise with Legal and external counsel as appropriate about specific and general regulatory matters.
• Work with Compliance and Legal personnel, as appropriate, to periodically monitor FMR (Japan)'s compliance with Japan regulatory requirements and to evaluate activities of FMR (Japan) employees as required.
• Maintain open channels of communication with all relevant functional areas (e.g., Equity Research and Investments; Ethics Office; Global Sanctions/Anti-Corruption Program Office; Corporate Communications) and report regularly to FMR Co. LLC and FMR (Japan) senior management about activities of FMR (Japan).
• Organize and manage periodic FMR (Japan) Board of Directors and management committee meetings.
• Assist AMC in the U.S. with updates of the FMR (Japan)'s SEC investment adviser registration Form ADV and other relevant disclosure documents.
• Work closely with technology team and senior management to define detailed business requirements for systems initiatives aimed at improving the operating efficiencies and monitoring capabilities of the group. Provide input to prioritization of initiatives.
• Contribute to and/or lead initiatives in support of individual, department and AMC goals.

• FMR HK Compliance team - daily interaction regarding investment compliance, investment management, research, trading and information barrier related matters.
• AMC Portfolio Monitoring and Product & Rule Management teams - regular interaction regarding fund related and Japan specific questions/issues.
• Investment Professionals - day-to-day interaction with portfolio managers and research analysts to ensure that investment limits are understood, and queries/issues are resolved in an appropriate and timely manner.
• Finance and Corporate Treasury - communicate (e.g., cash management and tax-related Compliance matters) and participate in cross-functional initiatives as appropriate.
• Legal - Work with Legal on matters such as tax issues, information barriers, Complex Securities and various Investment Company Act, ERISA and Japan regulatory interpretations.

• Fluency in Japanese and English is a must - spoken and written communication skills at a very high level, including board meeting presentations.
• Bachelor degree or equivalent (business, finance or securities-related discipline preferred) or relevant job experience.
• A post-graduate degree from a top-tier school is highly preferred but not required.
• 7-10 years' experience in an asset management or securities related environment, preferably in a registered financial instruments business or a registered financial institution under FIEA in Japan with a solid understanding of regulatory compliance matters.
• Knowledgeable about Japan FSA regulatory requirements applicable to investment management firms.
• Good understanding of research, investment, trading and portfolio monitoring processes.
• Understanding of fund monitoring techniques including use of compliance systems preferred.
• A team player with good inter-personal skills.
• Ability to work collaboratively with different functions and multi-site operations.
• Credibility and professional presence to interact effectively with investment professionals at all levels.
• A self-starter who is assertive, independent and a global thinker.
• Management experience a plus.