Senior Compliance Advisor

In this role, you will assist associates with 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. The Senior Compliance Advisor (SCA) 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 to clients across all markets in WI. The Compliance Advisor will provide regulatory support and guidance for TRS Analysts and their associated Plan Sponsors.

Responsibilities

Assist associates with 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; Provide regulatory support and guidance for TRS Analysts and their associated Plan Sponsors; Support internal and external business partners with employer calculations and additional testing and regulatory knowledge; Educate clients regarding their special testing (General Test, Benefits Rights and Features Test, Average Benefit Test) results; Lead 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; Build the confidence of clients in Fidelity’s services by offering solutions to test failures

Requirements

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; In-depth nondiscrimination testing experience; Understanding of the IRS Employee Plans Compliance Resolution System (EPCRS) and how to apply EPCRS rules to plan corrections; Ability to discuss and explain complex regulatory topics with any audience, tailoring delivery to the audience; Ability to multitask client work, internal project work, and other responsibilities; Ability to review test results and efficiently gain understanding of a plan’s design; Strong organization skills and detailed record keeping; Ability to manage at-risk client relationships; Ability to research topics independently and deliver solutions to complex regulatory issues; Effective communication, teamwork, and presentation skills; Strong problem-solving skills including ability to manage escalated issues; Ability to negotiate and influence.

Nice to have

ASPPA credentials - QKA, QPA