Job Description
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Oversight Manager
Hong Kong Compliance
Head of Compliance, Hong Kong and PRC
Dalian
Permanent
SE (Senior Executive)
About Fidelity Worldwide Investment
Fidelity Worldwide Investment is an asset manager serving investors in all corners of the world outside North
America. It was established in 1969 and manages all significant asset classes for institutional and retail investors
in long-term savings products. Fidelity and its subsidiaries employ over 5,400 people in 23 countries managing
US$255.9 billion worldwide.
Fidelity’s investment style relies on fundamental research of companies and a strict bottom-up portfolio
construction discipline. This means Fidelity’s analysts and portfolio managers look closely at a company’s
balance sheet and future plans; meet regularly with and question its management; and then speak to its
competitors, suppliers, customers and anyone else who might give them information that helps to assess
whether the investment is a good one. Every investment in every portfolio is selected on its merit and ability to
contribute to a better return.
The same can be said of its employees, who are encouraged to take intelligent risk in order to make small
improvements that cumulatively improve the business. Fidelity is independent, not a subsidiary of a big bank or
other institution, and is privately owned. This means that it can take long-term investment decisions rather than
chase the next quarterly results as a listed company might. Fidelity believes its independence is a considerable
advantage that benefits its customers.
As well as investment management, Fidelity distributes the funds of other managers through its
FundsNetworkTM platform, administers pension schemes, and has interests in various other enterprises in
Europe and Asia. For further information please visit www.fidelityrecruitment.com
About Compliance Department
Fidelity International holds the integrity of its business dealings as one of the core values of the organisation and
therefore the role that the compliance function fulfils is critical. The Department works in partnership with the
business to ensure that all the appropriate regulatory controls are efficient and effective. The Department also
works with local regulators and government bodies in influencing and shaping future requirements to protect
investors.
Purpose of your role
To provide Compliance advice with respect to compliance matters in PRC and to conduct assurance review on
the Dalian operations.
Your key accountabilities
To develop partnership with the Business and offer value added services
 Provide compliance input to business and operation initiatives (ad hoc and project participation)
 Respond to routine and ad-hoc requests from internal and external parties
 Independently conduct regular training sessions on key internal and regulatory compliance requirements
 Oversee licensing applications and ensure that employees hold appropriate licenses
 Complete (or coordinate the completion) of regulatory filings
 Work closely with relevant Business channels, exercising oversight and formulate appropriate workflows with
sufficient checks-and-balances to facilitate the launch of new initiatives
 Offer value-added advice to the business on oversight issues, and lead oversight projects
 Oversee the process for monitoring fund-related documentation and client communication materials to
appropriately manage potential regulatory, AML, Privacy, security and reputation risks
To act as the compliance monitoring specialist, and design assurance programmes to ensure
compliance with regulations and Fidelity internal policies
 Design and execute risk-based assurance monitoring to ensure compliance with Fidelity internal policies and
regulations
 Develop and implement oversight processes to ensure operational effectiveness and produce metrics for
management information and control
 Identify improvement areas and put forward practical and compliant solutions
 Provide full support to regional oversight initiatives
 Assist Ethics Office to promote Fidelity’s Code of Ethics program
To oversee implementation of the relevant AML requirements at a working level and respond to
enquiries on internal AML and account opening policies
 Review AML related policies and liaise with regional AML office to ensure that the policies comply with
relevant regulatory requirements
 Answer ad-hoc queries in relation to account opening, account maintenance and fund dealing matters in
consultation with the local MLRO
To enhance the oversight and assurance framework to ensure oversight controls are appropriately
applied
 Formulate appropriate action plans to address anomalies and strengthen compliance and oversight controls
where necessary
 Identify current gaps and/or weaknesses and propose rectification measures
To educate, influence and lead on key oversight risk and control issues
 Proactively identify, resolve and communicate oversight issues and trends
 Assess implications of regulatory and oversight developments
 Conduct training on oversight related matters to reinforce oversight principles
To work closely with third parties in ensuring the integrity of Fidelity
 Liaise with Head of Business Compliance, HK and other Local Compliance Officers and regional functions
as required to assist regulatory enquiries (e.g. HK SFC / MPFA/ CSRC/Japan FSA)
 Independently respond to routine and ad-hoc requests from internal and external sources
 Liaise with trustees, external and internal auditors as necessary
Your skills and experience
 Undergraduate degree (preferably finance, law or accounting) with at least 5 years’ of working experience
with international accounting firm, financial organisation or regulatory body
 Background in compliance / audit / regulation would be an asset
 Understanding of PRC regulations and the investment funds industry would be an asset
 Excellent command of English / Chinese, knowledge of Japanese has an added advantage
 Strong analytical skills, problem-solving ability and attention to detail
 Team player who is sensitive to the needs of the functional business units
 Good inter-personal skills
 Ability to work in a fast-paced environment
 Good PC skills to include Microsoft Word and Excel
Fidelity Values
Think like an entrepreneur
Earn the client’s trust
Act with integrity
Make it happen
* Assets and Resources as at 30.06.11