Senior Manager – MLRO Office (Kingswood, Surrey) recruitment

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 Global Oversight and Assurance

Consisting of Subject Matter Experts with many years’ FIL and industry experience, the group’s primary function of this role is to provide education, independent challenge, assurance, and reporting on the system of risk management and internal control across FIL for those areas of subject matter expertise.

Purpose of Role

This full time, temporary cover is expected to maintain the ongoing role of the existing Senior Manager within the MLRO Office including oversight of group policy, providing advice to the business and group wide local MLROs and carrying out specific group AML related project work throughout 2012.

This experienced AML practitioner is expected to maintain the following policies: AML Country Risk Assessment, Group Distribution Guidance, PEP Guidance and Sanctions Policy as well as the MLRO Intranet as changes are required. 

There is additional project work which requires delivery in 2012 including an enhanced AML Monitoring and Assurance framework and Global Risk Assessment programme.

The candidate will be expected to support the Group MLRO on day to day matters including attending specific meetings, ensuring that preparation documents are written and where requested, that minutes and actions are recorded. Also required is the maintenance of the Group MLRO Office Objectives on a monthly basis. This support will include consolidating and writing MLRO reports on a periodic basis as required (currently twice per year).

The candidate will be required to liaise at senior levels within the organisation to ensure that Group AML Policy is adhered to and monitored and where exceptions arise, provide clear written advice.

Candidates would benefit from an in-depth knowledge of the Fund Management business in order to provide the most efficient and beneficial support to the function.

Skills and experience

• More than 5 years’ industry experience and/or significant FIL experience. 

• A broad and detailed understanding of the products and processes underpinning FIL’s business model.

• An in depth understanding of the relevant regulations faced by the organisation within their area of expertise. 

• A wide network of contacts within the organisation or industry to enable efficient and successful influencing in order to achieve appropriate and effective escalation, education and communication of issues, risks and control failures.

Essential Skills

• An ability to think holistically and an inquisitive and questioning mind. 

• The ability to assimilate large amounts of data and distil into key messages or themes for analysis. 

• The ability to analyse and assess situations and business models, identifying the inherent risks and the obstacles that need to be overcome, generating effective strategies and tactics.

• The ability to communicate with staff and external parties at all levels, and to present a clear, credible and measured opinion. 

• An ability to distil and apply the requirements of regulation and the impact of regulatory change within the sphere of expertise on the FIL business.

• Demonstrates a high degree of integrity and appreciation of the core FIL values.

• Highly business literate with sound business judgement. 

• A good listener with self-confidence, who asks the right questions.

• A clear communicator who gains the confidence of the key stakeholders.

• A credible personal presence with the ability to instil confidence on both an internal and external basis. 

• Able to build strong relationships with peers and business counterparts.

• Ability to look at issues objectively.

• Able to manage multiple issues, with the ability to work through influence as well as authority. 

• Ability to respond professionally and credibly to industry consultations.

Desirable Skills

• Good report writing skills.

• Funds industry knowledge.

• Proactive and efficient in nature.