$100000 - $115000 Year
Monday to Friday
Day shift
Health insurance
Paid time off
Employee discount
Dental insurance
Vision insurance
401(k)
401(k) matching
Flexible schedule
Parental Leave
Tuition reimbursement
Flexible spending account
Retirement plan
Others
At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity encouraging an environment where employees can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective. Fitch is also committed to supporting its employees by advancing conversations around diversity, equity and inclusion. Fitch’s Employee Resource Groups (ERGs) have been established by employees who have joined together as a workplace community based on similar backgrounds or life experiences. Fitch’s ERGs are available to connect employees with others within the organization to offer professional and personal support.
With our expertise, we are not only creating data and information, but also producing timely insights from every angle to influence decision making in this ever changing and highly competitive market. We have a relentless hunger to innovate and unlock the power of human insights and to drive value for our customers. There has never been a better time to make an impact and we invite you to join us on this journey.
Associate Director/Director – Regulatory Compliance and Legal
Given the overlapping duties of the Regulatory Compliance and Legal teams, Fitch Group is actively seeking a Director or Associate Director level candidate to jointly support the Regulatory Compliance and Legal teams to be based in New York or Chicago.
The Regulatory Compliance team is responsible for acting as the primary point of contact for Fitch Group’s regulators, and managing the inquiry and examination process. It is also responsible for making regulatory submissions, filings, notifications and disclosures to regulators. It further addresses compliance-related questions and issues from staff, and provides advice in enhancing policies, procedures and controls. Lastly, it is responsible for analyzing, investigating and handling conduct-related complaints and internal incidents. Regulatory Compliance is divided into four regional teams: North America; Latin America; Europe Africa & Middle East; and Asia Pacific.
The Legal team is responsible for addressing the legal issues involved in the operations of Fitch Group. It provides guidance on corporate, transactional, litigation and regulatory matters. It also reviews and drafts transactional documents, internal policies and procedures and regulatory filings. The Legal team is comprised of 13 attorneys based in 5 cities: New York, London, Madrid, Hong Kong and Tokyo.
The successful candidate will join the Regulatory Compliance North America (“NAM”) team, and will have a dual reporting line to the NAM Head of Regulatory Compliance, who is based in Chicago and a Deputy General Counsel, who is based in New York.
The individual will work closely with his or her Regulatory Compliance and Legal colleagues in New York and in the other regions, along with Business Relationship Management, Operations, Human Resources and other internal support and control functions. The individual will gain an understanding of both Fitch Group’s business and operations, and the rules and regulations under which it operates.
What We Offer:
The Compliance Department’s mission is to deliver a proactive, globally harmonized but locally anchored compliance risk management program designed to facilitate delivery of high-quality products and services in a manner that meets regulatory expectations, industry best practices and Fitch Group’s Code of Conduct. Compliance is comprised of four main teams: Regulatory Compliance, Personal Conflicts Monitoring, Compliance Testing & Monitoring and Compliance Data, Systems & Metrics.
The Legal Department’s mission is to not only provide timely, informed counsel to its clients that enables them to properly evaluate the legal implications of Fitch Group’s issues, but also to draft the documents and review the transactions associated with the operation of its business.
We’ll Count on You To:
Regulatory Matters: (i) providing advice and guidance to Fitch Group on compliance with relevant laws, rules and regulations, including US, UK and EU laws and regulations, (ii) assisting with and responding to regulatory examinations and inquiries, involving among other entities, the SEC, ESMA and FINRA and (iii) supporting as needed, Fitch Group regulatory filing obligations with regulators, including the SEC, ESMA and the FCA;
Internal Reviews and Investigations: conducting internal reviews and investigations designed to analyze and resolve internal incidents, and complaints from third parties, relating to a breach of a law, rule regulation or internal compliance requirement, and coordinating and reporting on the Compliance Department’s incident and complaint handling process globally;
Managing Compliance Policies and Procedures: creating new policies and amending existing policies where necessary and managing the annual review process;
Compliance Training and Communications: creating new training and amending existing training where necessary; managing mandatory Compliance training modules; creating annual bespoke training and managing the process of presenting that training; creating ad hoc Compliance communications to stakeholders throughout Fitch Ratings;
Corporate Secretarial: (i) maintaining and preparing corporate minute books, (ii) handling routine corporate secretarial work (e.g. preparing secretarial certificates), (iii) obtaining apostilles for documents to be provided to foreign counterparties and (iv) assisting with the organization and preparation of board books for quarterly board meetings;
Litigation Matters: (i) Receiving and logging third party subpoena requests, preparing objection letters and other correspondence, requesting relevant documents from internal parties, and handling production of documents/emails, including bate stamping of documents, (ii) establishing and tracking legal holds, (iii) conducting searches with Lexis/Westlaw/Pacer and other search tools and (iv) conducting eDiscovery searches on email in Exterro (Fitch’s eDiscovery tool);
Special Projects: (i) participating in (or leading) global projects or initiatives designed to enhance the compliance control environment and (ii) participating in Compliance Risk Assessments and Operational Risk Assessments; and
Administrative Matters: (i) maintaining calendars, (ii) handling travel, phones, billing expenses and systems, (iii) creating and revising Word documents, Excel spreadsheets and Power Point presentations and (iv) performing other administrative tasks.
What You Need to Have:
This position will suit a professional and dynamic individual who has strong experience working either as a paralegal or in compliance within the financial services sector. Given the very broad range of responsibilities, the individual will have to be willing to learn new skills while performing his or her existing duties at a high-level. The individual will have to be highly motivated, self-sufficient, intellectually curious, and able to function with a high degree of autonomy. In particular, the successful candidate will possess or demonstrate the following:
Experience as a paralegal and/or supporting the regulatory or compliance programs of large, multi-national, financial services firms
Required: Undergraduate degree
Required: Native-level proficiency in the English language, with exceptional verbal, writing, editing and interpersonal skills. Additional language skills a strong plus
Required: The ability to effectively represent Compliance and Legal in meetings with directors, senior management and regulators
Required: Experience in analyzing, interpreting and advising on regulatory requirements, with strong knowledge of the securities laws and/or CRA laws in the United States
A high level of independence, energy and integrity, with a respect for, and an understanding of, a diversity of opinions, styles and cultures
A collaborative approach to project delivery and achieving results, with the ability to interact, influence, and communicate effectively across all levels of the organization
Ability to work under pressure while paying close attention to details, with excellent organizational skills and the ability to multitask and prioritize high volume, high priority initiatives, in line with meeting regulatory and/or reporting deadlines in a timely fashion
What Would Make You Stand Out:
Paralegal qualifications and international experience would be advantageous
Experience in supporting the regulatory or compliance programs of large, multi-national, financial services firms or credit rating agencies.
Why Fitch?
At Fitch Group, the combined power of our global perspectives is what differentiates us. Our global network of colleagues comes together to accomplish things greater than they ever could alone.
Every team member is essential to our business and each perspective is critical to our success. We embrace a diverse culture that encourages a free exchange of ideas, guaranteeing your voice will be heard and your work will have an impact, regardless of seniority.
We are building incredible things at Fitch and we invite you to join us on our journey.
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Wholly owned by the Hearst Corporation, we are comprised of three main businesses: Fitch Ratings | Fitch Solutions | Fitch Learning.
For more information please visit our websites:
www.fitchratings.com | www.fitchsolutions.com | www.fitchlearning.com
Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch’s credibility and reputation, our employees must take every precaution to avoid conflicts of interests or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.
Fitch Group is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
FOR NEW YORK ROLES ONLY: Expected base pay rates for the role will be between $100,000 and $115,000. Actual salaries will be determined on an individualized basis and may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base pay is one part of Fitch’s total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch.
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Communication
Leadership
Teamwork
Interpersonal
Learning/adaptability
Self-management
Organizational
Computer
Problem solving
Open mindedness
Strong work ethic
technology
Others
Required: Experience in analyzing
Communications
On going position
Hybrid Remote