Posted 8 days ago
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**Director, Fiduciary Activities, DC Innovation** Lead Fiduciary Oversight for Pooled Employer Plans (PEPs). Oversee annual plan audits, fiduciary & investment oversight committees, regulatory testing (NDT, payroll validation, QNEC support, 5500 preparation). Manage cross-functional teams, drive process improvement. Requires deep fiduciary expertise, excellent communication skills, and ability to work with multiple stakeholders. Join DC Innovation's high-performing product support team.
- Compensation
- Not specified
- City
- Washington DC
- Country
- United States
Currency: Not specified
Full Job Description
Job Description:
Note: Fidelity will not provide immigration sponsorship for this position.
The Role
As the Director, Fiduciary Activities, DC Innovation, you will serve as the governance and compliance anchor for Fidelity's Pooled Employer Plan (PEP) offerings. You will be responsible for managing the full lifecycle of the pooled plans' annual plan audits, leading the preparation and execution of fiduciary and investment oversight committees, and coordinating key regulatory testing processesincluding Nondiscrimination Testing (NDT), payroll validation, QNEC (Qualified Nonelective Contribution) support, and annual 5500 preparation. Your role ensures that our pooled employer plans operate with the highest degree of fiduciary oversight, regulatory compliance, and operational consistency.
The Work
- Plan Audit Leadership and Execution: Owns the PEP plan audit endtoend, serving as the central coordinator across Product, Operations, Finance, Legal, Risk, and external auditors.
- Fiduciary and Investment Oversight Committee Support: Ensures that PEP fiduciary governance is structured, transparent, and auditready. The team will schedule, prepare material, and run the Fiduciary product fiduciary committee meetings.
- NDT Oversight and Partner Management: Ensures PEPlevel NDT is executed accurately, consistently, and in coordination with the broader Testing and Reporting teams.
- Payroll Validation and Employer Data Review: As a significant component of the audit and compliance function, the team oversees and implement employer payroll validation for PEP employers on an as needed basis.
- Plan Correction Support and Process Innovation: This team provides expertise and oversight around QNEC calculations and delivery, with an eye towards improving this process as we scale.
The Expertise and Skills You Bring
- Deep subject matter expertise around annual testing, regulatory reporting, plan audit requirements and operational defect correction methodology.
- A desire to partner with external and internal contacts to meet plan regulatory and audit requirements annually.
- Ability to work on multiple projects and with a range of stakeholders simultaneously
- Identify and document business requirements, current and future states, and ability to enhance and implement well designed processes.
- Strong written and verbal communication skills, including the ability to summarize and interpret information to influence Subject Matter Experts, and Business Partners.
- Experience demonstrating leadership through influence and deep partnership.
The Team
You will join a high-performing product support team within the DC Innovation product group, focused on strengthening fiduciary integrity and governance for pooled employer retirement solutions. The team balances risk management, quality control and fiduciary oversight with driving long-term scalability across multiple productsincluding Fidelity Advantage 401(k) and new PEPs in different markets. In this role, you will help define a long-term strategy for how we consistently meet plan compliance requirements in an ever-evolving product climate.
Please be advised that Fidelitys business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
Fidelitys Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.
Certifications:
Category:
Product ManagementPlease be advised that Fidelitys business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
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Benefits that balance life and work
From our fully paid parent leave to our on-site health and wellness centers, our benefits support the belief that more balance you have, the better you can achieve your goals.
Company overview
Company overview
At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experience.
Reasonable accommodations
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation contact the HR Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 3.
Equal opportunity employer
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop, and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Applicant screening
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
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