Director, Operational Due Diligence - Alternative Investments

Fidelity Investments • Boston, MA

19h

About The Position

The Advisor Oversight Team partners closely with Fidelity’s investment management teams and key stakeholders to identify and mitigate risks associated with the engagement of external advisers within Fidelity investment products. The Advisor Oversight Program covers a breadth of asset classes and product structures. The team is looking to add a Director to support the Alternative Investments component of the program. Alternative Investments include private equity, private credit, private real assets (real estate and infrastructure) and hedge funds. Reporting to the Vice President, Advisor Oversight Alternative Investments the individual will be responsible for supporting the development of a best-in-class Alternative Investments due diligence and oversight program. This includes leading initial and ongoing operational due diligence and oversight for funds investing in private asset products, such as private equity, private debt and private real estate; and investment advisors managing alternatives products and funds. The role also involves developing Board and Committee materials to support cross-functional program reporting and decision making for the Alternative Investment boards, committees, working groups and senior leadership. The Director will collaborate with key partners and subject matter experts from Compliance, Legal, Risk, Treasurers Office, Finance, Product, Operations and the Investment Team to support the due diligence and oversight process, evaluate control environments of potential investment advisors and managers, and provide operational risk assessment of firms and products under consideration. Enhancing, expanding and maintaining program documentation and seeking opportunities for improvements through technology solutions and/or process efficiency gains are also key responsibilities. Team responsibilities include leading initial operational due diligence with potential investment advisors and managers to evaluate their control environments and perform a thorough operational risk assessment of the firm and products under consideration. Conducting ongoing monitoring activities to identify any material risks across investment advisors and products, including coordinating the distribution of periodic questionnaires, reviewing submitted material and responses and engaging key partners as needed. Preparing reports and presentations used to support board, senior management, committee and stakeholder meetings. Fostering and developing a collaborative and dynamic team environment is also a key aspect of the role.

Requirements

• Bachelor’s degree required
• 8+ years of working experience
• Direct experience with Business Development Companies (BDC), Limited Partnerships, interval funds, tender offer funds and hedge fund structures across Alternative Investments and products preferred
• Operational Due Diligence experience at a bank, asset allocator, fund of funds, or other investment platform is preferred
• Strong project management and relationship management skills
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy, and strong organizational and problem-solving skills; ability to understand complex issues.
• Demonstrated ability to own initiatives and see them through to completion
• Possess translatable experience in investment accounting/audit, compliance, or risk management at a financial institution
• Ability to simultaneously identify, prioritize and address multiple issues and quickly respond to shifts in priorities.
• Experience working collaboratively with business, distribution, service providers, Risk, Legal, and Compliance teams

Nice To Haves

• Direct experience with Business Development Companies (BDC), Limited Partnerships, interval funds, tender offer funds and hedge fund structures across Alternative Investments and products
• Operational Due Diligence experience at a bank, asset allocator, fund of funds, or other investment platform

Responsibilities

• Support the development of a best-in-class Alternative Investments due diligence and oversight program
• Lead initial and ongoing operational due diligence and oversight for funds investing in private asset products, such as private equity, private debt and private real estate; and investment advisors managing alternatives products and funds
• Develop Board and Committee materials to support cross-functional program reporting and decision making for the Alternative Investment boards, committees, working groups and senior leadership
• Collaborate with key partners and subject matter experts from Compliance, Legal, Risk, Treasurers Office, Finance, Product, Operations and the Investment Team to support the due diligence and oversight process
• Evaluate control environments of potential investment advisors and managers
• Provide operational risk assessment of firms and products under consideration
• Enhance, expand and maintain program documentation
• Seek to identify opportunities for improvements through technology solutions and/or process efficiency gains
• Lead initial operational due diligence with potential investment advisors and managers to evaluate their control environments and perform a thorough operational risk assessment of the firm and products under consideration.
• Conduct ongoing monitoring activities to identify any material risks across investment advisors and products.
• Prepare reports and presentations used to support board, senior management, committee and stakeholder meetings.
• Foster and develop a collaborative and dynamic team environment

Benefits

• comprehensive health care coverage
• emotional well-being support
• market-leading retirement
• generous paid time off
• parental leave
• charitable giving employee match program
• educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career

What This Job Offers

• Job Type: Full-time
• Career Level: Director