Senior Manager, Advisor Oversight - Alternative Investments

Fidelity•Boston, MA

35d•$85,000 - $171,000•Hybrid

About The Position

Senior Manager, Advisor Oversight – Alternative Investments The Role Strategic Advisers’ 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 Senior Manager to support the Alternative Investment 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 the following activities: Work with the team to support the development of a best-in-class Alternative Investment due diligence and oversight program covering all private assets classes, hedge fund strategies and structures. Create Board and Committee material to support cross-functional program reporting and decision making for the Alternative Investment boards, committees and workgroups. Key partners include: Investment Management, Compliance, Legal, Risk, Treasurers Office, Product, and Operations. Participate in initial and ongoing operational due diligence and oversight for funds and programs investing in alternative investment and private asset strategies; and investment advisors managing alternatives products and funds Evaluate control environments of potential investment advisors and managers. Provide operational risk assessment of firms and products under consideration. Seek to identify opportunities for improvements in program and processes through technology solutions and/or process efficiency gains Team responsibilities include: Participate in 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 the investment advisors and products, which include, but not limited to, coordination of the periodic questionnaire distribution and review across departments, oversight and assistance with collection and review of documents as needed Prepare reports and presentations used to support board, senior management, committee and stakeholder meetings

Requirements

5+ years of working experience
Bachelor’s degree required
Background in investment accounting/audit, compliance, or risk management at a financial institution
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.
Your ability to own initiatives and issues and see them through to completion
Ability to simultaneously address multiple issues and quickly respond to shifts in priorities.
Experience working collaboratively with business, distribution, service providers, Risk, Legal, and Compliance teams
Ability to travel up to 25% of the time

Nice To Haves

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

Responsibilities

Work with the team to support the development of a best-in-class Alternative Investment due diligence and oversight program covering all private assets classes, hedge fund strategies and structures.
Create Board and Committee material to support cross-functional program reporting and decision making for the Alternative Investment boards, committees and workgroups.
Participate in initial and ongoing operational due diligence and oversight for funds and programs investing in alternative investment and private asset strategies; and investment advisors managing alternatives products and funds
Evaluate control environments of potential investment advisors and managers.
Provide operational risk assessment of firms and products under consideration.
Seek to identify opportunities for improvements in program and processes through technology solutions and/or process efficiency gains
Participate in 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 the investment advisors and products, which include, but not limited to, coordination of the periodic questionnaire distribution and review across departments, oversight and assistance with collection and review of documents as needed
Prepare reports and presentations used to support board, senior management, committee and stakeholder meetings

Benefits

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

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