VP - Alternative Investment Risk Management

Fidelity Investments•Durham, NC

1d•Onsite

About The Position

The Vice President of Alternative Investments Risk Management is a senior leadership role responsible for expanding, establishing and executing the risk oversight framework for a broad range of Alternative Investment strategies. This role leads a team of risk professionals and partners closely with treasury, product, finance, operations, technology, investment leaders and senior executives to provide independent risk assessments, and analytics across complex instruments and strategies. The successful candidate will bring deep expertise across liquid and illiquid alternative asset classes, including hedge fund-like strategies, private equity, private credit, venture capital, real assets, structured credit, CLOs, digital assets / cryptocurrencies, and derivative-based investment strategies. This individual will be responsible for driving innovation in risk management through advanced analytics, stress testing, scenario analysis, factor analysis, risk modeling, and the development of next-generation risk monitoring capabilities.

Requirements

Bachelor’s degree in finance, Economics, Mathematics, Statistics, Computer Science or a related quantitative discipline required
15 plus years of investment risk management, quantitative analytics, or alternative investments experience, including significant experience leading and developing high-performing risk professionals
Deep expertise across alternative investment strategies including:
Liquid Alternatives - Hedge Funds, Arbitrage-based
Long / Short equity, relative value, event-driven, multi-strategy, global macro, managed futures / CTA, merger arbitrage, convertible arbitrage, volatility arbitrage, fixed income arbitrage and quantitative investment approaches
Private Equity
Private Credit and Direct Lending
Venture Capital
CLOs and Structured Credit
Real Estate Investments
Digital Assets and Cryptocurrency Investments
Derivatives and Overlay Strategies
Extensive knowledge of market, credit, liquidity, valuation, concentration, arbitrage, underlying collateral performance, structural, and operational risks associated with alternative investments
Strong understanding of financing structures, OTC derivatives, leverage facilities, asset-backed securities, structured products, and complex legal entity structures
Advanced knowledge of portfolio risk modeling methodologies including factor models, stress testing, scenario analysis, Monte Carlo simulations, liquidity modeling, and tail-risk assessment
Experience evaluating private asset valuation methodologies and associated risks
Strong understanding of quantitative risk frameworks and asset allocation concepts across public and private markets
Knowledge of fund structures including LP / GP arrangements, interval funds, tender offer funds and evergreen investment vehicles
Experience building and managing enterprise-scale risk reporting and governance processes
Demonstrated expertise in risk analytics platforms including:
MSCI RiskManager
MSCI BarraOne
Bloomberg
RiskMetrics
IHSMarkit – S&P Global
Intex Solutions
Aladdin
Other enterprise risk and performance systems
Advanced technical and analytical skills with experience leveraging:
SQL
Python
Data analytics and visualization tools
Large and complex financial datasets
Business intelligence and dashboarding platforms
Proven ability to communicate complex risk concepts to executive leadership, investment committees, portfolio managers and boards
Exceptional leadership skills with a demonstrated ability to mentor, develop, and retain diverse, high-performing teams
Ability to establish strategic vision for Alternative Investment Risk Management and drive execution across multiple business functions
Deep intellectual curiosity and strong understanding of emerging risks across traditional and alternative markets
Strong quantitative mindset with the ability to translate complex analytics into practical insights
Excellent critical thinking and problem-solving skills
Strong communication and presentation skills with the ability to effectively challenge assumptions while maintaining strong business partnerships
Strong project management and organizational capabilities
Proven ability to work independently and influence outcomes across multiple stakeholder groups
Collaborative leadership style with the ability to build relationships across risk, investment, technology, finance, treasury and other risk teams
Passion for innovation and continuous improvement in risk methodologies, data management, and analytical capabilities

Nice To Haves

Advanced degree (MBS, MS, PhD) strongly preferred
CFA, CAIA, FRM, or other relevant professional designations preferred

Responsibilities

Lead the Alternative Investments Risk Management function and provide independent oversight across a broad spectrum of strategies
Enhance, develop and maintain comprehensive risk frameworks that address market, credit, liquidity, valuation, and emerging risks
Develop a quality control framework to ensure data, risk analytics, calculations, are appropriate and working as intended
Evaluate risks associated with complex hedge funds and arbitrage-driven investment strategies, including leverage, financing, liquidity, basis, spread, and counterparty exposures
Evaluate portfolio concentrations, leverage, liquidity, factor sensitivities, and tail-risk exposures
Perform deep-dive risk reviews of complex instruments and investment strategies
Lead the design and implementation of advanced risk analytics and next-generation risk methodologies
Enhance sophisticated stress testing and scenario analysis frameworks
Drive innovation using large and complex datasets to identify emerging trends and hidden portfolio risks
Partner with data science, analytics and technology teams to enhance risk infrastructure and analytical capabilities
Champion the use of quantitative techniques, machine learning, and advanced statistical modeling approaches where appropriate
Lead a high-performing team of risk professionals focused on alternative investments
Promote a culture of innovation, accountability, continuous learning and excellence
Partner with multiple stakeholders and teams
Support strategic initiatives, product development, and new business opportunities through independent risk evaluation