Director, Operational Due Diligence - Alternative Investments

Team

The Advisor Oversight Team partners closely with Fidelity’s investment management teams and key stakeholders to identify and manage 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, including the growing Alternative Investments business. The team provides support and oversight of various aspects of Fidelity’s registered and private funds and investment advisory services, including liquid alternatives, business development companies, hedge funds, private equity, hybrid funds, and insurance-related products. The team is also responsible for the private asset and hedge fund oversight programs. The team interacts frequently with Fidelity portfolio management teams and product development groups as well as Fidelity control partners, including Legal, Treasurer’s Office, Risk, and Operations.

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
• Enhance, expand and maintain program documentation
• Seek to identify opportunities for improvements through technology solutions and/or process efficiency gains

Qualifications

• Bachelor’s degree required plus 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
• Experience working collaboratively with business, distribution, service providers, Risk, Legal, and Compliance teams

Benefits

Note: Fidelity will not provide immigration sponsorship for this position. Fidelity’s 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.

Pay

The base salary range for this position is $103,000-211,000 USD per year. Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors. Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.

Schedule

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career.