Director - Private Asset Operational Due Diligence and Oversight - Boston, United States - Fidelity Investments

Description

Job Description:

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 Director to support the Private Assets component of the program. Reporting to the Vice President - Private Equity / Illiquid Alternatives Advisor Oversight the individual will be responsible for the following activities:

• Support the development of a best-in-class Private Asset Manager due diligence and oversight program to support all private assets classes and structures.
• Seek continuous improvement of the program through the assessment of portfolio manager needs, industry best practices, and process improvement opportunities.
• Develop Board and Committee reporting for cross-functional Private Equity and Illiquid Alts Oversight Committee for key program reporting and decision-making.
  • Key partners include: Investment Management, Compliance, Legal, Risk, Treasurers Office, Product, and Operations.
• 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.
• Evaluate control environments of potential investment advisors and managers.
• Provide operational risk assessment of firms and products under consideration.
• Team responsibilities include:
  • 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 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, preparation of reports and presentations to the senior management.

The Expertise and Skills You Bring

• 8+ years of working experience
• Bachelor's degree required
• Operational Due Diligence experience at a bank, asset allocator, fund of funds, or other investment platform is preferred
• Your direct experience with Business Development Companies (BDC), Limited Partnership, interval and tender offer fund structures across Private Equity, Private Credit, Private Real Estate and other Illiquid Alternative investments and products is a plus
• 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 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
• This role will include a blend of at-home and in-office work. Learn more about how Fidelity has embraced Dynamic Working.
• Ability to travel up to 25% of the time

The 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 Alternatives 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 illiquid manager oversight program. 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.

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.

Join Us

At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined.

Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).

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, detailed in this document, 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.

We invite you to Find Your Fidelity at

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.

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 , or by calling (XXX) XXX-XXXX, prompt 2, option 3.