Director, Operational Due Diligence

Fidelity; United States; Presencial; USD 103.000 - 211.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Health coverage

Retirement plan

Paid time off

Parental leave

Student loan repayment

Descripción de la vacante

Fidelity is seeking a Director of Operational Due Diligence to lead initial due diligence and ongoing oversight of third-party sub-advisers and fund-of-funds managers across assets. You will assess operational risk, prepare Board materials, and serve as a relationship lead for external managers and Fidelity partners.

Responsibilities include developing due diligence materials, collaborating with Compliance, Legal, and Risk, and overseeing governance forums.

Formación

• Bachelor's degree required.
• 8+ years of relevant work experience.
• Broad-based investment industry experience including operational due diligence, compliance, operations, or related areas.
• Experience with derivatives, private assets, hedge funds, BDCs, limited partnerships, intervals, tender offers, and fund-of-funds is a plus.
• Proven ability to influence and collaborate with internal and external partners.
• Strong analytical, organizational and problem-solving skills; able to understand complex issues.
• Demonstrated ability to identify key risks and manage them to resolution.
• Strong project management and relationship management and communication skills.

Responsabilidades

• Lead initial due diligence for third-party providers across public, private and alternative assets.
• Develop Board and Committee materials for due diligence presentations and ongoing reviews.
• Collaborate with Compliance, Legal, Risk, and other teams to support due diligence and oversight.
• Evaluate control environments of potential investment advisers and managers.
• Provide operational risk assessments of firms and products under consideration.
• Maintain effective relationships with external managers and sub-advisors.
• Oversee implementation activities with internal and external partners.
• Participate in governance forums related to due diligence.

Conocimientos

Operational due diligence

Compliance

Operations

Corporate audit

Hedge funds

Derivatives

Private assets

Fund of funds

BDCs

Educación

Bachelor's degree

Descripción del empleo

Fidelity will not provide immigration sponsorship for this position.

Job Description

The Role

Strategic Advisers, LLC (SAI) is seeking a Director, Operational Due Diligence to lead initial due diligence, onboarding, and ongoing oversight of third-party sub-advisers and fund-of-funds managers across public, private, and alternative assets. In this role, you will assess managers' operational risk and control environments, prepare Board and Committee materials, and serve as a key relationship lead for external managers and internal partners. Your work will directly support Fidelity's growth in sub-advised funds, separately managed accounts, private markets and hedge fund offerings.

The Value You Deliver

• Lead initial due diligence efforts for third-party providers in public, private and alternative assets
• Develop Board and Committee materials in support of initial due diligence presentations, quarterly reviews, brokerage reporting, ongoing monitoring and annual contract renewals
• 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 advisers and managers
• Provide operational risk assessment of firms and products under consideration
• Provide effective relationship management for third-party managers and sub-advisors through ongoing engagement and communication
• Manage implementation activities with internal and external partners
• Participate in and contribute to governance forums related to due diligence efforts
• Evaluate and enhance the oversight program, including policies, procedures and controls
• Up to 25% travel required

The Expertise and Skills You Bring

• Bachelor's degree required
• 8+ years of relevant work experience
• Broad-based investment industry experience; operational due diligence, compliance, operations, corporate audit, controller is a plus
• Experience with derivatives, private assets, hedge funds, Business Development Companies (BDCs), limited partnerships, interval, tender offer and fund-of-funds is a plus
• Proven ability to influence and collaborate with internal and external partners
• Strong analytical, organizational and problem-solving skills; ability to understand complex issues
• Demonstrated ability to identify key risks and manage them to resolution
• Strong project management, relationship management and communication skills
• Proven ability to simultaneously identify, prioritize and address multiple issues and quickly respond to shifts in priorities
• Self-starter with high attention to detail and accuracy

The Team

The Advisor Oversight Team within SAI oversees third-party engagements across the Private Assets and Alternative Investments Programs, Mutual Funds, Separately Managed Accounts, and other Fidelity Asset Management products. We partner closely with Fidelity's investment teams and key stakeholders to identify and manage the risks of engaging external advisers, and we provide risk and oversight guidance on new product initiatives. With the Alternative Investments business growing, we play a central role in the strategic growth of SAI and Fidelity Asset Management.

The Group

SAI is a registered investment advisor and Fidelity Investments Company that provides investment management services to clients through Fidelity's retail and institutional distribution channels. For more than 30 years, SAI has specialized in the investment management of managed accounts and other custom solutions to help investors reach their financial goals. With more than $1.4 trillion in assets under management in a blend of Fidelity and third-party investment vehicles, Fidelity's SAI is a leading provider of managed solutions for retail, workplace, and institutional clients.

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.

Compensation

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.

Benefits

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home.

• 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, tuit