VP - Alternative Investment Risk Management

Fidelity Investments Inc.; Durham (NC); On-site; USD 180,000 - 280,000; Full time

Job summary

Fidelity Investments Inc. seeks a senior risk leader to establish and oversee the risk framework for a diverse portfolio of alternative investments. You will manage a risk team and partner with investment, product, treasury, finance, operations, and technology leaders to provide independent risk oversight and insights.

The role requires deep expertise in market, credit, liquidity, and tail risk, plus strong analytics, governance, and cross-functional collaboration. Onsite work is expected.

Qualifications

• Bachelor's degree or equivalent in Finance/Economics/Math; advanced degree or CFA/CAIA/FRM preferred.
• 15+ years in investment risk management, analytics, alt investments, with leadership.
• Expertise across hedge funds, private equity, private credit, VC, real estate, crypto and derivatives.
• Deep understanding of market, credit, liquidity, valuation, operational, concentration, counterparty risks.
• Experience in evaluating exposures, leverage, liquidity, tail risks; strong risk methodologies.
• Proven ability to develop risk frameworks, governance, reporting and controls.

Responsibilities

• Establish and enhance the risk management framework for a broad alt investments program.
• Lead a team of risk professionals and partner with senior leaders to provide oversight.
• Deliver analytics, stress tests, scenario analysis, and risk reporting to governance committees.
• Drive strategic risk initiatives, product development support, and cross-functional collaboration.

Skills

Financial risk

Leadership

Python

SQL

Data visualization

Communication

Strategic partnership

Governance

Education

Bachelor's degree in Finance/Economics/Math

Advanced degree / CFA/CAIA/FRM preferred

Tools

Aladdin

MSCI RiskManager

BarraOne

Bloomberg

S&P Global

Intex

Job description

Job Description:

Note: Fidelity will not provide immigration sponsorship for this position

The Vice President of Alternative Investments Risk Management is a senior leadership role responsible for establishing, enhancing, and overseeing the risk management framework across a broad range of alternative investment strategies. This leader will manage a team of risk professionals and partner closely with investment, product, treasury, finance, operations, and technology leaders to provide independent risk oversight, analytics, and strategic guidance.

The role supports a diverse portfolio of liquid and illiquid alternative investments, including hedge funds and liquid alternatives, private equity, private credit, venture capital, structured credit, real estate, digital assets, and derivative-based strategies. The successful candidate will leverage advanced analytics, stress testing, scenario analysis, and emerging technologies to assess portfolio risks, identify emerging issues, strengthen decision-making, and support strategic business initiatives.

The Expertise and Skills You Bring

• Bachelor's degree or equivalent experience in Finance, Economics, Mathematics, Statistics, Computer Science, or a related discipline; advanced degree and/or CFA, CAIA, FRM, or similar designation preferred
• 15+ years of experience in investment risk management, quantitative analytics, alternative investments, or related disciplines, including leadership experience
• Expertise across alternative investment strategies, including hedge funds, private equity, private credit, venture capital, structured credit, real estate, digital assets, and derivatives
• Deep understanding of market, credit, liquidity, valuation, operational, concentration, and counterparty risks
• Experience evaluating portfolio exposures, leverage, liquidity, factor sensitivities, private asset valuations, and tail-risk scenarios
• Strong knowledge of risk methodologies, including stress testing, scenario analysis, factor analysis, liquidity assessment, and portfolio risk modeling
• Experience developing and enhancing risk frameworks, governance processes, reporting, controls, and risk oversight programs
• Familiarity with platforms such as Aladdin, MSCI RiskManager, BarraOne, Bloomberg, S&P Global, Intex, or similar risk and analytics tools
• Strong technical and analytical capabilities, including Python, SQL, data visualization tools, and large financial datasets
• Ability to communicate complex risk concepts and influence investment professionals, executives, and governance committees
• Proven ability to lead high-performing teams, build strong cross-functional partnerships, and drive strategic initiatives across investments, finance, operations, treasury, and technology
• Intellectual curiosity, sound judgment, and a passion for innovation, continuous improvement, and talent development
• Ownership and ongoing enhancement of the risk management framework
• Identification and oversight of emerging and tail risk exposures
• Support for strategic initiatives, new product development, and business growth opportunities
• Partnership with data science and technology teams to advance risk analytics, infrastructure, and modernization efforts
• Data quality, model governance, and control framework responsibilities

The Team

This team is a part of Fidelity Investment’s Enterprise, Legal, Risk and Compliance group delivering independent investment risk insights and analytics focused upon Alternative Investments to the Asset Management team.

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.

Certifications:

Category:

Risk

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.