Director, Operational Due Diligence at Fidelity Investments in Boston, MA

Job description

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 rol