VP - Alternative Investment Risk Management

Job Description:Note: Fidelity will not provide immigration sponsorship for this positionThe Vice President of Alternative Investments Risk Management is a senior leadership role responsible for expanding, establishing and executing the risk oversight framework for a broad range of Alternative Investment strategies. This role leads a team of risk professionals and partners closely with treasury, product, finance, operations, technology, investment leaders and senior executives to provide independent risk assessments, and analytics across complex instruments and strategies.The successful candidate will bring deep expertise across liquid and illiquid alternative asset classes, including hedge fund-like strategies, private equity, private credit, venture capital, real assets, structured credit, CLOs, digital assets / cryptocurrencies, and derivative-based investment strategies. This individual will be responsible for driving innovation in risk management through advanced analytics, stress testing, scenario analysis, factor analysis, risk modeling, and the development of next-generation risk monitoring capabilities. The Expertise You HaveBachelor’s degree in finance, Economics, Mathematics, Statistics, Computer Science or a related quantitative discipline requiredAdvanced degree (MBS, MS, PhD) strongly preferredCFA, CAIA, FRM, or other relevant professional designations preferred15 plus years of investment risk management, quantitative analytics, or alternative investments experience, including significant experience leading and developing high-performing risk professionalsDeep expertise across alternative investment strategies including:Liquid Alternatives - Hedge Funds, Arbitrage-basedLong / Short equity, relative value, event-driven, multi-strategy, global macro, managed futures / CTA, merger arbitrage, convertible arbitrage, volatility arbitrage, fixed income arbitrage and quantitative investment approachesPrivate EquityPrivate Credit and Direct Lending Venture CapitalCLOs and Structured CreditReal Estate InvestmentsDigital Assets and Cryptocurrency InvestmentsDerivatives and Overlay StrategiesExtensive knowledge of market, credit, liquidity, valuation, concentration, arbitrage, underlying collateral performance, structural, and operational risks associated with alternative investmentsStrong understanding of financing structures, OTC derivatives, leverage facilities, asset-backed securities, structured products, and complex legal entity structuresAdvanced knowledge of portfolio risk modeling methodologies including factor models, stress testing, scenario analysis, Monte Carlo simulations, liquidity modeling, and tail-risk assessmentExperience evaluating private asset valuation methodologies and associated risksStrong understanding of quantitative risk frameworks and asset allocation concepts across public and private marketsKnowledge of fund structures including LP / GP arrangements, interval funds, tender offer funds and evergreen investment vehiclesExperience building and managing enterprise-scale risk reporting and governance processesDemonstrated expertise in risk analytics platforms including:MSCI RiskManagerMSCI BarraOneBloombergRiskMetricsIHSMarkit – S&P GlobalIntex SolutionsAladdinOther enterprise risk and performance systemsAdvanced technical and analytical skills with experience leveraging:SQLPythonData analytics and visualization toolsLarge and complex financial datasetsBusiness intelligence and dashboarding platformsProven ability to communicate complex risk concepts to executive leadership, investment committees, portfolio managers and boardsThe Skills You BringExceptional leadership skills with a demonstrated ability to mentor, develop, and retain diverse, high-performing teamsAbility to establish strategic vision for Alternative Investment Risk Management and drive execution across multiple business functionsDeep intellectual curiosity and strong understanding of emerging risks across traditional and alternative marketsStrong quantitative mindset with the ability to translate complex analytics into practical insightsExcellent critical thinking and problem-solving skillsStrong communication and presentation skills with the ability to effectively challenge assumptions while maintaining strong business partnershipsStrong project management and organizational capabilitiesProven ability to work independently and influence outcomes across multiple stakeholder groupsCollaborative leadership style with the ability to build relationships across risk, investment, technology, finance, treasury and other risk teamsPassion for innovation and continuous improvement in risk methodologies, data management, and analytical capabilitiesThe Value You DeliverLead the Alternative Investments Risk Management function and provide independent oversight across a broad spectrum of strategiesEnhance, develop and maintain comprehensive risk frameworks that address market, credit, liquidity, valuation, and emerging risksDevelop a quality control framework to ensure data, risk analytics, calculations, are appropriate and working as intendedEvaluate risks associated with complex hedge funds and arbitrage-driven investment strategies, including leverage, financing, liquidity, basis, spread, and counterparty exposuresEvaluate portfolio concentrations, leverage, liquidity, factor sensitivities, and tail-risk exposuresPerform deep-dive risk reviews of complex instruments and investment strategiesLead the design and implementation of advanced risk analytics and next-generation risk methodologiesEnhance sophisticated stress testing and scenario analysis frameworksDrive innovation using large and complex datasets to identify emerging trends and hidden portfolio risksPartner with data science, analytics and technology teams to enhance risk infrastructure and analytical capabilitiesChampion the use of quantitative techniques, machine learning, and advanced statistical modeling approaches where appropriateLead a high-performing team of risk professionals focused on alternative investmentsPromote a culture of innovation, accountability, continuous learning and excellencePartner with multiple stakeholders and teamsSupport strategic initiatives, product development, and new business opportunities through independent risk evaluationFidelity’s Onsite Working ModelFidelity 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:RiskPlease 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.SummaryLocation: Durham, NCType: Full time