Director, Alternative Investments

Job Description:

Director, Alternative Investments

Note: Fidelity is not providing immigration sponsorship for this position

The Role

The Director of Alternative Investments is a member of an investment oversight team working on behalf of the charity and will manage a team of deal support professionals who are responsible for the timely and accurate intake and execution of private equity, real estate, private credit, hedge funds, and other alternative and non-traditional investments. This individual will be responsible for furthering the scale, efficiency, and risk management controls of this function. This individual will also be expected to be a subject matter expert in alternative investments and represent the Charity in working directly with external advisors and donors. This individual will be expected to work closely with internal partners, external fund managers, general partners, and custodial staff to support the timely review and execution of alternative investment transactions. This position requires strong expertise in alternative investments and their role in a diversified portfolio. This role also requires strong communication skills, attention to detail, positive professional attitude, and ability to work in a dynamic team environment.

• Manage a team of deal support professionals who are responsible for the timely and accurate intake and execution of alternative investments.

• Embrace technology and risk management to further the scale, efficiency, and control environment of the deal support function, as well as hand offs across the team.

• Works with management to identify and implement strategic initiatives to mitigate risk, improve service quality and operating efficiency, and optimize costs.

• Support new and existing advisor and donor relationships though consultative and solution-oriented discussions with advisors, donors, and with internal stakeholders (relationship managers and fundraisers)

• Review proposed new alternative investments by applying a compliance-based lens against a set of established investment policies and guidelines.

• Provide transaction support and oversight through analyzing, onboarding, and maintaining complex, non-traditional investments that involve non-standard contracts, investment execution, wire instructions, valuation support, investment and operational due diligence reports, and documentation. Collaborate with internal legal and tax teams as needed to support a transaction.

• Serve as operational support for organizational strategic and departmental initiatives and projects.

• Work collaboratively with internal auditors and other operation heads in developing and maintaining a strong control environment.

• Provide in-depth analysis of portfolio and fund performance, risk, cash flows, and underlying fund and company investments.

The Expertise and Skills You Bring

• 10+ years’ experience in alternative investments or private markets front or middle office, or in an investments role with demonstrated ability to gain client trust

• Demonstrated ability to lead a team; direct experience in people management strongly preferred

• MBA or graduate degree in finance, economics, or related field

• CFA and/or CAIA, or progress towards these certifications is preferred

• Strong understanding of alternative investments, including private equity, real estate, private credit, hedge funds, and other non-traditional investments

• Deep understanding of investment offering materials, including limited partnership agreements and subscription documents

• Experience with investment and operational due diligence.

• Strong analytical skills; excellent verbal and written communication skills

• Experience identifying and maintaining sound internal controls and data quality environment.

• Superb work ethic, attention to detail, team orientation, and commitment to excellence

• Strong interpersonal skills, and ability to form and maintain strong business relationships.

• Experience with Advent, Bloomberg, and alternative investment third party services is a plus.

The Team

Fidelity Charitable is a public charity that sponsors the largest national donor-advised fund program. Since 1991, Fidelity Charitable has introduced tens of thousands of donors to the benefits — and increased charitable impact — of using a donor-advised fund to meet their philanthropic goals. Fidelity Charitable is governed by an independent Board of Trustees, which has hired Fidelity Investments as the service provider to the charity. Fidelity Investments provides all the charitable organization’s employees and supports all its functions: Program Development, Marketing, Service Delivery, Relationship Management, Finance, Technology, Risk and Compliance, and Fundraising.

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:

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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.