Vice President, Advisor Oversight

Job Description:

Vice President, Advisor Oversight

The Role

The Advisor Oversight Team partners closely with Fidelity's investment management teams and key stakeholders to identify and mitigate risks associated with the engagement of external investment managers within Fidelity products. The Advisor Oversight Program covers a breadth of asset classes and product structures. The team is looking to add a Vice President to lead the Strategic Advisers Fund Sub-Advisory and SMA programs for public market asset classes. Reporting to the Head of Advisor Oversight, the Vice President, Advisor Oversight will be responsible for the following activities:

• Lead and develop best-in-class manager due diligence and oversight programs
• Seek continuous improvement of the program through the assessment of portfolio manager needs, industry best practices, and process improvement opportunities.
• Chair cross-functional management oversight committees for key program reporting and decision-making. Partners include: Investment Management, Compliance, Legal, Treasurer's Office, Product, and Operations.
• Manage a team responsible for initial and ongoing operational due diligence and oversight for third-party, public market strategies within Fidelity products and funds.
• Team responsibilities include:
  • Lead initial operational due diligence with potential investment advisors to evaluate their control environments and perform a thorough operational risk assessment of the firm and products under consideration.
  • Conduct ongoing monitoring activities to identify any material risks across the investment advisors and products, which include, but not limited to, preparing manager scorecards and managing ad hoc events
  • Preparation of reports and presentations to senior management and oversight boards.
  • Resource planning and budgeting

The Expertise and Skills You Bring

• Direct experience with public market asset classes and products
• Knowledge of regulatory environments, including the 1940 Act, preferred
• Experience leading cross-functional, complex programs
• Operational Due Diligence experience at a bank, asset allocator, fund of funds, or other investment platform is preferred
• Background in investment accounting/audit, compliance, or risk management at a financial institution
• Strong program management, team leadership, and people skills
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy, and strong organizational and problem-solving skills; ability to understand complex issues.
• Ability to succeed in a deadline-driven, high-visibility environment
• Experience working collaboratively with business, distribution, service providers, Risk, Legal, and Compliance teams
• Ability to travel up to 20% of the time

The Team

The Advisor Oversight Team partners closely with Fidelity's investment management teams and key stakeholders to identify and manage risks associated with the engagement of external advisers within Fidelity investment products. The Advisor Oversight Program covers a breadth of asset classes including public markets and illiquid alternatives. The team provides support and oversight for Fidelity's products, including registered mutuals funds, private funds, and separate accounts. The team interacts frequently with Fidelity portfolio management teams and product development groups, as well as, Fidelity control partners, including Legal, Treasurer's Office, Compliance, and Operations.

Company Overview

At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process. Please email us at accommodations@fmr.com or call 800-835-5099, prompt 2, option 2 if you would like to request an accommodation.

Certifications:

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.

Join Us

At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined.

Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.

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