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 is responsible for working with external investment advisors to assess proposed investments in private equity, real estate, private credit, hedge fund, and other alternative and non-traditional investments. This individual will also manage a team of deal support professionals who are responsible for the timely and accurate intake and execution of these investments. This individual will be expected to work closely with internal partners, external fund managers, general partners, and custodial staff to support the timely 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.
Conduct due diligence reviews on 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.
Works with management to identify and implement opportunities to mitigate risk, improve service quality and operating efficiency, and optimize costs.
Serve as operational support for organizational strategic and departmental initiatives and projects.
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).
Provide in-depth analysis of portfolio and fund performance, risk, cash flows, and underlying fund and company investments.
Work collaboratively with internal auditors and other operation heads in developing and maintaining a strong control environment.
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 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.
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.