Vice President, Asset Management Compliance
Job Description:
Vice President, Asset Class Lead -- Alternatives Compliance Team
The Role
Asset Management Compliance (AMC) works closely with Fidelity’s investment teams cross all asset classes to ensure compliance with global regulations, investor requirements, and corporate policies in the interest of promoting customer trust and confidence in Fidelity. AMC is committed to driving Fidelity forward through business partnership and stewardship, platform modernization, and talent development. AMC associates are passionate about providing sound mentorship and creative solutions in a timely and responsive manner to support Asset Management in delivering the best customer experience in the financial services industry. Your responsibilities include:
- Actively participate in the development and support of an Alternatives compliance program and be the lead compliance subject matter expert for liquid alternatives
- Provide ongoing management of Alternatives compliance program as one of the AMC subject matter experts in Alternatives compliance team
- Support Compliance Operations, Reporting and Data considerations
The Expertise and Skills You Bring
Expertise You Bring
- Minimum years of work experiences: Bachelors or equivalent with 12+ years of asset management compliance experience or Masters with 10+ years of asset management compliance experience;
- Strong background in fund formation for alternatives as well as operational, distribution, and compliance matters;
- Experience with various asset classes including hedge funds, managed futures funds, liquid alternatives, Business Development Companies, private equity, private credit, real estate;
- Solid understanding of the asset management laws and regulation, including the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Commodity Exchange Act of 1936, the Commodity Futures Modernization Act of 2000, the related SEC, CFTC and NFA rules and regulations as well as knowledge of industry practices relating to alternative investments.
Primary Responsibilities
- As one of the AMC subject matter experts and member of the Alternatives compliance team provide oversight and guidance to investment teams and business leaders as Fidelity grows its alternatives business through:
• the development and evolution of an Alternatives compliance programs;
• support Alternative’s investment strategies, partnering with internal leadership and product development teams;
• ongoing management of Alternatives compliance program as one of the AMC subject matter experts.
- Support the product development groups as well as the various stakeholders including Legal, Treasurers Office, AM Risk in launching new alternatives offerings (assess compliance impacts to new offerings, review of offering docs);
- Develop and maintain a robust compliance program that fits and evolves around the Alts businesses (policies enhancements, new procedures);
- Assists with the growth and development of the compliance team;
- As an asset class lead, be a compliance point of contact for various Fidelity teams engaged in Alternative’s business lines;
- Provide oversight and guidance to investment teams and business leaders of the Alts business (co-investment requirements, season & sell, VCOC, etc.);
- Provide compliance support and oversight of various aspects to Fidelity’s registered and private funds and investment advisory services;
- Support the alternatives compliance review of marketing materials;
- Provide oversight as one of the leaders and the contact person for the investment teams on matters involving conflicts management.
The Team
The Alternatives Compliance team is a part of AMC and provides oversight and guidance to investment teams and business leaders as Fidelity grows and evolves its Alternatives business. Team is responsible for developing and maintaining a robust compliance program that fits and evolves around the Alternatives business and provides compliance support and oversight of various aspects of Fidelity’s registered and private funds and investment advisory services, including liquid alternatives, business development companies, hedge funds, private equity, and hybrid funds, insurance-related products. We also support Fidelity Alternatives Funds Board. We interact frequently with Fidelity portfolio management teams and product development groups as well as Fidelity control partners, including Legal, Treasurer’s Office, Risk, and Operations.
The base salary range for this position is $123,000-$207,000 per year.Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
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.
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.