VP - Alternative Investment Risk Management

About this role

Job Description:

Note: Fidelity will not provide immigration sponsorship for this position

The 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 Have

• Bachelor’s degree in finance, Economics, Mathematics, Statistics, Computer Science or a related quantitative discipline required • Advanced degree (MBS, MS, PhD) strongly preferred • CFA, CAIA, FRM, or other relevant professional designations preferred • 15 plus years of investment risk management, quantitative analytics, or alternative investments experience, including significant experience leading and developing high-performing risk professionals • Deep expertise across alternative investment strategies including: • Liquid Alternatives - Hedge Funds, Arbitrage-based • Long / 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 approaches

• Private Equity • Private Credit and Direct Lending •  Venture Capital • CLOs and Structured Credit • Real Estate Investments • Digital Assets and Cryptocurrency Investments • Derivatives and Overlay Strategies

• Extensive knowledge of market, credit, liquidity, valuation, concentration, arbitrage, underlying collateral performance, structural, and operational risks associated with alternative investments • Strong understanding of financing structures, OTC derivatives, leverage facilities, asset-backed securities, structured products, and complex legal entity structures • Advanced knowledge of portfolio risk modeling methodologies including factor models, stress testing, scenario analysis, Monte Carlo simulations, liquidity modeling, and tail-risk assessment • Experience evaluating private asset valuation methodologies and associated risks • Strong understanding of quantitative risk frameworks and asset allocation concepts across public and private markets • Knowledge of fund structures including LP / GP arrangements, interval funds, tender offer funds and evergreen investment vehicles • Experience building and managing enterprise-scale risk reporting and governance processes • Demonstrated expertise in risk analytics platforms including: • MSCI RiskManager • MSCI BarraOne • Bloomberg • RiskMetrics • IHSMarkit – S&P Global • Intex Solutions • Aladdin • Other enterprise risk and performance systems

• Advanced technical and analytical skills with experience leveraging: • SQL • Python • Data analytics and visualization tools • Large and complex financial datasets • Business intelligence and dashboarding platforms

• Proven ability to communicate complex risk concepts to executive leadership, investment committees, portfolio managers and boards

The Skills You Bring

• Exceptional leadership skills with a demonstrated ability to mentor, develop, and retain diverse, high-performing teams • Ability to establish strategic vision for Alternative Investment Risk Management and drive execution across multiple business functions • Deep intellectual curiosity and strong understanding of emerging risks across traditional and alternative markets • Strong quantitative mindset with the ability to translate complex analytics into practical insights • Excellent critical thinking and problem-solving skills • Strong communication and presentation skills with the ability to effectively challenge assumptions while maintaining strong business partnerships • Strong project management and organizational capabilities • Proven ability to work independently and influence outcomes across multiple stakeholder groups • Collaborative leadership style with the ability to build relationships across risk, investment, technology, finance, treasury and other risk teams • Passion for innovation and continuous improvement in risk methodologies, data management, and analytical capabilities

The Value You Deliver • Lead the Alternative Investments Risk Management function and provide independent oversight across a broad spectrum of strategies • Enhance, develop and maintain comprehensive risk frameworks that address market, credit, liquidity, valuation, and emerging risks • Develop a quality control framework to ensure data, risk analytics, calculations, are appropriate and working as intended • Evaluate risks associated with complex hedge funds and arbitrage-driven investment strategies, including leverage, financing, liquidity, basis, spread, and counterparty exposures • Evaluate portfolio concentrations, leverage, liquidity, factor sensitivities, and tail-risk exposures • Perform deep-dive risk reviews of complex instruments and investment strategies • Lead the design and implementation of advanced risk analytics and next-generation risk methodologies • Enhance sophisticated stress testing and scenario analysis frameworks • Drive innovation using large and complex datasets to identify emerging trends and hidden portfolio risks • Partner with data science, analytics and technology teams

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