Fidelity Investments · 4 days ago
Vice President, Private Assets Advisor Oversight and Commercial Negotiations
Boston, MA
Full-time
Hybrid
Senior Level, Lead/Staff
$125K/yr - $258K/yr
10+ years expFidelity Investments is seeking a Vice President to lead critical capabilities related to the engagement of third-party investment managers within Fidelity Products. This role involves operational due diligence, fee negotiations, and collaboration with various teams to optimize financial terms and support the company’s strategic objectives.
Asset ManagementFinanceFinancial ServicesRetirementWealth Management
Responsibilities
Lead Private Assets Advisor Oversight: Evolve the current Private Markets operational due diligence program to effectively identify, mitigate and report risks related to third-party manager engagements across asset classes and product structures. Provide recommendations to governance committees
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 On-going Oversight 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, including recommended actions
Facilitate Operational Implementation of between third-party managers and internal Fidelity teams
Lead Commercial Negotiations: Act as the firm's lead negotiator for complex sub-advisory and third-party agreements, including management fees, performance fees, fee tiers, expenses, and Most Favored Nation (MFN) clauses
Develop Negotiation Strategy: Create and manage a firm-wide 'negotiation playbook' to ensure a consistent, best-practice approach to all commercial arrangements
Cross-Functional Collaboration: Partner with investment teams during the final stages of manager selection to advise on commercial feasibility. Work lock-step with Legal, Tax, Compliance, and Operations to ensure all aspects of an agreement are sound
Contract Lifecycle Management: Lead the re-negotiation of existing agreements as needed. Proactively track and enforce MFN clauses to ensure the firm consistently receives best-in-market pricing
Market Intelligence: Serve as the firm's subject matter expert on market trends for fees and terms, leveraging internal data and external resources (e.g., Preqin, Genysis, etc.)
Financial Analysis: Build financial models to analyze the economic impact of various fee structures and term proposals on product profitability
Qualification
Required
10+ years of experience in the asset management industry
Understanding of private markets products operating models and governance structures
Direct, hands-on experience negotiating complex contracts, including sub-advisory agreements across various product structure within the private markets space
Deep understanding of alternative asset fee and expense structures, including management/performance fee mechanics, tiers, and MFNs
Proven ability to lead and influence cross-functional teams, including senior leaders in product, legal, compliance, finance
Strong financial modeling and analytical skills
Excellent written and verbal communication skills, with the ability to distill complex issues into clear, actionable recommendations
Preferred
Operational Due Diligence experience at a bank, asset allocator, fund of funds, or other investment platform is preferred
Knowledge of regulatory environments, including the 1940 Act, preferred
Law degree (JD) or MBA is a strong plus
Benefits
Comprehensive health care coverage and emotional well-being support
Market-leading retirement
Generous paid time off and parental leave
Charitable giving employee match program
Educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career
Company
Fidelity Investments
Fidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses we serve.
10001+ employees
H1B Sponsorship
Fidelity Investments has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (3)
2024 (8)
2023 (4)
2022 (6)
2021 (8)
2020 (30)
Funding
Current Stage
Late StageTotal Funding
$152.82MKey Investors
Apple
2020-12-28Secondary Market· $2.5M
2018-01-14Secondary Market· $1M
2017-05-03Secondary Market· $12.5M
Leadership Team
Abigail Johnson
Chairman & CEO
Jeanmarie Ward
Senior Vice President of Architecture
Recent News
2026-02-09
Portfolio Adviser
2026-02-07
Morningstar.com
2026-02-07
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