Hybrid Vice President, Private Assets Advisor – Oversight and Commercial Negotiations

at skillventory - A Leading Talent Research Firm

• Job title: Vice President, Private Assets Advisor – Oversight and Commercial Negotiations
• Job type: Full Time
• Experience level: Lead
• Salary: $125,000 - $258,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Boston, United States

About the role

• Vice President leading engagement of third-party investment managers within Fidelity Products. Overseeing operational due diligence and negotiating fees across private market asset classes.

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

Requirements

• 10+ years of experience in the asset management industry
• Understanding of private markets products operating models and governance structures
• 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
• 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
• 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