Job Description:

　　The Department

　　Strategic Advisers, LLC is a registered investment advisor and wholly owned subsidiary of FMR LLC that provides investment management services to clients through Fidelity's retail and institutional distribution channels. For more than 25 years Strategic Advisers has specialized in the design, construction, and management of asset allocation solutions, as well as the methodologies for many of Fidelity's investment planning tools, to help investors reach their financial goals. With more than $750 billion in assets under management in a blend of Fidelity and third-party investment vehicles, the Strategic Advisers team of investment professionals' constructs and manages asset allocation portfolios for close to three million customer accounts.

　　Role

　　The Alternatives Risk Analyst will be responsible for all aspects of the risk management of our alternative investment portfolios. This will include risk modeling and oversight, scenario analysis and stress testing, factor exposure and impact analysis. Furthermore, you will partner with the portfolio manager and your research peers on portfolio construction leveraging your insights from the factor and risk characteristics of the different alternatives' strategies.

　　Given the short track record and opaque nature of many alternative strategies, this role requires creativity, thoughtfulness, and experience with derivatives. You'll be hands-on with data management and model maintenance and improvements using SQL and R or similar languages.

　　Located in Boston, you will be embedded with the SAI Alternatives Team and will work closely with portfolio managers and research analysts. You will report directly to the head of risk management.

　　Responsibilities

　　As the Alternatives Risk Analyst, your primary responsibilities include:

　　Partner with the portfolio manager and research peers to define and build the relevant risk management models and infrastructure.Design the tools used to manage the risk and performance of the alts portfolio in partnership with the Portfolio manager. Lead the data strategy, technology, and the central risk management teams on the implementation of these initiatives.Partnering with the alternatives quantitative researcher and fundamental analysts to build and maintain a factor library of hedge fund/alternative risk premia style factors to better understand the common risk factors and return drivers of liquid alternative strategiesIdentifying the key sources of risk embedded in the portfolio and present their impact to the CIO and Portfolio manager.Suggest potential hedges to both the alts and the multi-asset class investment teams and collaborate on rebalancing and portfolio optimization.

　　Qualifications

　　We are seeking candidates who have the following characteristics:

　　Advanced degree in a relevant field requiredAt least 10 years of relevant experience, incl. liquid alternatives and derivatives risk management requiredDeep knowledge of risk management techniques and vendor models & tools like Blackrock Aladdin, Axioma, Barra, RiskMetricsAbility to think strategically to enable working in and across a heavily matrixed organizationStrong programming and database skills e.g., R, Python, SQLExcellent written and oral communication skills

　　Certifications:

　　Company Overview

　　Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.

　　Join Us

　　At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a Best Place to Work in 2023. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined.

　　At Fidelity, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we're calling "Dynamic Working". Most associates will have a hybrid schedule with a requirement to work onsite at a Fidelity work location for at least one week, 5 consecutive days, every four weeks. These requirements are subject to change.

　　We invite you to Find Your Fidelity at fidelitycareers.com.

　　Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

　　Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations @fmr.com, or by calling 800-835-5099, prompt 2, option 3.

　　At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.