Fidelity Investments is seeking an experienced attorney based in Boston, MA, to lead a team of 12 professionals in the Investor Services, Institutional and HNW Product Group as part of the Fidelity Asset Management Legal team.
You will be a member of the Asset Management Legal Leadership Team and will report directly to the Head of Asset Management Legal.
The role will involve coordination and collaboration with colleagues in Asset Management, Institutional Asset Management, Investment Solutions and Innovation and other Fidelity business units and corporate services and control function business partners in the development, operation, and distribution of products and services for the institutional and high net worth client segments. Products and services covered by this group include investments across multiple asset classes, including alternative investments, delivered via 1940 Act registered funds, CITs, ETFs, managed accounts, separately managed accounts, sub-advisory, model portfolios and direct indexing.
The Skills You Bring
You possess crisp, clear business partner oral and written communication skills, in particular the ability to reduce complex legal issues to straightforward, practical analysis and advice.
Your business acumen relevant to investment management offerings and new product development; demonstrated ability to absorb and use relevant job knowledge.
Your ability to manage outside counsel to provide excellent legal services in a cost effective manner.
Your natural collaborative approach in devising pragmatic and creative solutions across a variety of issues in a dynamic environment
Your ability to build and maintain strong relationships and credibility, internally and externally
Your refined leadership and influence skills
Your strategic and critical thinking skills, excellent judgment and decision-making skills
Your professional maturity, confidence, presence and initiative
Your entrepreneurial spirit, and a desire to learn
Your agility and resilience characterized by your ability to educate and influence others to embrace and move quickly and flexibly in developing and implementing new ideas, and ability to stay calm under pressure with a “can-do” attitude
The Value You Deliver
Provide legal and strategic advice and counsel to our business partners on all legal aspects in the offering and delivery of institutional and HNW investment products and services, including the review and drafting of relevant documentation, e.g. offering documents, subscription documents, term sheets, advisory and discretionary investment management agreements.
Facilitation of the growth of the business in existing investment asset classes and support developing and launching new investment strategies and initiatives.
Advising clients on the design, formation and ongoing operation of registered and unregistered funds, including closed-end interval funds, private funds, and other investment vehicles/ structures.
Advise business and control function partners in the context of new business initiatives and implementation of new legal and regulatory requirements in relation to investment products and services related matters.
Work closely with business and control function partners to identify changing laws and regulations and coordinate effective, fluid and timely implementation of policy, process and procedural changes to ensure compliance therewith.
Assist and advise on transactions across the Fidelity enterprise, funds, client separate accounts and other investment structures; advise on conflicts of interest and related regulatory matters.
Evaluating new technology and tools relating to the offering of alternative investments.
The Expertise You Have
D. required; member in good standing with the New York or Massachusetts State Bar Association.
Excellent academic record.
A minimum of 10 years of relevant investment management experience in-house at a top-tier private equity firm, hedge fund, alternative investment manager or other leading financial services organization.
Expertise in U.S. federal securities laws and regulations, including the Investment Advisers Act of 1940 and the Investment Company Act of 1940, Securities Act of 1933, Securities Exchange Act of 1934, and Commodity Exchange Act.
Knowledge and experience working with intermediary distribution channels is essential.
Familiarity with ERISA's prohibited transaction rules and related guidance and interpretations applicable to investment managers is helpful
Experience managing and developing a team of seasoned professionals; demonstrated management experience in leading a team through change
Internal Number: 2003993
About Fidelity Investments
At Fidelity, we are focused on making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associate for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com.
Fidelity Investments is an equal opportunity employer.