New Job Alternatives And Private Credit Product Attorney In New Jersey

Job Description:

Alternatives and Private Credit Product Attorney

The Expertise We’re Looking For

• Minimum ten years as a practicing attorney with relevant experience.
• Significant experience working on private credit and/or other alternative investment vehicles and strategies
• Experience structuring and working on Business Development Companies and 40 Act registered Interval Funds
• Experience structuring and working with private (3(c)(7)) Funds.
• Familiarity with the Investment Advisers Act of 1940 and the Investment Company Act of 1940
• Strong practical skills and industry knowledge.
• Experience working with institutional client accounts (negotiating Investment Management Agreements, etc.) a plus
• Familiarity with ERISA and/or Plan Assets Funds a plus.
• Familiarity with CFTC regulations and Commodity Pools a plus.

The Purpose of Your Role

Provide counsel to Fidelity Asset Management with respect to the legal and regulatory issues associated with structuring, offering and the ongoing maintenance of Private Credit and other Alternative investment vehicles, including Business Development Companies, Interval Funds and 3(c)(7) Private Funds. In this role, you will provide all aspects of legal support to the structuring and development of Fidelity Asset Management’s Institutional and Alternative Investments products. You will work closely with our Product Teams, as well as our Direct Lending and High Income investment Teams in the creation of new Alternative Investment vehicles and the ongoing support of our existing vehicles. In this regard you will also work closely with many other business and support units within Fidelity, including compliance, fund accounting, finance, portfolio management, risk, sales, client servicing, and transfer agency/client onboarding.

The Skills You Bring

• Your crisp and clear oral and written communication skills, in particular the ability to reduce complex legal issues to straightforward, practical analysis and advice.
• Your natural collaborative approach in devising pragmatic and creative solutions across a variety of issues in a dynamic environment
• Your strategic and critical thinking skills, excellent judgment and decision-making skills
• Your professional maturity, confidence, presence and initiative
• Your ability to work closely and collaboratively with our business partners and others within the Legal, Risk and Compliance departments
• Your agility and resilience characterized by your ability to stay calm under pressure with a “can-do” attitude.
• Your ability to manage outside counsel to provide excellent legal services in a cost effective manner.

The Value You Deliver

• You will be a key member and contributor to Fidelity Asset Management Legal Department’s Institutional and Alternatives team. You will work alongside a team of other attorneys and paralegals dedicated to the institutional/alternatives space. This team works together to support the institutional/alternatives product, investment and sales teams.
• You will interact with product, portfolio management, sales, compliance, risk and trading professionals.
• You will have responsibility for assisting with the structuring and development of institutional and alternative products.
• You will have responsibility for negotiating the terms of investment management agreements with institutional clients (including Pensions/ERISA Plans).
• In collaboration with other members of the Fidelity Asset Management Legal team, you will work closely with Asset Management Compliance and Risk to resolve issues.

How Your Work Impacts the Organization

You will play an important role in advising Fidelity Asset Management leaders, investment, compliance and sales professionals. Your role will be critical to the smooth running of Fidelity’s investment operations. You will work closely with a dynamic, highly skilled, and collaborative group of investment professionals.

Learn more about legal, risk, and compliance at Fidelity.

#LegalJobs

Please see below for the salary range for work locations in Colorado only:

N/A

Please see below for the salary range for work locations in New York City, Westchester County, NY and Jersey City, NJ only:

$157,000 - $209,000 per year

This position is eligible for incentive compensation or an annual bonus opportunity.

Please see below for the salary range for work locations in California only:

N/A

Please see below for the salary range for work locations in Washington only:

N/A

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.