Vice President, DeFi Product Manager

Job Description: Note: Fidelity will not provide immigration sponsorship for this position. The Role   The DeFi Product Manager  is responsible for  designing, evaluating, and scaling institutional- grade  DeFi investment products, with a primary focus on protocol assessment, vault construction, and ongoing portfolio curation. This role sits at the intersection of traditional capital markets, investment risk management, and on-chain financial infrastructure, translating DeFi primitives into investable, co   mpliant, and risk-managed products for investors.   The role requires deep technical fluency in blockchain and smart-contract systems, strong investment judgment grounded in traditional finance, and extensive operating relationships across the DeFi ecosystem.  The successful candidate will combine the judgment of a seasoned investment professional with the technical fluency of a DeFi native. They will be capable of structuring differentiated on-chain products, identifying and mitigating risk before it materializes, and serving as a credible bridge between traditional investment managers and the DeFi ecosystem.  DeFi Protocol Evaluation & Due Diligence  Lead comprehensive due diligence of DeFi protocols, including:  Smart-contract architecture and upgradeability models  Economic and incentive design (tokenomics, liquidity dynamics, fee structures)  Governance frameworks and decentralization maturity   Oracle dependencies, cross-chain risk, and composability exposure   Assess protocol risk across market, liquidity, counterparty, technical, and governance dimensions.   Maintain a living  protocol risk taxonomy and scoring framework aligned with institutional risk standards.   Vault Design, Construction & Curation   Design and launch on-chain vaults and structured DeFi strategies (e.g., yield, carry, delta-neutral, liquidity provision, structured credit).   Curate vault parameters including asset eligibility, allocation limits, rebalancing logic, and risk constraints.   Oversee ongoing vault monitoring, performance attribution, and risk reporting.   Work closely with engineering teams to translate investment logic into smart-contract-enforced rules.   Investment & Risk Management Integration   Apply traditional portfolio construction, risk budgeting, and capital  markets  frameworks to on-chain strategies.   Define stress testing, scenario analysis, and drawdown management approaches for DeFi portfolios.   Partner with legal, compliance, and operations teams to ensure products meet institutional governance and fiduciary expectations.   Support investment committee materials, protocol memos, and board-level product reviews.   Ecosystem Engagement & Product Sourcing   Maintain deep, active relationships across the DeFi ecosystem, including protocol founders, core developers, DAO contributors, auditors, and infrastructure providers.   Source early-stage protocol opportunities and influence roadmap discussions relevant to institutional use cases.   Represent the firm in DeFi governance forums, working groups, and industry initiatives.   Monitor emerging DeFi primitives, L2s, app-chains,  restaking , and cross-chain infrastructure relevant to vault strategies.   The Expertise and Skills You Bring   Investment & Capital Markets Experience   7–12+ years of experience across asset management, trading, structured products, derivatives, or capital markets.   Demonstrated experience with portfolio construction, risk management, and investment decision-making.   Strong understanding of fixed income, derivatives, financing markets, and liquidity dynamics.   DeFi & Blockchain Expertise   Deep understanding of blockchain architecture (Ethereum, L2s, Solana, and emerging ecosystems).   Strong working knowledge of smart contracts, DeFi primitives (AMMs, lending, derivatives, staking,  restaking ), and on-chain governance.   Experience evaluating smart-contract risk and interpreting audit reports (no coding requirement, but technical fluency  required ).   Familiarity with MEV, oracle design, cross-chain bridges, and protocol upgrade patterns.   Product & Ecosystem Leadership   Proven ability to design investment products from concept through launch and ongoing management.   Extensive network across the DeFi ecosystem with  a track record  of trusted relationships.   Strong written and verbal communication skills, with the ability to translate complex on-chain mechanics into investment-grade narratives.   Prior experience building  and/ or managing on-chain vaults, structured DeFi products, or protocol-level strategies.   Experience working in or alongside DAOs, protocol foundations, or DeFi infrastructure firms.   Exposure to regulated investment products, institutional custody, or fund operations.   CFA, advanced finance degree, or technical background in computer science or engineering.   The Team   Fidelity Digital Asset Management (FDAM) is  Fidelity   Investments’  digital asset investment platform, offering products and services designed to meet the needs of retail, intermediary, and institutional clients. As part of the Asset Management division, FDAM brings Fidelity’s research-led investment culture to digital assets—evaluating opportunities across the ecosystem and building client-focused investment solutions.   FDAM is a well-resourced team with support from Asset Management and the broader Fidelity enterprise, driving the development of critical digital asset infrastructure for the firm. We foster an entrepreneurial culture that  leverages  the latest technologies to create new products and capabilities, integrating traditional and on-chain markets to deliver innovative solutions for investors.   Fidelity’s Onsite Working Model Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locat