Vice President, DeFi Product Manager

As Vice President of DeFi Product Management at Fidelity Investments, you design, evaluate, and scale institutional-grade DeFi investment products. You sit at the intersection of traditional capital markets, investment risk management, and on-chain financial infrastructure, translating DeFi primitives into investable, compliant, and risk-managed products for investors. This 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.

What you'll do

• Lead comprehensive due diligence of DeFi protocols, evaluating smart-contract architecture and upgradeability models, economic and incentive design including tokenomics and liquidity dynamics, governance frameworks and decentralization maturity, oracle dependencies, cross-chain risk, and composability exposure
• Assess protocol risk across market, liquidity, counterparty, technical, and governance dimensions, and maintain a living protocol risk taxonomy and scoring framework aligned with institutional risk standards
• Design and launch on-chain vaults and structured DeFi strategies such as yield, carry, delta-neutral, liquidity provision, and 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
• 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
• 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, Layer 2 solutions, app-chains, restaking, and cross-chain infrastructure relevant to vault strategies

What you bring

• 7 to 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
• Deep understanding of blockchain architecture including Ethereum, Layer 2s, Solana, and emerging ecosystems
• Strong working knowledge of smart contracts, DeFi primitives such as AMMs, lending, derivatives, staking, and restaking, and on-chain governance
• Experience evaluating smart-contract risk and interpreting audit reports, with technical fluency required (no coding requirement)
• Familiarity with MEV, oracle design, cross-chain bridges, and protocol upgrade patterns
• 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

Nice to have

• 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

What we offer

• Base salary range of $130,000 to $264,000 per year, with placement varying based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors
• Bonus or other variable compensation depending on the position and eligibility requirements
• Comprehensive health care coverage and emotional well-being support
• Market-leading retirement benefits
• Generous paid time off and parental leave
• Charitable giving employee match program
• Educational assistance including student loan repayment, tuition reimbursement, and learning resources
• Onsite working expectations vary by role and location as Fidelity transitions to a full-time onsite model

Please note: Fidelity does not provide immigration sponsorship for this position. Fidelity's business is governed by the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, and numerous state laws and regulations from self-regulatory organizations including FINRA. These laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain criminal histories.

About Fidelity Investments

Fidelity Digital Asset Management (FDAM) is Fidelity Investments' digital asset investment platform, offering products and services for 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 with support from the broader Fidelity enterprise.