Vice President, DeFi Product Manager
Fidelity InvestmentsAbout the role
Job Description:
The Role
The DeFi Product Developer 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, f
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