Associate - GIMA Operational Due Diligence (Wealth Management)

Position Summary

Global Investment Manager Analysis (GIMA), a unit within Investment Solutions (IS), provides comprehensive investment manager due diligence on a wide range of investment strategies, including separately managed accounts, mutual funds, exchange-traded funds, and private vehicles in the equity, fixed income, and alternative investments spaces. The GIMA team engages with a broad array of 3rd party investment managers to identify high quality strategies for portfolios

The operational due diligence associate will perform operational due diligence on alternative investment funds and managers as part of the ongoing monitoring process for existing relationships. Initial responsibility will be for liquid alternatives, but responsibility is expected to grow to include fund-of-funds, hedge funds, private equity, private credit, infrastructure, real estate, etc. Over time, the associate will gain skills to take on new manager/fund reviews

Core Functions

Operational assessments will consist of either a review of due diligence questionnaires (DDQs)/various manager documents for desk reviews or virtual meetings with senior professionals at the investment manager. Additionally, meetings/calls with key service providers such as administrators, valuation agents, auditors, etc. are conducted as necessary

Areas of focus for the review process: Organizational Structure & Staffing, Fund Structure, Internal Operations & Controls, Valuation, Service Providers & External Oversight, Legal & Compliance, Information Technology & BCP

Assess operational infrastructure, identify key risks, and document findings in a written report

Assist members of the OpDD team in saving down manager/fund materials (DDQs, PPMs, LPAs, financials, operational docs, etc.) to shared drive and document retention system

Ongoing Activities Include

Interact with internal teams as appropriate, including Investment Due Diligence, Product Management, Legal, Operations, Risk, Investor Relations, and Sales

Support a team atmosphere including idea sharing, learning, and back-up

Remain abreast of industry trends, regulatory matters, and market events affecting funds, managers, clients, and the industry

Perform project work or other responsibilities as directed by the Head of Operational Due Diligence, including collection of financial statements, financial statement reviews, media monitoring, and oversight of vendor relationships

Skills Required

Looking for a candidate that has the desire to learn operational due diligence or expand their basic skillset of operational due diligence within a growing team of experienced operational due diligence professionals