Assistant Vice President/Vice President-GIMA Operational Due Diligence

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 Assistant Vice President/Vice President 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 director 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

Oversee a team of research analysts who will be responsible for:

o Performing 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, real estate, etc

o Operational assessments that 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, and auditors will be conducted as necessary

o Overseeing 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

o Assessing operational infrastructure, identifying key risks, and documenting findings in a written report

o Assisting 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 id