Note: The job is a remote job and is open to candidates in USA. Cerity Partners is seeking an Operational Due Diligence Analyst, with the corporate title of Senior Associate, to join its ODD team. The role independently conducts operational due diligence reviews of third-party investment managers and funds, prepares reports and presents findings, while collaborating with internal stakeholders and monitoring industry developments.
Responsibilities
- Independently conduct ODD reviews on third party investment managers across multiple asset classes, investment strategies, geographies and jurisdictions. Initiate reviews, gather and review related documentation, and conduct investment manager and related meetings either onsite or by videoconference. Prepare ODD reports documenting key information, summarizing analysis and findings, and providing overall review conclusions. Present ODD review findings to internal committee/s, as needed
- Assist with other ODD team tasks and deliverables, including ad hoc and ongoing project work, as needed
- Interact with Cerity Partners colleagues outside of the ODD team, including investment team members, Legal, Compliance and Operations / Accounting, in the context of the ODD process and as needed
- Remain informed on industry developments applicable to ODD
- Frequent travel may be required, largely to meet with third party investment managers. Travel is expected to primarily be in the United States, however some international travel may be required
Skills
- Bachelor's degree
- Minimum of 5 years of Operational Due Diligence experience, with current ability to independently conduct ODD reviews, based on prior experience, through presenting to internal committee/s, as applicable
- Knowledge of different asset classes (hedge funds, public markets, private markets, real assets), product types (private funds, mutual funds, other) and regulatory jurisdictions (primarily USA, with some international, including Europe)
- Strong knowledge of operational best practice, counterparties, and service providers in the investment management industry
- Proficient in detailed review of fund offering documents, financial statements, background checks and other widely-reviewed documents in the course of ODD reviews
- Excellent written and verbal communication skills
- Strong attention to detail, with accompanying analytical and problem-solving ability
- Ability to work independently to deadline, while escalating pertinent items to applicable ODD team members as needed
- Ability to multi-task
- Professional demeanor and ability to interact effectively with senior members of third party managers and internal stakeholders
- Ability to thrive in a dynamic, complex and fast-paced environment
- Demonstrate strong and effective communication, organizational and time management skills
- Drive to learn
- Detail oriented
- Ability to work in a team based/collaborative environment
- Must accept and thrive in a fast-paced, changing environment
- Prolonged periods sitting at a desk and working on a computer
- Must be able to lift up to 15 pounds at times
- Minimum of 7 years of overall work experience, ideally in the financial services industry
- Relevant advanced degree or industry qualification (CPA, CFA, CAIA) beneficial
- Proficiency with AI (Artificial Intelligence) tools and industry due diligence systems beneficial
Benefits
- Eligible for discretionary annual bonus.
- Health, dental, and vision insurance – day 1!
- 401(k) savings and investment plan options with 4% match
- Flexible PTO policy
- Parental Leave
- Financial assistance for advanced education and professional designations
- Opportunity to give back time to local communities
- Commuter benefits
- Hybrid work arrangement
- Remote work within the United States may be considered
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