We Are Hiring: Operational Due Diligence Consultant - Assistant Manager
Operational Due Diligence Consultant – Assistant Manager – perfORM – ICS – London
ROLE OVERVIEW
The team vision is to carry out thorough, independent and thoughtful operational due diligence to identify both operational risks and associated mitigating controls in our clients’ third-party fund investments, and for investment managers first-class consultancy services. perfORM focuses on producing better outcomes for our clients through best-in-class operational risk assessments.
We use technology to enable us to do this in a smart and efficient way, both for our clients and for the team. Operational due diligence is an established practice in the Alternatives space (for example hedge funds, private equity) for which clients need our services and we believe increasingly in demand from other market segments, including long-only, crypto, and service providers who can benefit from our expertise.
Our perfORM product is at its core repeatable, scalable and standardised for our clients. And yet it will be flexible to offer clients both in depth and ‘ODD-lite’ reviews depending on their needs – in effect either engaging all our expertise (in excess of 200 queries) or something more light touch. Whatever the need all queries will come from the same, standard database that will continuously be refined and improved, and enable significant scalability.
PURPOSE OF JOB
The operational due diligence analyst will work closely with the other team members to review operational due diligence questionnaires, service provider reviews and work towards completing client reports end-to-end across a multitude of different fund strategies, including hedge funds, private equity and long-only. Additionally the analyst with be involved in building our technology strategy and implementation to improve efficiency and client delivery.
MAIN RESPONSIBILITIES AND DUTIES
– Perform or assist with ODD reviews or lighter-touch ODD reviews by issuing appropriate Manager and Fund questionnaires to target investment manager and fund(s) on behalf of the clien
– Ensure timely receipt of questionnaires and complete any outstanding questions / gaps / documents
– Qualitatively assess operational risks across manager operations, staff, systems, information technology, compliance and service providers. This will include learning and understanding each ‘operational pillar’ so that where applicable solutions can be found to mitigate identified operational risks
– Assess manager and fund documentation including manager compliance, IT and fund governing documents
– Analyse results and prepare draft report
– Work closely with the team to ensure that priorities are agreed and client deadlines are met
– Contribute to ad hoc business initiatives including client pitches when required
– Assist with ensuring that the operational due diligence process consistently reflects market and best practice and any key industry topics are incorporated
– Maintain team documentation and assist policy creation
– Assist business development with some element of client facing activities / duties
– Assist with the build and continual development of our FolioMetrics system to service, streamline and provide better services to our clients including dashboards, API connectivity, automation and other related improvements
ESSENTIAL REQUIREMENTS
– Educated to a degree level
– Professional qualifications a significant benefit and relating to accounting or investment roles, for example CAIA, ACCA, ACA
– Critical to have an inquisitive and curious mindset
– Excellent attention to detail
– Excellent articulator, communication and people skills
– Able to work under pressure to set client deadlines
– Flexible, proactive and positive working approach
– Familiarity with IT systems and comfortable speaking to IT providers
– Fully competent in Word, Excel, PowerPoint and O365
– Willingness to travel as necessary