Operational Due Diligence Analyst, Alternative Investments
Raymond James, St. Petersburg, FL, United States
Operational Due Diligence Analyst, Alternative Investments – Raymond James
Under general supervision, uses specialized knowledge and skills obtained through experience and formal training to develop and maintain an alternative investment operational due diligence program. Coverage universe will span the spectrum from private equity, hedge funds, real estate and credit products. Will communicate regularly with outside fund managers, analyze fund operations, and prepare written reports based on analysis performed. Collaborate with Raymond James Alternative Investments Group (AIG) Operations and Due Diligence teams to obtain information needed from fund sponsors. Guidance is provided to perform varied, complex functions with the responsibility for making non-routine decisions; however, the incumbent is expected to perform the role with a high degree of independence.
Essential Duties and Responsibilities
Assist in the development and maintenance of a formal operational due diligence plan. Update design as needed on a regular basis.
Perform operational risk reviews of funds. Prepare written reports based on these reviews.
Conduct onsite due diligence reviews on third party managers and service provider operational support, internal controls, trade processing, and employees.
Evaluate accounting and reporting processes and controls including cash management, valuation practices, and NAV analysis.
Review financial statements and any other relevant reports on the firms’ control environments.
Analyze funds' adherence to internal compliance policies and regulatory requirements.
Create and execute an annual project plan to cover all required investment due diligence reviews.
Willingness to embrace technology and employ lessons learned to improve operational due diligence processes.
Develop and/or distribute topical reports to educate on pertinent regulatory updates or industry trends related to operational due diligence topics.
Perform other duties and responsibilities as assigned.
Knowledge
Operations of broker dealers, hedge funds, and private equity firms
Fund accounting procedures and audit
Intermediate investment concepts, practices and procedures used in the securities industry
Financial markets and products
Quantitative and qualitative understanding of the investment management business and performance measurement
Understanding of major securities acts and how they apply to alternative investment funds
Skills
Performance calculations
Analyzing financial information including audited financial statements
Proficiency in Excel and Access
Abilities
Produce accurate information on products and projects
Exhibit excellent written, verbal and interpersonal communication skills
Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast‑paced work environment
Attend to detail while maintaining the big picture orientation
Read, interpret, analyze and apply information from professional publications
Meet many deadlines to provide quarterly and monthly data to internal associates and external Financial Advisors
Work independently as well as in a team environment
Assist in leading meetings and contribute to team efforts by ensuring all relevant information is included in the outcomes
Education / Previous Experience
Bachelor’s Degree (B.A.) in accounting or finance and preference for a minimum of two years of experience at a broker/dealer or hedge fund or private equity firm
OR any equivalent combination of experience, education, and/or training approved by Human Resources
Licenses / Certifications
SIE required provided that an exemption or grandfathering cannot be applied.
Series 7 within 6 months
Prefer candidate for the CFA, CIMA or CAIA
Work Experience General Experience: 13 months to 3 years
Travel Less than 25%
Workstyle Hybrid
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Essential Duties and Responsibilities
Assist in the development and maintenance of a formal operational due diligence plan. Update design as needed on a regular basis.
Perform operational risk reviews of funds. Prepare written reports based on these reviews.
Conduct onsite due diligence reviews on third party managers and service provider operational support, internal controls, trade processing, and employees.
Evaluate accounting and reporting processes and controls including cash management, valuation practices, and NAV analysis.
Review financial statements and any other relevant reports on the firms’ control environments.
Analyze funds' adherence to internal compliance policies and regulatory requirements.
Create and execute an annual project plan to cover all required investment due diligence reviews.
Willingness to embrace technology and employ lessons learned to improve operational due diligence processes.
Develop and/or distribute topical reports to educate on pertinent regulatory updates or industry trends related to operational due diligence topics.
Perform other duties and responsibilities as assigned.
Knowledge
Operations of broker dealers, hedge funds, and private equity firms
Fund accounting procedures and audit
Intermediate investment concepts, practices and procedures used in the securities industry
Financial markets and products
Quantitative and qualitative understanding of the investment management business and performance measurement
Understanding of major securities acts and how they apply to alternative investment funds
Skills
Performance calculations
Analyzing financial information including audited financial statements
Proficiency in Excel and Access
Abilities
Produce accurate information on products and projects
Exhibit excellent written, verbal and interpersonal communication skills
Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast‑paced work environment
Attend to detail while maintaining the big picture orientation
Read, interpret, analyze and apply information from professional publications
Meet many deadlines to provide quarterly and monthly data to internal associates and external Financial Advisors
Work independently as well as in a team environment
Assist in leading meetings and contribute to team efforts by ensuring all relevant information is included in the outcomes
Education / Previous Experience
Bachelor’s Degree (B.A.) in accounting or finance and preference for a minimum of two years of experience at a broker/dealer or hedge fund or private equity firm
OR any equivalent combination of experience, education, and/or training approved by Human Resources
Licenses / Certifications
SIE required provided that an exemption or grandfathering cannot be applied.
Series 7 within 6 months
Prefer candidate for the CFA, CIMA or CAIA
Work Experience General Experience: 13 months to 3 years
Travel Less than 25%
Workstyle Hybrid
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