Associate, Operational Due Diligence
Carlyle, New York, NY, United States
AlpInvest is seeking an Operational Due Diligence (ODD) Associate to help lead operational risk assessments of private equity managers (GPs) globally. The role involves preparing for and leading operational due diligence reviews, interfacing directly with senior GP executives (e.g., CFO, COO, CCO, Head of Operations, Technology), and producing written ODD summaries to support internal diligence reviews and Investment Committee decision making.
The position will support both pre investment due diligence and ongoing monitoring of existing managers. A key component of the role is improving the team’s monitoring and workflow processes through strong technical skills, including advanced Excel and practical use of AI tools to enhance tracking, reporting, and operational efficiency.
Responsibilities
Education & Certificates Professional certifications such as CPA, CAIA, or similar preferred Professional Experience
Minimum of 4–6+ years of overall relevant experience, required Experience in fund administration, audit, operational due diligence, internal controls, or finance roles within asset management or private markets, preferred Experience reviewing private markets managers or investment funds, preferred Familiarity with regulatory frameworks and operational best practices relevant to investment managers, preferred Strong analytical and problem solving skills with the ability to evaluate operational risks and control environments. Excellent written and verbal communication skills, with the ability to present complex information clearly and persuasively. Strong project management skills, with the ability to handle multiple concurrent reviews and deadlines. Advanced Excel skills and strong overall technical aptitude. Willingness to travel domestically and internationally up to 20%, if necessary The compensation range for this role is specific to New York, NY and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications. The anticipated base salary range for this role is $130,000 to $150,000. In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance. Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by Carlyle. Qualifications
Diligence Planning and Execution Support and lead operational due diligence reviews of private equity managers globally. Prepare diligence agendas and conduct meetings with senior GP leadership and control owners. Evaluate operational risk across key areas including governance, operations, fund administration oversight, valuation controls, expense management, compliance, and technology infrastructure. Review and assess service provider arrangements including administrators, auditors, and other third party vendors. Provide support to Head of Operational Due Diligence with various administrative functions such as processing background checks, sanctions screening, report writing, and more as needed. Documentation and Reporting
Review key diligence documentation including audited financial statements, management letters, due diligence questionnaires, policies and procedures, regulatory filings, and internal control documentation. Prepare clear and concise ODD reports summarizing operational risks, control frameworks, and key findings. Provide recommendations and escalation points for internal stakeholders and Investment Committee review. Ongoing Monitoring
Support the monitoring of approved managers through periodic updates, issue tracking, and review of material operational developments. Maintain structured records of diligence work and monitoring activity. Process Improvement and Technology
Improve the team’s operational diligence workflows, templates, and tracking systems. Develop enhanced monitoring tools using Excel or similar platforms. Identify opportunities to responsibly incorporate AI tools to improve research, summarization, and documentation efficiency. Company Information
The Carlyle Group (NASDAQ: CG) is a global investment firm with $477 billion of assets under management, across 678 investment vehicles as of December 31, 2025. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,500 professionals operating in 27 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle’s purpose is to connect people, ideas, and capital to fuel growth for companies and performance for investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments – Global Private Equity, Global Credit and Carlyle AlpInvest – and has deep expertise across industries, markets, and geographies. At Carlyle, we believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." Reflecting this view, emphasis is placed on development, retention and inclusion through our internal processes and seven Employee Resource Groups (ERGs). We cultivate a culture where ideas are openly shared and challenged, connecting diverse expertise and perspectives to drive enduring value.
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Education & Certificates Professional certifications such as CPA, CAIA, or similar preferred Professional Experience
Minimum of 4–6+ years of overall relevant experience, required Experience in fund administration, audit, operational due diligence, internal controls, or finance roles within asset management or private markets, preferred Experience reviewing private markets managers or investment funds, preferred Familiarity with regulatory frameworks and operational best practices relevant to investment managers, preferred Strong analytical and problem solving skills with the ability to evaluate operational risks and control environments. Excellent written and verbal communication skills, with the ability to present complex information clearly and persuasively. Strong project management skills, with the ability to handle multiple concurrent reviews and deadlines. Advanced Excel skills and strong overall technical aptitude. Willingness to travel domestically and internationally up to 20%, if necessary The compensation range for this role is specific to New York, NY and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications. The anticipated base salary range for this role is $130,000 to $150,000. In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance. Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by Carlyle. Qualifications
Diligence Planning and Execution Support and lead operational due diligence reviews of private equity managers globally. Prepare diligence agendas and conduct meetings with senior GP leadership and control owners. Evaluate operational risk across key areas including governance, operations, fund administration oversight, valuation controls, expense management, compliance, and technology infrastructure. Review and assess service provider arrangements including administrators, auditors, and other third party vendors. Provide support to Head of Operational Due Diligence with various administrative functions such as processing background checks, sanctions screening, report writing, and more as needed. Documentation and Reporting
Review key diligence documentation including audited financial statements, management letters, due diligence questionnaires, policies and procedures, regulatory filings, and internal control documentation. Prepare clear and concise ODD reports summarizing operational risks, control frameworks, and key findings. Provide recommendations and escalation points for internal stakeholders and Investment Committee review. Ongoing Monitoring
Support the monitoring of approved managers through periodic updates, issue tracking, and review of material operational developments. Maintain structured records of diligence work and monitoring activity. Process Improvement and Technology
Improve the team’s operational diligence workflows, templates, and tracking systems. Develop enhanced monitoring tools using Excel or similar platforms. Identify opportunities to responsibly incorporate AI tools to improve research, summarization, and documentation efficiency. Company Information
The Carlyle Group (NASDAQ: CG) is a global investment firm with $477 billion of assets under management, across 678 investment vehicles as of December 31, 2025. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,500 professionals operating in 27 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle’s purpose is to connect people, ideas, and capital to fuel growth for companies and performance for investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments – Global Private Equity, Global Credit and Carlyle AlpInvest – and has deep expertise across industries, markets, and geographies. At Carlyle, we believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." Reflecting this view, emphasis is placed on development, retention and inclusion through our internal processes and seven Employee Resource Groups (ERGs). We cultivate a culture where ideas are openly shared and challenged, connecting diverse expertise and perspectives to drive enduring value.
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