Hedge Funds, Operational Due Diligence - Vice President

About the position

iCapital is looking to hire a Vice President to join the Research and Education team. The individual will be responsible for overseeing and conducting operational due diligence on prospective and current investments focusing on hedge funds. The ideal candidate will have a deep understanding of operational risks, internal controls, and industry best practices. This role requires a strategic thinker with exceptional analytical skills, and the ability to communicate complex findings effectively.

Responsibilities

• Conduct assessments of external hedge fund managers and comprehensive operational due diligence on investment opportunities, including site visits, interviews with senior members of the non-investment team, service provider confirmations and detailed analysis of operational processes.
• Identify, evaluate, and mitigate operational risks associated with potential and existing investments.
• Prepare and present detailed operational due diligence reports, summarizing findings and providing recommendations.
• Perform ongoing monitoring of fund managers on a regular basis to ensure compliance with established standards and to identify material risks.
• Engage in ad-hoc projects to support the Alternatives platform.
• Work closely with Investment, Legal and Compliance teams and other stakeholders to ensure a holistic approach to due diligence and risk management.
• Stay abreast of industry trends, regulatory changes, and best practices in operational due diligence and risk management.
• Mentor and train junior team members, fostering a culture of continuous improvement and professional development.

Requirements

• Bachelor's degree in finance, business administration, accounting, or a related field. MBA or relevant professional certifications (e.g., CPA, CFA) is preferred.
• 10-15 years of experience in operational due diligence with 5-7 years directly in hedge funds, risk management, internal audit, or a related field within the investment industry.
• Strong analytical and problem-solving skills with the ability to synthesize complex information.
• Excellent written and verbal communication skills, with the ability to present findings clearly and persuasively.
• Exceptional attention to detail and a commitment to delivering high-quality work.
• Proven project management skills, with the ability to manage multiple projects and meet tight deadlines.
• Strong interpersonal skills and the ability to build effective relationships with internal and external stakeholders.

Benefits

• Base salary range of $145,000 to $180,000.
• Compensation package includes salary, equity for all full-time employees, and an annual performance bonus.
• Comprehensive benefits package that includes an employer matched retirement plan.
• Generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling.
• Parental leave.
• Unlimited paid time off (PTO).