Investment Due Diligence Analyst

Raymond James•Saint Petersburg, FL

1d•Hybrid

About The Position

Responsible for the implementation of processes and infrastructure to ensure delivery of high-quality products and timeliness of product operations. May include learning to employ basic technological concepts (e.g., data structures and database design) in order to work with Information Technology professionals in implementing process improvement and risk mitigation projects and due diligence responsibilities such as, gathering information, analyze operational risk performance, identify possible risks and make recommendations for operational improvements to product offerings. Job Summary: Under general supervision, uses specialized knowledge and skills obtained through experience and formal training to develop and maintain an investment due diligence program. Coverage universe will span the spectrum from publicly registered mutual funds to privately registered products, such as CITs or SMAs. Will communicate regularly with outside fund managers, analyze fund operations, and prepare written reports or slides based on analysis performed. Collaborate with Raymond James Due Diligence teams to obtain information needed from fund sponsors. Provide support and material to IFS Investment Committee and to the Due Diligence manager for review and monitoring of discretionary investment products. 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.

Requirements

Knowledge of: Investment processes and how to properly vet, analyze, and monitor fund managers.
Equity, fixed-income, commodity, real estate, and other alternative investment markets.
Advanced investment concepts, practices and procedures used in the securities industry.
Quantitative and qualitative understanding of the investment management business and performance measurement.
General understanding of ERISA and applicable Department of Labor requirements for qualified plans
Skill in: Performance calculations.
Analyzing financial information and attribution reports.
Proficiency in Excel and Morningstar Direct, Power Point and Microsoft Office suite products.
Ability to: Produce accurate information on products and projects.
Exhibit excellent written, verbal and interpersonal communication skills, as this position will be a contact point for Financial Advisors who wish to talk in detail about all aspects of IFS and specifics about investment managers and performance reporting.
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.
Bachelor’s Degree (B.A.) in economics or finance and a minimum of five (5) years experience at a broker/dealer, registered investment advisor or asset manager.
OR Any equivalent combination of experience, education, and/or training approved by Human Resources
SIE required provided that an exemption or grandfathering cannot be applied.
Series 7 strongly preferred, if not already registered, will be expected to obtain within 90 days from start date.

Nice To Haves

Prefer CFA Candidate or CFA Charterholder

Responsibilities

Assist in the development and maintenance of a formal discretionary due diligence platform. Will provide reviews and analysis on asset managers within the platform.
Prepare written reports and power point presentations based on these reviews.
Conduct onsite or virtual due diligence meetings on third party managers and service provider operational support, internal controls, trade processing, investment process, etc.
Analyze funds' adherence to internal policies and regulatory requirements.
Present manager information and reviews to Investment Committee and due diligence team.
Willingness to embrace technology and employ lessons learned to improve due diligence processes.
Interact with Raymond James Financial Advisors to answer questions about the performance and analysis of funds on the Raymond James platform.
Assist in generating and creating quarterly fiduciary reports and assisting sales with analysis and education on investment products.
Monitor and ensure plans within the program are in compliance.
Actively support the product teams’ efforts to ensure platform competitiveness and advisor satisfaction while meeting the firm’s regulatory/oversight responsibilities.