Operational Due Diligence Analyst

Jefferies•New York, NY

7d•$140,000 - $155,000•Onsite

About The Position

Leucadia Asset Management is a diversified alternative asset management platform which offers institutional clients an innovative range of investment strategies through its affiliated asset managers. At the foundation of the platform lies a focus on strategic alignment across the Leucadia Asset Management, its asset managers, and its institutional partners. Leucadia Asset Management provides its affiliated asset managers with potential access to stable long-term capital, established operational infrastructure, as well as global distribution. Leucadia Asset Management offers institutional investors the opportunity to invest alongside its parent company Jefferies Financial Group, which maintains investments with and/or equity interests in the asset managers on the platform. Our approach is enhanced by the stability and support of Jefferies Financial Group, which is a diversified Fortune 500 financial services firm with $23Bn of permanent capital and a 40-year history. Leucadia Asset Management seeks an Operational Due Diligence Analyst to assess and monitor managers and products across alternative investment strategies, including hedge funds, private equity, structured credit, venture capital and multi‑manager offerings. The Analyst will execute pre‑investment diligence, ongoing monitoring and event‑driven reviews, collaborating closely with Senior Management, Legal, Compliance, Risk, Operations and Technology to identify, quantify and mitigate operational risks.

Requirements

Prior experience at an outsourced due diligence consultant, asset manager/allocator, fund‑of‑funds, or audit/consulting firm focused on alternatives.
Demonstrated coverage of alternative strategies (e.g., long/short equity, macro, quant, event‑driven, private credit/direct lending, special situations, distressed, private equity, buyout/growth, venture capital, structured credit).
Strong understanding of fund structures, legal documentation, fee/expense frameworks, liquidity terms, valuation methodologies, and control environments.
Working knowledge of relevant regulatory regimes (e.g., SEC, CFTC/NFA, AIFMD) and reporting (Form ADV/PF).
Exceptional written communication with the ability to produce concise, actionable reports.
High proficiency in Excel, PowerPoint and Visio; strong project management with the ability to handle multiple concurrent reviews and deadlines.

Responsibilities

Pre‑Investment ODD: Lead comprehensive operational assessments covering:
Governance, organization & key personnel
Trade execution, operations, and middle/back‑office processes
Fund accounting, NAV oversight, expense controls, and cash management
Valuation processes, methodologies, and controls
Compliance programs & regulatory frameworks
IT, cybersecurity, data governance & disaster recovery
Risk management frameworks
On‑Site/Virtual Diligence: Plan agendas, conduct meetings and walkthroughs with COOs, CFOs, CCOs, Heads of Operations/Technology, and key service providers.
Documentation Review: Analyze offering docs and legal agreements (PPM, LPA, subscription docs, side letters), fund structures, fee/expense frameworks, liquidity terms, regulatory filings (e.g., Form ADV/PF), SOC 1/2 reports, audited financial statements, management letters, valuation memos, and compliance policies/procedures.
Service Provider Oversight: Evaluate administrators, custodians, prime brokers, auditors, valuation agents, loan servicers, and technology/data vendors for independence, service quality, and operational resilience.
Reporting: Produce clear, decision‑oriented ODD reports; present findings, mitigants and recommendations to senior management.
Ongoing Monitoring: Execute periodic refreshes and event‑driven reviews; track incidents, operational changes, significant audit observations, regulatory updates, control remediation, and contractual amendments.

Benefits

Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.

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