Operational Due Diligence Lead
About The Position
The Associate on UTIMCO’s Operational Due Diligence team owns significant components of the organization’s ODD program and serves as a content resource for external investment manager and direct investment operational reviews. The role leads assigned workstreams, evaluates complex operational risk areas, coaches colleagues, coordinates with investment teams, and prepares high-quality reports and recommendations supporting investment selection, monitoring, and risk mitigation. The position requires in-office work four days per week, Monday through Thursday, and domestic and international travel as needed for onsite reviews, meetings, conferences, or other ODD program needs. Employees are subject to UTIMCO’s Code of Ethics and personal securities trading restrictions and reporting obligations, including those related to household and dependent accounts.
Requirements
- Bachelor’s degree in Accounting, Finance, or a related field.
- Five or more years of relevant experience in operational due diligence, investment operations, audit, compliance, risk management, asset management, investment consulting, or related fields.
- Experience conducting operational due diligence on direct investments in individual companies.
- Ability to own review processes, assess operational risk, document conclusions, and communicate practical recommendations.
- Thorough working knowledge of external manager operations, fund documentation, service provider oversight, audit reports, compliance materials, technology controls, and operational risk concepts.
- Strong proficiency with Microsoft Word and Excel and ODD workflow tools, data sources, and document repositories.
- Ability to use approved AI-enabled tools responsibly to improve document review, questionnaire analysis, research, report drafting, issue tracking, and process documentation, with appropriate validation and oversight.
- Elevated attention to detail and commitment to accurate, complete, and well-supported analysis.
- Strong verbal and written communication skills, including the ability to communicate clearly with internal and external stakeholders.
- Constructive, can-do attitude and commitment to acting in the best interests of the organization.
- Collegial team player who is intellectually curious and acts with honesty, integrity, and transparency.
- Availability to travel domestically and internationally as needed for onsite reviews, manager or direct investment meetings, conferences, or other ODD program needs.
Nice To Haves
- Experience leading investment manager or direct investment reviews, onsite diligence, operational risk assessments, audit work, compliance reviews, or investment operations projects.
- CFA, MBA, CAIA, CPA, FRM, or a related credential.
Responsibilities
- Own assigned ODD review processes for new and existing external investment partners across multiple asset classes and industries.
- Review manager and direct investment documentation, fund terms, regulatory filings, audit reports, compliance materials, service provider relationships, technology controls, and operating infrastructure.
- Participate in and help lead onsite reviews with senior management and investment support functions.
- Prepare, review, and refine written ODD reports describing operational frameworks, risk issues, proposed solutions, and best-practice recommendations.
- Provide candid feedback to investment teams and external managers or direct investments on deficiencies and potential remediation steps, where appropriate.
- Maintain and improve ODD policies, procedures, templates, process documentation, and technology-enabled workflow practices.
- Coach analysts and senior analysts on documentation review, issue identification, report writing, and workflow discipline.
- Lead scheduled projects and special reporting requests, including process enhancements and program development efforts.
- Use ODD functional knowledge to help colleagues solve problems, improve review quality, and complete work accurately.
- Encourage cross-team work and involve others in developing practical solutions for manager and direct investment risk issues.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
