Operational Due Diligence Officer

World Bank Group•Washington, DC

3d•Onsite

About The Position

The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated in the strictest confidence. The Operational Due Diligence Officer will work within a collaborative team to deliver timely, high-quality operational due diligence reviews and ongoing monitoring across asset classes. The role includes reviewing audited financial statements, investment activity reports, Form ADV filings, and other relevant information; maintaining current review records; and supporting risk-based oversight of investment managers and external ODD providers.

Requirements

Master's degree in Accounting, Finance, or a related field, with at least five years of relevant professional experience, or an equivalent combination of education and experience.
Candidates must have a minimum of two years of relevant operational due diligence experience supporting a multi-asset portfolio, including alternative investments.
Working knowledge of investment manager operations, investment concepts and terminology, accounting, internal controls, operational due diligence, and regulatory compliance.
Demonstrated quantitative and qualitative analytical skills, strong technical proficiency, and an ability to use AI and other emerging technologies would be an advantage.
Strong organizational and analytical skills, with a process-oriented mindset, attention to detail, critical-thinking ability, and an interest in solving complex problems.
Excellent interpersonal, written, verbal, and presentation skills, with the ability to work collaboratively with internal and external stakeholders.
A high degree of intellectual curiosity and proficiency in data analysis, research methodologies, valuation concepts, and financial reporting.
A high level of initiative, self-confidence, and self-motivation, with the ability to apply a practical and mature approach to problem-solving with minimal supervision.
Commitment to working in a respectful, team-oriented, and multicultural environment, together with willingness to travel for manager reviews, training, and team projects, as required.
Commitment to the highest ethical standards.

Nice To Haves

Demonstrate the ability to collaborate effectively across teams, disciplines, cultures, and institutional boundaries.
Responsibly leverage digital and AI-enabled tools to enhance productivity, learning, and decision-making.
Bring experience working in fragile, conflict-affected, and violent (FCV) contexts and are encouraged to highlight relevant experience in their application materials, where applicable.

Responsibilities

Evaluate the overall quality of investment managers' organizations, including accounting, valuation, reporting, audit, regulatory compliance, and operational and IT infrastructure, to assess the control environment and ensure the proper safeguarding of Pension Plan assets.
Identify operational (non-investment) risk factors and recommend measures to mitigate those risks based on reviews of investment managers' and funds' legal, financial, and other documentation.
Manage relationships with strategic external operational due diligence providers, when used, including oversight of deliverables, review and challenge of findings, risk assessments, prioritization of reviews, and integration of results into the Pension Plans' operational due diligence framework.
Conduct and participate in onsite and virtual operational due diligence reviews of investment managers, including meetings with senior management, documentation of findings, and follow-up on identified risks and action items.
Synthesize review results into comprehensive written reports that highlight key risks and analyze the operational environment of prospective investments.
Present operational due diligence review results to investment committees, explaining findings with reference to industry best practices, regulatory requirements, and limited partnership agreements.
Establish and maintain relationships within the investment management industry to remain informed of market developments, industry trends, and regulatory matters that could affect investment managers.
Advise on operational matters relating to hedge funds and alternative investments, including private equity, private credit, and real assets. Areas may include client reporting, valuation, performance measurement, fund administration, and detailed reviews of valuation methodologies and processes.