Senior Analyst - Liquid Alternatives Due Diligence

Ameriprise Financial Services, LLC • Minneapolis, MN

5d • $114,500 - $157,400 • Hybrid

About The Position

Lead manager research, selection, and ongoing due diligence for Liquid Alternative investment strategies across mutual funds, separately managed accounts (SMAs), and exchange-traded funds (ETFs). Serve as the primary research lead for the Liquid Alternatives asset class, overseeing manager coverage, conducting investment and operational due diligence, monitoring performance and risk, and recommending manager selection, approval, retention, watch status, and removal.

Interact directly with external investment managers, produce research and investment recommendations, communicate findings to internal stakeholders and investment committees, and act as an organizational subject matter expert on Liquid Alternatives. Support advisor education, wholesaling initiatives, product development, marketing material reviews, and cross-functional projects as needed.

The role works in the office at least four days per week, with flexibility to work from home one day per week. The estimated base salary is $114,500–$157,400 per year. Total compensation may vary based on job-related knowledge, skills, experience, and work location; eligible roles may also receive variable compensation. The company offers vacation and sick time, a 401(k), and health, dental, and life insurance. Applicants must have work authorization that does not require current or future U.S. visa sponsorship.

Requirements

• At least 5 years of experience in investment research, manager due diligence, investment consulting, asset allocation, or a related investment role.
• Bachelor's degree in Finance, Economics, Investments, or a related field, or equivalent experience.
• Experience evaluating investment products and managers using qualitative and quantitative research methodologies.
• Strong analytical skills and proficiency with FactSet, Morningstar Direct, Bloomberg, or similar investment research platforms.
• Exceptional written and verbal communication skills, including presenting recommendations to senior stakeholders and investment committees.
• Ability to independently manage a research coverage universe and prioritize competing responsibilities.
• Active FINRA Series 7 license or ability to obtain it within 120 days.
• Valid U.S. work authorization that does not now or in the future require visa sponsorship.

Nice To Haves

• Knowledge of Liquid Alternative strategies, including hedge fund replication, long/short equity, market neutral, managed futures, global macro, multi-strategy, credit, and alternative income approaches.
• Experience conducting manager selection and ongoing manager oversight.
• Experience presenting investment recommendations to investment committees or senior leadership.
• Strong understanding of portfolio construction, risk management, and performance attribution.
• Experience interacting directly with third-party asset managers and institutional investment firms.
• Intellectual curiosity, ownership, and attention to detail.
• CFA and/or CAIA designation, or progress toward completion.

Responsibilities

• Lead manager research, due diligence, and selection for Liquid Alternative mutual funds, SMAs, and ETFs.
• Serve as the primary research owner for the Liquid Alternatives asset class, maintain assigned manager coverage, and identify new investment opportunities.
• Analyze investment managers qualitatively and quantitatively, including their investment philosophy, process, people, performance, portfolio construction, risk management, and operational capabilities.
• Conduct ongoing due diligence, performance evaluation, risk assessment, and regular engagement with portfolio management teams.
• Prepare and maintain investment research reports, manager scorecards, and updates for internal stakeholders and investment committees.
• Recommend manager additions, retention, watch status, and removal from approved and recommended lists.
• Communicate investment insights and recommendations to investment committees, senior leadership, financial advisors, and internal partners.
• Build and manage relationships with external asset managers and strategic partners.
• Serve as a subject matter expert on Liquid Alternative strategies, portfolio applications, and industry developments.
• Support advisor education, wholesaling initiatives, product development, marketing material reviews, and cross-functional projects.

Benefits

• Vacation time
• Sick time
• 401(k)
• Health insurance
• Dental insurance
• Life insurance
• Variable pay may be available in the form of bonus, commissions, and/or long-term incentives, depending on the role.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior