Operational Due Diligence Analyst
Full Time
Saint Petersburg, FL 33716
Posted
Job description
Under general supervision, uses specialized knowledge and skills obtained through experience and formal training to develop and maintain an alternative investment operational due diligence program. Coverage universe will span the spectrum from publicly registered alternative mutual funds to private equity products. Will communicate regularly with outside fund managers, analyze fund operations, and prepare written reports based on analysis performed. Collaborate with Raymond James Alternative Investments Group (AIG) Operations and Due Diligence teams to obtain information needed from fund sponsors. 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.
Essential Duties and Responsibilities:
- Assist in the development and maintenance of a formal AIG operational due diligence plan. Update design as needed on a regular basis.
- Perform operational risk reviews of funds. Prepare written reports based on these reviews.
- Conduct onsite due diligence reviews on third party managers and service provider operational support, internal controls, trade processing, and employees.
- Evaluate accounting and reporting processes and controls including cash management, valuation practices, and NAV analysis.
- Review financial statements and any other relevant reports on the firms’ control environments.
- Analyze funds' adherence to internal compliance policies and regulatory requirements.
- Create and execute an annual project plan to cover all required operational due diligence reviews.
- Willingness to embrace technology and employ lessons learned to improve operational due diligence processes.
- Interact with Raymond James Financial Advisors to answer questions about the operational infrastructure of funds on the Raymond James platform.
- Actively support the AIG product teams’ efforts to ensure platform competitiveness and advisor satisfaction while meeting the firm’s regulatory/oversight responsibilities.
- Develop and/or distribute topical reports to educate advisors on pertinent regulatory updates or industry trends related to operational due diligence topics.
- Maintain an archive of relevant regulatory updates and educational materials that may be easily referenced by advisors and other employees of the AIG team.
- Perform other duties and responsibilities as assigned.
Qualifications
Knowledge, Skills, and Abilities:
Knowledge, Skills, and Abilities:
Knowledge of:
- Operations of broker dealers, hedge funds, and private equity firms
- Fund accounting procedures and audit
- Intermediate investment concepts, practices and procedures used in the securities industry
- Financial markets and products
- Quantitative and qualitative understanding of the investment management business and performance measurement
- Understanding of major securities acts and how they apply to alternative investment funds
Skill in:
- Performance calculations
- Analyzing financial information including audited financial statements
- Proficiency in Excel and Access
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 AIG 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
Educational/Previous Experience Requirements:
- Bachelor’s Degree (B.A.) in accounting or finance and a minimum of five (5) of experience at a broker/dealer or hedge fund or private equity firm
~or~
- Any equivalent combination of experience, education, and/or training approved by Human Resources
Licenses/Certifications:
- SIE required provided that an exemption or grandfathering cannot be applied.
- Series 7 within 6 months
- Prefer candidate for the CFA, CPA or CFP
Raymond James Guiding Behaviors
We expect our associates at all levels to:
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
- Grow professionally and inspire others to do the same
- Work with and through others to achieve desired outcomes
- Make prompt, pragmatic choices and act with the client in mind
- Take ownership and hold themselves and others accountable for delivering results that matter
- Contribute to the continuous evolution of the firm
Job Investment Management
Primary Location US-FL-St. Petersburg-Saint Petersburg
Organization Private Client Group
Schedule Full-time
Shift Day Job
Travel Yes, 50 % of the Time
Eligible for Discretionary Bonus Yes
#LI-JM1
offroadmanagementgroup.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, offroadmanagementgroup.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, offroadmanagementgroup.com is the ideal place to find your next job.