Raymond James
Director, Alternative Investments Operational Due Diligence
Raymond James, St. Petersburg, Florida, United States, 33739
Job Description Summary
Leads operations activities, including the planning, organizing and execution; contributes to overall strategy development.
Job Description Under very limited supervision, the Director of Alternative Investment Operational Due Diligence utilizes specialized knowledge and skills obtained through direct work experience and formal training to develop and maintain an alternative investment operational due diligence program designed to provide high net worth clients with a platform of non‑traditional investment opportunities. Coverage universe will span the spectrum of hedge funds, private equity funds, real‑estate funds, managed futures funds, and other non‑traditional investment opportunities. The Director is expected to lead onsite diligence meetings and communicate regularly with the C‑Suite of external fund managers to acquire information necessary to analyze investment structures, offering terms, trading and operations, along with legal and compliance programs. The Director retains latitude for unreviewed decision making and autonomy with respect to fund manager interactions. Upon completion of review, it is expected that that Director provide a supported recommendation within written reports based on analysis performed. Further, the individual may also participate in economic negotiations and be expected to present to large groups as appropriate. Limited guidance is provided to perform varied, complex functions with the responsibility for making non‑routine decisions; the incumbent is expected to perform the role with a high degree of independence.
Essential Duties And Responsibilities
Ass‑ist with leading the further development and maintenance of AIG’s operational due diligence program. Update design as needed on a regular basis.
Perform operational risk reviews of funds. Prepare written reports based on these reviews.
Conduct and lead onsite due diligence reviews of third‑party asset 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 asset managers’ adherence to internal compliance policies and regulatory requirements.
Create and execute an annual project plan to cover all required ongoing operational due diligence reviews.
Willingness to embrace technology and employ lessons learned to improve operational due diligence processes.
Provide strategic mentorship and coaching to team members, fostering growth and improving skill sets.
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 – External Knowledge, Skills, and Abilities Knowledge Of
Operations of broker dealers, hedge funds, private equity, and similar firms
Fund accounting procedures and audit
Complex investment concepts, practices and procedures used in the securities industry
Financial markets and complex 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
Excellent written and verbal communication across varying groups and individuals, both formal and informal
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 to seven (5‑7) years of experience at a broker/dealer, hedge fund, private equity firm, or similar in a related role.
Licenses/Certifications
Prefer CAIA, CFA, or CPA
Education Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance
Work Experience General Experience – 10 to 15 years, Manager Experience – 6 to 10 years
Certifications Securities Industry Essentials Exam (SIE) – Financial Industry Regulatory Authority (FINRA)
Travel Less than 25%
Workstyle Hybrid
Company Commitment 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 honor, value, and respect the uniqueness, experiences, and backgrounds of all of our associates. When associates bring their best authentic selves, the organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
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Job Description Under very limited supervision, the Director of Alternative Investment Operational Due Diligence utilizes specialized knowledge and skills obtained through direct work experience and formal training to develop and maintain an alternative investment operational due diligence program designed to provide high net worth clients with a platform of non‑traditional investment opportunities. Coverage universe will span the spectrum of hedge funds, private equity funds, real‑estate funds, managed futures funds, and other non‑traditional investment opportunities. The Director is expected to lead onsite diligence meetings and communicate regularly with the C‑Suite of external fund managers to acquire information necessary to analyze investment structures, offering terms, trading and operations, along with legal and compliance programs. The Director retains latitude for unreviewed decision making and autonomy with respect to fund manager interactions. Upon completion of review, it is expected that that Director provide a supported recommendation within written reports based on analysis performed. Further, the individual may also participate in economic negotiations and be expected to present to large groups as appropriate. Limited guidance is provided to perform varied, complex functions with the responsibility for making non‑routine decisions; the incumbent is expected to perform the role with a high degree of independence.
Essential Duties And Responsibilities
Ass‑ist with leading the further development and maintenance of AIG’s operational due diligence program. Update design as needed on a regular basis.
Perform operational risk reviews of funds. Prepare written reports based on these reviews.
Conduct and lead onsite due diligence reviews of third‑party asset 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 asset managers’ adherence to internal compliance policies and regulatory requirements.
Create and execute an annual project plan to cover all required ongoing operational due diligence reviews.
Willingness to embrace technology and employ lessons learned to improve operational due diligence processes.
Provide strategic mentorship and coaching to team members, fostering growth and improving skill sets.
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 – External Knowledge, Skills, and Abilities Knowledge Of
Operations of broker dealers, hedge funds, private equity, and similar firms
Fund accounting procedures and audit
Complex investment concepts, practices and procedures used in the securities industry
Financial markets and complex 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
Excellent written and verbal communication across varying groups and individuals, both formal and informal
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 to seven (5‑7) years of experience at a broker/dealer, hedge fund, private equity firm, or similar in a related role.
Licenses/Certifications
Prefer CAIA, CFA, or CPA
Education Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance
Work Experience General Experience – 10 to 15 years, Manager Experience – 6 to 10 years
Certifications Securities Industry Essentials Exam (SIE) – Financial Industry Regulatory Authority (FINRA)
Travel Less than 25%
Workstyle Hybrid
Company Commitment 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 honor, value, and respect the uniqueness, experiences, and backgrounds of all of our associates. When associates bring their best authentic selves, the organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
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