Vice President, Operational Due Diligence (Maspeth)

Compensation

: $132,420.00 - $206,040.00 /year *

Employment Type

: Full-Time

Industry

: Executive Management



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Job Description - Vice President, Operational Due Diligence (0000CGES)

Job Description

Description

The Operational Due Diligence Analyst will have responsibility for performing operational due diligence reviews for investments in hedge funds .Such responsibilities will include conducting due diligence reviews, drafting assessment reports of managers, and making presentations to the regional research committees. Knowledge of hedge fund operations and/or audit in the asset management business is required. Strong written and verbal communication skills are required. It is anticipated that the position will include about 20% travel.

Job Responsibilities:

Conduct on-site operational due diligence meetings of external asset managers as part of the ODD program. These meetings discuss all areas of operations to assess the strength of the organization and its ability to mitigate operational risk.

Document due diligence meetings conducted in the specified report template and present findings to the regional research committee .

Perform regulatory research and reviews for managers

Analyze underlying manager financial statements.

Research foreign markets to assess regulatory and tax issues involving trading/establishing a local presence in those markets.

Assist team members on special projects.

Impact on the Business

The addition of this role will increase our due diligence capability, ensuring that we cover all aspects of our current and prospective investments to the highest level.

Customers / Stakeholders

HSBCs Alternative Investment Group and Global Private Bank

Leadership & Teamwork

To work with the hedge fund research team, private equity team and real estate team with regard to funds/managers that need to be covered.

Operational Effectiveness & Control

Spot opportunities for business development as well as sources of risk

Pro-active, Ethical, Profit yet Risk oriented

Management of Risk

Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.

Observation of Internal Controls

The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/procedures.

The term compliance embraces all relevant financial services laws, rules and codes with which the business has to comply. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.

The following statement is only for roles with managerial or specific Compliance responsibilities

The jobholder will implement measures to contain compliance risk across the business area. This will be achieved by liaising with Compliance department about business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

Qualifications

8-10 years working in within an audit firm auditing investment products (hedge funds) or the operations and/or audit departments of an asset management firm or; operational due diligence preferred.

Undergraduate Bachelors degree in accounting and finance and with a Chartered Accountant qualification or Chartered Financial Analyst qualification

Working knowledge of industry standards for the asset management industry, specifically hedge fund, including familiarity with policies, procedures and best practices.

Knowledge of hedge funds and pooled investment products.

Strong written and verbal communication skills.

Strong audit and/or operations experience required.

Works well in team environment.

Good analytical skills.

Strong organizational skills.

Proficient with computers and Microsoft Office products and Research databases and tools

Self-starter, able to demonstrate initiative, well-developed time management skills.

EEO/AA/Minorities/Women/Disability/Veterans

Job Field

: Asset and Wealth Management

Primary Location

: North America-United States-New York-New York


Associated topics: administrative assistant, administrative coordinator, administrative officer, administrative staff, administrative support, assistant, associate, document, facilities, operational support * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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