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