Operational Due Diligence Analyst
Job Summary & Purpose:
Albourne Partners Limited Canada is looking for an Operational Due Diligence Analyst to join our team in Toronto, ON. Operational due diligence is the risk assessment of operational processes at a fund manager for an overall opinion to help Albourne’s clients make an investment decision. The role is to analyze, review and monitor operational processes and risks of alternative fund managers and prepare written research reports for clients.
Albourne is an industry leading investment consultant with offices around the globe. Our firm of 450+ employees provides advisory services to investors, including institutional investors, financial intermediaries and family offices, on over $550 billion of alternative investments across the liquidity spectrum. We specialize in Hedge Funds, Private Equity, Real Assets, Real Estate and Dynamic Beta.
Albourne strives to be a sustainable company with three main goals: 1) Aspiring to be a multi-generational firm with broad internal ownership and a Partnership structure; 2) Treating our employees and clients fairly; and 3) Advocating for positive change for its benefit and for the alternative investment industry – best practices have always been a defining part of who we are.
Operational Due Diligence (ODD) is one of Albourne’s largest investment functions with over 100+ employees across North America, Europe and Asia. Albourne Partners (Canada) Limited is an important centre for Albourne’s ODD activities, as the base for coverage of most North American alternative investment funds.
We work closely with clients to provide a thorough analysis of all non-investment related aspects of an investment manager’s business. In a typical day, we are liaising with investment managers to prepare a written research report which outlines risks and recommendations for Albourne’s clients. This includes reviewing an investment manager’s organization, investment operations, counterparty management, financing, valuation, information security, regulatory compliance, ESG and employment practices.
- Evaluate assigned alternative investment fund managers. Particular focus would include an assessment of operational risk and internal controls, examine documentation, review of staff and structure, and inspect information systems/technology infrastructure.
- Ongoing monitoring of assigned funds and updating written reports to reflect changes to the operations for those funds.
- Prepare clear, accurate, concise reports and recommendations to clients, in line with client and management deadlines.
- Liaise with clients and fund managers with respect to operational due diligence inquiries.
- Develop and implement company “best practices” with respect to operational due diligence. Stay current on industry standards and help to facilitate knowledge transfer within the ODD group and company.
- Contribute to business development activities
- Participation in project work to enhance the due diligence process and broader company initiatives.
- Act as an ambassador for Albourne at industry events.
- Ensure information within internal database is kept up to date and current
- Active idea contribution for client newsletter and intranet. Production of white paper research for distribution to clients.
- Mentoring ODD Support Analysts in Albourne’s ODD process
- Report potential conflicts to compliance and work with compliance to ensure that conflict disclosures appear on research reports
- University graduate or equivalent
- 4+ years relevant prior work experience, with knowledge or experience of one or some of the following areas - fund operations, fund administration, prime brokerage, audit, legal, compliance, technology & information security
- Strong written communication skills
- Possession of or advanced progression towards relevant professional qualifications (e.g. CFA, CAIA, CPA)
- Proactive self-starter, proficient time management and multi-tasking
- Professional demeanour and strong interpersonal skills.
- Systems literacy (excel, ppt, word, Outlook)
- Travel (frequent)
- Comply with terms of Albourne Compliance Manuals
- Attend company Offsites
- Regulatory registration (dependent on regional requirements)
- Comprehensive group health coverage
- Registered retirement savings program
- Bonus scheme
- Casual dress
- Education reimbursement
- Company events & social hours
- A collegiate work environment
- Wellness program (e.g. office yoga sessions, meditation, group activities, fun runs, inter-office competitions
- Sponsored charity day events and volunteering opportunities
- Biennial company offsite events
Albourne is an equal opportunity employer and values diversity in its workforce, encouraging applications from all qualified individuals.
Albourne Partners (Canada) Limited (“APCA” ) is in full compliance with the AODA
APCA will accommodate applicants’ disability-related needs, up to the point of undue hardship, throughout all stages of the recruitment and selection process. Any assessment and selection materials or processes used during the recruitment process will be available in an accessible format to applicants with disabilities, upon request. If you require a disability-related accommodation in order to participate in the recruitment process, please contact HR.
You need to be legally eligible to work in Canada at the location specified above and, where applicable, must have a valid work or study permit
Albourne thanks all applicants but only successful candidates will be contacted