Operational Due Diligence -AVP

• Primary Location: United Kingdom,England,London
• Education: Bachelor's Degree
• Job Function: Private Client Product Mgmt
• Schedule: Full-time
• Shift: Day Job
• Employee Status: Regular
• Travel Time: No
• Job ID: 19006541

Description

Job Purpose:

The Citi Private Bank Managed Investments group is seeking an Operational Due Diligence VP / AVP who will conduct operational due diligence reviews for our direct hedge fund and alternative investments globally.  This role will involve directly reporting to the Global Head of Operational Due Diligence in London and will require close communication with the operational and investment due diligence teams globally.

Area Overview:

Citi Private Bank is a trusted advisor to the world's wealthiest, most influential individuals and families. Like Citi's government, institutional and multinational corporate clients, Citi Private Bank clients receive bespoke service and access to the best ideas and solutions tailored to their unique needs and aspirations. A part of Citi's Institutional Clients Group, Citi Private Bank offers a wide range of products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance and banking. Among its select clients are a third of the world's billionaires, many of whom are globally minded entrepreneurs with an expectation of an institutional level of service, who take advantage of Citi's holistic approach to wealth management.
Citi Private Bank is represented by more than 1,000 private bankers, investment professionals and product specialists across a network of 90 offices in 33 countries and over 128 currencies worldwide, making it the most global private bank.

Responsibilities:

• Qualitatively assess investment manager operations, internal controls and risks as well as assessing third party providers through thorough onsite reviews
  
  
• Review manager and fund documentation including Formation Documents, Offering Memorandums, Service Provider and Financing Agreements.
  
  
• Conduct ongoing reviews of investments
  
  
• Write formal assessments of reviews for internal and external distribution
  
  
• Maintain operational due diligence policies and procedures with industry best practices and develop future enhancements of Citi's Ops due diligence program
  
  
• Coordinate the service provider and counterparty confirmation process globally, and reconcile prime broker, fund accounting and audit data
  
  
• Attend and assist in performing manager and service provider due diligence reviews
  
  
• Attend industry conferences to develop and share market intelligence with team members.
  
  
• Assist in ad-hoc projects and reviews necessitated by current market events
  

Qualifications

Person Specification:

• Previous experience in conducting Operational Due Diligence (min of 2 years)
  
  
• Related experience with Financial Services, preferably private equity / real estate / hedge fund related work experience
  
  
• Knowledge of hedge fund strategies and trades, valuation and reconciliation issues and best practices of the industry.
  
  
• Knowledge of global regulatory and compliance rules and regulations
  

Skills:

• Critical, organized with the ability to articulate concerns/issues effectively to senior investment management professionals (i.e. CFO, controllers, prime brokers, Administrators, etc.)
  
  
• Excellent interpersonal and communication skills, oral and written required
  
  
• Proactive attitude focusing on creating ideas and plans for correcting issues
  
  
• Must have attention to detail and accuracy
  
  
• Flexibility to travel
  

Qualifications:

• Bachelor's degree, preferably in finance or accounting
  
  
• CFA and/or CAIA designation
  

Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Valuing Diversity:

Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.

Citi is an Equal Opportunities Employer