Hedge Funds, Operational Due Diligence – Vice President

iCapital; Toronto; On-site; CAD 120,000 - 180,000; Full time

Job summary

iCapital seeks a Vice President for its Research and Education team in Toronto. The role involves operational due diligence on investments, requiring deep expertise in risk management and analytical skills, all while fostering a collaborative culture. Join a company recognized internationally within the fintech space and contribute to innovative investment strategies.

Benefits

Comprehensive benefits package

Flexible work arrangements

Unlimited Paid Time Off (PTO)

100% premium coverage for Group Benefits

Qualifications

• 10-15 years of experience in operational due diligence, specifically in hedge funds.
• Strong analytical and problem-solving skills.
• Proven project management skills to handle multiple projects.

Responsibilities

• Conduct operational due diligence and assess external hedge fund managers.
• Prepare detailed reports on operational findings and provide strategic recommendations.
• Mentor junior team members to foster professional development.

Skills

Analytical skills

Problem-solving skills

Attention to detail

Project management

Interpersonal skills

Communication skills

Education

Bachelor's degree in finance, business administration, accounting

MBA or relevant professional certifications (e.g., CPA, CFA)

Job description

iCapital is powering the world’s alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, and banks evaluate and recommend bespoke public and private market strategies for their high-net-worth clients. iCapital services, approximately $228 billion in global client assets invested in 1,893 funds, as of March 2025.

iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2024); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023); and a four-time winner of MMI/Barron’s Solutions Provider award (See link below).

About the Role

iCapital is looking to hire a Vice President to join the Research and Education team. The individual will be responsible for overseeing and conducting operational due diligence on prospective and current investments focusing on hedge funds. The ideal candidate will have a deep understanding of operational risks, internal controls, and industry best practices. This role requires a strategic thinker with exceptional analytical skills, and the ability to communicate complex findings effectively.

Responsibilities

• Conduct assessments of external hedge fund managers and comprehensive operational due diligence on investment opportunities, including site visits, interviews with senior members of the non-investment team, service provider confirmations and detailed analysis of operational processes.
• Identify, evaluate, and mitigate operational risks associated with potential and existing investments.
• Prepare and present detailed operational due diligence reports, summarizing findings and providing recommendations.
• Perform ongoing monitoring of fund managers on a regular basis to ensure compliance with established standards and to identify material risks.
• Engage in ad-hoc projects to support the Alternatives platform.
• Work closely with Investment, Legal and Compliance teams and other stakeholders to ensure a holistic approach to due diligence and risk management.
• Stay abreast of industry trends, regulatory changes, and best practices in operational due diligence and risk management.
• Mentor and train junior team members, fostering a culture of continuous improvement and professional development.

Qualifications

• Bachelor's degree in finance, business administration, accounting, or a related field. MBA or relevant professional certifications (e.g., CPA, CFA) is preferred
• 10-15 years of experience in operational due diligence with 5-7 years directly in hedge funds, risk management, internal audit, or a related field within the investment industry
• Strong analytical and problem-solving skills with the ability to synthesize complex information
• Excellent written and verbal communication skills, with the ability to present findings clearly and persuasively
• Exceptional attention to detail and a commitment to delivering high-quality work
• Proven project management skills, with the ability to manage multiple projects and meet tight deadlines
• Strong interpersonal skills and the ability to build effective relationships with internal and external stakeholders

Benefits

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.

iCapital offers a comprehensive benefits package that includes a competitive total compensation package consisting of salary, bonus, and equity for all full-time employees. The Company pays 100% of the premium for all Group Benefits for you and your dependents. Some of these benefits include medical, dental, vision, prescription, life insurance and long-term disability. We offer a variety of Retirement Plans so of which have a company match. We offer unlimited Paid Time Off (PTO) and most employees the flexibility to work in the office three to four days and remotely for the remainder of the week. Every department has different needs, and some positions will be designated in-office jobs, based on their function. For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

iCapital is proud to support a fair and inclusive workplace, in which all applicants have an opportunity to fulfill their potential and every person has the right to equal treatment with respect to employment without discrimination. iCapital does not tolerate any discrimination contrary to the Ontario Human Rights Code, including on the grounds of race, ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity, gender expression, age, record of offences, marital status, family status or disability.