Operational Due Diligence Analyst

Cerity Partners; New York (NY); Hybrid; USD 150,000 - 175,000; Full time

Benefits offered by this job

Health, dental, and vision insurance –

4% match 401(k) plan

Flexible PTO

Parental Leave

Education assistance

Community volunteering time

Commuter benefits

Job summary

Cerity Partners is seeking an Operational Due Diligence analyst to join its ODD team as a Senior Associate. You will independently conduct ODD reviews of third-party managers and funds, interfacing with investment teams and compliance.

The role offers hybrid or remote options within the United States, with travel across the U.S. and some international travel. A minimum of 5 years ODD experience and 7 years in the financial services industry is required.

Qualifications

• Bachelor's degree is required.
• Minimum of 5 years of Operational Due Diligence experience.
• Minimum of 7 years of overall work experience.
• Knowledge of hedge funds, public/private markets, and real assets.
• Strong written and verbal communication skills.
• Ability to work independently and meet deadlines.
• Familiarity with AI tools is a plus.

Responsibilities

• Independently conduct ODD reviews on third party investment managers across asset classes.
• Gather documentation and conduct meetings onsite or via videoconference.
• Prepare ODD reports with key findings and conclusions.
• Present findings to internal committees as needed.
• Collaborate with Investment, Legal, Compliance, and Operations as required.
• Travel frequently within the United States; some international travel may be required.

Skills

ODD experience

Independent reviewer

Analytical skills

Communication skills

Travel willingness

Education

Bachelor's degree

Advanced degree or professional designation (CPA, CFA, CAIA)

Job description

Position Summary

Cerity Partners is seeking an Operational Due Diligence (ODD) analyst to join its ODD team. The position offers a motivated candidate with a minimum of 5 years ODD experience and 7 years overall work experience the opportunity to gain exposure to a broad range of investments and deepen their ODD expertise on an established team at a growing organization. The position will have the corporate title of Senior Associate, reporting to the Head of ODD, and will involve frequent interaction with other ODD team members. Candidates able to work on a hybrid basis from a Cerity Partners office in New York or other locations in the United Status, or on a remote basis within the United States, will be considered. The primary responsibility of the role is to independently conduct and complete ODD reviews on a broad range of third party investment managers and funds. The ideal candidate will have prior experience independently conducting ODD reviews, existing subject matter expertise, a general enthusiasm for the ODD field and the ability to operate effectively in a dynamic environment.

Responsibilities outlined below represent the general scope and level of work assigned to the position. As firm and team requirements evolve, so too could the nature and level of responsibility of this role.

Primary Responsibilities

• Independently conduct ODD reviews on third party investment managers across multiple asset classes, investment strategies, geographies and jurisdictions.
• Initiate reviews, gather and review related documentation, and conduct investment manager and related meetings either onsite or by videoconference.
• Prepare ODD reports documenting key information, summarizing analysis and findings, and providing overall review conclusions.
• Present ODD review findings to internal committee/s, as needed.
• Assist with other ODD team tasks and deliverables, including ad hoc and ongoing project work, as needed.
• Interact with Cerity Partners colleagues outside of the ODD team, including investment team members, Legal, Compliance and Operations / Accounting, in the context of the ODD process and as needed.
• Remain informed on industry developments applicable to ODD.
• Frequent travel may be required, largely to meet with third party investment managers.
• Travel is expected to primarily be in the United States, however some international travel may be required.

Required Qualifications

• Bachelor's degree.
• Relevant advanced degree or industry qualification (CPA, CFA, CAIA) beneficial.
• Minimum of 5 years of Operational Due Diligence experience, with current ability to independently conduct ODD reviews, based on prior experience, through presenting to internal committee/s, as applicable.
• Minimum of 7 years of overall work experience, ideally in the financial services industry.
• Knowledge of different asset classes (hedge funds, public markets, private markets, real assets), product types (private funds, mutual funds, other) and regulatory jurisdictions (primarily USA, with some international, including Europe).
• Strong knowledge of operational best practice, counterparties, and service providers in the investment management industry.
• Proficient in detailed review of fund offering documents, financial statements, background checks and other widely-reviewed documents in the course of ODD reviews.
• Excellent written and verbal communication skills.
• Strong attention to detail, with accompanying analytical and problem-solving ability.
• Ability to work independently to deadline, while escalating pertinent items to applicable ODD team members as needed.
• Ability to multi-task.
• Professional demeanor and ability to interact effectively with senior members of third party managers and internal stakeholders.
• Proficiency with AI (Artificial Intelligence) tools and industry due diligence systems beneficial.
• Ability to thrive in a dynamic, complex and fast-paced environment.

Skills & Competencies

• Demonstrate strong and effective communication, organizational and time management skills.
• Drive to learn.
• Detail oriented.
• Ability to work in a team based/collaborative environment.
• Must accept and thrive in a fast-paced, changing environment.
• Adherence to all compliance policies & procedures.
• Demonstrate the Cerity Partners culture.

Physical Requirements

Prolonged periods sitting at a desk and working on a computer. Must be able to lift up to 15 pounds at times.

Compensation

Salary: $150,000 - $175,000 per annum. Eligible for discretionary annual bonus.

Why Cerity Partners

Our people drive our success by working together to deliver exceptional service to our clients. Below is a glimpse of the key elements of our total rewards package:

Benefits & Rewards

• Health, dental, and vision insurance – day 1!
• 401(k) savings and investment plan options with 4% match
• Flexible PTO policy
• Parental Leave
• Financial assistance for advanced education and professional designations
• Opportunity to give back time to local communities
• Commuter benefits

Cerity Partners is one of the nation’s leading independent financial advisory firms.

Equal Opportunity Employer Statement

Cerity Partners is committed to providing an environment where all individuals can be their authentic selves. We are an Equal Opportunity Employer who respects each individual and supports the diverse cultures, perspectives, and experiences of our colleagues. We are dedicated to building an inclusive and diverse workforce and will not discriminate based on race, religion, national origin, sex, sexual orientation, age, veteran status, disability status, or any other applicable characteristics protected by law.

Cerity Partners is committed to working with and providing accommodations to applicants with disabilities or special needs. For those needing accommodations, please reach out to [e-mail].

Applicants must be authorized to work for any employer in the U.S.

Ultimately, outstanding wealth management is about people and relationships. Our people are the nucleus of Cerity Partners. Each colleague brings unique expertise, commitment and knowledge to the firm and it is by working together that we achieve our mission to have a positive impact on the financial well‑being of our clients, colleagues and communities.

We truly care about what we do.

We serve high‑net‑worth individuals & their families, businesses, & their employees, and nonprofit organizations from our offices across the country. Our in‑house experts of tax advisors, financial planners, investment professionals, & retirement plan consultants are passionate about and committed to providing objective financial advice & oversight.

At Cerity Partners, we believe in the long view. We work with clients who appreciate our comprehensive and sustained approach to wealth management. We don’t just look for short-term gains, we seek long-term growth. We have the same approach to our people. We look for experienced and credentialed wealth management colleagues who can keep pace with us. We manage over $100 billion assets for our clients and we are routinely recognized as a Barron’s Top 100 RIA firms in the nation. The driving factor of our accelerated growth is our people. Located throughout the U.S., our teams consist of experts who are helpful, knowledgeable, sincere, and have the perseverance and capability to go the extra mile for our clients. We consider our firm a community that works together to serve one common goal: Finding diverse solutions to suit diverse financial needs.