Operational Due Diligence Analyst recruitment
Job Purpose:
The Citi Private Bank Managed Investments group is seeking a VP or AVP who will conduct operational due diligence reviews for our direct hedge fund and alternative investments for EMEA. This role will involve directly reporting to the Head of Operational Due Diligence in the UK and will require close communication with the operational and investment due diligence teams in the US.
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.
The candidate is expected to:
- 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
Skills
Knowledge / Experience
- Critical, organized with the ability to articulate concerns/issues effectively
- Excellent interpersonal and communication skills, oral and written required
- Flexibility to travel
Skills:
- Operational Due Diligence experience
- Hedge fund related work experience (e.g. auditing or accounting and back office operations)
- 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 preferred
Qualifications:
- Bachelor's degree, preferably in finance or accounting
- CFA and or Qualified Accountant
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Core Competencies:
- Analytical ability
- Initiative
- Planning and Organising
- Attention to Detail
- Communication Skills
- Team Work
- This role will suit a self-motivated individual with an ability to work in a growth environment