Operational Due Diligence recruitment
The BlackRock Alternative Investors (BAI) team is charged with establishing BlackRock as the preeminent provider of alternative investment products globally. BlackRock has approximately $100 Billion in Alternative assets including hedge funds, private equity, fund of funds, real estate, real assets, and other hybrid strategies.
This unified operating platform combines expertise, resources, and capabilities across asset classes and it leverages resources within Blackrock's broad infrastructure and global investment team. The BAI platform includes investment teams located in San Francisco, Seattle, New York, Princeton, Durham, London, Hong Kong and Boston.
BlackRock Alternative Advisors (BAA), BlackRock's multi-manager platform, manages over $23 billion in assets across absolute return, private capital and hybrid strategies for a broadly diversified global client base. BAA emphasizes a consistent and long-standing application of investment philosophy and process. The BAA platform includes investment teams located in Seattle, New York, Princeton, Durham and London.
BlackRock's BAA team in New York is seeking an Operational Due Diligence Analyst.
Responsibilities:
- Help coordinate, prepare, and conduct onsite interviews with hedge fund managers CFOs, COOs, and other operational management and personnel
- Participate in onsite due diligence reviews on hedge fund operational support structure, internal controls, trade processing environments, process flows, and personnel
- Evaluate accounting and reporting processes and controls including cash management, valuation practices, and NAV analyses
- Review fund manager audited financial statements
- Review third party vendor relationships, agreement terms and perform onsite reviews of certain providers
- Obtain detailed understanding of counterparty exposures, financing terms and conditions and unencumbered cash
- Review hedge funds' legal documentation
- Assess appropriateness of compliance procedures, regulatory reporting and examination results
- Contribute to the overall operational risk measurement, monitoring, and reporting environments
- Prepare operational due diligence reports for communication to management
- Develop market intelligence and industry best practice by liaising with fund managers, administrators, valuation agents, non-executive directors, prime brokers, external auditors, and attorneys
Qualifications:
- Experience in public accounting, preferably 2-3 years with a Big Four audit firm or specialized firm serving hedge fund managers and/or 2-3 years hedge fund industry experience in back office/operational related role
- BA/BS required; CPA desirable as well as interest in pursuing CFA charter
- Capacity to keep the strategic vision of a company in sight while paying attention to the details of day-to-day operations
- Outstanding verbal and written communication skills
- Outstanding analytical and organizational skills
- Demonstrated track record of sound and accurate judgment
- Self-directed with a hands-on, "roll up the sleeves" approach
- Collaborative contributor who thrives in a team environment
- Naturally aligned with a defined set of key corporate values, including excellence, customer care, leadership, integrity and teamwork
BlackRock is proud to be an Equal Opportunity/Affirmative Action Employer--M/F/D/V.
Skills
BlackRock is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions -- from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.