Operational Due Diligence Senior Associate
Company: Neuberger Berman
Posted on: June 13, 2021
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages a range of
strategies-including equity, fixed income, quantitative and
multi-asset class, private equity, real estate and hedge funds-on
behalf of institutions, advisors and individual investors globally.
With offices in 35 countries, Neuberger Berman's diverse team has
2,345 professionals. For six consecutive years, the company has
been named first or second in Pensions & Investments Best Places to
Work in Money Management survey (among those with 1,000 employees
or more). The firm was awarded an A+ in every category in the
latest 2020 Principles for Responsible Investment (PRI) report for
our approach to ESG integration across asset classes. The firm
manages $405 billion in client assets as of December 31, 2020. For
more information, please visit our website at www.nb.com.
NB Alternatives - Operational Due Diligence Team. NB
Alternatives manages approximately $82 billion for institutional
and high net worth clients across a range of commingled fund of
funds and customized portfolios.
This Operational Due Diligence team member will play an integral
role in overseeing and maintaining the Alternatives Operational Due
Diligence program and directly impacting overall investment
decisions. In addition, this role will provide a high level of
direct interaction with senior personnel on both the investment and
non-investment teams of the firm. The role's primary responsibility
is to conduct operational due diligence reviews on both existing
and prospective investments maintained with third party alternative
fund managers (i.e. hedge, private equity, venture capital) and
non-bank lenders (e.g. fintech lenders). The right candidate will
be able to identify operational risks based on key investment
characteristics (e.g. strategy, firm/team, product offering), and
assessing the operating infrastructure in place to mitigate these
risks. Reviews conducted will be focused on firm/fund structuring,
trading, valuation, portfolio accounting and fund administration,
counterparty risk, technology, and compliance. The candidate should
be comfortable leading onsite meetings with C-level executives, and
be able to succinctly document the findings of their review. In
addition, the candidate must be able to maintain ownership of the
broader ODD review process of a roster of over 200 alternative fund
managers and specialty lenders across various strategies (i.e.
hedge funds, private equity, venture capital, specialty finance),
and ensuring that all investments are reviewed in a timely and
ongoing manner, as necessary.
Maintain ownership of the full ODD review life cycle for both
existing and prospective investments.
Gather and analyze information from fund managers and specialty
lenders during the investment decision-making process via onsite
meetings held with senior members of the firm's non-investment team
(e.g. COO, CFO, GC/CCO, CTO).
Identify key areas of operational risk and ensure that the
appropriate mitigating controls have been implemented.
Communicate due diligence findings to the Investment Team and
other decision makers at the firm as necessary.
Document and track the operational due diligence review process
via the maintenance of a proprietary ODD memo and internal tracking
Conduct ongoing service provider due diligence.
Stay abreast of industry best practices and key events across a
number of areas (e.g. regulatory, technology/systems, trading)
while maintaining ownership of projects focused on the analysis of
key risks within the portfolios.
Communicate with clients on an as-needed basis.
- Engage in ad hoc operational projects to support the broader
Minimum 4-5 years of experience required; advisory, traditional
audit/tax, or operational due diligence experience strongly
preferred but comparable fund accounting, trading, fund
administration, or hedge/PE fund operations experience will be
Familiarity with various hedge fund strategies (e.g. l/s equity,
credit, global macro); as well as private equity / venture
Superior oral communication skills; Candidates must be
comfortable leading onsite meetings with C-level professionals and
engaging with investors. In addition, written skills are essential
to maintaining internal documentation which may be made available
for client consumption.
Strong attention to detail; Must be able to consume and
triangulate information and data from multiple sources and
ultimately reconcile any conflicts.
Must be able to independently formulate, and confidently
Ability to support ongoing reviews and take the lead on ad hoc
projects while maintaining accountability and ensuring that
internal deadlines are met; Must be able to multi-task and
prioritize multiple projects in an efficient manner.
Willingness and ability for domestic and international
Proficient in Microsoft Office.
- CPA, JD, CAIA or CFA a plus.
Neuberger Berman is an equal opportunity/affirmative action
employer. The Firm and its affiliates do not discriminate in
employment because of race, creed, national origin, religion, age,
color, sex, marital status, sexual orientation, gender identity,
disability, citizenship status or protected veteran status, or any
other characteristic protected by local, state, or federal laws,
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Keywords: Neuberger Berman, Dallas , Operational Due Diligence Senior Associate, Other , Dallas, Texas
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