Due Diligence Analyst Job Description

Due Diligence Analyst Job Description

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Due diligence analyst provides daily support to the Bank’s BSA Officer and EDD Manager by assisting with the interpretation and implementation of the Bank’s BSA/AML procedures and related Compliance Programs.

Due Diligence Analyst Duties & Responsibilities

To write an effective due diligence analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included due diligence analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Evaluating fund and firm ownership structure, valuation procedures, trade flow and internal controls, disaster recovery procedures, infrastructure, service providers, and compliance environment
Ensure proper compliance protocols/procedures are adhered to and applied correctly
Escalate high risk records or applications to the Manager/Director, Due Diligence or AML Compliance as appropriate, and obtain sign-off as per established COE policies and procedures
Generate required information and data to support periodic Management, Compliance, and Audit reporting
Liaise with various members of the Financial Crime Compliance Teams, the Client Onboarding Team and the businesses regarding EDD research, findings and recommendations
Update the Company’s KYC systems and databases with the most current AML/KYC client information
Actively participate in initial operational due diligence visits and calls with potential and existing investment advisors to evaluate their overall control environment including, but not limited to, trading and settlement processes, accounting and valuation policies and procedures, and compliance policies and procedures
Documentation of all due diligence activity in AIMS proprietary systems
Escalate high risk records or applications to the Manager/Director, Due Diligence or AML Compliance as appropriate, and obtain approvals as per established policies and procedures
Perform operational risk reviews of funds

Due Diligence Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Due Diligence Analyst

List any licenses or certifications required by the position: CAMS, CFE, AML, CPA, ACAMS, KYC, PMP, CRCM, CBAP

Education for Due Diligence Analyst

Typically a job would require a certain level of education.

Employers hiring for the due diligence analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Business, Accounting, Sound, Economics, Management, Law, MBA, Education, Legal

Skills for Due Diligence Analyst

Desired skills for due diligence analyst include:

BSA/AML
Compliance
Internal policies and procedures and the adherence thereof
KYC/CDD and FinCEN related laws and regulations
Systems
“Boolean Search” logic techniques
Financial markets and products
KYC/Due Diligence
Customer Identification Programs
Operations

Desired experience for due diligence analyst includes:

Properly identify risks and escalate derogatory/high risk findings to Senior Management
Conducting business and operational due diligence reviews on new and existing hedge fund investments including onsite visits and interviews with senior management of the firm
Reviewing all manager and fund specific documentation including due diligence questionnaires, offering documents, regulatory filings, audit reports
Present due diligence findings and recommendations to Alternative Investments Committee via a comprehensive written and verbal report
Supporting the regional sales force through presentations to financial advisors, and current and prospective clients
Responsible for managing a significant portion of the investment and portfolio management business for a specific region or unit

Due Diligence Analyst Examples

1

Due Diligence Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of due diligence analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for due diligence analyst
  • Entering data into databases and background checking systems including biographical details for individuals being background checked, check findings and other due diligence related information
  • Conduct on-site operational due diligence meetings of external asset managers as part of the ODD program
  • Perform Client Risk Scoring, Client Identification, and KYC documentation reviews for on boarding (new clients/accounts) and KYC Refresh/Remediation (existing clients/accounts)
  • Track and report on file progress including percentage completed, sign off status, pending responses, and action plan to obtain necessary information
  • Provide support to other COE staff and the Hub, responding to day to day questions as they relate to client review efforts for high, medium & standard risk clients
  • Assist in the preparation of Unusual Transaction Reports (UTRs) and Suspicious Activity / Transaction Reports (SARs / STRs), and other regulatory reports and communications as needed
  • Participate in related industry seminars and training as needed to enhance the knowledge of, and keep apace with global KYC requirements
  • Participate in regular update meetings to identify gaps, address risks,and implement process improvements or efficiencies for the COE
  • Leverage and share client and stakeholder feedback to enhance quality and client experience
  • Implement, or assist with the implementation of special projects and initiatives as assigned by the Manager/Director, Due Diligence
Qualifications for due diligence analyst
  • Experience with research databases
  • Degree in Finance, Economics, Accounting or other relevant field
  • Alternative asset experience is a plus
  • Min 1 year work experience in professional work environment
  • Strong knowledge of public records databases a plus
  • Knowledge of “Boolean Search” logic techniques an asset
2

Due Diligence Analyst Job Description

Job Description Example
Our company is hiring for a due diligence analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for due diligence analyst
  • Provide support to other COE staff and the Hub, responding to day to day questions as they relate to client review efforts for high, medium & low risk clients
  • Prepare Unusual Transaction Reports (UTRs) and Suspicious Activity / Transaction Reports (SARs / STRs), and other regulatory reports and communications as needed
  • Support the implementation of special projects and initiatives
  • Assists in the investment manager approval process for the firm’s dual contract platform
  • Enter completed template in PEP and negative media repository to monitor relationships associated country summaries
  • Provide support to other members of the global Hub residing in foreign countries, responding to day to day questions as they relate to client review efforts for high, medium & standard risk clients
  • Implement, or assist with the implementation of special projects and initiatives as assigned by the Manager
  • Review various forms of documentation and conduct interviews to establish facts pertaining to business and operational risk
  • Write detailed reports containing comprehensive information and analysis related to the business and operational environment at the hedge funds
  • Work with the client information team on ad hoc projects
Qualifications for due diligence analyst
  • Requires Certified Anti-Money Laundering Specialist (CAMS) designation or equivalent or willingness to achieve designation within 12 months of position start date
  • Strong Bahasa Melayu language reading and writing skills required
  • Strong Chinese language reading and writing skills required
  • Strong Bahasa Indonesia language reading and writing skills required
  • Maintains a working knowledge of AML/KYC requirements including OSFI, and other applicable Canadian regulations, USA PATRIOT Act, SEC, and other applicable U.S. regulations, Financial Action Task Force (FATF) global AML guidelines
  • Possesses the ability to assess, impact, influence and take initiative
3

Due Diligence Analyst Job Description

Job Description Example
Our company is looking for a due diligence analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for due diligence analyst
  • Liaising with clients both internal and external in an efficient and professional manner
  • Engagement with external provider of Transfer Agent Monitoring Programme
  • Reporting to management and governing bodies on exceptional investments that don’t pass Initial Assessment
  • Other duties as assigned may include participation in on-boarding of clients, Safekeeping of Assets and asset verification, Transfer Agency Oversight, analysis of data from Prime Brokers
  • Assist in ensuring audit responsibilities are comprehensively covered
  • Ensuring reporting requirements for both Internal and External clients are achieved on a monthly basis
  • Acts as the subject matter expert to provide accurate and timely execution with respect to Canadian requirements for colleagues, and service partners
  • Leverage and share client and stakeholder feedback to enhance quality and client experience, and assist with the implementation of special projects and initiatives
  • Monitor and report all operational risk at hedge funds and private equity funds the documentation of operational procedures and ongoing developments
  • Conducting background checks on individuals and organizations using government, industry and proprietary sources
Qualifications for due diligence analyst
  • Exercises good judgement, confidentiality and discretion in communicating with colleagues and partners
  • Relevant work experience in AML/KYC on boarding
  • Strong understanding and subject matter expertise in AML
  • Degree educated with extensive research and analytical experience
  • Strong sense of client focus
  • Proactive, self motivated, outstanding attention to detail and well-organised
4

Due Diligence Analyst Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of due diligence analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for due diligence analyst
  • Reviewing documents including presentations, organizational charts, financial and legal documents, and meeting transcripts for pertinent information
  • Developing subject area expertise in background checking-related topics such as public records research including court records and filings with financial regulatory agencies
  • Collaborating with background checking colleagues on results analysis and business process and procedures
  • Assisting with special projects and administrative tasks including scanning, document importing and filing
  • Analyzing investment/fund performance to determine how portfolio returns align with various market environments
  • Implementing decisions by guiding manager/fund inclusion in model portfolios
  • Perform investment and operational due diligence assessments on fund managers and specialized investment managers involving analysis and assessment of prospective strategy, investment process, risk management practices, operational controls, and legal/regulatory disclosures
  • Review materials received and prepare fund manager summaries for internal review
  • Present investment findings and recommendations to the firm’s investment committee
  • Communicate with fund managers to request and obtain desired information and documents on an initial and ongoing basis
Qualifications for due diligence analyst
  • CAMS or equivalent AML certification
  • Proficient communication, customer services and interpersonal skills
  • Prior experience with KYC documentation, documentation review and Goldtier System
  • Fluency in English and a second language is essential
  • 7 to 10 years investment experience with operational knowledge related to alternative investment products and managers (fund-of-funds, hedge funds, private equity)
  • Language skills – Spanish and/or Portuguese strongly preferred
5

Due Diligence Analyst Job Description

Job Description Example
Our company is hiring for a due diligence analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for due diligence analyst
  • Coordinate with service providers for timely receipt of independent reports
  • Attend industry conferences and events to assist in sourcing new fund managers
  • Update and maintain firm databases and spreadsheets
  • Compile and archive supporting diligence documentation and materials
  • Assist in management and training of junior team members
  • Support other special requests
  • Coordinate, prepare for and actively participate in on-site due diligence meetings with senior management of potential and existing investment advisors and evaluate their processes, policies, procedures and controls
  • Coordinate and review background investigations of senior management of potential and existing investment advisors
  • Analyze audited financial statements from underlying funds to identify departures from generally accepted accounting principles, qualifications of audit opinions, performance, related party transactions and other unusual attributes
  • Review offering and legal documents for underlying funds in search of “off-market” terms or language
Qualifications for due diligence analyst
  • Relevant course work in criminology, law and logic a plus
  • Reviewing third party service provider relationships and agreement terms performing onsite reviews of these service providers
  • Comprehensive understanding of AML/BSA/OFAC regulations
  • Possesses proficient analytical skills and attention to detail
  • Solid relevant work experience in AML/KYC on boarding in financial services industry
  • Sound knowledge of global AML/KYC guidelines such as FATF Canada specific regulatory requirements (per OSFI B-8, FINTRAC Guildlines, Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations)

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