Due Diligence Associate Job Description

Due Diligence Associate Job Description

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Due diligence associate provides fund administration services to domestic and offshore hedge fund and private equity fund clients.

Due Diligence Associate Duties & Responsibilities

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

Sample responsibilities for this position include:

Work closely with the Business Units and Control Groups (AML, Anti-Corruption Group, Legal ) on matters pertaining to client onboarding and various reputational/franchise risks
Oversee hedge fund operational due diligence
Assist in the evaluation of the overall quality of hedge fund systems, controls, infrastructure and personnel in order to identify issues relevant to the overall investment decision
Review various forms of documentation and assist in the preparation for onsite meetings to establish facts pertaining to hedge fund business and operational risk
Ensure operational excellence in the AML/KYC on-boarding, client data maintenance, and remediation/KYC refresh processes and suggest or adopt best practices for process improvements to be shared across the global Hub
Analyze existing operational infrastructure at existing funds on the AIG platform, compare the funds’ infrastructure and control environment against industry standards, and make written recommendations on potential improvements to the AIG Investment Committee, the funds themselves
Performs human resource management activities, including identifying performance problems and approving recommendations for remedial action
Advise Sr
Create mandate and correspondence files
Perform other duties as directed by Sr

Due Diligence Associate Qualifications

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

Licensing or Certifications for Due Diligence Associate

List any licenses or certifications required by the position: CPA, CAMS, KYC, AML, ACAMS, EIT, CFE, HAZWOPER, OSHA, PG

Education for Due Diligence Associate

Typically a job would require a certain level of education.

Employers hiring for the due diligence associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Business/Administration, Technology, Economics, Public Accounting, Engineering, Law, Environmental Science

Skills for Due Diligence Associate

Desired skills for due diligence associate include:

Customer Identification Programs
Financial markets and products
Private equity industry and limited partnership agreements
Legal documentation
AML
CIP
EDD and KYC regulatory requirements
Hedge fund
Private equity operations/controls and understanding of alternative investment strategies
Servicing senior level executives and high net worth financial advisors

Desired experience for due diligence associate includes:

Conduct asset class specific research on investment strategies
Interact with WFM and Wilshire Consulting colleagues in servicing clients’ needs
Improve analytical and financial modelling skills
Draft sections of financial due diligence reports for our corporate, banking and private equity clients
Identify key value drivers and deal breakers (financial and non financial)
Be a part of international and multi-disciplinary teams to deliver an integrated Transactions Services product

Due Diligence Associate Examples

1

Due Diligence Associate Job Description

Job Description Example
Our growing company is looking for a due diligence associate. 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 associate
  • Participate in calls and in-person meetings with senior hedge fund personnel, service providers, and other related parties
  • Build and maintain relationships with hedge fund managers and service providers
  • Developing and maintaining a high level of product knowledge related to Hedge Fund Investments
  • Assisting with the development and maintenance of data and user tools related to Hedge Fund monitoring
  • Understand and interpret the compliance and regulatory aspects driving Line of Business monitoring needs
  • Assist with financial due diligence
  • Similarly, participate in on-going monitoring of existing investment advisers via periodic and accelerated updates, highlighting issues or noteworthy developments to appropriate teams
  • Actively assist in AIMS-wide projects actively participate in and lead Operational Due Diligence initiatives
  • Build and maintain industry expertise necessary to effectively engage senior personnel at investment advisers and assess adequacy of overall control environment
  • Build and maintain an understanding of relevant risk metrics and analytical approaches
Qualifications for due diligence associate
  • A flexible working style
  • Self development and active management of feedback
  • Leaders of the future – willingness to lead is a positive
  • A Bachelor’s degree is required in engineering or business
  • 2-3 years of transaction experience at a Big 4 accounting firm
  • CPA or actively pursuing certification
2

Due Diligence Associate Job Description

Job Description Example
Our innovative and growing company is hiring for a due diligence associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for due diligence associate
  • Participates in I&TS AML related initiatives, preparing materials and leading discussions on regulatory & project development, and impact analysis
  • Lead KYC workflow application infrastructure integration and act as general AML/KYC data management coordinator
  • Analysing hedge fund financial statements with the goal of identifying key risks that the business and fund investment poses to potential / current investors
  • Escalate high risk records or applications to the Director, Due Diligence Europe or AML Compliance as appropriate, and obtain approvals as per established policies and procedures
  • Assist with AML Compliance Training on identification and reporting of suspicious activity
  • Perform supporting role in conducting and documenting initial and anniversary operational due diligence meetings
  • Work closely with the internal investment team to prepare for business / operational reviews related to imminent and existing investments
  • Write detailed reports containing comprehensive information and analysis related to the business and operational environment at the hedge funds which are published to the investment committee
  • Help to identify current investments that undergo significant change over time in order to determine necessity of “as-needed” monitoring
  • Provide high level backup to team members by spotting abnormalities or inconsistencies
Qualifications for due diligence associate
  • Minimum 5 years Business Analyst work experience or experience in managing a team or group of Business Analysts
  • 1-3 years experience in KYC/Due Diligence preferred
  • Fluency in written and spoken Hindi is a must
  • Knowledge and understanding of Indian legislative, executive, and judicial branches would be a plus
  • Able to influence others and prioritize workload / multitask
  • Strong sense of accountability and ownership of quality
3

Due Diligence Associate Job Description

Job Description Example
Our growing company is hiring for a due diligence associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for due diligence associate
  • Performing risk analytics of platform funds including exposures reports, attribution, and AUM related reporting
  • Preparing and maintaining manager commentary and analysis related to the performance of individual funds
  • Creating and preparing monthly or quarterly fact sheets for platform funds
  • Assisting with the due diligence process and ongoing fund monitoring
  • Run Transactions Advisory Services (TAS) engagements throughout the transaction process, and coordinate the work performed by multiple service lines and cross-functional teams
  • Team with partners and managers on proposals and business development calls
  • Supervise, train, and mentor associates on TAS processes
  • Assess performance of associates for engagement and year-end reviews
  • Develop process/work flow maps
  • Prepare and maintain documented procedures for the Global Due Diligence team in accordance with Canadian regulation, enterprise standards, and due diligence policies
Qualifications for due diligence associate
  • Apply existing industry experience to the deals environment
  • Good business writing and Excel skills
  • Success driven and self-motivated
  • Less relevant experience or complementary experience will be considered
  • The candidate must be highly collaborative with excellent interpersonal skills
  • Bachelor’s degree preferred with >5 years Operations and/or Project Management experience with a minimum of 3 years experience in Supervisory, Management and/or Team Leadership role a must
4

Due Diligence Associate Job Description

Job Description Example
Our company is searching for experienced candidates for the position of due diligence associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for due diligence associate
  • Responsible for the global reporting of the due diligence team, including but not limited to operation efficiency KPI, program effectiveness, responses to regulatory enquiries
  • Performing internal fair value levelling on all managed accounts and reconciling it to the administrator provided information
  • Building out reporting to combine commingled fund and managed account data for valuation risk trend analysis and issue spotting
  • Be responsible for managing a team of KYC Analysts performing Client Risk Scoring, Client Identification, and KYC documentation reviews for on boarding (new clients/accounts) and KYC Refresh/Remediation (existing clients/accounts)
  • Act as the “reviewer” in the preparation of Unusual Transaction Reports (UTRs) and Suspicious Activity / Transaction Reports (SARs / STRs), and other regulatory reports and communications as needed
  • Implement, or assist with the implementation of special projects and initiatives as assigned by the Director, Due Diligence Europe
  • Manage the on going training and development requirements of team members
  • Actively manage the development and appraisal process for all direct reports
  • Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies
  • Presentation of operational due diligence findings to both global and international investment committees
Qualifications for due diligence associate
  • Strong presence with Business partners, partnership and leadership skills
  • Assist with the development and maintenance of data and Portfolio Manager tools related to PE due diligence and fund monitoring
  • Bachelor’s Degree preferred and 1-3 years experience in KYC/Due Diligence
  • Local language reading and writing skills
  • Bachelor’s degree with a minimum of six years of relevant experience
  • Aptitude for building relationships and ability to communicate complex issues to a wide array of internal and external clients with differing levels of experience with the regulatory environment
5

Due Diligence Associate Job Description

Job Description Example
Our innovative and growing company is looking for a due diligence associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for due diligence associate
  • Collects information on companies, individuals and other topics from a wide range of online and print information resources
  • Media sources
  • Records of criminal, civil and regulatory proceedings
  • SEC filings, including their purposes and the types of information available in them
  • Records of corporations, partnerships and other business
  • Personal reference databases and be familiar with the laws and regulations relating to the retrieval and transmission of personal data
  • Records of real property and be familiar with online sources of information relating to real property transactions and also with the underlying documentation
  • Other public records available in the US) outside the US
  • Industry-specific, academic and governmental sources of information
  • Prioritization of on-boarding
Qualifications for due diligence associate
  • 2-4 years experience in KYC/Due Diligence
  • Client Sector and Product knowledge expertise – across the Onboarding functions – must be displayed and utilized to ensure the on-boarding process is complete, accurate and timely
  • Client Manager must take ownership of the entire on-boarding process and instructions delivered to downstream Onboarding functions must be decisive
  • Or has demonstrated required minimum number of hours for CPA licensure per respective state regulations
  • Advanced proficiency in using Microsoft office programs including excel, power point and Adobe PDF
  • 1-3 years of audit, financial controlling or transaction services experience

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