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VP - Alternatives Operational Due Diligence

Job Req ID 21267163 Primary Location New York, New York; O'Fallon, Missouri Job Category Private Client Product Services
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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.

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.

Citi Global Wealth is seeking an Operational Due Diligence VP who will conduct operational due diligence reviews in connection with Alternative Investment offerings (hedge funds, private equity, real estate, VC) made available to our global clients.  This role will involve directly reporting to the Alternative ODD Head – Americas in Denver and will require close communication principally with operational and investment due diligence team members globally in addition to functional partners within legal, compliance and risk management.


Responsibilities:

  • Evaluate investment manager operations, internal controls, and key third-party service provider partnerships against the stated investment strategies to formulate recommendations and understanding of risks posed to successful execution of the investment strategy.
  • Assess manager and fund documentation including Formation Documents, Offering Memorandums, sponsor policies and procedures, Service Provider and Financing Agreements.
  • Conduct initial and ongoing reviews of Managers within the global coverage universe
  • Write formal assessments of reviews for internal and external distribution
  • Ensure adherence to operational due diligence program’s policies and procedures and contribute to development of future enhancements to Citi's Operational Due Diligence program and evolving industry best practice.
  • Ensure accurate capture and maintenance of relevant investment manager and fund data within the centralized database repository
  • Attend industry conferences to develop and share market intelligence with team members.
  • Assist in ad-hoc projects and reviews necessitated by current market events

Qualifications:

  • 6-10 years of experience
  • Experience with direct operational due diligence covering private equity / real estate / hedge funds
  • Knowledge of private equity / real estate / hedge funds strategies and trades, valuation and reconciliation issues and best practices of the industry.
  • Bachelor's degree, preferably in finance or accounting or equivalent work experience
  • CPA, CFA and/or CAIA designation preferred but not required

Education:

  • Bachelor's degree, preferably in finance or accounting or equivalent work experience
  • CPA, CFA and/or CAIA designation preferred but not required

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Job Family Group:

Private Client Product Services

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Job Family:

Investment Due Diligence

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Time Type:

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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