Due Diligence Analyst Job Description
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:
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:
Desired experience for due diligence analyst includes:
Due Diligence Analyst Examples
Due Diligence Analyst Job Description
- 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
- 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
Due Diligence Analyst Job Description
- 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
- 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
Due Diligence Analyst Job Description
- 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
- 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
Due Diligence Analyst Job Description
- 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
- 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
Due Diligence Analyst Job Description
- 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
- 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)