Associate (Operational Due Diligence)

JOB FUNCTION: Finance & Accounting
JOB TYPE: Direct Hire
COMPENSATION: $90k - $110k
POSTED: Jan 12, 2023

Our customer is a $48B global outsourced investment office acting for highly regarded endowments and foundations, senior investment professionals and sophisticated ultra-high-net-worth families in Europe, North America and Asia. They build long-term bespoke portfolios for our clients that invest across a range of traditional and alternative asset classes, with exposures built bottom-up through deep asset manager partnerships. They are seeking an Associate to join their Operational Due Diligence team!

Salary/Hourly Rate:

$90,000 – $110,000 plus 20% Bonus

Position Overview:

The Associate will join the Boston office as member of the Operational Due Diligence Team. The Associate will conduct all aspects of the operational due diligence process, including but not limited to, information gathering, meeting preparation, onsite visits, data analysis, risk assessment and evaluation, report issuance, and ongoing monitoring of asset managers. This individual will report to the Global Head of Operational Due Diligence. As a fast growing company, our customer is seeking someone who is motivated, a self-starter, adaptable and comfortable working on a small team in an extremely fast-paced, ever-changing entrepreneurial environment. The ideal candidate has an excellent work ethic, strong verbal and written communication skills and has prior operational due diligence or internal control assessment experience.

Responsibilities of the Associate:

  • Conduct operational due diligence reviews of fund managers in collaboration with the Asset Class Research Teams
  • Initiate and complete documentation requests from asset managers
  • Complete initial desktop reviews of data and documents collected to identify potential issues or concerns which may require further investigation
  • Arrange and participate in calls or onsite meetings with asset managers to interview finance, operations, and compliance team members
  • Write detailed Operational Due Diligence reports, including overall assessments of the manager as well as assessments across certain operational risk areas (e.g., trade flow, valuation, cash movements, governance structure, compliance, technology, etc.)
  • Present findings, recommendations and conclusions to the Asset Class Investment Teams, Chief Investment Officer, and/or the Asset Class Investment Committees
  • Compile, review and ensuring the accuracy of key fund information in Partners Capital’s internal systems
  • Track all operational concerns and issues identified and work directly with the managers and/or the Asset Class Investment Teams to ensure the concerns and issues are remediated

Qualifications for the Associate:

  • Minimum two years of operational due diligence or internal control assessment experience
  • Robust understanding of hedge fund and private equity fund structures and operational risk matters
  • High degree of professionalism and ability to work independently and collaboratively
  • Strong communication skills and ability to interact with internal management, external asset managers and clients
  • Proficient in Microsoft Office (Excel, Word, PowerPoint)
  • Excellent problem solving skills, highly analytical and data-oriented
  • Places an extremely high value on data accuracy and integrity
  • Highly proactive, results, and action oriented
  • Very strong organizational and project management skills in a fast-paced environment
  • Capable of working on multiple reviews and initiatives simultaneously
  • Independent “outside the box” thinker in regard to “best practice” policies and processes
  • Very comfortable in working at a small entrepreneurial company
  • Highly motivated team player who is willing to do whatever it takes to contribute to the success of the team and business

Education Requirements:

  • Bachelor’s degree is required


  • Medical, Dental, and Vision
  • Short and Long-term disability insurance
  • Life Insurance
  • Flexible spending accounts
  • Commuter benefits
  • Paid time off
  • 401k plan with employer matching
As a woman-owned firm, we value diversity. We are an equal opportunity and affirmative action employer and will consider all applications without regard to race, sex (including gender, pregnancy, sexual orientation and gender identity), age, color, religion or creed, national origin or ancestry, veteran status, disability (physical or mental), genetic information, citizenship or any other characteristic protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.
Position ID: 117598