Full-Time

Alternatives

Operational Due Diligence Analyst

Posted on 9/10/2025

iCapital Network

iCapital Network

1,001-5,000 employees

Fintech platform linking advisors to alternatives

No salary listed

Toronto, ON, Canada

Hybrid

Hybrid role; in-office Mon-Thu with remote option on Fridays.

Category
Finance & Banking (2)
,
Required Skills
Risk Management
Requirements
  • Bachelor's degree in finance, business administration, accounting, or a related field.
  • MBA or relevant professional certifications (e.g., CPA, CFA) is preferred
  • 6 - 10 years of experience for the AVP role and 10-15 years of experience for the VP level in operational due diligence, risk management, internal audit, or a related field within the investment industry
  • Strong analytical and problem-solving skills with the ability to synthesize complex information
  • Excellent written and verbal communication skills, with the ability to present findings clearly and persuasively
  • Exceptional attention to detail and a commitment to delivering high-quality work
  • Proven project management skills, with the ability to manage multiple projects and meet tight deadlines
  • Strong interpersonal skills and the ability to build effective relationships with internal and external stakeholders
Responsibilities
  • Conduct comprehensive operational due diligence on investment opportunities, including site visits, interviews with senior members of the non-investment team, service provider confirmations and detailed analysis of operational processes.
  • Conduct assessments of external fund managers, with a focus on private equity, private credit, hedge funds and real assets.
  • Identify, evaluate, and mitigate operational risks associated with potential and existing investments.
  • Prepare and present detailed operational due diligence reports, summarizing findings and providing recommendations.
  • Perform ongoing monitoring of fund managers on a regular basis to ensure compliance with established standards and to identify material risks.
  • Engage in ad-hoc projects to support the Alternatives platform.
  • Work closely with Investment, Legal and Compliance teams and other stakeholders to ensure a holistic approach to due diligence and risk management.
  • Stay abreast of industry trends, regulatory changes, and best practices in operational due diligence and risk management.
  • Mentor and train junior members, fostering a culture of continuous improvement and professional development
Desired Qualifications
  • MBA or relevant professional certifications (e.g., CPA, CFA) is preferred
  • 10-15 years of experience for the VP level in operational due diligence, risk management, internal audit, or a related field within the investment industry

iCapital Network connects financial advisors with high-net-worth investors to access a curated selection of alternative investments, including private equity, hedge funds, and real estate. Its platform streamlines how offerings are discovered, evaluated, and invested, providing access, education, and client support in one interface. The company earns fees from the services it provides, such as platform, management, and performance-based fees based on assets on the platform. Its goal is to simplify and scale access to alternatives for wealth managers and their clients, helping with diversification and potential higher returns through a centralized, advisor-focused experience.

Company Size

1,001-5,000

Company Stage

Late Stage VC

Total Funding

$1.5B

Headquarters

New York City, New York

Founded

2013

Simplify Jobs

Simplify's Take

What believers are saying

  • Citi acquisition expands platform to $914B global volume with $228B alternatives assets under management.
  • T. Rowe Price and SurgoCap $820M July 2025 funding at $7.5B valuation accelerates technology and data capabilities.
  • Cambridge partnership expansion reaches 3,800 financial professionals, driving demand for alternatives among high-net-worth clients.

What critics are saying

  • Citi retains distribution control post-acquisition, risking client outflows if integration fails within 6-12 months.
  • BlackRock Aladdin Wealth bundles superior private markets data with dominant asset management, eroding 2,900 firm partnerships.
  • SEC regulatory crackdown on feeder fund structures triggers forced restructurings, halting launches and alienating high-net-worth clients.

What makes iCapital Network unique

  • Operates 2,900+ wealth management firm partnerships with 111,000 financial professionals accessing 2,100+ live funds.
  • Acquired Citi Global Alternatives adding 180+ feeder funds across private equity, credit, infrastructure, venture, real estate.
  • Feeder fund engine reduces institutional minimums from $5-10M to $25K-$100K, democratizing alternative access.

Help us improve and share your feedback! Did you find this helpful?

Your Connections

People at iCapital Network who can refer or advise you

Benefits

COmprehensive benefits package - Salary, Equity, Annual Performance Bonus, Employer Matched Retirement Plan

Generally Subsidized Healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling

Unlimited PTO

Parental Leave

Company News

CompWorth
Jul 11th, 2025
iCapital Raises $820 Million in Landmark Funding to Accelerate Growth

On July 11, 2025, iCapital unveiled an impressive $820 million funding round led by T. Rowe Price and SurgoCap Partners, propelling the fintech to a valuation exceeding $7.5 billion.

FinSMEs
Jul 10th, 2025
iCapital Closes Over $820M Capital Raise, Valued at Over $7.5 Billion

iCapital, a NYC-based fintech company offering investment products, raised over $820M with the completion of its latest financing round, at over $7.5 Billion valuation.

iCapital
Jul 10th, 2025
iCapital® Completes Over $820 Million Capital Raise, Valuation Surpasses $7.5 Billion

iCapital is transforming global investing with innovative fintech solutions, powering scalable access to alternatives and structured investments.

TradingView
Jul 10th, 2025
iCapital raises $820M in funding

iCapital, a private-markets tech provider, has raised over $820 million, according to a report by the Wall Street Journal.

PR Newswire
May 22nd, 2025
Cambridge And Icapital® Expand Relationship To Provide Enhanced Access To Alternative Investment Vehicles, Research, And Education

Expanded relationship will support the growing demand for alternatives among their financial professionals and their high-net-worth clientsFAIRFIELD, Iowa, May 22, 2025 /PRNewswire/ -- Cambridge, a leading independent financial solutions firm serving 3,800 financial professionals across the country, announced it has expanded its relationship with iCapital1, a global fintech platform driving the world's alternative investment marketplace for the wealth and asset management industries. The expanded relationship will provide Cambridge financial professionals with enhanced access to alternative investment vehicles, research, and education.Cambridge's financial professionals can now access the full scope of iCapital's platform including asset class level strategies and products, education, and research insights in alternative investments, driving significant value for financial professionals and their high-net-worth clients."Alternatives have become a critical piece of the portfolio construction process for many high-net-worth investors looking for differentiated investment solutions," said Jeff Vivacqua, President, Growth and Development and member of Cambridge's Office of the CEO. "Through our expanded relationship with iCapital, Cambridge financial professionals will now have access to industry-leading solutions that can support them in meeting the growing demand for these alternative investment vehicles from their clients."In 2023, Cambridge launched its Private Client Solutions (PCS) offering to address demand for HNW and ultra-high-net-worth (UHNW) client solutions from its financial professionals. A major component of those offerings was access to alternative investment vehicles, research, and education. PCS provides Cambridge financial professionals with the resources, solutions, and personal support they need to deliver a customized service experience to HNW and UHNW clients. This expanded relationship with iCapital will further enhance these capabilities.About CambridgeCambridge is a financial solutions firm focused on serving independent financial professionals and their clients while preserving its internal control

INACTIVE