Full-Time

Operational Due Diligence Lead – Senior Vice President

Posted on 8/1/2024

iCapital Network

iCapital Network

1,001-5,000 employees

Connects advisors with alternative investment opportunities

Fintech
Financial Services

Compensation Overview

$175k - $225kAnnually

+ Equity + Annual Performance Bonus

Senior

New York, NY, USA

Employees must work in the office Monday-Thursday, with remote flexibility on Friday.

Category
Private Equity
Risk Management
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Bachelor's degree in finance, business administration, accounting, or a related field. MBA or relevant professional certifications (e.g., CPA, CFA) is preferred
  • 10-15 years of experience 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 and oversee comprehensive operational due diligence on investment opportunities, including site visits, interviews, and detailed analysis of operational processes.
  • Identify, evaluate, and mitigate operational risks associated with potential and existing investments.
  • Prepare and present detailed due diligence reports, summarizing findings and providing recommendations to the investment committee.
  • Monitor the operational performance of portfolio companies on a regular basis to ensure compliance with established standards and identify any emerging risks.
  • Work closely with investment teams, legal, compliance, 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 team members, fostering a culture of continuous improvement and professional development.

iCapital Network connects financial advisors with high net worth investors to provide access to alternative investment opportunities, such as private equity, hedge funds, and real estate. Their platform simplifies the investment process, making it easier for affluent clients to diversify their portfolios and seek higher returns. iCapital offers a comprehensive solution that includes access to curated investment options, educational resources, and support services. They generate revenue through various fees based on the assets managed or invested through their platform. What sets iCapital apart from competitors is their focus on delivering a seamless user experience and a strong emphasis on educating clients about the risks and benefits of alternative investments. The company's goal is to make alternative investments more accessible and efficient for financial advisors and their clients.

Company Stage

Late Stage VC

Total Funding

$662M

Headquarters

New York City, New York

Founded

2013

Growth & Insights
Headcount

6 month growth

2%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for digital wealth management boosts iCapital's market potential.
  • Partnerships with firms like Allfunds enhance iCapital's service offerings and reach.
  • Interest in private market investments expands iCapital's client base and products.

What critics are saying

  • Increased competition from fintech platforms may erode iCapital's market share.
  • Regulatory scrutiny on alternative investments could raise iCapital's compliance costs.
  • Economic instability in Latin America may challenge iCapital's partnership with UnicornSP.

What makes iCapital Network unique

  • iCapital offers a curated menu of private equity, credit, and hedge funds.
  • The platform simplifies alternative investments with lower minimums and digital workflows.
  • iCapital's research team provides robust analysis and educational resources for investors.

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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

INACTIVE