Asset Diligence & Portfolio Oversight Associate

About Magnetar

Magnetar is a leading global alternative asset manager with ~$17B AUM as of April 1, 2026. We are based in Evanston, IL—just north of Chicago and easily accessible by the “L”—with additional offices in New York, London, Menlo Park, CA, and Austin, TX.

Grounded in two decades of investing experience, we aim to generate consistent performance for our investors by identifying differentiated investment opportunities and building scalable businesses across our core strategies: Alternative Credit and Fixed Income, Quantitative Investing, and Venture.

Magnetar employees are among the best in the business at what they do. Our employees thrive on intellectual curiosity, collaboration and identifying creative solutions to complex problems. Our team is made up of highly skilled, passionate professionals who care deeply about delivering results for our investors, our firm and one another. We are proud to foster an inclusive, welcoming environment that empowers each employee to succeed.

At Magnetar, our commitment to our employees matches our dedication to our work. We offer top-tier benefits including comprehensive health, dental and vision insurance, a 401k match, competitive paid time off, wellness programs, daily lunches, and professional development through Magnetar University.  We are also passionate about giving back, supporting financial education and community engagement through our Foundation and various volunteer initiatives.

We hope you’ll consider joining us as you explore a career at Magnetar!

Applicants must be authorized to work in the United States without the need for employer sponsorship now or in the future.

We verify human presence and geolocation before processing your application in order to prevent applications from bots. If you have questions regarding identity verification or need further assistance or accommodation in completing the verification, please contact [email protected].

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

AI Disclaimer

Magnetar uses AI tools such as Claude, an AI assistant developed by Anthropic, to support certain recruiting and talent acquisition activities, such as tracking candidates’ status in the recruiting process, interviewer preparation, and interviewer feedback consolidation.These tools may facilitate recruiting and hiring-related processes. Information processed may include application materials, resumes, interview notes, interviewer feedback, candidate status information, and related communications. Magnetar uses an enterprise version of Claude that operates in a closed-loop environment and does not permit information processed by the system to be publicly available.

The AI tool currently used for these purposes is Claude, an AI assistant developed by Anthropic. Magnetar uses AI for the following types of positions: exempt positions.

Hiring decisions are made by authorized Magnetar personnel. No AI tool makes or determines any employment decision. AI-generated output is used only as a support tool and is subject to human review. Magnetar does not rely solely on AI-generated output, including any score, tag, classification, ranking, recommendation, or similar output, with no other factors considered. Magnetar also does not use any such output as one of a set of criteria where the AI-generated output is weighted more than any other criterion, or to overrule conclusions derived from other factors, including human decision-making.

Magnetar will not use artificial intelligence with respect to recruitment, hiring, promotion, renewal of employment, selection for training or apprenticeship, discharge, discipline, tenure, or the terms, privileges, or conditions of employment in a manner that has the effect of subjecting employees or applicants to discrimination on the basis of protected classes under the Illinois Human Rights Act or any other appliable law, or use zip codes as a proxy for protected characteristics.

Fraudulent Job Alert

Magnetar is aware of fraudulent job post schemes, such as phishing emails, that invite candidates to apply and interview for positions at Magnetar. We take this matter very seriously. Please be aware that Magnetar does not send unprompted emails soliciting applications or offering interviews. If you have applied for a position at Magnetar through our Careers Page, any follow up communication will come from “@magnetar.com”. Any emails from accounts that do not end in “@magnetar.com” are fraudulent. Suspicious messages can be reported to Magnetar at [email protected].