Operational Due Diligence (ODD) Analyst
Location: Toronto, Ontario (Hybrid – 2 days per week in office)
Our Client
Our client is a leading global investment consultant advising institutional investors across hedge funds, private equity, private credit, real assets, real estate, and alternative risk premia. With a strong culture of independence, collaboration, and professional excellence, the firm supports clients overseeing hundreds of billions in alternative investments.
This is an excellent opportunity to join a respected and growing Toronto ODD team, working on high-impact assessments across a diverse range of investment managers and strategies.
The Role
The ODD Analyst will conduct thorough assessments of non-investment operational risks across assigned alternative investment managers. This includes evaluating internal controls, governance, technology infrastructure, service providers, and operational processes.
The role involves reviewing documentation, conducting on-site/virtual interviews, preparing detailed written due diligence reports, and communicating findings to internal stakeholders and clients. This is a dynamic, analytical, and highly visible role suited for professionals with strong audit, fund operations, compliance, or due diligence backgrounds.
Key Responsibilities
- Assess operational risk, internal controls, governance, and information systems of investment managers.
- Conduct on-site and virtual interviews; verify existence of assets where required.
- Prepare clear and concise ODD reports, highlighting risks and recommendations.
- Monitor operational changes within assigned funds and update reports accordingly.
- Respond to ODD inquiries from clients and investment managers.
- Contribute to best practices, process improvements, and internal knowledge sharing.
- Support thought leadership initiatives (newsletters, white papers, insights).
- Represent the firm at industry events and mentor junior ODD associates.
The Ideal Candidate
- University degree in a relevant field. Progress toward (or possession of) CPA, CFA, or CAIA is preferred.
- 3+ years of experience in operational due diligence, audit (internal or external), fund operations, compliance, legal, fund administration, technology risk, or related fields.
- Strong analytical capability and ability to assess complex operational environments.
- Excellent written and verbal communication skills with experience preparing detailed reports.
- Proficient in Microsoft 365 (Excel, Word, PowerPoint, Teams); experience with Power BI, Copilot, or other AI tools is an asset.
- Highly organized, self-directed, and able to manage multiple priorities.
- Willingness and ability to travel to the U.S. and internationally.
Ref #LI1850
