Operational Due Diligence Analyst Position Available In Leon, Florida

Operational Due Diligence Analyst Florida State Board of Administration – 4.1 Tallahassee, FL Job Details Full-time $61,100 – $76,400 a year 2 days ago Qualifications Microsoft Excel 6 years Doctoral degree CPA Computer literacy Writing skills Mid-level Master’s degree Analysis skills Bachelor’s degree Quality control Organizational skills Associate’s degree Chartered Financial Analyst Certified Internal Auditor Full Job Description Responsibilities The Operational Due Diligence Analyst is responsible for reviewing and ensuring ongoing operational due diligence (ODD) on public and private external investment managers. This includes ensuring that tasks geared toward compliance, risk identification, evaluation, measurement, monitoring and mitigation are performed accurately and timely. The position identifies ways to improve processes and identifies areas of operational risk of external investment managers. The position performs complex independent professional work with minimal supervision. The Operational Due Diligence Analyst reports to the Director of Operational Due Diligence. 60% Ensures that ODD is adequately conducted, evaluated and reviewed on public and private external investment managers Assists in the coordination, prepares for and actively participates in conducting on-site ODD meetings, by identifying and researching high risk areas and determining appropriate areas of follow-up and high risk consideration in order to compose an ODD report upon completion of the on-site visit for the applicable asset class Identifies and addresses potential operational gaps, risks, and control weaknesses of the State Board of Administration (SBA) external investment managers using the FLAME database Calculates and provides reports on external manager firm assets under management exposure to the SBA Performs in-depth analysis of certifications, disclosures, documents, and other data received from external investment managers to evaluate, report and discuss on potential operational risks to the SBA, updating the ODD risk assessment as necessary Recommends controls or follow-up to mitigate risk to asset classes when operational weaknesses are identified Advises the ODD team on any operational risks identified Recommends controls or follow-up to mitigate risk to asset classes when operational weaknesses are identified Reviews manager terminations for policy compliance Recommends controls or follow-up to mitigate risk to asset classes when operational weaknesses are identified Assist with reviewing policy compliance for investment decisions made by the asset class Senior Investment Officer with discretion and the investment does not go through the contract staffing process Reviews consultant provided ODD reports and investment approval memorandums prior to funding external investment managers for all asset classes to identify and evaluate risk and compliance, control weaknesses, updates the ODD risk assessment, makes recommendations to the Lead and Director of ODD, and communicates with senior investment officers, Chief Risk & Compliance Officer, and the Deputy Chief Investment Officer Reviews credit facility loans for policy and guideline compliance Analyzes investment manager System and Organization Controls reports and evaluates exceptions and determines if escalation or follow-up is needed Participates in both internal and external peer group meetings and discussions to stay abreast of industry best practices and regulatory changes Represents the ODD team through participation in asset class external investment manager visits for both existing and potential managers, watch list meetings on external investment managers presented by SBA consultants, various SBA internal governance oversight groups, and in the evaluation and selection of potential external investment managers Maintains ODD procedures 10% Maintains the Florida Asset Manager Evaluation System (FLAME) Updates FLAME on a daily basis to capture external investment manager data using judgement to determine risk deficiencies or operational gaps and makes recommendations on risk deficiencies or operational gaps to ODD team, Senior Investment Officers and the Deputy Chief Investment Officer Evaluates the data and makes a determination regarding accuracy, if sufficient, or if further follow-up is necessary; makes recommendations on data that need to be changed, followed-up or verified to the Lead and Director of ODD Registers new managers during the on-boarding process Assists existing managers with system issues 10% Evaluates and develops reports on External Manager Exposure Downloads SEC external investment manager data from the SEC website Evaluates data validity and reliability to ensure accurate data is collected for analysis and calculation of exposure Uses FLAME, SEC, and Mellon data to analyze, evaluate and investigate the amount of SBA exposure to external investment managers Runs Exposure reports and posts to intranet site for use by the asset classes and senior leaders to inform investment decisions 10% Collects ODD Consultant Reports Downloads ODD reports for SBA external managers from the Consultant databases, ensuring that the reports are current and for the correct SBA investment manager/fund Reviews reports for any risks that are identified, evaluates criticality of the risk to the SBA strategy, and communicates any areas of concern to the Lead and Director of ODD Updates ODD report tracking in FLAME that identifies the most recent ODD report for the manager Updates Manager Operational Risk Oversight page with new ODD reports and distribute list to senior investment officers quarterly 5% Provides support for the ODD team and maintains current industry knowledge Researches developments in financial markets that impact external investment managers to foster professional development in ODD Researches new and existing external investment manager strategies for both the public and private market environment Recommends new processes to evaluate risk Monitors the Oversight mailbox for external manager communication that requires action by the ODD team Maintains knowledge of relevant systems to provide oversight of external investment managers Trains team members on FLAME updates, Backstop, MercerInsight, Optica, and other related systems Collaborates with ODD and other SBA staff in the development of data collection, assumptions, methods, models, and reports 5% Performs other duties as assigned Qualifications Six years of related experience. A postsecondary degree may be used as an alternative for years of direct experience; 2 years for an associate’s degree, 4 years for a bachelor’s degree, 6 years for a master’s degree, 7 years for a professional degree, or 9 years for a doctoral degree.

Preferences:

A bachelor’s degree from an accredited college or university in finance, accounting, business, management information systems, mathematics, economics, or a related field Certified Public Accountant certificate from the Florida State Board of Accountancy, Certified Internal Auditor (CIA), or Chartered Financial Analyst (CFA) credential Experience with one or more of the following: operational due diligence, investment related compliance, auditing, or systems automation Ability to

Travel Knowledge, Skills and Abilities:

Knowledge of industry best practices for controls, policies, and procedures Excellent organizational skills including the ability to effectively prioritize tasks, consistently produce accurate work, meet deadlines and to provide detailed documentation that supports processes and results Strong computer literacy (with emphasis on MS Excel, database applications and reporting) and analytical skills (including attention to detail, accuracy and efficiency) Skill in communicating effectively, both in writing and orally Skill in monitoring and maintaining quality control standards Skill in understanding business processes and identifying and assessing risk Ability to develop, plan, and implement short- and long-range goals Ability to manage multiple projects and tasks simultaneously and demonstrate flexibility necessitated by changing priorities Ability to use logic and reasoning to identify the strengths and weaknesses of alternative solutions and to apply professional judgement in making decisions and taking action Ability to exercise initiative and work independently Inquisitive nature that leads to independent research Travels frequently to various locations throughout the United States and internationally. Involves work outside of normal business hours and working remotely to maintain contact with other external investment managers and maintains normal office-related duties

Hiring Range:

$61,100 – $76,400 The State Board of Administration is an Equal Opportunity Employer Successful completion of a pre-employment background check is a condition of employment with the State Board of Administration