Manager, Operational Due Diligence

THE ROLE

This an excellent opportunity to join a highly motivated team, responsible for assessing the operational capabilities and infrastructure of UPP’s investment partners.

Reporting to the Director, Operational Due Diligence (ODD), the Manager, ODD will work closely with Active Public Markets and Private Markets Investment teams, Trading Liquidity & Exposure Management (TLEM), Responsible Investing (RI), Compliance and other business partners to perform initial and on-going non-investment operational risk assessments of external managers. The Manager will contribute to the team by assessing operational risk of external managers and communicate findings and recommendations to internal teams and investment management committees.

This dynamic role will provide opportunities to engage with senior leaders on operational risk and controls discussions, investment strategies, compliance program, quality of personnel and provide exposure and insight into a variety of asset classes, fund strategies and operating models. This is an exceptional opportunity to join a team of high performing professionals and make an impact!

This role is based in downtown Toronto in a hybrid work environment, allowing employees the flexibility to work remotely and in-office (minimum two days per week in-office).

KEY ACCOUNTABILITIES

The Manager, ODD will have responsibility for but not limited to the following:

• Participate in scheduled and ad-hoc operational due diligence reviews of external fund managers for existing and potential investments including hedge, public market and private fund managers.
• Perform analysis of key offering documents, policies, DDQs, audited financial information and investment manager policies.
• Engage with operational due diligence consultants and analyze manager assessment reports provided by them.
• Identify and assess observed deficiencies / areas of concern, presenting findings together with appropriate recommendations and communicate
• Identify, assess and communicate observed deficiencies / areas of concern, presenting findings together with appropriate recommendations, to the relevant investment committee(s) through written and verbal presentations on a periodic basis.
• Document meetings with external managers and their providers in a clear and concise manner, identifying points for escalation and follow-up
• Drive initiatives for improvement of ODD processes and controls working with key partners to build and sustain best-in-class investments
• Stay current on industry standards and help to facilitate knowledge transfer within the ODD group and the organization.
• Assist with ad-hoc projects and initiatives including coordinating communications to a high volume of external managers
• Establish and maintain effective and collegial working relationships with internal stakeholders and external fund managers
• Be willing and able to undertake travel, for onsite ODD visits subject to current COVID-restrictions.