Operational Due Diligence Analyst

Bessemer Trust is seeking an Operational Due Diligence Analyst to join its Investment Department working as part of the Firm’s dedicated Operational Due Diligence team. The analyst will work closely with colleagues across the Alternative Investments team (Hedge Funds, Private Equity, Real Assets and Advisory) as well as the External Manager Solutions group which sources long only external asset managers. The analyst will conduct detailed reviews of asset management firms and their critical operations to identify potential operational, legal, regulatory or reputational risks that could impact Bessemer’s investments across asset classes.

Key Responsibilities:

• Conduct comprehensive operational due diligence reviews of both new and existing external hedge funds, private equity, real assets, and long-only investment managers.

• Participate in manager due diligence meetings taking an active role in interviewing senior personnel (COO, CFO, CCO, Head of Operations etc.).

• Review the legal documentation, audited financial statements as well as operations, compliance, and trading policies and procedures of the external managers prior to investment and as part of ongoing monitoring. 

• Maintain periodic communications with managers to gather updated information related to their business operations and document changes that relate to operational risk. 

• Assist with the distribution of annual questionnaires and review the information obtained. 

• Assist with assessments of industry providers including administrators, compliance consultants, systems, accountants, law firms, and prime brokers.

• Analyze and document findings in detailed due diligence reports, summarizing risks, mitigants, and recommendations.

• Collaborate with the internal Legal and Compliance departments as well as the relevant investment teams on matters related to operational due diligence.

• Track regulatory developments as well as market and industry trends that could impact the asset managers or due diligence procedures.

Job qualifications:

• Bachelor’s degree required
• A minimum of 3-5 years direct operational due diligence experience or experience working in related areas of fund accounting (public and private funds), audit, legal and compliance or broader back-office operations
• Effective communicator with excellent verbal and written communication skills
• Exceptional planning and organizational skills with attention to detail
• Ability to handle multiple tasks simultaneously and work under tight deadlines
• Positive and flexible attitude
• Excellent interpersonal skills
• Team player mentality
• Highly motivated and self-starter with willingness to take a proactive, problem-solving approach to work
• Flexibility to travel
• Proficiency in Microsoft Word, Excel, and PowerPoint

The base salary range for this position is $100,000.00 - $150,000.00. Actual salaries will vary and will be based on various factors, such as skills, experience, and qualification for the role. It is not typical for offers to be made at or near the top of the range.

In addition, this position may be eligible for a discretionary incentive based on individual and company performance.

Eligible employees may participate in a 401 (k) program with a company profit sharing contribution, medical, dental, vision, life insurance and disability coverage and paid holidays, vacation, and sick days.

Securities licenses will not generally be obtained or maintained unless deemed by Bessemer Trust to be required in order for you to perform the responsibilities of this position.

About Bessemer Trust:

• Bessemer Trust is a family office, overseeing more than $200 billion in assets for over 3,100 individuals and families of substantial wealth. Its more than 1,200 employees are singularly focused on private wealth management — disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service.
• Established in 1907 as the family office for Annie and Henry Phipps, Bessemer Trust is in its seventh generation of ownership by the Phipps family. As a self-made entrepreneur, Henry Phipps was a founding partner and chief financial officer of Carnegie Steel.
• Bessemer Trust retains its original focus as a privately owned and independent wealth manager deeply committed to its mission of providing peace of mind to its clients. Bessemer’s adherence to putting clients’ interests first, fiduciary mindset, and highly collaborative culture are at the heart of everything the firm does.

 Key Facts:

• For more than 118 years, Bessemer Trust has operated continuously in a single line of business, independently owned by one family.
• Headquartered in New York’s Rockefeller Center, Bessemer Trust has 22 offices in total. Woodbridge, NJ, is one of the firm’s largest offices, which hosts a wide range of technology and operations professionals. In addition to its sizable presence in New York and Woodbridge, the firm provides client service through offices in Atlanta, Boston, Chicago, Dallas, Delaware, Denver, Garden City, Grand Cayman, Greenwich, Houston, Los Angeles, Miami, Naples, Nevada, Palm Beach, San Diego, San Francisco, Seattle, Stuart, and Washington, D.C.
• To watch a video about Bessemer Trust’s history, click here.
• To learn more about Bessemer Trust, click here.

 About Our Employee Rewards and Benefits:

• We provide exceptional rewards and benefits that are among the best in the industry, giving our people access to a wide range of options, including:
• Competitive base salary plus discretionary annual bonus for select positions
• A 401(k) plan with a generous annual profit-sharing contribution
• Personalized development and career opportunities, including tuition reimbursement support
• Comprehensive medical, dental, and vision plans with zero contributions for employee coverage
• Employee assistance (EAP) and wellness programs
• Hybrid work environment: 60% in office, 40% remote for most positions
• Paid time off and paid parental leave
• Employer-paid life insurance and short- and long-term disability coverage
• Legal services and financial wellness plans at no cost to employees

Bessemer Trust is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We encourage candidates of diverse backgrounds to apply.