At Franklin Templeton, we’re driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we offer opportunities not only to help you reach your potential but also to contribute to our clients’ achievements.
Come join us in delivering better outcomes for our clients around the world!
Franklin Templeton Investment Solutions (FTIS) is a leader in multi-asset, quantitative, and hedged solutions, leveraging a global network of investment teams to offer innovative and diversified strategies. With a focus on long-term investing, we combine deep research, active management, and data-driven insights to create solutions which seek to meet the evolving needs of investors worldwide.
About The Opportunity
The
Operational Due Diligence (ODD) Director joins a team with over 30 years of experience in allocating to alternative investment strategies, currently managing $88B with over $10B in hedge fund investments. The Director will conduct a thorough evaluation of operational risks within investment managers' businesses and create detailed written reports based on their findings. The Director will report to the Head of Investment & Client Operations, and will be responsible for examining documentation, staff & organizational structures, systems, service providers and technology infrastructure. This position will be located in our Stamford, CT or New York City office.
What are the ongoing responsibilities of this role?
Role
The Director will be a detailed oriented, proactive, and process-driven individual with experience in operational due diligence and understanding of alternative investments and complex strategies. The role entails:
- Conduct comprehensive operational due diligence reviews of hedge fund managers and investment firms.
- Assess the infrastructure, internal controls, policies, and procedures of investment managers.
- Evaluate key operational risk factors including compliance, valuation, and cash controls.
- Review and analyze fund offering documents, financial statements, audit reports, and service provider agreements.
- Conduct onsite or virtual meetings with fund managers, COOs, CFOs, and other key personnel.
- Identify and monitor potential operational red flags or weaknesses.
- Prepare detailed operational due diligence reports and risk assessments.
- Monitor ongoing developments with existing managers, including significant personnel or structural changes.
- Stay current with industry best practices, regulatory developments, and emerging risks in the alternative investments space.
What ideal qualifications, skills & experience would help someone to be successful?
- 5+ years of experience in operational due diligence, with an emphasis on alternative strategies, including hedge funds.`
- A Bachelors degree in Accounting, Business, Economics or Finance
- Ability to evaluate internal controls, fund governance, trade processing, valuation, compliance, and business continuity.
- Familiarity with different hedge fund strategies (e.g., long/short equity, global macro, quant, credit) and operational setups.
- Knowledge of key service providers (administrators, custodians, auditors) and their roles in fund operations.
- Polished and professional communication and interpersonal skills with experience in conducting on-site/virtual manager interviews
- High attention to detail, organizational skills, and the ability to manage multiple reviews simultaneously
- Comfort with Excel, data analysis tools, trading platforms, order management and risk systems (Vidrio, experience a plus, but not essential)
Compensation Range: Along with base compensation, other compensation is offered such as a discretionary bonus, 401k plan, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. The salary, benefits and variable rewards will reflect the seniority of the position and a competitive market rate. We expect the annual salary for this position to range between $170,000 to $200,000, commensurate with experience.
When applying, please be sure to
attach your resume / CV. Applications without a resume file attachment will not be reviewed.
#MID_SENIOR_LEVEL
Experience our welcoming culture and reach your professional and personal potential!
Our culture is shaped by our diverse global workforce and strongly held core values. Regardless of your interests, lifestyle, or background, there’s a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.
Hear more from our employees
By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life’s adventures, taking care of your family members, or making a positive impact in your community, we aim to have your needs covered. Learn more about the wide range of benefits we offer at Franklin Templeton.
Highlights Of Our Benefits Include
- Three weeks paid time off the first year
- Medical, dental and vision insurance
- 401(k) Retirement Plan with a generous company match on your pre-tax and/or Roth contributions, up to the IRS limits
- Employee Stock Investment Program
- Reimbursement for certain education expenses
- Purchase of company funds with no sales charge
- Onsite fitness center and recreation center*
- Onsite cafeteria*
- Only applicable at certain locations
Learn more about the wide range of benefits we offer at Franklin Templeton
Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.
Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation or adjustment to search for or apply for one of our positions, please send an email to accommodations@franklintempleton.com. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.
