Job Description
LEUCADIA ASSET MANAGEMENT
Operational Due Diligence AVP/VP
Firm Overview
Leucadia Asset Management is a diversified alternative asset management platform which offers institutional clients an innovative range of investment strategies through its affiliated asset managers. At the foundation of the platform lies a focus on strategic alignment across the Leucadia Asset Management, its asset managers, and its institutional partners. Leucadia Asset Management provides its affiliated asset managers with potential access to stable long-term capital, established operational infrastructure, as well as global distribution.
Leucadia Asset Management offers institutional investors the opportunity to invest alongside its parent company Jefferies Financial Group, which maintains investments with and/or equity interests in the asset managers on the platform. Our approach is enhanced by the stability and support of Jefferies Financial Group, which is a diversified Fortune 500 financial services firm with $23Bn of permanent capital and a 40-year history.
Position Overview
Leucadia Asset Management seeks an
Operational Due Diligence AVP/VP to assess and monitor managers and products across alternative investment strategies, including hedge funds, private equity, structured credit, venture capital and multi‑manager offerings.
The Analyst will execute pre‑investment diligence, ongoing monitoring and event‑driven reviews, collaborating closely with Senior Management, Legal, Compliance, Risk, Operations and Technology to identify, quantify and mitigate operational risks.
Key Responsibilities
- Pre‑Investment ODD: Lead comprehensive operational assessments covering:
- Governance, organization & key personnel
- Trade execution, operations, and middle/back‑office processes
- Fund accounting, NAV oversight, expense controls, and cash management
- Valuation processes, methodologies, and controls
- Compliance programs & regulatory frameworks
- IT, cybersecurity, data governance & disaster recovery
- Risk management frameworks
- On‑Site/Virtual Diligence: Plan agendas, conduct meetings and walkthroughs with COOs, CFOs, CCOs, Heads of Operations/Technology, and key service providers.
- Documentation Review: Analyze offering docs and legal agreements (PPM, LPA, subscription docs, side letters), fund structures, fee/expense frameworks, liquidity terms, regulatory filings (e.g., Form ADV/PF), SOC 1/2 reports, audited financial statements, management letters, valuation memos, and compliance policies/procedures.
- Service Provider Oversight: Evaluate administrators, custodians, prime brokers, auditors, valuation agents, loan servicers, and technology/data vendors for independence, service quality, and operational resilience.
- Reporting: Produce clear, decision‑oriented ODD reports; present findings, mitigants and recommendations to senior management.
- Ongoing Monitoring: Execute periodic refreshes and event‑driven reviews; track incidents, operational changes, significant audit observations, regulatory updates, control remediation, and contractual amendments.
Qualifications
Required
- Prior experience at an outsourced due diligence consultant, asset manager/allocator, fund‑of‑funds, or audit/consulting firm focused on alternatives.
- Demonstrated coverage of alternative strategies (e.g., long/short equity, macro, quant, event‑driven, private credit/direct lending, special situations, distressed, private equity, buyout/growth, venture capital, structured credit).
- Strong understanding of fund structures, legal documentation, fee/expense frameworks, liquidity terms, valuation methodologies, and control environments.
- Working knowledge of relevant regulatory regimes (e.g., SEC, CFTC/NFA, AIFMD) and reporting (Form ADV/PF).
- Exceptional written communication with the ability to produce concise, actionable reports.
- High proficiency in Excel, PowerPoint and Visio; strong project management with the ability to handle multiple concurrent reviews and deadlines.
Primary Location: New York Full Time Salary Range of $140,000-$155,000
About Us
Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.
At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.
Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law.
The salary offered will take into consideration an individual’s experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.
