Rd Party Funds Op. Due Diligence (Analyst)Country: Spain
At Santander () we are key players in the transformation of the financial sector. Do you want to join us?
The Wealth Management & Insurance division covers three businesses in all Santander Group countries: Insurance, Asset Management and Private Banking. We work to provide the best solutions to our clients in these three businesses in the countries where we are present.
Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.
Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation.
WHAT YOU WILL BE DOING
As member of Santander Wealth Management & Insurance you will have to perform operational due diligence reviews on prospective and existing third party Funds, which includes not only Mutual Funds and ETFs but also Alternative investment opportunities (Private Equity, Real Estate, Private Debt...).
The Operational Due Diligence program, which is aligned with the firm-wide Risk Management framework, adopts a risk-based approach to identify, evaluate, monitor and report on operational risk factors associated with a fund investment.
This dynamic role, which includes international travel, will provide opportunities to plan onsite engagements, engage in operational risk discussions with C-suite personnel and provide exposure and insight into a variety of asset classes, fund strategies and operating models.
We need someone like you to help us in different fronts:
1. Participate in operational due diligence assessments of new and existing Traditional and Alternative (Private Equity, Real Estate, Infrastructure, Private Debt and Venture Capital) external fund managers, including on-site meetings with fund manager personnel.
2. ODD activities include a risk-based approach in analyzing and assessing processes, systems, documentation, personnel and overall controls pertaining to the following areas: Fund terms and Governance, Legal and Regulatory, Compliance, Trade Operations, Cash Controls, Counterparty Risk Management, Valuation, IT Infrastructure and Cybersecurity.
3. Onsite meetings with key staff at the investment management firm (generally including the COO, CRO, CCO and supporting staff) is also required during the ODD process.
4. Completion of thorough risk due diligence reports on fund managers on a timely basis, highlighting the Findings from the review. Then present it to the risk committees.
5. Perform on-going monitoring of existing funds and investment managers and raise alerts if needed.
6. Developing and maintaining the fund list of recommended alternative and traditional asset class offerings, including undertakings for collective investments in transferable securities (UCITS).
REQUIREMENTS
7. Bachelor's degree in Business Administration, Economics, or similar. Master´s degree is a plus.
8. High level of English is a must.
9. CAIA is desirable.
10. At least years of experience in areas of due diligence, audit, accounting, valuations, investment risk, compliance, operational risk, manager selection or investment operations.
11. Understanding of the risks inherent within fund investments and financial instruments.
12. Understanding of industry standards and best practices relating to internal controls and procedures, risk management, operational due diligence and investment regulations.
13. Excellent presentation and communication skills.
14. Ability to multi-task and exhibit high attention to detail and accuracy.