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Operational Due Diligence Analyst

Russell Investments

Russell Investments

Mumbai, Maharashtra, India
Posted on Friday, June 7, 2024

Business Unit:

Compliance, Risk and Internal Audit

Reporting To:

Director, Operational Due Diligence


EMEA/UK (1:30 pm – 10:30 pm IST) (India)

About Russell Investments, Mumbai:

Russell Investments is a leading outsourced financial partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 88-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm is the world’s sixth-largest investment adviser, with $1 trillion in assets under advisement (as of December 31, 2023) and $302.7 billion in assets under management (as of March 31, 2024) for clients in 30 countries. Headquartered in Seattle, Washington in the United States, Russell Investments has offices around the world, including London, New York, Toronto, Sydney, Tokyo, Shanghai, and Mumbai.

Joining the Mumbai office is an incredible opportunity to work closely with global stakeholders to support the technology and infrastructure that drives the investment and trading processes of a globally recognized asset management firm. Be part of the team based out of Goregaon (East) and be a part of creating the foundation and culture for the firm’s growing operations in India. The Mumbai office operates with varying shifts to accommodate time zones around the world.

For more information, please visit https://www.russellinvestments.com.

Job Description:

The Operational Due Diligence (“ODD”) Analyst will assist with conducting operational due diligence assessments on investment managers, including discretionary and EPI assignments, and enhancing the ODD process and procedures.

The responsibilities of the individual in this position include:

  • Facilitate and assist in organizing ODD reviews.
  • Obtain and review documentation including regulatory filings, marketing material, due diligence questionnaires, as well as operations, compliance, trading, and valuation policies and procedures prior to investment or as part of ongoing monitoring.
  • Evaluate business, compliance, and operational risks associated with traditional investment managers relative to the scope of the Global Manager Operational Due Diligence (GMODD) program requirements by conducting desktop reviews of investment managers globally.
  • Draft operational due diligence reports and present detailed results, findings, and recommendations to support conclusions.
  • Raise and escalate to the GMOOD Director and Senior ODD Analyst issues identified during the review and interface with the GMODD Team members. Communicate summary conclusions to GMODD Team members and follow up with investment managers on any recommendations or risk findings, as needed.
  • Ensure records management/data systems are maintained and up to date.
  • Contribute to enhancements of the Russell Investments’ operational due diligence program.
  • Support the GMODD Director and Senior ODD Analyst with Board and Committee reporting responsibilities.

The successful candidate will have extensive demonstrable skills and experiences including the following:

  • Bachelor's Degree in relevant field required.
  • 2-4 + years of industry experience (in operational due diligence, research, compliance, risk or operations role at either an investment management firm, investment consulting firm, or large asset allocator).
  • Technology skills, including strong proficiency with excel and comfort with database applications are required.
  • Knowledge of SharePoint, Microsoft Office, Macros and SQL, Power BI are required.
  • Experience and knowledge of DiligenceVault platform preferred.
  • Familiarity with various global regulatory and compliance regimes, rules, and regulations preferred.
  • Ability to articulate concerns/issues effectively to internal teams.
  • Demonstrated initiative to work independently and engage in execution of responsibilities while collaborating with a global team.
  • Efficient time management skills with ability to work to tight deadlines are required.
  • Excellent communication skills, both oral and written.
  • Excellent interpersonal skills.
  • Must be a team player.