1. Conducts operational due diligence in respect of external managers and key service providers:
§ assesses the internal control environment
§ assesses risk with regards to the regulatory and compliance environment
§ assesses back office systems and key operational processes including trade life cycle, cash and collateral management, accounting, counterparty management, valuation, business continuity planning, and so forth.
§ interviews the operations personnel, and assess their skill and credibility
2. Conducts monitoring in respect of external managers and key service providers:
§ monitoring of current investments identifying key changes with respect to staffing, controls, systems, and other material operational risk issues
§ responds to inquiries and requests from the Investment Division
3. Assists the Investment Division in their implementation and structuring of new investments including coordinating with our internal departments.
4. Develops and maintains a high level of knowledge with respect to industry developments, standards and best practices related to:
§ Full range of financial instruments and capital markets activities
§ Investment / hedge fund strategies
§ Financial accounting and disclosures
§ Internal controls
§ Operational risk management
§ Information systems and technology