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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Philadelphia, Pennsylvania

Salary: $72K - $95K

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm’s clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2021 Fortune 500 list of the largest United States corporations by total revenue. Details below.

DESCRIPTION

Morgan Stanley Investment Management (MSIM) is one of the largest global asset management organizations of any full-service securities firm, with more than 40 years of history, a presence in 24 countries, and a total of $1.5 trillion in assets under management as of March 31, 2024. MSIM strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. 

Morgan Stanley Private Equity Solutions (the Team), an investment team within MSIM, seeks to deliver innovative private markets solutions to a global client base across a variety of asset classes within private equity and related strategies. The Team is comprised of over 60 investment professionals based in suburban Philadelphia, New York, London, and Hong Kong and manages a global program across primary fund investing, co-investing, and secondaries in developed and emerging markets. The Team also has a strong and growing leadership position across impact-oriented strategies, including social impact, climate solutions, and racial & gender equity. Overall, the Team has invested over $26bn across almost 1,100 opportunities, as of March 31, 2024. 

The candidate will be responsible for researching, analyzing and documenting the operational risk management processes and controls of potential underlying private equity managers. The individual’s role will typically be the performance and documentation of due diligence. In addition, this person will be involved in various risk management support activities such as developing and enhancing the group’s various approaches to assess and monitor operational risks. The candidate will report to the Head of Operational Due Diligence. This position is located in West Conshohocken, Pennsylvania.  The successful candidate will play a key role in all phases of the due diligence process.

RESPONSIBILITIES

  • Coordinate, prepare for, and actively participate in due diligence meetings with senior management of potential and existing private equity managers and conduct in-depth operational due diligence on private equity fund managers and their investment strategies
  • Evaluate operational risks including compliance, legal, IT systems, cybersecurity, business continuity, and financial controls and recommend mitigation strategies to private equity managers
  • Analyze quantitative and qualitative data to evaluate fund operations and maintain databases for tracking and reporting purposes
  • Liaise with the in-house legal team to ensure that potential and existing fund managers comply with relevant regulatory requirements and industry best practices
  • Coordinate and review background investigations of senior management of private equity fund managers and/or underlying portfolio companies
  • Analyze audited financial statements from underlying funds to identify departures from generally accepted accounting principles, qualifications of audit opinions, performance, related party transactions and other unusual attributes
  • Evaluate and monitor third-party service providers utilized by fund managers, including administrators, auditors, and custodians, and assess the effectiveness and reliability of outsourced functions and services
  • Prepare detailed reports and presentations summarizing findings and assessments for the Investment Committee
  • Stay abreast of industry trends, emerging risks, and best practices in operational due diligence and continuously refine and enhance due diligence methodologies and processes

QUALIFICATIONS

  • Bachelor’s degree in finance, accounting, business administration, economics, or a related field
  • Advanced degrees (MBA, MS) or professional certifications (CFA, CAIA, CPA) are a plus
  • Excellent presentation, verbal communication and interview skills required
  • Minimum 3-5 years of experience in investment management industry, preferably in operational due diligence, risk management, audit, or a related field within the alternative investment field
  • Ability to apply knowledge and experience to a wide variety of alternative investment managers and operating environments to assess operational risks and identify potential concerns
  • Strong analytical skills with the ability to evaluate complex operational processes and risks
  • Ability to travel globally (position may require travel)
  • Detail-oriented with strong organizational skills and the ability to manage multiple tasks simultaneously
  • Team-player instincts, with a professional demeanor characterized by collegiality, mutual respect, integrity, and thoughtfulness

Morgan Stanley’s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).