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Director, Asset Manager Audit & Due Diligence
senior · Audit & Accounting
Who You’ll Work With:
We are seeking a Director, Asset Manager Audit & Due Diligence to join our team. This role will be responsible for executing operational due diligence reviews and audit assessments of external asset managers, investment managers, fund sponsors, and strategic investment partners. The position will play a critical role in evaluating governance, operational infrastructure, financial controls, compliance programs, valuation processes, and overall operational risk.
This position will report to the Head of Global Operations. The role will be located in Minneapolis / London.
What You’ll Do:
Conduct operational due diligence reviews of external asset managers, loan originators, servicers, and other investment counterparties.
Evaluate the design and effectiveness of control environments, governance structures, risk management frameworks, compliance programs, and operational processes.
Review audited financial statements, regulatory filings, SOC reports, compliance policies, and other due diligence materials.
Assess key functions including accounting, valuations, group operations, cash management and wire controls, cybersecurity, business continuity, and vendor oversight.
Perform onsite and virtual due diligence meetings with senior management and key control personnel of investment managers.
Identify operational, financial, regulatory, and reputational risks and document findings in comprehensive due diligence reports.
Support ongoing monitoring of approved managers through periodic reviews, event-driven assessments, and risk-based monitoring activities.
Collaborate with investment, legal, compliance, risk, and operations teams to support manager selection and monitoring decisions.
Assist in developing and enhancing due diligence methodologies, frameworks, and reporting standards.
Monitor industry trends, regulatory developments, and emerging risks affecting alternative investment managers.
What We’re Looking For:
Required
Bachelor's degree in Accounting, Finance, or a related field.
CPA designation required.
Minimum of 10 years of experience in public accounting, internal audit, operational due diligence, risk advisory, or financial services auditing.
Experience evaluating internal controls, financial statements, and operational processes.
Strong understanding of audit methodologies, risk assessment frameworks, and control testing.
Excellent analytical, investigative, and problem-solving skills.
Strong written communication skills with the ability to prepare detailed due diligence reports and executive summaries.
Ability to manage multiple projects and deadlines in a fast-paced environment.
Preferred
Experience conducting operational due diligence reviews of asset managers, hedge funds, private equity firms, private credit managers, real estate managers, or other alternative investment firms.
Familiarity with alternative investment structures, fund operations, valuation practices, and investment management workflows.
Knowledge of SEC-registered investment adviser requirements and industry best practices.
Additional certifications such as CIA, CFA, CAIA, or CISA.
Experience reviewing SOC 1 and SOC 2 reports.
Who We Are:
AB CarVal is an established global alternative investment manager and part of AllianceBernstein’s Private Alternatives business. Since 1987, AB CarVal’s team has navigated through ever-changing credit market cycles, investing $155 billion in 5,850 transactions across 82 countries. Today, AB CarVal has approximately $20 billion in assets under management. The firm has a 38-year history, strong track record and an established reputation in asset-based finance with a team of approximately 74 investment professionals in the US, Europe and Asia. A key differentiator is the firm’s robust global network of established relationships with operating platforms and partners.
Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us!
In accordance with applicable law, the minimum and maximum base annual salary for this role is as follows:
Base Salary Range: $130,000 – $170,000
Actual base salaries may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base salary is just one component of total compensation at AB CarVal, which may include, depending on eligibility, commissions, year-end incentive compensation, short- and long-term incentives and Department-specific awards. In addition AB provides a variety of benefits to eligible employees, including health insurance coverage, an employee wellness program, life and disability insurance, a retirement savings plan, paid holidays, sick and vacation time off
All are encouraged to apply. AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law. AB’s policies and practices seek to ensure that employment opportunities are available to all employees and applicants based solely on job-related criteria.
Minneapolis, Minnesota