Alternative Investments Director - Req. 1901468
Under minimal supervision, utilizes knowledge of finance and investment concepts obtained through education and work experience to take a senior role providing high net worth clients with a platform of non-traditional investment opportunities. Primary functions include conducting quantitative and qualitative due diligence, investment analysis (e.g., financial modeling, risk analysis, validating investment merits, etc.), and making recommendations on hedge funds, private equity funds, real estate funds, managed futures funds, and other non-traditional investment opportunities; authoring product approval memorandums directed to senior management; maintaining frequent contact with current as well as prospective fund managers; authoring whitepapers; and supporting financial advisors with requests related to alternative investments. The Alternative Investments Director will coordinate closely with the Vice President, Alternative Investments Product Development and Research to set priorities for the alternative investments platform and to provide leadership and mentorship for the team of professionals responsible for the oversight and development of the platform.
Essential Duties and Responsibilities:
• Fosters an environment in which the alternative investments platform is managed in alignment with the firm's core values, putting clients’ interests first.
• The Alternative Investments Director may maintain direct reporting relationships and will have a role in supervising, working closely with, and mentoring Analysts and Associates on the team
• Performs extensive quantitative and qualitative analysis in the preparation of research reports.
• Analyzes the investment merits and risks of nontraditional investments, including but not limited to hedge funds, private equity funds, commodity funds, alternative mutual funds, and as well as their associated suitability for RJ clients.
• Conducts onsite due diligence for existing and prospective alternative investment products.
• Makes recommendations regarding products, including the hiring and firing of investment managers.
• Prepares product approval memos/presentations for use by the Alternative Investment Group Product Approval Committee, comprised of senior management.
• Leads presentations to the firm’s Alternative Investments Product approval committee and develops the ability of team members to do the same.
• Works intimately with colleagues and legal counsel to formulate new partnerships with outside managers, build new product offerings and craft, review and maintain the requisite legal contracts and offering documents for such ventures.
• Collaborates with the alternative investments product management, operational due diligence, product support and operational teams, as well as the financial advisors, to evolve the platform and address areas of demand.
• Transfers product knowledge and expertise by communicating with and educating other teams (i.e., operations and product support) in addition to direct financial advisor communication.
• Supports representing alternative investments in recruiting "home office visits" and client "by invitation only visits".
• Serves as an alternative investments thought leader, contributing alternative strategy commentary and market perspective for firm-wide publications as needed.
• Hosts manager meetings at the corporate headquarters and travels to other firms to conduct interviews of top management.
• Communicates material information to sales force via reports, email and telephone.
• Authors and proofreads communication to be used by the sales force, which may include detailed reports, qualitative reviews, news alerts, and/or memos regarding analyses.
• Attends and participates in industry conferences.
• Leads large projects as necessary.
• Performs other duties and responsibilities as assigned.
Knowledge, Skills, and Abilities:
• Advanced knowledge of complex investment products (e.g., hedge funds, private equity, real estate, private credit, etc.) and the markets in which they invest.
• Financial markets, products, financial advisory function and investment process.
• Advanced investment concepts, practices and procedures used in the securities industry regarding applicable legislation, compliance standards, policies and procedures within assigned business area.
• Quantitative and qualitative understanding of the investment management business and performance measurement.
• Macro and micro economics and their impact on product performance.
• MS Office applications
• Working knowledge of Bloomberg
• Excellent working knowledge of Evestments
• Excellent working knowledge of various Hedge fund databases
• Excellent written and verbal communication skills
• Presentation skills
• Qualitative and quantitative analysis, sufficient to reach recommendation conclusions.
• Strong leadership skills
• Cultivating and maintaining effective working relationships at all levels of the organization.
• Prioritizing multiple simultaneous projects.
• Proven negotiation, conflict resolution and relationship management skills.
• Detail orientation sufficient to thoroughly complete assignments, and ensure quality standards are met without impairing workflow.
• Demonstrate uncompromising adherence to ethical principles.
• Promote team cohesiveness, cooperation, and effectiveness.
• Foster a productive, rewarding and enjoyable work environment.
• Represent the company in a highly professional manner.
• Research, interpret, analyze and apply information about investment advisor organizations.
• Maintain currency in investment products and financial planner services.
• Source new products based on existing industry relationships.
• Gather information, identify linkages and trends and apply findings to assignments.
• Multi-task, work in teams, self-motivate, take initiative, innovate, work independently, adapt, accept and lead change, and meet deadlines.
• Organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities and interruptions and meet deadlines in a fast-paced work environment.
• Develop and maintain effective working relationships with team members, internal partners, and external parties.
• Partner with other functional areas to accomplish objectives.
• Use verbal and written communication skills to effectively and professionally communicate with all levels of the organization, including financial advisors.
• Prepare and deliver clear, effective and professional presentations.
Educational/Previous Experience Requirements:
• Minimum Degree Required:
o MBA or CFA
• Required Disciplines:
o Finance, General business, or Economics very strongly preferred
• Any equivalent combination of experience, education, and/or training approved by Human Resources.
• Minimum Experience:
o 7 years relevant experience; 10 years preferred
• At least one of the following is preferred: Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA)
• SIE required provided that an exemption or grandfathering cannot be applied.
• FINRA Series 7 & 66 licenses