About Neuberger Berman Group LLC:

Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 39 cities worldwide, the firm manages $515 billion in client assets (as of March 31, 2025) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally.

Position Overview:

NB Alternatives manages approximately $168 billion for institutional and high net worth clients across a range of commingled fund of funds and customized portfolios.

This Operational Due Diligence team member will play an integral role in overseeing and maintaining the Alternatives Operational Due Diligence program and directly impacting overall investment decisions. In addition, this role will provide a high level of direct interaction with senior personnel on both the investment and non-investment teams of the firm. The role’s primary responsibility is to conduct operational due diligence reviews on both existing and prospective investments maintained with third party alternative fund managers (i.e. hedge, private equity, venture capital) and specialty lenders. The right candidate will be able to identify operational risks based on key investment characteristics (e.g. strategy, firm/team, product offering), and assess the operating infrastructure in place to mitigate these risks. Reviews conducted will be focused on firm/fund structuring, trading, valuation, portfolio accounting and fund administration, counterparty risk, technology, and compliance. The candidate should be comfortable participating in meetings with C-level executives and be able to succinctly document the findings of their review. In addition, the candidate must be able to maintain ownership of the broader ODD review process of a roster of over 300 alternative fund managers and specialty lenders across various strategies (i.e. hedge funds, private equity, venture capital, specialty finance), and ensure that all investments are reviewed in a timely and ongoing manner, as necessary.

Primary Responsibilities:

• Maintain ownership of the full ODD review lifecycle for both existing and prospective investments

• Gather and analyze information from fund managers and specialty lenders during the investment decision-making process via meetings held with senior members of the firm’s non-investment team (e.g. COO, CFO, GC/CCO, CTO)

• Identify key areas of operational risk and ensure that the appropriate mitigating controls have been implemented

• Communicate due diligence findings to the Investment Team and other decision makers at the firm as necessary

• Document and track the operational due diligence review process via the maintenance of a proprietary ODD memo

• Build out and manage proprietary data set used in ODD analysis and monitoring process

• Conduct ongoing service provider due diligence

• Stay abreast of industry best practices and key events across several areas (e.g. regulatory, technology/systems, trading) while maintaining ownership of projects focused on the analysis of key risks within the portfolios

• Communicate with clients on an as-needed basis

• Engage in ad hoc operational projects to support the broader Alternatives platform

Experience & Skills Qualifications:

• Minimum 1-2 years of experience required; traditional audit/tax, advisory, or operational due diligence experience strongly preferred but comparable fund accounting, trading, fund administration, or hedge/PE fund operations experience will be considered

• Familiarity with private equity, venture capital, private credit, and various hedge fund strategies (e.g. distressed credit, global macro, systematic)

• Superior oral communication skills; Candidates must be comfortable participating in meetings with C-level professionals and engaging with investors. In addition, written skills are essential to maintaining internal documentation which may be made available for client consumption

• Strong attention to detail; Must be able to consume and triangulate information and data from multiple sources and ultimately reconcile any conflicts

• Must be able to independently formulate, and confidently support, opinions

• Ability to support ongoing reviews and take the lead on ad hoc projects while maintaining accountability and ensuring that internal deadlines are met; Must be able to multi-task and prioritize multiple projects in an efficient manner

• Proficient in Microsoft Office

• Experience with Tableau and / or PowerBI a plus

• CPA, CAIA or CFA a plus

Compensation Details

The salary range for this role is $85,000-$95,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in the job posting location. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Neuberger Berman is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact onlineaccommodations@nb.com.

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