Director, Operational Due Diligence; Hedge Funds

At Franklin Templeton, we’re driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we offer opportunities not only to help you reach your potential but also to contribute to our clients’ achievements.

Come join us in delivering better outcomes for our clients around the world!

Franklin Templeton Investment Solutions (FTIS) is a leader in multi-asset, quantitative, and hedged solutions, leveraging a global network of investment teams to offer innovative and diversified strategies. With a focus on long-term investing, we combine deep research, active management, and data-driven insights to create solutions which seek to meet the evolving needs of investors worldwide.

About the Opportunity

The Operational Due Diligence (ODD) Director joins a team with over 30 years of experience in allocating to alternative investment strategies, currently managing $88B with over $10B in hedge fund investments. The Director will conduct a thorough evaluation of operational risks within investment managers' businesses and create detailed written reports based on their findings. The Director will report to the Head of Investment & Client Operations, and will be responsible for examining documentation, staff & organizational structures, systems, service providers and technology infrastructure.

This position will be located in our Stamford, CT or New York City office.

What are the ongoing responsibilities of this role?

The Director will be a detailed oriented, proactive, and process-driven individual with experience in operational due diligence and understanding of alternative investments and complex strategies. The role entails:

• Conduct comprehensive operational due diligence reviews of hedge fund managers and investment firms.

• Assess the infrastructure, internal controls, policies, and procedures of investment managers.

• Evaluate key operational risk factors including compliance, valuation, and cash controls.

• Review and analyze fund offering documents, financial statements, audit reports, and service provider agreements.

• Conduct onsite or virtual meetings with fund managers, COOs, CFOs, and other key personnel.

• Identify and monitor potential operational red flags or weaknesses.

• Prepare detailed operational due diligence reports and risk assessments.

• Monitor ongoing developments with existing managers, including significant personnel or structural changes.

• Stay current with industry best practices, regulatory developments, and emerging risks in the alternative investments space.

What ideal qualifications, skills & experience would help someone to be successful?

• 5+ years of experience in operational due diligence, with an emphasis on alternative strategies, including hedge funds.`

• A Bachelors degree in Accounting, Business, Economics or Finance

• Ability to evaluate internal controls, fund governance, trade processing, valuation, compliance, and business continuity.

• Familiarity with different hedge fund strategies (e.g., long/short equity, global macro, quant, credit) and operational setups.

• Knowledge of key service providers (administrators, custodians, auditors) and their roles in fund operations.

• Polished and professional communication and interpersonal skills with experience in conducting on-site/virtual manager interviews

• High attention to detail, organizational skills, and the ability to manage multiple reviews simultaneously

• Comfort with Excel, data analysis tools, trading platforms, order management and risk systems (Vidrio, experience a plus, but not essential)

Compensation Range
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Along with base compensation, other compensation is offered such as a discretionary bonus, 401k plan, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location,…