Asset Management - Private Credit Due Diligence - Vice President
New York, NY, USA
Job Summary
We are seeking a hands-on Vice President to join our Global Alternative Investment Solutions Operational Due Diligence (ODD) team focused on private credit investments. The role will be responsible for leading and executing initial and ongoing operational due diligence of private credit investment managers, with additional focus on assessing private credit secondary investments. In addition, the candidate is expected to contribute to selected projects aimed at ensuring our ODD program remains cutting edge and serve to strengthen and evolve our ODD framework, knowledge base, and the client-facing articulation of our program. The successful candidate will collaborate closely with investment, operations/finance, risk, legal and product structuring teams while maintaining independent judgment on manager operational risks, concerns, and sustainability practices.
Job Responsibilities
The candidate will be expected to deliver end-to-end ODD coverage and clearly communicate conclusions to internal and external stakeholders.
- Lead and perform on-site (and virtual) manager diligence meetings on private credit managers across core components including infrastructure and staffing, third-party service providers/fund administrators, financial operations, legal & compliance, financing arrangements, and information technology/cybersecurity.
- Conduct initial and ongoing monitoring diligence, including periodic refreshes and event-driven follow-ups.
- Assess operational considerations specific to private credit secondary investments, including any incremental operational complexity and monitoring needs.
- Prepare written diligence materials summarizing key findings, deficiencies, and recommended remediation/monitoring steps for internal use.
- Present diligence conclusions at internal Investment Committee meetings and contribute to internal education sessions.
- Partner with investment managers to identify practical solutions to remediate operational deficiencies identified through the ODD process and validate progress over time.
- Help shape the firm’s point of view on private credit operational risk topics and implications for underlying managers and portfolios.
- Work closely with Research, Marketing, Risk, Legal, Product Structuring and other internal groups; represent the firm externally and present ODD practices/findings to existing and prospective clients and other external audiences.
- Contribute to projects that enhance the ODD program, keep the approach current, and strengthen how the program is communicated to clients.
Required qualifications, capabilities and skills
The following qualifications reflect the experience and “partner mindset” needed for this position.
- 7+ years of industry experience, including 3+ years in an ODD role focused on private credit and private credit secondary investments at an alternative investment or advisory organization.
- Undergraduate degree from an accredited institution.
Ability to apply experience across a broad spectrum of alternative investment managers and operating environments to assess operational risks and relevant sustainability factors, identify concerns and form independent conclusions.
Knowledge of global capital markets and the factors driving those markets.
Demonstrated strength in external client engagement, including communicating with sophisticated investors in one-on-one and group settings; viewed as a thought leader and value-add partner (not a “check-the-box” reviewer).
Confidence and poise to interview senior investment manager counterparts (e.g., COO, CFO, Head of Operations, CCO) and to build/maintain strong internal and external relationships, including managers, third-party service providers, related vendors and industry peer groups.
Preferred qualifications, capabilities and skills
The following attributes are additive and align well to the due diligence skill set for this role.
- Experience in private credit due diligence, fund administration, operations, accounting, bank credit and/or audit.
- Concentration in Accounting/Finance.
- MBA, CPA, JD, CAIA and/or CFA.
- Prior people management experience.
The candidate will be based in New York and will report to the JPMorgan Alternative Solutions Group - Head of Operational Risk.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.
We are seeking a hands-on Vice President to join our Global Alternative Investment Solutions Operational Due Diligence (ODD) team focused on private credit investments.