Private Equity Solutions- Operational Due Diligence - Associate/ Senior Associate
Morgan Stanley
West Conshohocken, PA, USA
Morgan Stanley Private Equity Solutions (the Team), an investment team within MSIM, seeks to deliver innovative private markets solutions to a global client base across a variety of asset classes within private equity and related strategies. The Team is comprised of over 80 investment professionals based in suburban Philadelphia, New York, London, and Hong Kong and manages a global program across primary fund investing, co-investing, and secondaries in developed and emerging markets. The Team also has a strong and growing leadership position across impact-oriented strategies, including social impact, climate solutions, and racial & gender equity. Overall, the Team has invested over $29bn across almost 1,300 opportunities, as of Dec 31, 2025.
The candidate will be responsible for researching, analyzing and documenting the operational risk management processes and controls of potential underlying private equity managers. The individual's role will typically be the performance and documentation of due diligence. In addition, this person will be involved in various risk management support activities such as developing and enhancing the group’s various approaches to assess and monitor operational risks. The candidate will report to the Head of Operational Due Diligence. This position is located in West Conshohocken, Pennsylvania. The successful candidate will play a key role in all phases of the due diligence process.
RESPONSIBILITIES
- Coordinate, prepare for, and actively participate in due diligence meetings with senior management of potential and existing private equity managers and conduct in-depth operational due diligence on private equity fund managers and their investment strategies
- Evaluate operational risks including compliance, legal, IT systems, cybersecurity, business continuity, and financial controls and recommend mitigation strategies to private equity managers
- Analyze quantitative and qualitative data to evaluate fund operations and maintain databases for tracking and reporting purposes
- Liaise with the in-house legal team to ensure that potential and existing fund managers comply with relevant regulatory requirements and industry best practices
- Coordinate and review background investigations of senior management of private equity fund managers and/or underlying portfolio companies
- Analyze audited financial statements from underlying funds to identify departures from generally accepted accounting principles, qualifications of audit opinions, performance, related party transactions and other unusual attributes
- Evaluate and monitor third-party service providers utilized by fund managers, including administrators, auditors, and custodians, and assess the effectiveness and reliability of outsourced functions and services
- Prepare detailed reports and presentations summarizing findings and assessments for the Investment Committee
- Stay abreast of industry trends, emerging risks, and best practices in operational due diligence and continuously refine and enhance due diligence methodologies and processes
- Bachelor’s degree in finance, accounting, business administration, economics, or a related field
- Advanced degrees (MBA, MS) or professional certifications (CFA, CAIA, CPA) are a plus
- Excellent presentation, verbal communication and interview skills required
- Minimum 3-5 years of experience in investment management industry, preferably in operational due diligence, risk management, audit, or a related field within the alternative investment field
- Ability to apply knowledge and experience to a wide variety of alternative investment managers and operating environments to assess operational risks and identify potential concerns
- Strong analytical skills with the ability to evaluate complex operational processes and risks
- Ability to travel globally (position may require travel)
- Detail-oriented with strong organizational skills and the ability to manage multiple tasks simultaneously
- Team-player instincts, with a professional demeanor characterized by collegiality, mutual respect, integrity, and thoughtfulness
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
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Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.