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Manager of Acquisition Due Diligence & Integration Oversight

Location McLean, Virginia
Job ID R103229 Updated date 11/20/2020
McLean 2 (19052), United States of America, McLean, Virginia

Manager of Acquisition Due Diligence & Integration Oversight

ABOUT UNITED INCOME:

United Income is a financial technology company that was recently acquired by Capital One. We combine the latest technology with time-tested wisdom to better understand the interconnectedness of our financial lives, allowing us to lower client’s taxes, boost retirement benefits, and improve the quality of investment management.


We have over $1 billion of assets under management, with 99 percent client retention to date. We all are united in our mission to use new technology to increase the financial potential of our customers in ways that have not been possible in the past. That’s where you come in. We want the best and the brightest. Work is more fun when you know that you’re surrounded by people who are as dedicated as you are.

 

Our Vision Is Clear

Use technology to lower the cost of advice, improve its quality, and simplify its delivery so we can help more people convert their hard work into financial mobility and security.

 

Our Goals Are Simple

Create the best financial planning and money management solution in the world;

Create a culture that is ambitious, fun, smart, and attracts and retains the best talent in each of our major areas of business;

Meaningfully and measurably improve the financial lives of American households​.

 

ACQUISITION DUE DILIGENCE & INTEGRATION OVERSIGHT ROLE:

We are looking for a passionate associate with a background in asset management, a strategic mindset and a drive for continuous improvement and experience leveraging technology to scale and add customer value.  In this role, you will report directly to our Head of Portfolio Acquisition & Integration and be responsible for the day-to-day execution of our strategic initiative to accelerate  growth through continuous acquisition of registered investment advisors.  The associate will be a key contributor in support of our Investment & Trading due diligence efforts aimed to qualify acquisition candidates, execute the investment integration tasks and take responsibility for the on-going analysis, oversight and risk reporting of securities/portfolios scheduled to be prudently transitioned to  United Income’s investment products and strategies.  

 

Our ideal candidate is an independent self-starter with solid industry experience, strong reporting and analytical capabilities (ability to organize and interpret big data from multiple sources), the ability to collaborate internally (cross-functionally) and with external acquisition candidates, strong leadership capabilities, and the ability to think strategically but to execute tactically.  This role requires a combination of asset management and trading experience, interpersonal skills and analytical capabilities.

 

The Acquisition Due Diligence & Integration Oversight position will have a significant role in building, developing, and maintaining a well managed due diligence, integration, and oversight framework to support our ambitious growth plans.  You will work closely with our Growth, Wealth Management, Risk and Compliance teams to conduct due diligence on acquisition candidates, to integrate acquired client portfolios and to institute and continuously improve a well managed framework to ensure proper oversight of acquired assets in accordance with highest fiduciary standards.  You will work closely with our Product and Engineering teams to translate business strategies into digital requirements to enhance execution efficiency that empower our Wealth Managers and enhance the client experience.  

 

This role is integral to the oversight of securities/portfolios that will transition overtime with a goal  to align with United Income’s investment strategies, as well as executing medium-long term portfolio transition strategies, security and portfolio analysis, trade preparation and innovations in support of ongoing growth.  Emphasis is on customer care, fiduciary duty and regulatory obligations.  A commitment to excellence is demonstrated through continuous development, deep collaboration, engagement, knowledge, skills, and morale.

 

Here’s What We Expect To See

  • Key member of a new team focused on due diligence, integration, oversight and risk control reporting of acquired client portfolios

  • Oversight of newly funded accounts, on-going portfolio management, documentation requirements, and tax related issues

  • Key contributor to establish and maintain due diligence protocols to assist onboarding acquired clients through a seamless transition

  • Provide periodic reporting to Executive Leadership and valuable insights to United Income’s Investment Strategy & Governance Committees with an emphasis on the investment & trading risk control environment

  • Support the development of ranking criteria to periodically and efficiently screen mutual funds, ETFs and other commingled products

  • Conduct periodic reviews of customer files for completeness, and oversee maintenance of all logs, checklists, forms, notices and disclosures 

  • Ensure compliance with all applicable regulations, internal supervisory controls and Corporate RIA program procedures

  • Build and maintain investment documentation and management of processes and procedures.

  • Work closely with the technology team to maximize and integrate technology to improve work processes and data management

  • Provide support and information to internal and external auditors

  • Drive continuous process improvements and increase efficiency 

  • Demonstrated level of investment/analytical understanding & ability to grasp and articulate complex topics

  • Work with Senior Management to ensure the accomplishments of departmental goals and  prepare reporting to track KPIs across the team

  • Strong work ethic, high integrity, unimpeachable ethical standards

  • Creativity and the ability to think out of the box to formulate innovative strategies

  • Excellent listening, profiling & closing skills

  • Eager to employ & adapt to new technologies

  • Self-starter, driven to overcome challenges to achieve success

  • Team-oriented/relationship builder

  • High level of intellectual curiosity and are comfortable with ambiguity

 

Here’s What’s In It For You

  • Bring us all this and you’ll be rewarded with a role that offers the opportunity to leave your mark on the investment management of a brand-new business line of one of the biggest banks in the US

  • We offer high performers strong and diverse career progression, investing heavily in developing great leaders through our Capital One University training programs (and appropriate external providers)

  • A competitive, world-class benefits package focused on health and wellness for our associates and their families
     

Basic Qualifications 

  • Bachelor’s Degree or military experience

  • At least 5 years of asset management experience

  • At least 3 years of experience in investment operations

  • At least 3 years of RIA experience

  • At least 2 years of experience with laws and regulations governing financial institutions, Registered Investment Advisors and FinTech platforms

  • At least 2 years of Agile or Lean experience

 

Preferred Qualifications

  • Bachelor’s Degree in Business or field such as Finance, Economics, Math, Statistics, 

  • 10+ years of experience in Financial Services industry

  • 7+ years of experience in RIA or Bank Wealth Management

  • 3+ years of experience leading the back or middle office function in investment organizations, financial services companies, hedge funds, fund of funds, family offices or similar financial settings

  • 2+ years of experience working with auditors and regulatory agencies

 

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

Who We Are

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.