DAFGiving 360, Alternative Investment Due Diligence Manager
Your Opportunity
Your opportunity
DAFgiving360’s mission is to increase giving in the U.S. with donor-advised funds (DAF) and philanthropic tools and resources that make charitable giving tax-smart, simple, and efficient. We offer tools, guidance, and relationships that empower donors to incorporate charitable planning into their everyday lives and make a bigger difference in the world. Since our founding in 1999 as an independent 501(c)(3) public charity, DAFgiving360 donors have granted more than $29 billion to more than 235,000 charities. Visit DAFgiving360.org for more information.
At DAFgiving360, we believe people have an inherent desire to give and that investing and giving when done together can empower us to make a real difference in the world. We make it easy to integrate charitable giving into clients’ financial planning and wealth management conversations. We believe that if our clients apply the same thoughtful strategy to their giving and philanthropy that they apply to their finances and investments, they will be happier and more fulfilled donors. With our uniquely integrated approach, our simple and tax-smart giving solution, our access to online resources and our team of charitable specialists, we offer the tools, guidance, and relationships to help donors give more to the charities that matter most to them.
DAFgiving360 was founded by Charles Schwab & Co., Inc. and while it operates as an independent charity, it is closely affiliated with and enjoys the support of Charles Schwab & Co., Inc, including contractual agreements to provide a variety of services.
Our Opportunity
DAFgiving360 provisionally permits hedge funds and private equity investments in DAFgiving360 accounts to maximize options that provide greater value to our clients’ philanthropic wealth management strategies. This position, which reports to the Senior Manager of Alternative Investment (Alts) Due Diligence, is chiefly responsible for ensuring investment policy and regulatory compliance of DAFgiving360’s Alts (private funds) recommended by the advisors and working with the advisor to onboard Alts funds in the Donor Advised Fund (DAF) accounts.
Position Responsibilities:
- Process Alts purchase/contribution recommendations from advisors and communicate Alts program guideline and process to the advisors
- Collect and read required Alts due diligence documents for each recommendation
- Conduct Alts due diligence review on proposed AIs and prepare Alts Risk Assessment Reports for Senior Manager review by going through investment offering documents
- Review Alts correspondence and quarterly/annual Alts updates to ensure ongoing policy compliance
- Maintain Alts records - ensure files are complete, well-organized, and documented for quick retrieval
- Conduct annual review of DAFgiving360 Fund (SCF) Alts positions to ensure funds are still compliant with policies and regulations and the risk assessment is accurate.
What you have
- Bachelor’s Degree required
- Proven experience in document review and risk analysis within a financial services institution
- Understanding of a wide range of investment styles, strategies, and security types
- Commitment to excellence and strong attention to detail
- Self-starter with demonstrated ability to analyze, research and resolve problems
- Excellent oral, written and presentation skills, including ability to communicate effectively with senior management, peers and outside parties, including clients and investment advisors about investment policies and processes
- Critical thinker with ability to react to changes in regulatory, market and business climate
- Desire to advance your career through additional designations such as a CAIA or CFA
What’s in it for you
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
- 401(k) with company match and Employee stock purchase plan
- Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
- Paid parental leave and family building benefits
- Tuition reimbursement
- Health, dental, and vision insurance
What you are good at
What you have
- Bachelor’s Degree required
- Proven experience in document review and risk analysis within a financial services institution
- Understanding of a wide range of investment styles, strategies, and security types
- Commitment to excellence and strong attention to detail
- Self-starter with demonstrated ability to analyze, research and resolve problems
- Excellent oral, written and presentation skills, including ability to communicate effectively with senior management, peers and outside parties, including clients and investment advisors about investment policies and processes
- Critical thinker with ability to react to changes in regulatory, market and business climate
- Desire to advance your career through additional designations such as a CAIA or CFA
Why Schwab?
At Schwab, “Own Your Tomorrow” embodies everything we do! We are committed to helping our employees unleash their potential and achieve their dreams. Our employees get to play a central role in disrupting a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth. We’re a modern financial services firm that stands apart from the industry, where you can go as far as your ambition takes you.
Hear from employees: What’s it like to work at Schwab!
The benefits of working at Schwab : a package designed to empower your health, wealth, career and life. Schwab is committed to building a diverse and inclusive workplace where everyone feels valued.
As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. (Please click here to see policy.)
Schwab is also an affirmative action employer, focused on advancing women, minorities, veterans, and individuals with disabilities in the workplace. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity.