Wellcome Trust

Closing date: Monday, 30 June 2025

Contract type: Permanent

Interview dates: w/c 7th July

The Wellcome Trust is a global charitable foundation. We improve health for everyone by funding science, leading policy and advocacy campaigns, and building partnerships.

We plan to spend £16bn over the next ten years, funding new discoveries in life, health, and wellbeing, and taking on three global health challenges: mental health, infectious disease and climate and health.

These challenges need the bold science we support, but they won’t be solved by science alone.

We are looking for an Operations Due Diligence Manager to join our team.

Where in Wellcome will I be working?

You will be working with the Operations Director, Investments within the Investments Operations team.

The Data and Operations team directly supports the portfolio managers and analysts who jointly manage Wellcome’s £37billion investment portfolio, which is diversified across public and private asset classes with an overall objective of generating returns to fund the Trust’s mission.

The team is responsible for ensuring the smooth running of the investment process day-to-day and for the provision and management of timely, accurate and consistent data to portfolio managers, analysts and key stakeholders alike. To achieve these goals, the team works closely with service providers, counterparties, systems vendors and key internal parties and carries out a number of critical tasks on a regular and ad hoc basis. Additionally, the team is involved in several continuous improvement initiatives aimed at making our operating model more efficient and cost effective, to deliver value to the Trust and to therefore support the overall mission.

What will I be doing?

The Operational Due Diligence Manager is responsible for performing ODD duties across all asset classes within the Wellcome Portfolio, conducting manager reviews, supporting the Investment team and Operations Director, while collaborating with asset class heads and analysts, and participating in investment decision meetings to present findings.

As an Operations Due Diligence Manager, you will:

• Conduct operational due diligence on funds, managers, and partners, focusing on structure, team expertise, and cybersecurity.
• Present due diligence findings to the Investment Committee and review legal and tax documentation.
• Evaluate investment partner terms and third-party services like auditors and prime brokers.
• Verify manager-provided information with independent sources and conduct monitoring to ensure standards.
• Keep updated on legal and accounting issues in alternative investments and support ad-hoc projects.
• Contribute to a diverse and inclusive culture across the organisation, collaborating across departments.

Is this job for me?

This role is ideal for a motivated individual with in-depth experience in operational due diligence, keen on contributing to Wellcome’s vision, and adaptable to changing priorities. If you have a background in finance or accounting, possess strong interpersonal and communication skills, and have the ability to manage multiple projects across stakeholder groups, this position aligns well with your expertise.

To apply for this role please submit an update CV and answer 2 application questions to demonstrate that you meet the minimum requirements for the role.

Minimum Criteria:

• In-depth experience in operational due diligence from within a private equity platform or fund, alternative investment administrator or prime broker or, an auditing firm as a financial auditor conducting audit within Private Equity or AIF universe.
• Knowledge of Investment Consultancy or Asset Management Industry

You can view the full job description on our website

You can read more about the benefits we offer our employees on our website

Our Hybrid Way of Working

We understand that our colleagues have commitments and personal interests outside of work and we strive to build a flexible working environment, in which people can perform at their best.

At Wellcome we have a hybrid way of working which is 3 days in our Euston Road offices (Tuesday, Wednesday and Thursday) with the remaining 2 days working either remotely or in the office.

Diversity and Inclusion is at the heart of everything we do

Diversity and Inclusion is a priority at Wellcome. We are committed to cultivating a fair and inclusive environment, where everyone can be themselves and thrive. We are happy to discuss flexible working options for all roles. We work to ensure that our recruitment processes are as inclusive as possible to everyone. This includes making adjustments for people who have a disability or long-term condition. Please visit our website for more information on adjustments and accessibility, or contact us at jobs@wellcome.org.

Upon a conditional offer being made, the successful applicant for this position will be required to undertake a Basic Disclosure and Barring Service (or equivalent) criminal record check to disclose any ‘unspent’ criminal convictions or conditional cautions under the Rehabilitation of Offenders Act 1974. The criminal record check with not show anything that is ‘spent’.

For further guidance on disclosure of criminal records please see this UK Government Guidance. You can view our Policy Statement on the Recruitment of Ex-offenders here. You can view our Privacy Statement here.

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