Operational Risk Manager

1 week ago


New York, New York, United States Soros Fund Management Full time
Company Description

Soros Fund Management LLC (SFM) is a multi-strategy global investment firm and family office that manages approximately $28 billion in net assets. Founded by George Soros in 1970, SFM serves as the principal asset manager for the Open Society Foundations (OSF), one of the world's largest charitable foundations dedicated to promoting justice, human rights, and democracy. SFM leverages its permanent capital base, unconstrained mandate, and 50-plus + years of experience to invest nimbly across diverse strategies and asset classes, including public and private equities and credit and macro assets. SFM's approach is unique in the investment industry. Headquartered in New York City with offices in London, Dublin, and Hong Kong, SFM employs about 200 professionals.

Position Overview

In this newly established, standalone role, you will be tasked with developing a brand-new, bespoke Operational Risk framework responsible for defining, contextualizing, documenting and implementing specific controls as they pertain to the business' non-financial risk obligations.

You are a curious, pro-active, initiative taking individual who enjoys collaborating with internal and external stakeholders and has the commercial acumen to balance making decisions that align with business objectives, whilst maintaining a relevant level of rigor.

Major Responsibilities
  • Assess existing processes and workflows to devise a bespoke control framework across all facets of the organization (investment and non-investment) as they pertain to operational risk, technology risk, third-party risk, reputational risk, operational resilience and any other type of risk that may be deemed appropriate (such as NPAP).
  • Develop policies and procedures that are suited to a dynamic, nimble and fast paced industry.
  • Engage with business leads and other stakeholders through presentations or other training methods to convey credibility and the significance of this framework.
  • Devise a reporting system to track key risk indicators with the objective of presenting to other senior stakeholders on a periodic basis.
Minimum Requirements
  • Bachelor's Degree in a relevant field.
  • 5+ years' experience in an audit and/or operational risk management role from an asset management, investment banking or global markets business.
  • Hands on experience and understanding of what a 'best practice' non-financial risk management framework looks like.
  • Previous experience in developing and implementing non-financial risk frameworks.
  • Curious mindset, ambitious and willing to operate with a hands-on mentality.
  • Analytical and with the ability to critically think through problem and devise solutions.
  • Organized, pro-active and with outstanding communication and relationship building skills.
  • Strong commercial acumen and understanding of the key drivers of asset management.
  • Experience with SOC I and SOC II highly preferred.
Reports into: Chief Risk Officer

Other Key Relationships:
  • Risk Management
  • Legal & Compliance
  • Operations
  • Finance
  • Technology
  • Investment Teams
  • Trading
  • HR
We anticipate the base salary of this role to be between $150,000-225,000. In addition to a base salary, the successful candidate will also be eligible to receive a discretionary year-end bonus

In all respects, candidates need to reflect the following SFM core values:

Integrity // Teamwork // Smart risk-taking // Owner's Mindset // Humility

Discover how SFM continues to drive impactful investments and supports the global mission of the Open Society Foundations.

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