Current Positions

Operational Risk Manager (54112)

A hedge fund is seeking an Operational Risk Manager. The ideal candidate will have asset management industry experience and has set up or helped set up an ORM framework in the past.

Responsibilities

  • Facilitating the identification and evaluation of the organization’s key operational risks and controls, including assessing, reporting and validating remediation of operational risk exposure and related control gaps
  • Evaluating and where necessary, challenging, completed business operational risk self-assessments
  • Promoting a culture of risk transparency and business unit-level ownership and accountability over operational risk and control environments
  • Fostering continuous improvements to operating environments;
  • Providing thoughtful and collaborative leadership and serve as the subject matter expert on operational risk initiatives
  • Organizing and evolving Firm’s operational risk framework and associated assessment methodology, approach and tools
  • Performing theme/trend analysis on recurring operational risk incidents for management’s evaluation and remediation
  • Facilitating discussions with business owners in the consideration of emerging operational risks (e.g., driven by changes in operating and regulatory environments)
  • Conducting interviews, creating working papers, etc., that support work performed and conclusions reached
  • Communicating the results of risk analysis via written reports and verbal presentations to management
  • Documenting and assessing operational breaches/risk events, consulting with business to develop appropriate controls/remediation plans, and monitoring implementation of agreed upon mitigation
  • Owning relationships with specified business managers to promote a culture of continuous improvement/operational risk management and driving constructive communication with the ORM team
  • Periodic benchmarking of the firm’s practices against those of peer firms
  • Pursuing professional development opportunities via professional associations and internal/external training
  • Performing various other tasks and projects, including Internal Audit related, as required

Requirements

  • 6-8 years operational risk management, audit and/or related experience in investment management industry preferred
  • Experience with Basel II/III, COSO, ERM, risk and control self-assessment tools and concepts a plus
 

Industry

Hedge Fund/Private Equity

Term

Permanent

Base Salary

$100-140K

Bonus Eligible

Yes

Location

Los Angeles, CA


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