Principal Financial Group · 4 hours ago
Director, Operational Risk Management - Asset Management
New York, NY
Full-time
Remote
Director/Executive
$137K/yr - $185K/yr
10+ years exp
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Responsibilities
Partner with senior business and functional leaders to help make risk informed decisions through the deep understanding of the business and its operations.
Provide informative analysis and interpretation of risks based on a detailed technical understanding of operational risk management, robust and relevant knowledge of the business operations, and understanding of industry trends, current best practices, and regulations.
Provide direct and measurable benefit to the business in managing and mitigate risk effectively.
Lead operational risk oversight activities for our US Fund platforms that meet regulatory and Board expectations, including sub advisor due diligent, Board Risk reporting and Fund operations risk assessments and engagements.
Take a leadership role in the business unit operational risk framework (in alignment with the enterprise program) that ensures operational risks are effectively identified, assessed, managed, and mitigated.
Review and challenge the design and efficiency of controls to manage operational risks within appetite and seek appropriate assurance to support the outcomes.
Work closely with other operational risk disciplines to provide holistic review of the business operational risk profile, risk interdependences and correlations.
Use outstanding influencing and negotiating skills to identify, assess and control emerging risks prior to material impact.
Be an effective representative and communicator of operational risk to various business Committees and Boards.
Lead internal operational risk focused working groups and Committees.
Qualification
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Required
Bachelor's degree, plus 10+ years' work experience in the investment management and funds operations required
Deep technical understanding of global investment and fund management business and risk management tools and techniques
Ability to see the big picture, a strong business focus, client orientation, and the ability to work in a fast, paced environment
Industry experience and knowledge of sophisticated concepts in risk analysis including prior experience with risk tools (risk assessments, key risk indicators, loss/event database or incident tracking, unexpected loss modeling)
Experience in translating risk assessment and analysis into recommendations and action
Proven leadership and ability to drive change
Strong interpersonal skills required
Strong ability to build teamwork and convey mission, objectives, expectations and philosophy particularly in matrix environment
Demonstrated ability to establish and maintain effective working relationships at all levels of the organization and to convey sophisticated information both orally and in writing
International travel may be required and/or will need to be available to conduct calls outside of normal business hours
Benefits
Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness.
Company
Principal Financial Group
Principal Financial Group® is dedicated to improving the wealth and well-being of people and businesses around the world—helping more than 62M customers plan, protect, invest, and retire as of December 31, 2023.
10,001+ employees
Funding
Current Stage
Late StageLeadership Team
Dan Houston
President and CEO
Liliana (Lil) Waters, CPA, FLMI
CFO – US Distribution
Recent News
2024-04-26
2024-03-13
2024-02-24
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