Overview
Provide Operational Risk support to the Investments Office teams by being a member of the 2nd line Operational Risk team to ensure appropriate risk policies, procedures and supporting systems are in place to monitor and manage risk. Engage in proactive monitoring and independent challenge, serving as a liaison with senior stakeholders and their teams. Offer valuable advice to the business and aid in the implementation of Operational Risk frameworks within your area of responsibility.
Responsibilities
- Provide robust challenge and perform oversight of the management of risk by first line investment teams, conducting spotlight reviews, risk identification and assessment workshops and delivering second line opinion on effectiveness of controls, risk culture and first line framework.
- Work closely with Senior Operational Risk Manager to produce insightful risk reporting for management, regulator, auditor and client audiences as required.
- Contribute to the constant development of the framework, processes and systems for identifying, controlling and reviewing key operational risks and control deficiencies, explain framework concepts clearly and concisely to ensure appropriate action is taken by the first line.
- Develop a knowledge of the front office business areas with which partnered, be curious, thereby ensuring awareness of upcoming business change and product developments.
- Represent Operational Risk function in meetings around the business and attend more formal committees as directed.
- Through strong engagement, relationship building, education and training with key stakeholders across the business develop an improved understanding of the roles and responsibilities applying to a ‘three lines of defense’ model. Maintain an open and effective dialogue with all stakeholders, proactively suggesting ways in which the business can further take responsibility for and mitigate its risk profile.
- Personally maintain a good knowledge of Group policy and operational risk requirements, keeping abreast of changes and developments including those externally, discussing relevant topics in an informed manner and acting as a subject matter expert on behalf of the team.
- Collaborate closely with colleagues across the second line as directed to ensure that operational risk implications of emerging regulatory and market developments are assessed and appropriately actioned and that LGIM is aligned with industry best practice, working with business stakeholders to oversee the embedding of changes and updates to controls and frameworks as required.
- Champion the use of the internal risk database and other systems as required, to manage operational risk activity and oversee the deployment of risk tools through interaction into the business itself. Ensure that there is appropriate quality of data related to the Global Investment Office activities.
Qualifications
- Good knowledge of the international asset management industry including investor types, front office workflows, familiarity with the PM/Trader activities, and a technical knowledge of operational risk management, risk frameworks, non-financial risk events, metrics and systems.
- Good verbal and written communication skills, including the ability to fully participate and successfully influence where business senior stakeholders are present and to write detailed, clear and well received reports for a variety of audiences.
- Good presentation skills including the ability to articulate and convey theoretical concepts such as risk appetite to varying audiences in a clear and compelling manner.
- Proven history of successful engagement, relationship development and partnership with business stakeholders.
- Ability to remain independent and to demonstrate that independence whilst also listening to business stakeholder challenges, providing commercial, practical and value-add solutions for the business, influencing outcomes positively for all stakeholders.
- Experience in operational risk management roles and RCSA programs, preferably within the asset management/financial services industry.
- Experience in other relevant areas, such as Operations or within Fund administration or Depository businesses may also be considered given the nature of our business
Salary Range
$105,000 - $130,000
The starting salary offer will vary based on multiple factors, including but not limited to the applicant’s education, job-related experience, skills, and abilities, geographic location, and market factors. This position is also eligible to participate in the company’s annual discretionary bonus plan. Full time employees may be eligible for health insurance with an optional HSA, short term disability, long term disability, dental insurance, vision care, life insurance, Healthcare, Dependent and Limited Care Flexible Spending Accounts, 401K, vacation, sick time, an employee assistance program, and commuter and transit programs. Additional voluntary programs include: supplemental health benefits including accidental injury, critical illness and hospital indemnity insurance and pet insurance.
EOE Statement
As an EOE employer, Legal & General Investment Management America will extend equal opportunity to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, ancestry, national origin, age, disability, medical condition, genetic information, marital status, pregnancy, military status, and/or any other characteristic protected under applicable federal, state or local laws governing nondiscrimination in employment. (2024)
