Senior Associate, Operational Risk
Apply NowCompany: Cambridge Associates
Location: Boston, MA 02115
Description:
About the Firm:
We are a leading global investment firm and aim to help endowments & foundations, pension plans, and high net worth private clients implement and manage custom investment portfolios that generate outperformance and enable them to maximize their impact on the world. Working alongside its early clients, Cambridge Associates pioneered the strategy of high-equity orientation and broad diversification, which since its inception in the 1980s has been a primary driver of performance for institutional investors. Today, we deliver a range of portfolio management services, including outsourced CIO, non-discretionary portfolio management, investment staff extension, and asset class mandates. Cambridge Associates maintains offices in major financial centers across the globe, with headquarters in Boston, MA.
Working with some of the world's most sophisticated institutional investors, we bring a deep knowledge of portfolio management best practices to the clients we serve and select our colleagues with great attention to their potential to become a valuable member of a collaborative, intelligent and hard-working team.
About the Team:
At Cambridge Associates, we are committed to fostering a robust control environment that supports our mission of delivering exceptional investment solutions to our clients. As a Senior Associate in Operational Risk and Control (within the First Line), you will play a critical role in strengthening our risk & control framework, driving operational excellence process improvement identification, and partnering across the Chief Operating Officer's organization to identify and mitigate risks. This role is ideal for a curious, solutions-oriented professional who thrives in a collaborative environment and is passionate about making a meaningful impact.
As the Senior Associate, Operational Risk and Control, you will assume a pivotal role in identifying, evaluating, and mitigating operational risks within our middle and back-office operations. Working in tandem with stakeholders across our global organization, your responsibilities will encompass documenting critical processes, risks, and controls, as well as crafting process flow diagrams, risk and control matrices, and associated procedural documentation. Furthermore, you will collaborate closely with our counterparts in the second and third lines of defense, alongside our external auditors, to facilitate the gathering and organization of audit-related inquiries. The Senior Associate, Operational Risk and Control will report to the Associate Director, Operational Risk and Control.
What You'll Do:
What You Bring:
Equal Opportunity Employment:
The firm is committed to the concept and practice of equal employment opportunity and will not discriminate against any employee or applicant on the basis of race, color, religion, age, sex, national origin, sexual orientation, gender identity, disability, or veteran status. It is expected that all employees will follow a similar policy toward their co-workers
We are a leading global investment firm and aim to help endowments & foundations, pension plans, and high net worth private clients implement and manage custom investment portfolios that generate outperformance and enable them to maximize their impact on the world. Working alongside its early clients, Cambridge Associates pioneered the strategy of high-equity orientation and broad diversification, which since its inception in the 1980s has been a primary driver of performance for institutional investors. Today, we deliver a range of portfolio management services, including outsourced CIO, non-discretionary portfolio management, investment staff extension, and asset class mandates. Cambridge Associates maintains offices in major financial centers across the globe, with headquarters in Boston, MA.
Working with some of the world's most sophisticated institutional investors, we bring a deep knowledge of portfolio management best practices to the clients we serve and select our colleagues with great attention to their potential to become a valuable member of a collaborative, intelligent and hard-working team.
About the Team:
At Cambridge Associates, we are committed to fostering a robust control environment that supports our mission of delivering exceptional investment solutions to our clients. As a Senior Associate in Operational Risk and Control (within the First Line), you will play a critical role in strengthening our risk & control framework, driving operational excellence process improvement identification, and partnering across the Chief Operating Officer's organization to identify and mitigate risks. This role is ideal for a curious, solutions-oriented professional who thrives in a collaborative environment and is passionate about making a meaningful impact.
As the Senior Associate, Operational Risk and Control, you will assume a pivotal role in identifying, evaluating, and mitigating operational risks within our middle and back-office operations. Working in tandem with stakeholders across our global organization, your responsibilities will encompass documenting critical processes, risks, and controls, as well as crafting process flow diagrams, risk and control matrices, and associated procedural documentation. Furthermore, you will collaborate closely with our counterparts in the second and third lines of defense, alongside our external auditors, to facilitate the gathering and organization of audit-related inquiries. The Senior Associate, Operational Risk and Control will report to the Associate Director, Operational Risk and Control.
What You'll Do:
- Risk Identification, Documentation, and Assessment: Identify and assess operational risks associated with the firm's activities, processes, controls and systems. As required, conduct risk assessments to evaluate the likelihood and potential impact of identified risks.
- Document Development: Assist in the development and maintenance of operational process, risk and control documentation, such as: Risk and Control Matrices, Process Flow Diagrams, and supporting policies, procedures, and guidelines in accordance with firm standards.
- Problem Solving & Risk Mitigation: Investigate and analyze operational documentation and/or data sets, document key processes to proactively identify and document potential risk and control gaps and inform decision making.
- Control Assurance: Conduct reviews and evaluations of existing controls to ensure operating effectiveness and efficiency, in accordance with firm guidance and applicable methodologies. Act as a liaison between our business owners and auditors; ensuring timely delivery of required documentation; and as required, raise potential audit matters to the Head of Operational Risk.
What You Bring:
- Minimum of 2-4 years' of experience with an emphasis on business process control, process re-engineering, first-line risk, internal controls, audit, or related fields, within financial services or the asset management industry.
- Bachelor degree in in accounting, finance, or related discipline.
- A high-level of intellectual curiosity, desire to problem solve in a collaborative manner, and willingness to learn and breakdown complex processes are a must.
- Excellent analytical skills with the ability to identify, assess, and communicate potential risks effectively.
- A willingness to learn certain audit requirements and industry best practices related to operational risk management, and controls and process design.
- Ability to collaborate effectively with cross-functional teams.
- Detail-oriented with a commitment to maintaining high standards of quality and integrity, across 2-3 project workstreams at any given time.
- Proficient understanding of Microsoft Office, inclusive of Visio.
- Occasional travel for periods of up to one week, maybe required (
- Candidate maybe based out of our Boston, MA offices.
Equal Opportunity Employment:
The firm is committed to the concept and practice of equal employment opportunity and will not discriminate against any employee or applicant on the basis of race, color, religion, age, sex, national origin, sexual orientation, gender identity, disability, or veteran status. It is expected that all employees will follow a similar policy toward their co-workers