Risk and Controls Manager

Risk and Controls Manager

Location: New York, NY

Compensation: $150,000-$185,000 Base + Bonus

A leading global hedge fund is seeking a Risk and Controls Manager to join its growing Risk Management organization in New York City. This is a high-visibility opportunity to play a key role in enhancing and scaling the firm's Enterprise Risk Management (ERM) framework.

The successful candidate will partner closely with senior leadership and cross-functional business stakeholders to strengthen the firm's operational risk governance, drive risk assessment initiatives, and implement proactive risk mitigation strategies. This individual will help establish best-in-class risk management practices, enhance reporting and analytics capabilities, and contribute to the development of a strong risk culture across the organization.

This role is ideal for a risk professional with deep experience in Operational Risk or Enterprise Risk Management within financial services who enjoys building frameworks, solving complex problems, and influencing business decisions through strategic risk insights.

Responsibilities

• Support the continued development and enhancement of the firm's enterprise-wide operational risk management framework, policies, and methodologies.
• Conduct risk and control assessments across business lines to identify emerging risks, control weaknesses, and opportunities for improvement.
• Partner with business leaders, control functions, and senior management to evaluate risk exposures and develop practical remediation plans.
• Monitor the progress of risk mitigation initiatives and ensure timely resolution of identified issues.
• Perform control testing and effectiveness reviews, identifying control gaps and recommending enhancements where necessary.
• Assist in the implementation and maintenance of risk governance processes, including risk taxonomy, risk appetite metrics, and key risk indicators (KRIs).
• Develop and maintain operational risk dashboards, reports, and management information to provide meaningful risk insights to key stakeholders.
• Analyze operational risk events, incidents, and near misses to identify trends and inform preventative measures.
• Prepare presentations and reporting materials for senior management, risk committees, and executive stakeholders.
• Contribute to the ongoing enhancement of risk management tools, processes, and technology solutions supporting the ERM program.
• Promote a strong risk-aware culture by providing guidance and education to business teams on operational risk best practices.

Requirements

• 6+ years of experience in Operational Risk Management, Enterprise Risk Management, Internal Controls, or a related risk discipline within the financial services industry.
• Experience designing, implementing, or enhancing enterprise-wide risk management frameworks and governance programs.
• Strong understanding of operational risk concepts, risk assessment methodologies, control frameworks, and risk reporting practices.
• Proven ability to partner effectively with senior stakeholders and influence decision-making across multiple business functions.
• Prior management or team leadership experience with demonstrated ability to mentor and develop talent.
• Experience developing risk dashboards, key risk indicators (KRIs), metrics, and executive-level reporting.
• Strong analytical and problem-solving skills, with the ability to evaluate complex issues and recommend practical solutions.
• Excellent verbal and written communication skills, including experience presenting to senior leadership and governance committees.
• Advanced proficiency in Excel, PowerPoint, and risk reporting tools; experience with data visualization platforms such as Power BI or Tableau is a plus.
• Bachelor's degree in Finance, Economics, Business Administration, Risk Management, or a related field. Advanced degree or relevant certifications (FRM, CRM, PRM, CPA, CIA) are preferred.

Preferred Background

• Experience within a hedge fund, asset management firm, investment bank, or other sophisticated financial institution.