Associate/ Senior Associate - Operational Risk
Neuberger's Operational Risk and Resilience team is seeking a Senior Associate, Operational Risk professional to support the global Operational Risk program, consisting of identification and management of operational risk events and issues, maintenance of the operational risk framework and related governance processes, and collaboration with business, risk, support, and control functions globally to develop solutions to improve processes and strengthen the control environment. This hands-on position requires the ability to challenge and coordinate front-to-back business management, and collaborate with risk, support, and control colleagues across the global firm. This role requires regular engagement with fund boards, oversight committees, and senior management as well as responding to requests from various regulators.The role will be a key liaison across local and global business functions on operational risk matters and be responsible for the execution of operational risk and resilience frameworks in accordance with best practices and regulatory requirements.This is a unique opportunity to support a broad range of businesses (Institutional Equity and Fixed Income, Private Markets, Private Wealth) at a global asset manager and cover a range of risk disciplines, all of which are interconnected and allow for holistic risk oversight.Responsibilities:Ongoing management, maintenance, and embedding of the operational risk framework, covering all existing and new products, strategies, and related governance processesIdentify and investigate operational risk events, ensuring root cause analysis and control assessments are undertakenIdentify patterns and trends in events to undertake root cause analysisTrack external loss events and undertake “could it happen here” event analysisUndertake “deep dive” reviews on significant and complex events to provide ongoing recommendations to enhance the control environment while keeping senior leaders updated on the progressIdentify process/control weaknesses and raise issues and associated actions as required. This will involve notifying responsible owners from business and support teams and providing adequate oversight to ensure the issue is managed to completionConduct and maintain risk and control self-assessments (RCSAs) across the business and support operating unitsAdministration and support of the group wide operational risk tools in particularSupport the Senior Operational Risk Manager in the implementation of changes in various systemsSupport training of employees across the firm on use of the operational risk databaseUndertake risk assessments of new third-party services as part of our Third-Party Risk Management framework and oversee the business due diligence processInteract and coordinate with Portfolio Managers, Legal & Compliance, Operations, Technology, Client Coverage, and Firm Leadership on a regular basis; maintain a high degree of visibility within the organizationProduce...