Associate Manager, Operational Risk

Every day, we seek to improve financial security for people.  

As part of our continued efforts to enhance risk management practices, we are seeking a dynamic and detail-oriented Associate Manager, Operational Risk with robust project management capabilities to join our Operational Risk Management team. 

As a member of the Operational Risk team, you’ll be part of a collaborative and purpose-driven group that values integrity, innovation, and impact. This role blends core risk management responsibilities with hands-on project leadership, offering a unique opportunity to shape and strengthen our operational resilience. 

 Responsibilities 

• Conduct and facilitate operational risk activities, including risk assessments, control documentation and testing, event analysis, and remediation tracking. 

• Lead and coordinate cross-functional projects, ensuring timely delivery of risk initiatives through effective planning, execution, and stakeholder engagement. 

• Develop and maintain project plans, including scope definition, milestone tracking, and status reporting. 

• Produce timely and accurate operational risk reports for internal and external stakeholders on both scheduled and ad hoc bases. 

• Facilitate the SOC1 audit engagement and oversight as well as the quarterly bridge letter process. 

• Support the Russell Investments corporate insurance program. 

• Monitor changes to RI's business and risk profile and recommend changes to RI's global insurance program as appropriate.  

• Develop and implement risk management program policies and procedures. 

 Demonstrable skills and experiences required: 

• Bachelor’s degree in Business Management, Finance, Accounting, or a related discipline. 

• 5-8 years of experience with exposure to operational risk and/or internal/external audit.  

• Financial services or asset management experience preferred but not necessary. 

Skills & Competencies 

• Proven ability to execute and deliver high-quality results in a fast-paced environment with competing priorities and deadlines. 

• Demonstrated success managing complex, cross-functional projects end to end (initiation through delivery), ideally within a risk, audit, or compliance environment. 

• Proven effective communication skills, negotiation techniques, and the ability to influence stakeholders at all levels of the organization. 

• History of demonstrating initiative, effective prioritization, and sound judgement. 

• Highly organized with the ability to manage multiple priorities while maintaining attention to detail and strategic context 

• Excellent written and verbal communication and interpersonal skills, with the ability to influence, build consensus, and collaborate effectively across all levels of the organization. 

• Analytical mindset with strong problem-solving skills, sound judgment, and the ability to translate data and insights into clear, actionable recommendations. 

• Proactive, self-driven approach to prioritization, multitasking, and continuous improvement 

• Strong collaboration skills with the ability to work both independently and as part of a team 

• Familiarity with GRC platforms such as MetricStream is a plus.