What are the responsibilities and job description for the Operational Risk Manager position at Ameriprise Financial Services, LLC?
About Our Company
We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Job Description
Provide operational risk management by guiding the Supervision Team in developing and ensuring critical risk controls and overseeing day to day risk activities for departmental business processes. Support business partners and oversee process reviews to identify risks and develop appropriate solutions while ensuring adherence to regulatory and supervisory requirements. Serve as the escalation contact and risk liaison to support clear information exchange and to drive timely execution of risk mitigation recommendations and actions.
Key Responsibilities
Facilitate alignment, resolve escalated issues and provide a point of contact for business and external senior leaders for department business processes. Identify opportunities and recommend solutions to mitigate current and future business risk. Provide expertise to other areas for enhancement and implementation of Self –Monitoring plans.
Ensure regulatory and supervisory controls are in place for products and processes by acting as a point of contact for business partners. Direct and guide initiatives by validating applicable SEC or FINRA rules to business processes and enhancing processes or documentation as necessary.
Review reports illustrating risk parameters and metrics associated with business lines. Develop and enhance risk measurement policies, procedures and metrics. Enhance risk reporting with new ideas gathered from research, best practices, and knowledge. Initiate and/or conduct Risk Assessments across business.
Facilitates Compliance Manual Procedure and WSP changes and partners with the Business to execute the communication plan.
Required Qualifications
Education: Bachelors degree or equivalent.
Experience: 3-5 years of relevant experience.
Strong analytical, organizational, and time management skills.
Strong ability to lead, partner, and influence across all leadership levels.
Excellent written and verbal communication skills.
Ability to drive results and meet deadlines to reduce risks.
Must be able to work indpendently.
Demonstrated people leadership experience, either through direct leadership or coaching/mentoring roles.
Preferred Qualifications
Series 7 & Series 24 (or ability to obtain within 120 days)
Visa Sponsorship
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).
In-Office Collaboration
We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.
Base Pay Salary
The estimated base salary for this role is $87,400- $120,200/ year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Business Support & Operations
Line of Business
AWMBD Advice and Wealth Mgmt and Business Development
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.
We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.
We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Job Description
Provide operational risk management by guiding the Supervision Team in developing and ensuring critical risk controls and overseeing day to day risk activities for departmental business processes. Support business partners and oversee process reviews to identify risks and develop appropriate solutions while ensuring adherence to regulatory and supervisory requirements. Serve as the escalation contact and risk liaison to support clear information exchange and to drive timely execution of risk mitigation recommendations and actions.
Key Responsibilities
Facilitate alignment, resolve escalated issues and provide a point of contact for business and external senior leaders for department business processes. Identify opportunities and recommend solutions to mitigate current and future business risk. Provide expertise to other areas for enhancement and implementation of Self –Monitoring plans.
Ensure regulatory and supervisory controls are in place for products and processes by acting as a point of contact for business partners. Direct and guide initiatives by validating applicable SEC or FINRA rules to business processes and enhancing processes or documentation as necessary.
Review reports illustrating risk parameters and metrics associated with business lines. Develop and enhance risk measurement policies, procedures and metrics. Enhance risk reporting with new ideas gathered from research, best practices, and knowledge. Initiate and/or conduct Risk Assessments across business.
Facilitates Compliance Manual Procedure and WSP changes and partners with the Business to execute the communication plan.
Required Qualifications
Education: Bachelors degree or equivalent.
Experience: 3-5 years of relevant experience.
Strong analytical, organizational, and time management skills.
Strong ability to lead, partner, and influence across all leadership levels.
Excellent written and verbal communication skills.
Ability to drive results and meet deadlines to reduce risks.
Must be able to work indpendently.
Demonstrated people leadership experience, either through direct leadership or coaching/mentoring roles.
Preferred Qualifications
Series 7 & Series 24 (or ability to obtain within 120 days)
Visa Sponsorship
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).
In-Office Collaboration
We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.
Base Pay Salary
The estimated base salary for this role is $87,400- $120,200/ year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Business Support & Operations
Line of Business
AWMBD Advice and Wealth Mgmt and Business Development
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.
We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.
Salary : $87,400 - $120,200