Operational Risk Associate Manager

Job Description

Onyx Staffing is working with Russell Investments on this role.

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 in operational risk, or internal/external audit.
• Experience in Financial Services/Investment Management desired but not required.

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.