Associate Manager, Operational Risk

About this role

Salary Range: $90,000 USD - $115,000 USD Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.

Job Description: 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 highly motivated, intellectually curious, and results-oriented Associate Manager, Operational   Risk   to join our Operational Risk Management team. This role is ideal for an energetic professional who thrives in a fast-paced environment,   demonstrates   strong critical thinking skills, and brings   a high level   of ownership, intensity, and organizational discipline to complex risk and project management initiatives.  

 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 required experience:  

• 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  

Critical Thinking & Problem Solving  

• Exceptional critical thinking and analytical skills, with the ability to assess complex situations,   identify   root causes, challenge assumptions, and develop practical, risk-based solutions.   

• Demonstrated ability to synthesize   large amounts   of information, connect disparate issues, and make sound decisions in ambiguous or evolving environments.   

Energy, Drive & Intensity  

• High-energy, self-motivated   professional who   de monstrates   urgency, resilience, and a strong bias toward action and execution.   

• Proven   track record   of taking initiative, driving projects forward, overcoming obstacles, and delivering results with limited supervision.   

Organization & Execution  

• Highly organized with exceptional planning and prioritization skills; able to effectively manage multiple competing priorities without sacrificing quality or attention to detail.   

• Strong project execution capabilities, including the ability to   anticipate   challenges, proactively manage dependencies, and consistently meet deadlines.   

Leadership & Influence  

• Confident communicator who can effectively challenge the status quo, ask thoughtful questions, and influence stakeholders across varying levels of the organization.   

• Demonstrates executive presence, accountability, and ownership when leading cross-functional initiatives and driving risk management outcomes.  

The successful candidate will be intellectually curious, highly organized, and energized by solving complex busi ness problems. They will   demonstrate   strong business judgment, a proactive mindset, and the ability to balance strategic thinking with disciplined execution in a demanding environment.  

This role is not eligible for employment-based immigration sponsorship. Applicants must be legally authorized to work in the United States without employer sponsorship, now or in the future.

Equal Employment Opportunity   Russell Investments  is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation,  past or present unemployment status , or any other characteristic protected by law.

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