Operational Risk – Operational Risk Manager
Company Overview
- Soros Fund Management LLC (SFM) is a global asset manager and family office founded by George Soros in 1973. With$28 billion in assets under management (AUM), SFM serves as the principal asset manager for the Open Society
- Foundations, one of the world’s largest charitable foundations dedicated to advancing justice, human rights, and
- democracy.
- Distinct from other investment platforms, SFM thrives on agility, acting decisively when conviction is high and exercising
- patience when it’s not. With permanent capital, a select group of major clients, and an unconstrained mandate, we
- invest opportunistically with a long-term view in a wide range of strategies and asset classes, including public and
- private equity and credit, fixed income, foreign exchange, and alternative assets. Our teams operate with autonomy,
- while cross-team collaboration strengthens our conviction and empowers us to capitalize on market dislocations.
- At SFM, we foster an ownership mindset, encouraging professionals to challenge the status quo, innovate, and take
- initiative. We prioritize development, enabling team members to push beyond their roles, voice bold ideas, and
- contribute to our long-term success. This culture of continuous growth and constructive debate fuels innovation and
- drives efficiencies.
Our impact is measured by both the returns we generate and the values we uphold, from environmental stewardship tosocial responsibility. Operating as a unified team across geographies and mandates, we remain committed to ourmission, ensuring a meaningful, lasting impact.
Headquartered in New York City with offices in Greenwich, Garden City, London, and Dublin, SFM employs 200professionals.
Team Overview
- The role of the Operational Risk team at SFM is to establish governance and a framework that is fit for purpose, scaled to
- SFM’s mandate and complexity, embedding rigor where it drives better outcomes. The approach is anchored in informed
- risk taking (not risk elimination), ensuring risks are clearly understood, quantified where possible, appropriately owned
- and accepted. This team sits within the organization’s broader risk function, reporting to the Chief Risk Officer.
Job Overview
- In this newly established role, we're seeking an experienced operational risk professional with 8 – 10 years of experience
- to support the Head of Operational Risk in operating and strengthening the Firm's operational risk program. This is a
- business-facing role focused on understanding how the organization works, identifying material risks, and developing
- practical, commercial risk solutions, in partnership with the business; while also owning the risk reporting that gives
- management visibility into the program, and contributing input and recommendations on the broader framework,
- documentation, and methodology as it evolves. This role will suit a candidate with a mix of first-line and second-line
- experience, giving them credibility and perspective on both sides of the table.
Major ResponsibilitiesRisk Identification & Assessment- Partner with the business to identify and assess operational risks, distinguishing
- material risks from process weaknesses, and maintain the risk register.Incident & Issue Management- Own the Firm's incident reporting process end-to-end, ensuring timely capture and
- assessment, challenging root causes, and tracking themes across the program.Risk Reviews & Process Assessments- Conduct targeted reviews of processes and controls, assessing what could go
- wrong and how risk is managed, and deliver practical, commercial recommendations to the Head of OR.Remediation & Enhancement Tracking- Oversee remediation actions, tracking ownership, target dates, and status,
- while challenging whether proposed actions address root causes.Risk Reporting- Own operational risk reporting (incidents, risk indicators, remediation status, and trends), ensuring
- it is decision-useful for management.AI Enablement in Risk Management- Identify and help implement responsible AI use within the risk program, from
- risk identification to reporting, with appropriate documentation and governance.Stakeholder Engagement- Build trusted relationships across the Firm, influence without formal authority, and
- reinforce a culture of risk awareness and transparency.Background Check Program- Support administration and oversight of the Firm's background check program,
- including coordinating checks and maintaining records.
What We ValueAnalytical & Critical Thinking- Identifies underlying causes and patterns, and distinguishes material issues from less
- significant ones.Curiosity & Investigative Mindset- Naturally inquisitive; asks thoughtful follow-up questions and digs into issues to
- understand what happened and why.Risk Identification & Risk Awareness- Understands business activities, assesses risk materiality, and translates
- stakeholder discussions into proportionate process or control improvements.Sound Judgment- Assesses the significance of issues, knows when escalation is warranted, and balances risk
- mitigation with practical business needs.Strong Communication Skills- Communicates risk matters clearly and concisely, verbally and in writing, translating
- detail into management-level reporting.Stakeholder Management & Collaboration- Builds credibility and productive relationships across groups, including
- the ability to provide constructive challenge.Data & Reporting Capabilities- Comfortable working with data and reporting tools to identify trends, develop risk
- indicators, and translate information into actionable insights.Ownership & Initiative- Self-motivated and comfortable operating with a high degree of autonomy, proactively
- identifying where further analysis or improvement is warranted.Adaptability- Comfortable working across a broad range of risk topics and taking on evolving priorities and special• projects as needed.
We anticipate the base salary of this role to be between $200,000-225,000. In addition to a base salary, the successfulcandidate will also be eligible to receive a discretionary year-end bonus.
In all respects, candidates need to reflect the following SFM core values:Smart risk-taking // Owner’s Mindset // Teamwork // Humility // Integrity