Global Head of Enterprise Risk

Global Head of Enterprise Risk

Position Overview

Cambridge Associates (CA) has been at the forefront of innovative investment portfolio strategies for over 40 years. Headquartered in Boston and with offices across the world, CA provides investment management services to clients around the globe. We are currently seeking a Head of Enterprise Risk to lead our risk management function globally. The Global Head of Enterprise Risk sets the strategic risk management vision or CA, leading a team of senior risk professionals to deliver on that strategy, using highly developed leadership, collaboration, and business skills. Working in partnership with the Chief Compliance Officer, the Global Head of Enterprise Risk works to assure that both internal and external risks to CA are identified, mitigated, and monitored, creating an environment of trust with our clients and our colleagues. At CA, Enterprise Risk provides valuable and influential risk insight and measurements to support strategy, governance, and operations. The Global Head of Enterprise Risk reports to the Audit Committee of the Board and provides objective assessments of risks to the Management Group and to business leaders across the firm.

Duties and Responsibilities

· Set the direction and the pace for the implementation of risk management framework, processes and practices across CA, promoting a risk culture that enables the business to accomplish both strategic and tactical goals in an environment where risks are mitigated and monitored

· Lead and manage the Enterprise Risk team to provide proactive risk advisory and assessment services, including delivery assurance focused on top strategic initiatives, to address risk issues that could potentially impact the firm’s strategic direction and/or operational effectiveness

· Provide quarterly Enterprise Risk Reports to the firm and to the Audit Committee of the Board, encompassing KRIs, emerging risk areas, mitigation status, and other key dimensions of CA’s risk profile

· Serve as a member of the Enterprise Risk and Compliance Committee, our global risk committee, with the responsibility for recommending remediation, further assessment of functions/process areas, and escalation of risks to the Management Group for resolution and/or further discussion.

· Partner with the Chief Compliance Officer (CCO) as the second line of defense, to identify and escalate risks as appropriate, and to guide the business to report, mitigate and monitor risks, and to report issues, risk events and errors in accordance with firm procedures

· Align with our business to identify and optimize risks that could enhance our competitive business advantage, and to develop mitigation strategies to address risks that could impact our strategy and our ability to function in compliance with regulations

· Partner with business leaders across our client facing business units and our support functions to drive change through the implementation of risk mitigation strategies

· Serve as a member of regional and functional risk committees (UK, Germany, Asia, Cyber, Data Management, etc.) providing an enterprise risk perspective and linkage to the ERCC controls

· Drive the implementation of our GRC (Governance, Risk and Compliance) tool in support of proactive risk management and ongoing visibility, monitoring and assessment of risks across all aspects of our business

· Manage the Enterprise Risk Plan, assuring that resources are deployed accordingly and that the plan aligns with the top risk areas as identified through business area risk workshops and risk assessments

· Maintain the Risk Taxonomy for the firm, driving a common risk language and a common understanding of both ongoing and emerging risks accordingly

· Maintain the Global Risk Policy, as well as any required jurisdictional risk policies, and processes, assuring that updates are made as needed and in a timely manner

· Provide subject matter expertise and manage the development and implementation of risk appetite measures, Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) to effectively measure business unit objectives

• Collaborate with Compliance, Internal Audit and Error Reporting functions to mature the risk culture at CA and to identify risks to our clients, our firm strategy and to our colleagues, recommending mitigations that are actionable and measurable

Qualifications

· Minimum of 15 years’ risk experience required, with experience leading the Enterprise Risk function of an Investment Management firm

· Deep technical understanding of risk management methodologies and maturity models, including COSO ERM framework

· Demonstrated, proven, and practical knowledge of managing KRI and KPI metrics and board level risk reporting

· Broad-based operational perspective and understanding of the processes and controls of an investment management firm

· Experienced people manager, with a focus on staff development, coaching, timely performance assessments, and managing a relationship management model aligned with internal business partners

· Deep understanding of global investment management regulatory environment

· Highly developed written and verbal communication skills, with experience with board level presentations, capable of adapting messaging to various audiences clearly and succinctly

· Ability to interact with and build relationships with colleagues at all levels of the organization, focusing on collaboration to achieve results in support of firm strategy and goals

· Bachelor’s degree required, advanced degree desirable

All applications must include a resume and cover letter.

Cambridge Associates is an equal opportunity employer. Diversity, equity and inclusion are essential elements of our culture. We are committed to fostering an environment where individual perspectives, backgrounds, and life experiences make the firm a great place to work and result in a more satisfying client experience.