Associate Manager, Operational Risk

Russell Investments; Seattle (WA); On-site; USD 90,000 - 115,000; Full time

Benefits offered by this job

Annual performance bonus

Comprehensive benefits programs including healthcare and retirement

Vacation and wellbeing programs

Job summary

Russell Investments is seeking a dynamic Associate Manager, Operational Risk to join our team in Seattle. This role requires strong project management capabilities and operational risk expertise to enhance our risk management practices.

The ideal candidate will have a Bachelor’s degree, 5-8 years of relevant experience, and the ability to manage complex projects while communicating effectively across all organization levels.

We offer a competitive salary range of $90,000 to $115,000, an annual performance bonus, and a comprehensive benefits package.

Qualifications

• 5-8 years of experience with exposure to operational risk and/or internal/external audit.
• Experience in financial services or asset management preferred.

Responsibilities

• Conduct and facilitate operational risk activities including risk assessments and control documentation.
• Lead and coordinate cross-functional projects to deliver risk initiatives.
• Develop and maintain project plans with tracking and reporting.
• Produce accurate operational risk reports for stakeholders.
• Facilitate SOC1 audit engagement and oversight.
• Support company insurance program and recommend changes as needed.

Skills

Project management

Risk management

Excellent communication

Analytical mindset

Education

Bachelor’s degree in Business Management, Finance, Accounting, or related discipline

Tools

GRC platforms (e.g., MetricStream)

Job description

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 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 with exposure to operational risk and/or internal/external audit.
• Financial services or asset management experience preferred but not necessary.

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 judgment.
• 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.

Employment-Based Immigration Sponsorship

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.