Head of Enterprise Risk

Cambridge Associates; Boston (MA); On-site; USD 177,300 - 241,100; Full time

Benefits offered by this job

Annual performance-based bonus

Comprehensive benefits package

Job summary

A leading global investment firm is seeking a Head of Enterprise Risk in Boston. This role involves leading a team to manage risks while ensuring successful implementation of investment strategies. Candidates must possess over 15 years of experience in risk management and a deep understanding of the investment management industry. A comprehensive benefits package and a performance-based bonus are included in the compensation.

Qualifications

• Minimum of 15 years' risk experience required.
• Deep technical understanding of risk management frameworks.
• Proven ability to implement Enterprise Risk Management frameworks.

Responsibilities

• Lead the Enterprise Risk Management team and set strategic direction.
• Provide quarterly Enterprise Risk Reports to Management.
• Ensure execution of risk mitigation strategies.

Skills

Leadership skills

Risk management methodologies

Strategic thinking

Communication skills

People management

Education

15 years of risk experience in investment management

Tools

Governance, Risk and Compliance (GRC) tool

Job description

Join to apply for the Head of Enterprise Risk role at Cambridge Associates.

Cambridge Associates (CA) is a leading global investment firm, providing investment management services across North America, the United Kingdom, Europe, Asia, and Oceania. CA’s goal is to help endowments & foundations, pension plans, and ultra‑high net worth private clients implement and manage custom investment portfolios that generate outperformance, maximizing their impact on the world.

Job Description Summary

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.

Current Opportunity

We are currently seeking a Head of Enterprise Risk to lead our risk management function globally. The Head of Enterprise Risk is responsible for executing on and maintaining CA’s risk management framework. The role requires highly developed leadership, collaboration, and business skills. Working in partnership with the Chief Compliance Officer and our business‑line risk professionals, the 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, in alignment with the firm’s Management. The Head of Enterprise Risk reports to the Chief Legal Officer and to the audit and Risk Committee of the Board of Managers.

Responsibilities

• Setting the direction and the pace for the implementation of processes and practices across CA in alignment with Management and regulatory and Board expectations, while promoting a risk culture that enables the business to accomplish both strategic and tactical goals in an environment where risks are mitigated and monitored.
• Leading the Enterprise Risk Management 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.
• Providing quarterly Enterprise Risk Reports to Management and to the Audit and Risk Committee, inclusive of any critical findings, with targeted, actionable recommendations.
• Serving as a lead member of the Enterprise Risk and Compliance Committee, our global risk committee, with responsibility for recommending remediations, directing further assessment of functions or process assessments, and escalating significant risks to Management for resolution.
• Serving as the firm’s second line of defense alongside the Chief Compliance Officer, with ownership for identifying, escalating, and resolving enterprise risks. Ensuring that business units are accountable for timely risk reporting, mitigation, and monitoring and ensuring all incidents and control failures are reported and on track for remediation.
• Engaging with first‑line risk colleagues to identify and mitigate risks that may impinge upon our regulatory status, competitive position or our strategic objectives.
• Ensuring the execution of risk mitigation strategies across all client‑facing and support functions, holding business leaders accountable for implementing required controls and corrective actions.
• Ensuring the effective execution of regional risk frameworks and respective risk committees, including reporting and issue resolution.
• Owning the deployment and optimization of the firm’s GRC (Governance, Risk and Compliance) tool to establish proactive, real‑time visibility, monitoring and assessment of risks across all aspects of our business.
• Owning and executing the Enterprise Risk Plan, ensuring that resources are deployed strategically and that priorities align with the top risk areas as identified through business area risk workshops and risk assessments.
• Leading the governance and evolution of the firm’s Risk Taxonomy, driving a common risk language and a shared understanding of both ongoing and emerging risks.
• Directing the maintenance and continuous improvement of the Global Risk Policy, as well as any required jurisdictional risk policies, and processes, enforcing timely updates and compliance with regulatory requirements.
• Leading the development and implementation of risk appetite measures, Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) to ensure business unit objectives are measured objectively and aligned with industry standards.

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.
• Proven ability to effectively implement Enterprise Risk Management frameworks and risk governance strategies.
• 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.
• Strong executive presence with the ability to communicate clearly and persuasively with Management, senior leadership and our Board of Managers.
• 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.

All applications must include a resume and cover letter.

Compensation

Base salary range: $177,300 – $241,100. In addition to the listed salary range, this position is eligible for an annual performance‑based bonus and a comprehensive benefits package. Placement within the range will be based on skills, experience, and qualifications.

Equal Employment Opportunity

The firm is committed to the concept and practice of equal employment opportunity and will not discriminate against any employee or applicant on the basis of race, color, religion, age, sex, national origin, sexual orientation, gender identity, disability, or veteran status. It is expected that all employees will follow a similar policy toward their co‑workers.