Risk Operations & Controls Manager

Private Equity; Boston (MA); On-site; USD 120,000 - 190,000; Full time

Job summary

Private Equity, a leading global alternative investment firm, seeks a Manager of Risk Processes & Controls to oversee fund-control processes, audits, vendor oversight, and business continuity for the investment platform.

The role requires coordinating multi-stakeholder initiatives across finance, legal, compliance, and operations, driving issues to resolution, and strengthening the control environment. A strong track record in risk and controls within asset management is essential.

Qualifications

• At least six years of experience in operations, risk, controls, fund administration, or a related function within alternative investment management or financial services.
• Ability to independently manage complex, multi-workstream processes with limited day-to-day supervision.
• Strong understanding of fund operations, custody processes, and operational controls in an alternative asset management environment.
• Experience managing audit or assurance processes from start to finish.
• Familiarity with SOC 1 reports, agreed-upon procedures, financial statement audits, or similar control frameworks.
• Excellent written and verbal communication across functions and with external counterparties.
• Sound judgment with escalation when appropriate.
• Proven organizational skills and meticulous follow-through.
• Proactive in identifying process gaps and improvement opportunities.
• Proficient with Microsoft Office; experience with workflow or process-mapping tools is a plus.

Responsibilities

• Coordinate fund-specific audit and review cycles from planning through completion, including control reports and financial statement audits.
• Serve as primary coordinator for internal stakeholders, external auditors, and service providers.
• Review policies, procedures, and control documentation on an annual and ongoing basis.
• Track audit requests, findings, remediation items, and supporting docs for timely resolution.
• Coordinate new fund and investment-strategy launches with cross-functional teams.
• Manage operational activities related to fund restructurings, transitions, and wind-downs.
• Maintain fund governance records and monitor ongoing obligations for fund entities.
• Develop workflow diagrams to improve transparency and cross-functional collaboration.
• Oversee custody-related processes and asset-documentation for audits.
• Lead control-remediation and data-cleanup initiatives.
• Establish cross-functional working groups to resolve issues on schedule.
• Identify opportunities to streamline workflows and reduce operational risk.
• Manage business continuity and disaster recovery programs for the platform.
• Coordinate annual testing, stakeholder participation, and post-test remediation.
• Track gaps and ensure corrective actions are completed and documented.
• Oversee relationships with fund administrators, custodians, and outsourced service providers.
• Coordinate vendor evaluations, RFPs, due diligence, and vendor-selection initiatives.
• Oversee invoice review and approval workflows for service providers.
• Support Special Situations platform projects from scoping to closeout.

Skills

Risk management

Vendor management

Project management

Communication

Microsoft Office

Education

Bachelor’s degree in finance/business/economics/accounting

CPA or CFA preferred

Tools

Workflow tools

Process mapping software

Job description

Private Equity, a leading global alternative investment firm, seeks a Manager of Risk Processes & Controls to oversee fund-control processes, audits, vendor oversight, and business continuity for the investment platform.

The role requires coordinating multi-stakeholder initiatives across finance, legal, compliance, and operations, driving issues to resolution, and strengthening the control environment. A strong track record in risk and controls within asset management is essential.