Risk Operations 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

A leading global alternative investment firm is seeking a Manager of Risk Processes & Controls to support the investment platform.

This role will own critical fund-control processes, audit coordination, vendor oversight, business continuity, and fund lifecycle activities. Working within priorities established by senior leadership, the Manager will independently lead workstreams from planning through completion and collaborate with stakeholders across finance, legal, compliance, operations, and external service providers.

The ideal candidate is an experienced, highly organized professional who exercises sound judgment, drives issues to resolution, and continually looks for ways to strengthen the operational control environment.

Key Responsibilities

Audit Coordination & Compliance

• Manage fund-specific audit and review cycles from planning through completion, including control reports, agreed-upon procedures, asset verification, operational reviews, and annual financial statement audits.
• Serve as the primary coordinator for internal stakeholders, external auditors, and service providers.
• Own the annual and ongoing review of relevant policies, procedures, and control documentation.
• Track audit requests, findings, remediation items, and supporting documentation to ensure timely resolution.

Fund Lifecycle & Governance

• Coordinate new fund and investment-strategy launches in partnership with finance, legal, compliance, operations, and other stakeholders.
• Manage operational activities associated with fund restructurings, transitions, and wind-downs.
• Maintain fund governance records and monitor ongoing operational obligations for fund entities.
• Develop and maintain workflow diagrams and process maps to improve transparency, efficiency, and cross-functional collaboration.

Custody, Controls & Process Improvement

• Oversee custody-related operational processes, including electronic asset-document storage and asset-verification requirements.
• Ensure assets subject to custody controls and audits are appropriately documented and accounted for.
• Lead targeted control-remediation and data-cleanup initiatives.
• Establish and manage cross-functional working groups to resolve issues and deliver agreed outcomes on schedule.
• Identify opportunities to streamline workflows, improve control execution, and reduce operational risk.

Business Continuity

• Manage the organization’s business continuity and disaster recovery program for the relevant investment platform.
• Coordinate annual testing, documentation, stakeholder participation, and post-test remediation.
• Track identified gaps and ensure corrective actions are completed and appropriately documented.

Vendor & Outsourced Partner Management

• Manage day-to-day relationships with fund administrators, custodians, outsourced service providers, and other operational partners.
• Coordinate new-business allocations, monitor service issues, and manage escalations through resolution.
• Own the vendor scorecard and performance-review process.
• Support requests for proposals, due diligence, and strategic vendor-selection initiatives.
• Oversee invoice review and approval workflows for relevant service providers.

Special Projects & Strategic Initiatives

• Partner with senior leadership on operational and strategic initiatives across the Special Situations platform.
• Support projects from initial scoping and planning through execution, implementation, and closeout.
• Serve as a flexible and dependable resource as business needs and priorities evolve.

Qualifications

• At least six years of experience in operations, risk, controls, fund administration, or a related function within alternative investment management or financial services.
• Demonstrated 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 beginning to end.
• Familiarity with SOC 1 reports, agreed-upon procedures, financial statement audits, or similar control frameworks is strongly preferred.
• Strong written and verbal communication skills, with the ability to work effectively across functions and engage credibly with external counterparties.
• Sound judgment, including the ability to resolve issues independently and recognize when escalation is appropriate.
• Excellent organizational skills, attention to detail, and consistent follow-through.
• Proactive approach to identifying process gaps, control weaknesses, and improvement opportunities.
• Proficiency with Microsoft Office.
• Experience with workflow, reporting, or process-mapping tools is a plus.
• Vendor management and request-for-proposal experience is preferred.

Education

• Bachelor’s degree required; a degree in finance, business, economics, accounting, or a related discipline is preferred.
• CPA, CFA, or a comparable professional qualification is a plus.