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Consultant- Chief Risk Officer - Operations

Remote: 
Full Remote
Contract: 
Experience: 
Senior (5-10 years)
Work from: 
New York (USA)

Offer summary

Qualifications:

Bachelor’s Degree in Finance, Economics, related field, 8+ years as Chief Risk Officer.

Key responsabilities:

  • Develop risk management strategies
  • Implement operational policies and controls
Arootah LLC logo
Arootah LLC Professional Training & Coaching Small startup https://www.arootah.com/
2 - 10 Employees
See more Arootah LLC offers

Job description

Join our experienced roster of consultants that support Hedge Funds and Family Offices. Arootah is a personal and professional development leader in the Investment and Financial Services industry. Our mission is to provide top business advisory services to our hedge fund client base. We focus our Business Consulting on the multi-faceted needs of Hedge Funds and Family Offices. Arootah was founded by Rich Bello, the Co-Founder and COO of the industry-leading $10 billion hedge fund, Blue Ridge Capital. Rich brings more than 30 years of experience, including leadership positions at Morgan Stanley, Tiger Management, and Ernst & Young.  
Visit us at https://arootah.com/hedge-fund-advisory/ for more information. 
WHO WE NEED: 
 
Arootah is searching for experienced Chief Risk Officers, Operations to consult to our highly prestigious client base.  As a consultant, you will work with our Hedge Fund and Family Office clients to provide expert advice. Having previously served in this role, you have specific, hands-on experience building, maintaining and overseeing the risk management efforts specifically focused on the daily operations and business activities of a leading Hedge Fund or Family Office.  

What You'll Do
  • Best practice reviews.  
  • Developing realistic and effective action plans. 
  • Breaking apart goals into actionable steps.  
  • Advising on vendor selection and oversight.   
  • Creating and implementing policies, procedures, and control measures.  
  • Evaluating each client’s advancement toward goal actualization through key performance indicators (KPIs) and scoring matrices.  
  • Special projects or other areas of need.   

  • Who You Are
  • Establish, implement, and oversee the Operational Risk Management activities of a Hedge Fund or Family Office including reporting Key Risk Indicators (KRIs), Third-Party Risk Assessments, conducting Risk & Control Self-Assessments (RCSAs).  
  • Implement and manage control testing, and development of action plans with tracking of follow-up items, working alongside Department Heads to put preventative measures in place and to ensure policy and procedure documentation is produced and maintained on an ongoing basis. 
  • Develop and produce risk management reports, monitoring assigned department’s risk profile and work with Founder/Principal to identify, design, document and implement appropriate controls and process maps, as required. 
  • Work in conjunction with Compliance, Legal and other departments to research, analyze and provide guidance to management teams on assorted matters such as regulatory and industry operational developments, pending legislative activities, and related matters. 
  • Analyze Access Management status, cybersecurity, and other IT risks and report to centralized technology teams to implement strategies to mitigate risk.   
  • Implement and design regular audits and examinations of assigned departments in an effort to develop a full risk matrix to proactively identify areas that need to be addressed and monitored. 
  • Review and manage the oversight of a Policies and Procedures manual as well as Quality Control and Assurance Committees to ensure that all business units continuously update their operating procedures for changing business conditions, new regulations and changing legislation to ensure consistent adherence with best practices.   
  • Devise and implement a firm-wide program for the management and oversight of vendor due diligence, third-party service providers, and other operating partners.   
  • Conduct a thorough review of all incidents, analyzing risk metrics and performance data gathered from internal sources and create measures to protect the firm by means of designing or revising workflow processes, updating policies and procedures, adding system enhancements, etc. 
  • Serve as risk management advisor in development of new or modified products and new operational processes and procedures across all business areas of the firm.   

  • Qualifications
  • A Bachelor’s Degree in a quantitative discipline such as Finance, Operations, Computer Science, Economics, Finance, or a related field with a strong academic record. 
  • MBA, similar advanced degree, Financial Risk Manager (FRM), or similar professional designation is a plus.    
  • 8+ years of relevant experience at a Hedge Fund, Family Office, or Investment Management firm serving in the role of Chief Risk Officer, Operations.   
  • Additional experience of between 3-5 years of working in Risk Management, Operations, Compliance or similar business function at an Asset Management firm, Hedge Fund, or Family Office.    
  • Extensive knowledge of the investment management industry, including Technology and Compliance with a strong understanding of financial institution regulatory requirements, especially as related to SEC rules and regulations.   
  • Ability to interact effectively with all firm personnel; strong analytical skills; strong project management and organizational skills; excellent verbal and written communication skills; strong presentation skills. 
  • Strong working knowledge of different investment vehicles, investment types, exchange rules and regulations, and settlement procedures.   
  • Ability to analyze complex situations and provide guidance, make recommendations, and/or escalate the issues appropriately. 
  • Become part of a well-funded disruptor in the finance and technology space.  
    The ability to work remotely. 
    Flexible hours and the ability to choose your assignments. 
    The hourly consulting rate of pay is expected to be a minimum of $200 and a maximum of $400, per hour. The hourly rate will be determined by several factors which may include, but are not limited to, the length of the individual engagement, level of difficulty, level of specialization required, professional designations, skills, and years of experience. 

    Required profile

    Experience

    Level of experience: Senior (5-10 years)
    Industry :
    Professional Training & Coaching
    Spoken language(s):
    English
    Check out the description to know which languages are mandatory.

    Other Skills

    • Verbal Communication Skills
    • Organizational Skills
    • Social Skills
    • Analytical Skills

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