Operational Risk Manager

Operational Risk – Operational Risk Manager

• Company Overview
• Soros Fund Management LLC (SFM) is a global asset manager and family office founded by George Soros in 1973. With
• $28 billion in assets under management (AUM), SFM serves as the principal asset manager for the Open Society
• Foundations, one of the world’s largest charitable foundations dedicated to advancing justice, human rights, and
• democracy.

• Distinct from other investment platforms, SFM thrives on agility, acting decisively when conviction is high and exercising
• patience when it’s not. With permanent capital, a select group of major clients, and an unconstrained mandate, we
• invest opportunistically with a long-term view in a wide range of strategies and asset classes, including public and
• private equity and credit, fixed income, foreign exchange, and alternative assets. Our teams operate with autonomy,
• while cross-team collaboration strengthens our conviction and empowers us to capitalize on market dislocations.

• At SFM, we foster an ownership mindset, encouraging professionals to challenge the status quo, innovate, and take
• initiative. We prioritize development, enabling team members to push beyond their roles, voice bold ideas, and
• contribute to our long-term success. This culture of continuous growth and constructive debate fuels innovation and
• drives efficiencies.

• Our impact is measured by both the returns we generate and the values we uphold, from environmental stewardship to
• social responsibility. Operating as a unified team across geographies and mandates, we remain committed to our
• mission, ensuring a meaningful, lasting impact.

• Headquartered in New York City with offices in Greenwich, Garden City, London, and Dublin, SFM employs 200
• professionals.

• Team Overview
• The role of the Operational Risk team at SFM is to establish governance and a framework that is fit for purpose, scaled to
• SFM’s mandate and complexity, embedding rigor where it drives better outcomes. The approach is anchored in informed
• risk taking (not risk elimination), ensuring risks are clearly understood, quantified where possible, appropriately owned
• and accepted. This team sits within the organization’s broader risk function, reporting to the Chief Risk Officer.

• Job Overview
• In this newly established role, we're seeking an experienced operational risk professional with 8 – 10 years of experience
• to support the Head of Operational Risk in operating and strengthening the Firm's operational risk program. This is a
• business-facing role focused on understanding how the organization works, identifying material risks, and developing
• practical, commercial risk solutions, in partnership with the business; while also owning the risk reporting that gives
• management visibility into the program, and contributing input and recommendations on the broader framework,
• documentation, and methodology as it evolves. This role will suit a candidate with a mix of first-line and second-line
• experience, giving them credibility and perspective on both sides of the table.

• Major Responsibilities
• •Risk Identification & Assessment - Partner with the business to identify and assess operational risks, distinguishing
• material risks from process weaknesses, and maintain the risk register.
• •Incident & Issue Management - Own the Firm's incident reporting process end-to-end, ensuring timely capture and
• assessment, challenging root causes, and tracking themes across the program.
• •Risk Reviews & Process Assessments - Conduct targeted reviews of processes and controls, assessing what could go
• wrong and how risk is managed, and deliver practical, commercial recommendations to the Head of OR.
• •Remediation & Enhancement Tracking - Oversee remediation actions, tracking ownership, target dates, and status,
• while challenging whether proposed actions address root causes.
• •Risk Reporting - Own operational risk reporting (incidents, risk indicators, remediation status, and trends), ensuring
• it is decision-useful for management.
• •AI Enablement in Risk Management - Identify and help implement responsible AI use within the risk program, from
• risk identification to reporting, with appropriate documentation and governance.
• •Stakeholder Engagement - Build trusted relationships across the Firm, influence without formal authority, and
• reinforce a culture of risk awareness and transparency.
• •Background Check Program - Support administration and oversight of the Firm's background check program,
• including coordinating checks and maintaining records.

• What We Value
• •Analytical & Critical Thinking - Identifies underlying causes and patterns, and distinguishes material issues from less
• significant ones.
• •Curiosity & Investigative Mindset - Naturally inquisitive; asks thoughtful follow-up questions and digs into issues to
• understand what happened and why.
• •Risk Identification & Risk Awareness - Understands business activities, assesses risk materiality, and translates
• stakeholder discussions into proportionate process or control improvements.
• •Sound Judgment - Assesses the significance of issues, knows when escalation is warranted, and balances risk
• mitigation with practical business needs.
• •Strong Communication Skills - Communicates risk matters clearly and concisely, verbally and in writing, translating
• detail into management-level reporting.
• •Stakeholder Management & Collaboration - Builds credibility and productive relationships across groups, including
• the ability to provide constructive challenge.
• •Data & Reporting Capabilities - Comfortable working with data and reporting tools to identify trends, develop risk
• indicators, and translate information into actionable insights.
• •Ownership & Initiative - Self-motivated and comfortable operating with a high degree of autonomy, proactively
• identifying where further analysis or improvement is warranted.
• •Adaptability - Comfortable working across a broad range of risk topics and taking on evolving priorities and special
• projects as needed.

• We anticipate the base salary of this role to be between $200,000-225,000. In addition to a base salary, the successful
• candidate will also be eligible to receive a discretionary year-end bonus.

• In all respects, candidates need to reflect the following SFM core values:
• Smart risk-taking // Owner’s Mindset // Teamwork // Humility // Integrity