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Soros Fund Management

Operational Risk Manager

New York; SFM-NYUnited States
Manager · Risk Management
POSTED 16 SEPT
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Role
54 days opentrue age
Posted 16 Sept
Pay
$120k–$178kno pay posted
Market p25–p75
$120k–$178k
New York · n=1079 · 365d to 6 Nov
CompanySoros Fund Management →
6open roles
Opened · 30d
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All tracked boards · live 10 Nov · n=73,213

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

Source · Soros Fund ManagementFirst seen 7 NovOriginal ↗