Operational Risk Manager

The Role

About Lord Abbett:

Founded in 1929, Lord Abbett is an independent firm with a singular focus on the management of money. Over the course of our history, we've earned a sterling reputation for our leadership, influence, and innovation in the asset management industry. Today, our independent perspective, our commitment to active management, and our intelligent product design continue to make us relevant to individual and institutional investors.

From the very beginning, we've recognized that our people are our greatest asset. As an investment-led, investor-focused firm, we value intellectual curiosity, teamwork, and collaboration across the organization.

We're looking for people with a keen interest in working for a trusted leader in the asset management industry, a desire to expand their knowledge, and a passion for delivering a client experience that exceeds expectations.

Now that you know our history, are you ready to be part of our future?

Job Overview:

The Operational Risk Manager supports the firm's Enterprise Risk Management (ERM) program with a primary focus on operational risk. The role works closely with business and control partners across Investments, Client Services, Operations, Compliance, Legal, Finance, and Technology to identify, assess, and manage risks that could impact the firm's operations, strategy, and regulatory obligations. This role provides exposure to a wide variety of business processes and senior leadership across the Firm, as well as visibility into strategic initiatives, operational incidents, and emerging risk trends.

Operating within a Second Line of Defense model, this position provides independent risk oversight, credible challenge, and data-driven insights to senior management to support informed decision-making in a dynamic business environment. The role also supports risk oversight of strategic initiatives, including new product launches, operating model changes, and technology modernization efforts.

The ideal candidate is intellectually curious, collaborative, and comfortable working across functions to analyze complex issues and communicate risk insights to stakeholders at all levels, including senior leadership and governance committees.

This role offers the opportunity to help shape and strengthen a growing enterprise risk management program.

We'll trust you to:

• Support the execution and ongoing enhancement of the firm's enterprise and operational risk management practices, including operational risk assessments, issue management, change risk review, and third-party risk oversight.
• Support the incident and issue management process, including root cause analysis, remediation tracking, trend analysis, and reporting to senior management.
• Conduct top-down, bottom up and targeted risk assessments, evaluating inherent risks, control effectiveness, and residual risk across business activities.
• Conduct operational change risk reviews for strategic initiatives, technology implementations, and business process changes.
• Assist in the development and monitoring of risk appetite metrics, key risk indicators (KRIs), and emerging risk themes.
• Prepare risk reporting and dashboards for senior leadership and Board-level committees, providing data-driven insights and thematic analysis.
• Partner with business units to strengthen the control environment and embed risk management into strategic initiatives and operational processes.
• Support coordination of risk assurance activities, including third-party assurance reviews (e.g., SOC reports) and control assessments (e.g., SOX).
• Contribute to strengthening the Firm's evolving risk management program within a dynamic and collaborative environment.

You'll need to have:

• 5-8 years of experience in enterprise, operational, change or third-party risk management, and/or auditing within the financial services (asset management experience preferred)
• Experience facilitating risk assessments, issue management programs and/or operational risk analysis.
• Familiarity with third-party assurance frameworks (e.g., SOC, SOX, NIST, COSO, ISO standards)
• Ability to synthesize complex information and communicate clearly to diverse audiences.
• Excellent written, verbal, and presentation skills, with experience preparing materials for senior leadership.
• Experience working with Governance, Risk, and Compliance (GRC) platforms is a plus.
• A team-oriented approach with the ability to influence and partner effectively across functions, combined with the ability to work independently and drive initiatives to completion.
• Strong organizational skills and attention to detail.
• Bachelor's degree required; relevant certifications (e.g., CRISC, FRM, CISA, CIA, CPA) a plus.

Why Lord Abbett?

Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility. This inspires the three pillars of our culture.

• Principles-Based - We empower our leaders to create an environment of trust.
• Performance-Oriented - We inspire our people to embody our values, excellence, responsibility, transparency & collaboration.
• Purpose-Driven - We instill a passion for always putting our clients' interests first.

We were honored to be ranked #1 in Barron's Best Fund Families for 2024 and to have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments for five consecutive years.

Compensation Information: Annual base salary for this role is $135,000 - $160,000. Salary is estimated for this role. Actual pay may be different.

Discretionary Bonus: Role may be eligible to receive an annual discretionary bonus. Discretionary bonuses are determined by several factors including, but not limited to, firm, team, and individual performance.


Benefits: Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans. To learn more about what we offer, please visit Careers | Lord Abbett

Lord Abbett is an equal employment opportunity employer. We are committed to providing equal employment opportunities to all qualified individuals without regard to the following legally protected characteristics: race, color, religion, sex, pregnancy, national origin, age, physical or mental disability, marital status, sexual orientation, sexual identity, caregiver status, military/veteran status, or any other characteristic protected by local, state or federal law. All employment decisions at Lord Abbett are based solely on the applicant's relevant experience, skills and qualifications.

Important notice to Search Firms - Please Read Carefully Without prior written agreement, Lord Abbett does not accept unsolicited submissions from employment agencies, search firms, placement services, or any similar provider ("Search Firms") for employment opportunities. All candidates submitted by Search Firms to any employee or partner at our company without a written Search Firm agreement in place will be deemed the sole property of our company. In such circumstances, no fee, commission, or other compensation will be paid to such Search Firm in the event a candidate is hired by our company. To the extent a Search Firm has a written agreement in place, all introductions are position specific and should be directed to HR or the hiring manager, so we kindly request no unsolicited phone calls or emails.