Associate Manager, Operational Risk

Salary Range:$90,000 USD - $115,000 USD

Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.

Job Description:

Every day, we seek to improve financial security for people.

As part of our continued efforts to enhance risk management practices, we are seeking a highly motivated, intellectually curious, and results-oriented Associate Manager, Operational Risk to join our Operational Risk Management team. This role is ideal for an energetic professional who thrives in a fast-paced environment, demonstrates strong critical thinking skills, and brings a high level of ownership, intensity, and organizational discipline to complex risk and project management initiatives.

As a member of the Operational Risk team, you’ll be part of a collaborative and purpose-driven group that values integrity, innovation, and impact. This role blends core risk management responsibilities with hands-on project leadership, offering a unique opportunity to shape and strengthen our operational resilience.

Responsibilities

• Conduct and facilitate operational risk activities, including risk assessments, control documentation and testing, event analysis, and remediation tracking.

• Lead and coordinate cross-functional projects, ensuring timely delivery of risk initiatives through effective planning, execution, and stakeholder engagement.

• Develop and maintain project plans, including scope definition, milestone tracking, and status reporting.

• Produce timely and accurate operational risk reports for internal and external stakeholders on both scheduled and ad hoc basis.

• Facilitate the SOC1 audit engagement and oversight as well as the quarterly bridge letter process.

• Support the Russell Investments corporate insurance program.

• Monitor changes to RI's business and risk profile and recommend changes to RI's global insurance program as appropriate.

• Develop and implement risk management program policies and procedures.

Demonstrable skills and required experience:

• Bachelor’s degree in Business Management, Finance, Accounting, or a related discipline.

• 5-8 years of experience with exposure to operational risk and/or internal/external audit.

• Financial services or asset management experience preferred but not necessary.

Skills & Competencies

Critical Thinking & Problem Solving

• Exceptional critical thinking and analytical skills, with the ability to assess complex situations, identify root causes, challenge assumptions, and develop practical, risk-based solutions.

• Demonstrated ability to synthesize large amounts of information, connect disparate issues, and make sound decisions in ambiguous or evolving environments.

Energy, Drive & Intensity

• High-energy, self-motivated professional who demonstrates urgency, resilience, and a strong bias toward action and execution.

• Proven track record of taking initiative, driving projects forward, overcoming obstacles, and delivering results with limited supervision.

Organization & Execution

• Highly organized with exceptional planning and prioritization skills; able to effectively manage multiple competing priorities without sacrificing quality or attention to detail.

• Strong project execution capabilities, including the ability to anticipate challenges, proactively manage dependencies, and consistently meet deadlines.

Leadership & Influence

• Confident communicator who can effectively challenge the status quo, ask thoughtful questions, and influence stakeholders across varying levels of the organization.

• Demonstrates executive presence, accountability, and ownership when leading cross-functional initiatives and driving risk management outcomes.

The successful candidate will be intellectually curious, highly organized, and energized by solving complex business problems. They will demonstrate strong business judgment, a proactive mindset, and the ability to balance strategic thinking with disciplined execution in a demanding environment.

This role is not eligible for employment-based immigration sponsorship. Applicants must be legally authorized to work in the United States without employer sponsorship, now or in the future.

Equal Employment Opportunity

Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.