Operational Risk Management Associate

CAIS is building the first truly open marketplace for alternative investments, where financial advisors and asset managers engage and transact directly on a massive scale. CAIS provides financial advisors with a broad selection of alternative investment strategies, including hedge funds, private equity, private credit, real estate, digital assets, and structured notes; thus, allowing them to capitalize on opportunities and/or withstand ever-changing markets. Additionally, CAIS provides an industry leading learning system, CAIS IQ, that helps advisors learn faster, remember longer, and improve client outcomes. 

CAIS is seeking a driven and agile Operational Risk Associate to join the Platform & Operations team. The Operational Risk team is responsible for maintaining the Operational Risk Management Framework (ORMF), the processes to identify, measure, and assess operational risks, as well as administering to CAIS Client and Vendor Due Diligence. The ideal candidate will be a positive self-starter with great attention to detail. This is a great opportunity to gain unique exposure within a fast-paced FinTech firm in the Alternative Investments space.

Responsibilities

• Conduct the annual Risk Control Self-Assessment (RCSA) program and evaluate the results to assess whether the proper risks are identified and to verify the effectiveness of the control environment
• Implement new risk measurement controls and processes that are relevant to the business and enhance operational risk management environment. 
• Drive and evolve creation of common Operational Risk Taxonomy and Process Inventory that is used by Risk, Compliance and Audit 
• Manage Operational Risk Event process, including understanding the root cause, any necessary remediation, and reporting, to ensure control gaps are closed. 
• Partner with Business to understand and continuously monitor risk profile and ongoing enhancement of Key Risk Indicators (KRIs) to ensure they are relevant to capture emerging risks and evolving business strategies, to assist management in the early identification of risk trends. 
• Aggregate risk data and synthesize key themes to keep management aware of the risk and control environment through continuous communication, and presenting at Risk and Controls Committee  
• Manage Vendor Risk Management process, including initial and annual risk due diligence for key vendors. 
• Assist with due diligence process for CAIS Clients
• Collaborate in maintaining ownership of the ORMC (Operational Risk Management Committee) lifecycle, maintaining minutes, follow up on action items, and having accountability to the EC (Executive Committee) for results and transparency 
• Collaborate in the management of the SOC1 & SOC2 process, interfacing with the auditors, managing the control objectives and individual controls, working with teams streamline walkthroughs, observations, and evidence for audit program 
• Partner with each department to create and maintain policies and process maps 
• Assist the ORMC with Business Continuity planning and documentation, including Business Impact Analyses, planning, and executing BCP exercises 

Qualifications

• Bachelor’s degree in finance, economics or a related discipline preferred
• 2-5 years of relevant experience, preferably with hedge funds and/or private equity experience
• Knowledge of alternative investments a plus
• Advanced skills in Microsoft Suite, specifically Excel
• Strong organizational, problem solving and time management skills