Operational Risk Lead Analyst

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

THE ROLE

Play a significant role in MFS’ ongoing business process and technology risk mitigation programs and initiatives to ensure compliance with regulatory requirements, documented internal controls and industry best practices. Review and evaluate business processes, change initiatives and related risks to assess the design and operational effectiveness of management’s controls.

You will also have the opportunity to influence our on-going risk & control transformation by collaborating with our process automation team. 

his position is considered an individual contributor role and willreports to the Sr. Manager of Operational Risk.

WHAT YOU WILL DO

• Interview various levels of staff and management, review policies and procedures, and review all documentation in any format that might be available about a process to identify any potential internal control weaknesses.
• Develop an overall and a detailed understanding of a process under review.  This includes a thorough understanding of the objectives of a process and the objectives of management with responsibility for the process. Identify situations and circumstances in which the actual performance of a process does not match the objectives it is supposed to fulfill.
• Serve as key subject matter expert on control automation initiatives and provide automation support when team is assessing an automated control design.
• Lead the control testing automation pipeline management, responsible for agreeing priorities, escalating any blocks and continuously forecasting the work effort.
• Ensure new business initiatives are reviewed for risk and control compliance.
• Provide liaison function between Operations and Information Technology Management with regulators, external and internal audit.
• Execute periodic internal control reviews of critical business processes and systems.
• Provide support for the design, implementation, reporting and monitoring of Service Level Agreement and Key Risk Indicator metrics to align with management objectives.
• Develop and create solutions for gaps identified.  Document understanding and the basis for all recommendations clearly and concisely.  Documentation will include the writing of narratives and the creation of charts and maps detailing a process flow.
• Present results of review, clearly and concisely in meetings and in reports.
• Aid in the communication between departments and levels of staff and management with differing perspectives of a process.

WHAT WE ARE LOOKING FOR

• 6-8+ of experience in public accounting, internal audit, consulting or related experience in Financial Services. Big 4 experience is preferred.
• Ability to take initiative to utilize resources and manager to results while using strong communication skills both verbal and written . 
• Proven analytical skills and demonstrated ability to make independent decisions and develop creative solutions to meet business needs.
• CIA, CISA, PMP and/or FRM or similar certification is preferred.
• Experience with investment management globbal compliance regulations is strongly preferred.
• Excellent communication skills, including negotiating, influencing and problem solving.

#MBLI

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At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn’t align perfectly, we encourage you to apply - you might be just the right candidate for this role or others.

What we offer:

• Generous time-off provided: including "Responsible time off" for many roles, paid company holidays when the US Stock Exchange is closed, plus paid volunteer time
• Family Focus: Up to 20 weeks of paid leave for new parents, back-up care program, dependent care flexible spending account, adoption assistance, generous caregiver leave
• Health and Welfare: Competitive medical, vision and dental plans, plus tax-free health savings accounts with company contributions
• Wellness Programs: Robust wellness webinars, employee assistance program, gym reimbursement through our medical plans, fitness center discounts and more
• Life & Disability Benefits: Company-paid basic life insurance and short-term disability
• Financial Benefits: 401(k) savings plan, Defined Contribution plan- 15% of base salary invested into the Plan, competitive total compensation programs

MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.

If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email [email protected] for assistance. 

MFS is an Affirmative Action and Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Please see the Know Your Rights: Workplace Discrimination is Illegal document and Pay Transparency Nondiscrimination Provision, linked for your reference.