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Full-Time

Risk Manager

Private Markets

Posted on 1/4/2023

StepStone Group

StepStone Group

1,001-5,000 employees

Global private markets investment firm

Venture Capital
Financial Services
Real Estate

Compensation Overview

$110k - $170k

Senior, Expert

New York, NY, USA

Requirements
  • Experience in risk assessment, control design and development of control & process testing, and a strong desire to drive processes forward
  • Proven project management skills with the ability to manage complex tasks
  • Strong relationship competencies, demonstrated ability to collaborate, influence and manage through conflict and develop relationships to achieve successful outcomes with multiple seniorities
  • Strong team player, and self-motivation with the ability to handle multiple work streams under time constraints and across geographical locations and ad-hoc tasks simultaneously
  • Ability to build strategic partnerships with key stakeholders
  • Strong written and oral communication skills and ability to convey clear insight and thought leadership
  • Strong analytical capabilities
  • High level of curiosity and ability to ask the “right” questions
  • High level of confidentiality and integrity
  • Bachelor's degree requires. Degree in finance, economics, or engineering preferred
  • Private market experience preferred
Responsibilities
  • Develop comprehensive understanding of key concepts for assessing, monitoring, reporting, and management of risk in private markets across asset classes and investment styles
  • Coordinate risk management processes, tools, and metrics across investment teams within StepStone to ensure consistent approach while honoring asset class specific aspects
  • Plan, design, manage and execute project in key risk management initiatives, bringing the ability to quickly put structure in place to manage the work across asset classes
  • Maintain documentation processes and projects (creating reports, presentations, and diagrams) for internal as well as external communication
  • Proactively identify gaps, risks, and trends. Prepare reporting for executive leadership and lead processes for improvement
  • Actively participate in team-oriented efforts; build productive relationships with key leadership across the organization
  • Understand regulatory requirements and anticipate changes to help ensure proper alignment with internal requirements and frameworks
Desired Qualifications
  • Experience with regulators or regulated entities as well as internal and external auditors is a plus
  • Citified CFA, CAIA, FRM is a plus

StepStone Group manages a large amount of private capital, focusing on private equity, infrastructure, real assets, real estate, and private debt. The firm develops tailored investment portfolios for sophisticated investors by using a disciplined research approach. This approach combines different types of investments, including primary investments, secondary market purchases, and co-investments, to create diversified portfolios. StepStone stands out from its competitors by its emphasis on customization and thorough research, ensuring that each portfolio aligns with the specific needs and goals of its clients. The main goal of StepStone is to provide effective investment solutions that maximize returns for their clients.

Company Stage

N/A

Total Funding

$2.6B

Headquarters

New York City, New York

Founded

2007

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Simplify's Take

What believers are saying

  • StepStone's recent successful fundraises, such as the $3.3 billion VC Secondaries Fund VI, indicate strong investor confidence and financial stability.
  • The firm's involvement in high-profile funding rounds, like the $40M Series B for Transcend, showcases its influence and ability to attract promising investment opportunities.
  • StepStone's extensive asset management portfolio of over $91 billion provides employees with exposure to a wide range of investment strategies and sectors.

What critics are saying

  • The competitive landscape of private markets requires StepStone to continuously innovate to maintain its edge over other global investment firms.
  • The complexity of managing a diverse portfolio that includes primaries, secondaries, and co-investments can pose operational challenges.

What makes StepStone Group unique

  • StepStone Group's focus on creating customized portfolios through a disciplined, research-focused approach sets it apart from competitors who may offer more generic investment solutions.
  • The firm's integration of primaries, secondaries, and co-investments provides a diversified investment strategy that mitigates risk and enhances returns.
  • StepStone's global presence, with offices in major financial hubs, allows it to leverage local market insights and opportunities, unlike firms with a more regional focus.
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