ETF Risk Manager

At BBH we value diverse backgrounds, so if your experience looks a little different from what we’ve outlined and you think you can bring value to the role, we will still welcome your application!

What You Can Expect At BBH:

If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, take on new challenges, and reinvent yourself—without leaving the firm. We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program emphasizing good health, financial security, and peace of mind. Ultimately we want you to have rewarding work with the flexibility to enjoy personal and family experiences at every career stage. Our BBH Cares program offers volunteer opportunities to give back to your community and help transform the lives of others.

Enterprise Risk Management are currently looking to hire an Investor Services (InServ) Risk Management professional focused on the ETF product to drive our mission; to strengthen and protect the firm and its clients by: (i) Establishing a global framework for identifying and anticipating risks to the Firm; (ii) Supporting our lines of business to execute our program of measuring, managing, and monitoring those risks; and (iii) Driving a culture of risk awareness, transparency and escalation.

The successful candidate will be responsible for proactive identification, assessment, monitoring, measurement, and mitigation of key operational, financial, reputational and strategic risks in our servicing of Exchange Traded Funds. As a risk management subject matter expert, the Risk Manager will also provide analysis and hands on Risk support to the ETF Product and supporting areas through a strong understanding of their risk profile, bringing transparency and mitigants to address risk. This role will provide the right candidate with an opportunity to gain exposure to a variety of management levels across client facing, operational and supporting teams in InServ, including other control functions such as Internal Audit, Legal and Compliance, and make an impact within a critical and highly visible firm.

Key responsibilities include:

• Ensuring new business and day to day operations for ETF are in line with the firm’s stated risk appetite, by identifying and bringing transparency to new risks.
• Acting as a strategic ally to Product division leaders in their proactive identification, measurement, management and monitoring of risk within the InServ line of business, particularly ETF.
• Leading and driving a culture of risk awareness, transparency and escalation across the business line.
• Supporting the implementation of suitable controls to ensure the ETF service lifecycle is effectively operating, with clear division of roles and responsibilities both internally and externally.
• Supporting the holistic management of risk associated with new business, business change and issue resolution, acting in a leadership capacity as required.
• Actively participate in various forums designed to assess new products and services to ensure all identified risks have been appropriately defined and proper mitigating controls have been identified and implemented and all residual risks are acknowledged and accepted by the business prior to launch.
• Identifying, assessing and escalating trends, control weaknesses and supporting the development of sustainable solutions for the management of risk in the business.
• Lead/Perform targeted risk/control reviews of Operational processes/workflows. Present findings and recommendations. Monitor/Track corrective action plans, analyze trends and assess root causes re: audit/regulatory findings, risk and control self-assessment gaps and risk events.
• Leverage existing risk management tools, such as the firmwide risk event database and risk and control self-assessment database to assist in causal analysis of risk matters/incidents.
• Providing a high standard of risk reporting and communication on risk and control topics and representing the ERM Investor Services Risk function within the line of business and on a firmwide basis.
• Fostering a culture of risk transparency, regulatory risk awareness and appropriate risk escalation to the senior management team.
• Supporting the InServ Risk Leadership team with implementation of the risk and control framework within Investor Services (including governance, procedures, and risk-control infrastructure) for InServ’s strategy that aligns with the Firm’s risk management policies and meets regulatory expectations.
• Developing and supporting training initiatives for InServ staff to build and strengthen risk awareness, risk culture and understanding of fundamental control principles.
• Providing support and insights on industry best practice to initiatives impacting the Investor Services Line of Business.
• Working closely with senior business leadership and peers in ERM, Legal, Compliance and Internal Audit to ensure effective and proactive business risk mitigation.
• Representing BBH on client engagements, industry association initiatives, industry working groups, conference panels and other engagements as appropriate.

Qualifications:

• An analytical and enquiring mindset
• Ability to effectively engage and communicate with senior management.
• University graduate
• Proven track record of leadership and continuous improvement
• A minimum of 10 years relevant industry experience is required, with a minimum 7 years of risk and control focus.
• Strong familiarity/experience with Exchange Traded Funds and associated risks is a plus.

This role is based in our Boston location and is a hybrid role, with three days per week in office.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.