Senior Director, First Line Risk (Global Investments)

Firm Overview

Cambridge Associates was founded in the early s to assist nonprofit institutions with the investment of their endowment assets.

Today, we provide investment management, financial planning, and proprietary investment research to over clients including nonprofit institutions, private clients (families), pension plans, and other large institutional investors.

The firm advises on all asset categories, including equities, credit, hedge funds, real assets, and private equity investments.

Our goal is to meet clients wherever they are in the investment process and create custom portfolios to meet each client’s investment objectives.

We offer a variety of services to complement those needs, from acting as an outsourced investment office to providing access to our world-class digital research platform.

Committed to independence since our founding 50 years ago, we are motivated only by what is best for our clients.

Cambridge Associates has a staff of more than 1, professionals, including Investment Directors and Investment Associates, based in 11 offices located in Beijing, Boston, Dallas, London, San Francisco, New York City, Singapore, Sydney, and Washington DC.

We select our employees with great attention to their potential to become valuable members of a collegial, intelligent, and hard-working team.

Position Overview

Cambridge Associates (CA) has been at the forefront of innovative investment portfolio strategies for over 40 years. Headquartered in Boston and with offices across the world, CA provides investment management services to clients around the globe.

We are currently seeking a Senior Director within the Global Investment Services team develop, implement, and lead risk management efforts for GI, including the identification, assessment, control, measurement, monitoring, and reporting of risks within GI in accordance with second-line frameworks and standards.

The Senior Director will also be responsible for executing the firm’s processes, policies, procedures, and controls (3PC) project for Global Investments (GI) to ensure key risks, controls, issues, process improvements, and action plans have been identified and documented.

The Senior Director position will initially report administratively to the Global Head of Enterprise Risk Management (ERM) to support 3PC but will transition into GI and report into the President and Head of GI.

This position is an individual contributor role, but there could be potential to manage team members in the future.

Responsibilities :

Collaborate with first- and second-line partners to execute 3PC for Global Investment Services to ensure key risks, controls, issues, process improvements, and action plans have been identified, documented and prioritized for GI processes.

Maintain 3PC output, including process maps, risk and control matrices and issues / process improvement roadmaps, to ensure process, risk and controls changes are updated, implemented, and memorialized via policy and procedural documents.

Build and execute the FLOD risk oversight program for GI, including but not limited to, developing and implementing risk management programs (e.

g., KRIs, risk assessments etc.), processes, policies, procedures, and practices, in accordance with second-line frameworks and standards across GI, risk governance, issues management, risk reporting, risk identification and assessment etc.

promoting a risk culture that enables GI to accomplish both strategic and tactical goals in an environment where risks are mitigated and monitored.

• Provide proactive risk advisory and assessment services, including assurance focused on top strategic projects and initiatives, to address risk issues that could potentially impact the GI’s strategic direction and / or operational effectiveness.
• Manage the error and risk reporting process on behalf of GI in accordance with applicable frameworks and methodologies, including reporting errors, performing root cause analysis and trends analysis, identifying corrective & preventative actions and process improvements, and implementing a risk acceptance process to help GI leadership determine what actions should be implemented and prioritized.
• Develop a reporting program where reports on issues and corrective actions, performance of policies, procedures, processes and internal controls, risk assessments, KRIs, KPIs and emerging risks are developed and reported to GI leadership.
• Serve as the liaison between oversight and governing bodies (ERM, IA, Compliance, SOC, Regulators) and FLOD owners to review evidence requests, remediation activities & conduct assessments, conducting risk management training for GI, escalating risks and issues (from new initiatives, business ventures, operational changes, etc.

in accordance with CA standards and frameworks.

Serve as an integral member of the GI Leadership team.

Qualifications :

• Minimum of 10 years of combined investment management and risk management experience preferred; program management experience a plus
• Technical understanding of risk management methodologies and maturity models, including COSO ERM framework
• Certifications in key areas a plus not required (e.g., CPA, CFA, MBA, PMP)
• Highly developed analytical, written and verbal communication skills, capable of adapting messaging to various audiences clearly and succinctly
• Ability to work independently and interact with and build relationships with colleagues at all levels of the organization, focusing on collaboration to achieve results in support of firm strategy and goals
• Strong internal controls background including assisting risk owners in the identification, development and evaluation of processes, controls, and issues
• Bachelor’s degree required, advanced degree desirable
30+ days ago