Best practice reviews.   

Developing realistic and effective action plans.  

Breaking apart goals into actionable steps.   

Advising on vendor selection and oversight.    

Creating and implementing policies, procedures, and control measures.   

Evaluating each client’s advancement toward goal actualization through key performance indicators (KPIs) and scoring matrices.   

Special projects or other areas of need.    

Establish, implement, and oversee the Operational Risk Management activities of a Hedge Fund or Family Office including reporting Key Risk Indicators (KRIs), Third-Party Risk Assessments, conducting Risk & Control Self-Assessments (RCSAs).   

Implement and manage control testing, and development of action plans with tracking of follow-up items, working alongside Department Heads to put preventative measures in place and to ensure policy and procedure documentation is produced and maintained on an ongoing basis.  

Develop and produce risk management reports, monitoring assigned department’s risk profile and work with Founder/Principal to identify, design, document and implement appropriate controls and process maps, as required.  

Work in conjunction with Compliance, Legal and other departments to research, analyze and provide guidance to management teams on assorted matters such as regulatory and industry operational developments, pending legislative activities, and related matters.  

Analyze Access Management status, cybersecurity, and other IT risks and report to centralized technology teams to implement strategies to mitigate risk.    

Implement and design regular audits and examinations of assigned departments in an effort to develop a full risk matrix to proactively identify areas that need to be addressed and monitored.  

Review and manage the oversight of a Policies and Procedures manual as well as Quality Control and Assurance Committees to ensure that all business units continuously update their operating procedures for changing business conditions, new regulations and changing legislation to ensure consistent adherence with best practices.    

Devise and implement a firm-wide program for the management and oversight of vendor due diligence, third-party service providers, and other operating partners.    

Conduct a thorough review of all incidents, analyzing risk metrics and performance data gathered from internal sources and create measures to protect the firm by means of designing or revising workflow processes, updating policies and procedures, adding system enhancements, etc.  

Serve as risk management advisor in development of new or modified products and new operational processes and procedures across all business areas of the firm.