Independent Risk Management Director, Investment Products

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The role:

the company is seeking an energetic, detail-oriented, self-motivated, and intellectually curious Independent Risk Management (IRM) Director to support the growth of our Invest business. Your success in this role will rely on deep subject matter expertise in broker-dealer and investment advisory matters and investment product risks. This person will serve as the senior second-line risk leader responsible for independent risk oversight of the Invest business.

This role will act as the primary risk partner to Invest leadership, providing credible challenge, strategic risk advisory, and oversight across all material risk categories associated with the business, excluding Compliance Risk, which is overseen by a dedicated Invest Compliance organization. Specifically, the Director will operate in close partnership with Compliance leadership in a coordinated coverage model to ensure comprehensive and effective risk oversight.

Will look for this leader to leverage their comprehensive understanding of risk management and the mitigating controls needed across risk types - including operational, fraud, technology, credit and third-party. You will apply lessons learned from peers across the industry - both benchmarking against industry leaders as well as learning from those who have under-performed, ensuring strong risk governance, diversified exposures, and rigorous controls.

As part of the Second Line of Defense (2

LOD), this individual will provide oversight across risk types for all product and feature launches as well as partner with 1

LOD risk owners on ensuring we are appropriately identifying, monitoring, and mitigating risks as part of our framework programs as we scale and grow this business. The ideal candidate is comfortable challenging business assumptions, escalation decisions, and risk‑taking activities to ensure alignment with approved risk appetite.

By joining the company, you'll become part of a forward‑thinking company that is transforming financial services for the better. We offer the excitement of a rapidly growing startup with the stability of an industry leading leadership team.

• Serve as the accountable 2
  
  LOD Risk Manager for the Invest business, maintaining an enterprise-wide view of Invest’s risk profile including key risk themes and control effectiveness.
• Become a trusted advisor to senior business leaders on risk implications of strategic decisions, product expansion, operational changes, and emerging risks.
• Represent Independent Risk Management in executive forums related to Invest strategy, governance, and risk management.
• Present risk assessments and recommendations to senior management committees, executive leadership, and Board‑level governance forums, as appropriate.
• Oversee aggregate portfolio risk trends, including:
• Operational (trade processing/settlement/service failures, reconciliation breaks, corporate action errors),
• Fraud (targeted risk assessments across all attack vectors),
• Third party (vendor diligence, outages and cyber incidents, service degradation, concentration risk),
• Technology & platform (trading outages, mobile app/API failures, data quality issues),
• Product (new product introduction, portfolio construction errors, rebalancing failures, product design flaws, unexpected concentration exposures),
• Credit (margin lending), and
• Model
• Identify thematic and emerging risk trends and ensure timely root‑cause analysis, corrective action plans, and sustainable remediation.
• Collaborate with business units, Enterprise Risk Management, Compliance,…