Operational Risk Manager

The Role

About Lord Abbett:

Founded in 1929, Lord Abbett is an independent firm with a singular focus on the management of money. Over the course of our history, we’ve earned a sterling reputation for our leadership, influence, and innovation in the asset management industry. Today, our independent perspective, our commitment to active management, and our intelligent product design continue to make us relevant to individual and institutional investors.

From the very beginning, we’ve recognized that our people are our greatest asset. As an investment-led, investor-focused firm, we value intellectual curiosity, teamwork, and collaboration across the organization.

We’re looking for people with a keen interest in working for a trusted leader in the asset management industry, a desire to expand their knowledge, and a passion for delivering a client experience that exceeds expectations.

Now that you know our history, are you ready to be part of our future?

Job Overview:

The Operational Risk Manager supports the firm’s Enterprise Risk Management (ERM) program with a primary focus on operational risk. The role works closely with business and control partners across Investments, Client Services, Operations, Compliance, Legal, Finance, and Technology to identify, assess, and manage risks that could impact the firm’s operations, strategy, and regulatory obligations. This role provides exposure to a wide variety of business processes and senior leadership across the Firm, as well as visibility into strategic initiatives, operational incidents, and emerging risk trends.

Operating within a Second Line of Defense model, this position provides independent risk oversight, credible challenge, and data-driven insights to senior management to support informed decision-making in a dynamic business environment. The role also supports risk oversight of strategic initiatives, including new product launches, operating model changes, and technology modernization efforts.

The ideal candidate is intellectually curious, collaborative, and comfortable working across functions to analyze complex issues and communicate risk insights to stakeholders at all levels, including senior leadership and governance committees.

This role offers the opportunity to help shape and strengthen a growing enterprise risk management program.

• Support the execution and ongoing enhancement of the firm’s enterprise and operational risk management practices, including operational risk assessments, issue management, change risk review, and third-party risk oversight.
• Support the incident and issue management process, including root cause analysis, remediation tracking, trend analysis, and reporting to senior management.
• Conduct top-down, bottom up and targeted risk assessments, evaluating inherent risks, control effectiveness, and residual risk across business activities.
• Conduct operational change risk reviews for strategic initiatives, technology implementations, and business process changes.
• Assist in the development and monitoring of risk appetite metrics, key risk indicators (KRIs), and emerging risk themes.
• Prepare risk reporting and dashboards for senior leadership and Board-level committees, providing data-driven insights and thematic analysis.
• Partner with business units to strengthen the control environment and embed risk management into strategic initiatives and operational processes.
• Support coordination of risk assurance activities, including third-party assurance reviews (e.g., SOC reports) and control assessments (e.g., SOX).
• Contribute to strengthening the Firm’s evolving risk management program within a dynamic and collaborative environment.

• 5-8 years of experience in enterprise, operational, change or third-party risk management, and/or auditing within the financial services (asset management experience preferred)
• Experience facilitating risk assessments, issue management programs and/or operational risk analysis.
• Familiarity with third-party assurance frameworks (e.g., SOC, SOX, NIST, COSO, ISO standards)
• Ability to synthesize complex information and communicate clearly to diverse audiences.
• Excellent written,…