Officer, Enterprise Risk Management

About Us Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

About the Role Our Enterprise Risk Management (ERM) Team, as members of Wellington’s Enterprise Risk (ER) function, collaborates with all three lines of defense in an effort to optimize the firm’s strategic and tactical operational risk exposure through continuous key risk identification and monitoring, risk aware decision making, and the development and driving of the risk agenda and related mitigation strategies.

The Role The Risk Manager for Wellington Management Europe GmbH (WME), located in Frankfurt, will report to the Global Head of Enterprise Risk Management, located in London, and will advise and challenge first line management on risk identification and monitoring techniques, risk aware decision making, controls design, and the development of risk priorities and mitigation strategies. In doing so the Risk Manager will work closely with colleagues across the Enterprise Risk functions to ensure the entity is in line with local industry and regulatory risk management expectations.

While focusing on operational risk management, the role is broader in scope and will assist in providing coverage of the broader risk management activities, including DORA and Third Party Management. Locally, the Risk Manager will report to the Directors of Enterprise Risk. Specific responsibilities for this role, include:

Partnering with WME senior management regarding risk policy, including the Risk Management Strategy and Framework;

Supporting senior management and the Board in setting and reviewing risk appetite and risk tolerance levels for WME;

Ensuring systems and procedures are set up to identify, measure, and monitor risks incurred by WME;

Advising on the design and effectiveness of risk controls and processes;

Implementing and regularly reviewing risk policies designed to support the above;

Ensuring a healthy risk culture and mitigation strategies in collaboration with ERM;

Overseeing WME's outsourcing and third-party management framework, including outsourced activities of the entity;

Assuming responsibility for the risk and outsourcing topics in the annual WME regulatory audit;

Preparing and presenting risk reports for WME senior management including the Board; and Acting as a key liaison with regulatory authorities on risk management and outsourcing matters.

The Risk Manager will also be responsible for:

Challenge and support the ICT Security Officer in overseeing compliance with DORA;

Project managing and coordinating activities, including progress tracking and overall audit organization; and Overseeing, from a risk perspective, the local entities established as branches of  addition, the Risk Manager will be take-on a number of regional responsibilities, including:

Leading the implementation of operational risk requirements for EU regulations;

Leading the response to incidents which occur w/in the EU or impact WME contracted clients;

Supporting the implementation and ongoing enhancement of operational resilience, third-party risk management, and governance frameworks across EMEA;

Coordinating the review of the EMEA Risk Appetite Statements and Risk Management Frameworks; and Supporting the EMEA Risk and Control Assessment process.

Qualifications The successful candidate will be a credentialed risk management professional with a minimum of 6 years of operational risk management experience within the investment management industry, including experience with developing and managing operational risk frameworks from a German regulatory perspective; and Consulting/advisory experience and relevant professional certifications are a plus.

Additional qualifications include:

Experience with identifying and mitigating global operational risks (including controls improvements) within the investment management industry;

Ability to lead regional activities autonomously while collaborating globally;

Strong understanding of regulatory requirements, including WpIG, WpI MaRisk, DORA, and standards in outsourcing,…