Risk Director: Financial Advisor Services - Portfolio & Adviser Solutions

Overview

Financial Advisor Services (FAS) is a critical growth engine, focused on evolving how we serve advisors and clients through expanded digital capabilities, data-driven insights, and innovative solutions. As FAS accelerates its strategy—including digital distribution, AI-enabled tools, and enhanced client engagement—there is a growing need to embed risk expertise directly into these initiatives.

As the Risk Director for Portfolio & Adviser Solutions, you will serve as the senior risk advisor to FAS leaders responsible for investment products, portfolio solutions, advisory offerings and client propositions. You will bring deep industry knowledge and strategic perspective to help the business identify and manage the most important risks affecting product strategy, client outcomes and business growth.

This role requires deep expertise in investment management and product-related risks rather than traditional operational, audit or compliance disciplines. The successful candidate will understand how investment products are designed, governed, distributed and experienced by clients and advisors.

• Act as a trusted strategic advisor to senior leaders responsible for investment products, portfolio solutions and client offerings.
• Identify and assess key risks associated with product design, portfolio construction, distribution strategies, advisor solutions and evolving client needs.
• Provide independent challenge and risk insight on new product development, product changes, strategic initiatives and business decisions.
• Partner closely with product and solution leaders to ensure risk considerations are appropriately integrated into business strategy and execution.
• Evaluate emerging trends, market developments and changing advisor/client expectations to identify potential implications for the FAS business.
• Help leaders understand trade‑offs between growth, innovation, client outcomes and risk.
• Ensure strategic risks and key business assumptions are explicitly considered in planning, decision making and execution.
• Operate in a player‑coach capacity, leveraging your own expertise to drive impact while helping establish a highly capable, strategically focused risk team.

• Hire, evaluate, and supervise crew. Provide guidance, training, and coaching as necessary to develop crew. Sets performance standards, reviews performance, and makes informed compensation decisions in accordance with all applicable Human Resources policies and procedures.
• Partner with key stakeholders to establish and implement risk and control management standards within the division's processes, based on the divisional risk profile and enterprise and divisional policies and standards. Provide vision and leadership regarding existing and emerging risks, in alignment with strategic priorities.
• Provide independent oversight of Line 1 risk activities, with a primary responsibility to challenge completeness, consistency, quality, and judgment in how risks are identified, assessed, and managed. Ensure that the division has an appropriate level of review of key controls, and that key controls are designed in accordance with established standards.
• Partner in risk identification and challenges completeness and consistency of identified risks. Provide industry and enterprise‑wide insights to inform the business on current and emerging risks. Performs independent risk assessments for selected high‑impact, critical, or thematic risks.
• Monitor and enable adherence to the enterprise risk governance policies, standards, and procedures. Develop, maintain, and evolve a comprehensive program for monitoring and challenging the risk and control effectiveness in the business.
• Produce independent risk reporting and enterprise‑wide insights for divisional leadership and governance forums to enable the business to make risk informed decisions.
• Lead and oversee a team of risk practitioners in analyzing risks, applying risk methodologies, and considering business context in advising the business on key risks. Accountable for the timely completion of risk projects and initiatives.
• Develop…