WMAS Risk Manager

WM&AS Fiduciary Oversight Manager

This position serves as the primary WM&AS fiduciary oversight manager, supporting the WM&AS division and assisting the Chief Fiduciary Officer with the design, execution, and administration of a division-wide fiduciary governance, risk management, and compliance oversight framework. The role provides management-level direction for the WMAS Compliance Officer and related analyst functions and leads the aggregation, analysis, reporting, and escalation of fiduciary, operational, compliance, audit, examination, vendor, and control-related risk matters.

This position develops and maintains an integrated view of WM&AS risk exposure by interpreting information from compliance testing, audit findings, regulatory examination matters, operational incidents, fiduciary reviews, vendor oversight, management action plans, and other risk sources. The role identifies themes, trends, root causes, control gaps, and emerging risks to support informed decision-making by the Chief Fiduciary Officer, WM&AS leadership, applicable committees, senior management, and enterprise oversight partners.

This role does not replace day-to-day compliance monitoring, testing, or analyst work; rather, it directs, prioritizes, oversees, and consolidates that work into a coordinated WM&AS fiduciary, risk, and compliance oversight structure.

Essential Functions:

• Leads the administration and continuous improvement of the WM&AS fiduciary, risk, and compliance oversight framework, including risk identification, compliance oversight, risk assessment, risk monitoring, risk reporting, escalation protocols, governance routines, and enterprise-level issue aggregation and oversight.
• Coordinates periodic WM&AS risk assessments and maintains appropriate documentation of risk categories, inherent risk, control effectiveness, residual risk, key risk indicators, and emerging risk themes.
• Aggregates, analyzes, and synthesizes risk information from compliance testing, audit findings, operational incidents, fiduciary reviews, exception reporting, watchlists, vendor reviews, legal and regulatory developments, and management reporting to identify themes, root causes, emerging risks, and control implications supporting a comprehensive, enterprise-level view of WM&AS risk.
• Prepares and presents consolidated risk reports, dashboards, committee materials, meeting agendas, minutes, management action updates, and follow-up tracking for WM&AS management, executive leadership, risk committees, senior leadership, the Board, internal and external auditors, regulatory examiners, and corporate oversight functions.
• Provides management oversight, direction, prioritization, coaching, and review for the WMAS Compliance Officer and related analyst functions, including compliance monitoring activities, testing results, issue tracking, regulatory observations, training needs, management reporting, workload prioritization, and performance input.
• Owns and oversees the WM&AS enterprise risk issue tracking framework, including aggregation of open risk issues, audit findings, examination findings, supervisory recommendations, management action plans, remediation activities, validation evidence, closure documentation, owner accountability, target dates, status reporting, aging, and escalation of overdue or high-risk matters.
• Distinguishes between day-to-day control-level compliance work performed by assigned compliance and analyst resources and management-level oversight performed by this role to ensure clear accountability, appropriate escalation, and effective coordination across WM&AS risk and compliance activities.
• Escalates significant, overdue, recurring, or high-risk matters to the Chief Fiduciary Officer, WM&AS leadership, applicable committees, and corporate oversight partners, as appropriate.
• Leads audit and examination readiness coordination for WM&AS by organizing risk-related documentation, evidence gathering, consolidated management responses, remediation status reporting, issue validation, leadership updates, examiner-ready materials, and follow-up activities.
• Serves as a senior WM&AS liaison with Corporate Risk, Corporate Compliance, Legal, Internal Audit, Operations, Investments, Fiduciary Administration, and other internal stakeholders to identify, evaluate, prioritize, escalate, and resolve fiduciary, operational, compliance, regulatory, audit, and control matters impacting WM&AS.
• Supports WM&AS vendor and third-party risk oversight by assisting with due diligence, issue escalation, contract and control monitoring, documentation, and coordination with enterprise vendor management resources.
• Recommends and helps drive process, control, policy, procedure, reporting, issue management, and governance improvements designed to strengthen the WM&AS fiduciary, risk, compliance, and control environment.
• Establishes and maintains regular communication with WM&AS employees, outsource partners, and corporate oversight functions to obtain information needed to…