Head of Enterprise Risk

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Cambridge Associates (CA) is a leading global investment firm, providing investment management services across North America, the United Kingdom, Europe, Asia, and Oceania. CA’s goal is to help endowments & foundations, pension plans, and ultra‑high net worth private clients implement and manage custom investment portfolios that generate out performance, maximizing their impact on the world.

Cambridge Associates (CA) has been at the forefront of innovative investment portfolio strategies for over 40 years. Headquartered in Boston and with offices across the world, CA provides investment management services to clients around the globe.

We are currently seeking a Head of Enterprise Risk to lead our risk management function globally. The Head of Enterprise Risk is responsible for executing on and maintaining CA’s risk management framework. The role requires highly developed leadership, collaboration, and business skills. Working in partnership with the Chief Compliance Officer and our business‑line risk professionals, the Head of Enterprise Risk works to assure that both internal and external risks to CA are identified, mitigated, and monitored, creating an environment of trust with our clients and our colleagues.

At CA, Enterprise Risk provides valuable and influential risk insight and measurements to support strategy, governance, and operations, in alignment with the firm’s Management. The Head of Enterprise Risk reports to the Chief Legal Officer and to the audit and Risk Committee of the Board of Managers.

• Setting the direction and the pace for the implementation of processes and practices across CA in alignment with Management and regulatory and Board expectations, while promoting a risk culture that enables the business to accomplish both strategic and tactical goals in an environment where risks are mitigated and monitored.
• Leading the Enterprise Risk Management team to provide proactive risk advisory and assessment services, including delivery assurance focused on top strategic initiatives, to address risk issues that could potentially impact the firm’s strategic direction and/or operational effectiveness.
• Providing quarterly Enterprise Risk Reports to Management and to the Audit and Risk Committee, inclusive of any critical findings, with targeted, actionable recommendations.
• Serving as a lead member of the Enterprise Risk and Compliance Committee, our global risk committee, with responsibility for recommending remediations, directing further assessment of functions or process assessments, and escalating significant risks to Management for resolution.
• Serving as the firm’s second line of defense alongside the Chief Compliance Officer, with ownership for identifying, escalating, and resolving enterprise risks. Ensuring that business units are accountable for timely risk reporting, mitigation, and monitoring and ensuring all incidents and control failures are reported and on track for remediation.
• Engaging with first‑line risk colleagues to identify and mitigate risks that may impinge upon our regulatory status, competitive position or our strategic objectives.
• Ensuring the execution of risk mitigation strategies across all client‑facing and support functions, holding business leaders accountable for implementing required controls and corrective actions.
• Ensuring the effective execution of regional risk frameworks and respective risk committees, including reporting and issue resolution.
• Owning the deployment and optimization of the firm’s GRC (Governance, Risk and Compliance) tool to establish proactive, real‑time visibility, monitoring and assessment of risks across all aspects of our business.
• Owning and executing the Enterprise Risk Plan, ensuring that resources are deployed strategically and that priorities align with the top risk areas as identified through business area risk workshops and risk assessments.
• Leading the governance and evolution of the firm’s Risk Taxonomy, driving a common risk language and a shared understanding of both ongoing and emerging…