Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.
Job Description:
Every day, we seek to improve financial security for people.
As part of our continued efforts to enhance risk management practices, we are seeking a highly motivated, intellectually curious, and results-oriented Associate Manager, Operational Risk to join our Operational Risk Management team. This role is ideal for an energetic professional who thrives in a fast-paced environment, demonstrates strong critical thinking skills, and brings a high level of ownership, intensity, and organizational discipline to complex risk and project management initiatives.
As a member of the Operational Risk team, you’ll be part of a collaborative and purpose-driven group that values integrity, innovation, and impact. This role blends core risk management responsibilities with hands-on project leadership, offering a unique opportunity to shape and strengthen our operational resilience.
Responsibilities
Conduct and facilitate operational risk activities, including risk assessments, control documentation and testing, event analysis, and remediation tracking.
Lead and coordinate cross-functional projects, ensuring timely delivery of risk initiatives through effective planning, execution, and stakeholder engagement.
Develop and maintain project plans, including scope definition, milestone tracking, and status reporting.
Produce timely and accurate operational risk reports for internal and external stakeholders on both scheduled and ad hoc bases.
Facilitate the SOC1 audit engagement and oversight as well as the quarterly bridge letter process.
Support the Russell Investments corporate insurance program.
Monitor changes to RI's business and risk profile and recommend changes to RI's global insurance program as appropriate.
Develop and implement risk management program policies and procedures.
Demonstrable skills and required experience:
Bachelor’s degree in Business Management, Finance, Accounting, or a related discipline.
5-8 years of experience with exposure to operational risk and/or internal/external audit.
Financial services or asset management experience preferred but not necessary.
Skills & Competencies
Critical Thinking & Problem Solving
Exceptional critical thinking and analytical skills, with the ability to assess complex situations, identify root causes, challenge assumptions, and develop practical, risk-based solutions.
Demonstrated ability to synthesize large amounts of information, connect disparate issues, and make sound decisions in ambiguous or evolving environments.
Energy, Drive & Intensity
High-energy, self-motivated professional who demonstrates urgency, resilience, and a strong bias toward action and execution.
Proven track record of taking initiative, driving projects forward, overcoming obstacles, and delivering results with limited supervision.
Organization & Execution
Highly organized with exceptional planning and prioritization skills; able to effectively manage multiple competing priorities without sacrificing quality or attention to detail.
Strong project execution capabilities, including the ability to anticipate challenges, proactively manage dependencies, and consistently meet deadlines.
Leadership & Influence
Confident communicator who can effectively challenge the status quo, ask thoughtful questions, and influence stakeholders across varying levels of the organization.
Demonstrates executive presence, accountability, and ownership when leading cross-functional initiatives and driving risk management outcomes.
The successful candidate will be intellectually curious, highly organized, and energized by solving complex business problems. They will demonstrate strong business judgment, a proactive mindset, and the ability to balance strategic thinking with disciplined execution in a demanding environment.
This role is not eligible for employment-based immigration sponsorship. Applicants must be legally authorized to work in the United States without employer sponsorship, now or in the future.
Equal Employment OpportunityRussell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.
Skills Required
- Bachelor's degree in Business Management, Finance, Accounting, or related discipline
- 5-8 years of experience with operational risk and/or internal/external audit
- Financial services or asset management experience preferred
Russell Investments Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Russell Investments and has not been reviewed or approved by Russell Investments.
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Leave & Time Off Breadth — Time off starts at 20 days of vacation in year one (rising to 25 after four years) plus 10 paid holidays and nine sick days, which provides substantial leave coverage. Backup childcare and other leave supports add practical flexibility for life events.
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Retirement Support — A 401(k) company match up to 5% of eligible base salary, alongside access to select Russell Investments funds, offers a meaningful foundation for long‑term savings. This structure provides clear, predictable retirement support.
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Wellbeing & Lifestyle Benefits — Comprehensive medical coverage, employer HSA contributions, a Lifestyle Spending Account, and Modern Health access (10 counseling and 10 coaching sessions per year) strengthen overall wellbeing. These elements enhance total‑compensation value beyond base pay.
Russell Investments Insights
What We Do
Russell Investments is a leading outsourced CIO (OCIO) partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 87-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm is the world’s sixth-largest investment adviser, with $1 trillion in assets under advisement (as of June 30, 2022) and $288.3 billion in assets under management (as of March 31, 2023) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 19 cities around the world, including London, New York, Toronto, Sydney, Tokyo, and Shanghai.
