The Role
Lead enterprise operational risk control assurance testing across the firm. Build testing frameworks, document processes and controls, evaluate effectiveness, identify gaps and failures, manage remediation tracking, develop risk dashboards, and produce enterprise and corporate risk reporting. Collaborate with risk leads, technical and business stakeholders, and senior leadership while managing projects, schedules, meetings, and consensus-building.
Summary Generated by Built In
Position Summary
Two Sigma is a leading quantitative investment management and trading firm. The company applies a scientific approach to investing, combining cutting-edge technology, artificial intelligence, data science, and quantitative research with rigorous human inquiry to capitalize on market opportunities and deliver alpha for investors.
Our team of engineers, quantitative researchers and data scientists looks beyond the traditional to test hypotheses and develop creative solutions to some of the world's most complex economic problems.
The Enterprise Risk Management ("ERM") function is responsible for building and implementing frameworks/processes to identify, assess, prioritize, mitigate, and report on operational risks across the business. The ERM function will facilitate a centralized approach to managing the firm's operational risks, collaborating with the relevant teams across modeling, engineering and corporate functions to mitigate identified risks. ERM will strive to promote and foster a culture of operational risk awareness, accountability, continual improvement, and transparency within TSIM. This will include providing reporting on operational risks and mitigants to control functional leadership, business area heads, and senior leadership.
We are seeking a motivated and meticulous operational risk professional to lead and manage Two Sigma-Wide operational and organizational risk. Candidates should be strong problem solver with critical thinking abilities, possess strong relationship management skills, have the ability to manage and prioritize multiple tasks, and takes a collaborative approach to team engagement. If you are passionate about joining a fast-paced, dynamic team, we'd love to meet you!
You will take on the following responsibilities:
You should possess the following qualifications:
You will enjoy the following benefits:
The base pay for this role will be between $125,000 and $175,000. This role may also be eligible for other forms of compensation and benefits, such as a discretionary bonus, health, dental and other wellness plans and 401(k) contributions. Discretionary bonus can be a significant portion of total compensation. Actual compensation for successful candidates will be carefully determined based on a number of factors, including their skills, qualifications and experience.
We are proud to be an equal opportunity workplace. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity/expression, age, status as a protected veteran, status as an individual with a disability, or any other applicable legally protected characteristics.
Two Sigma is committed to providing reasonable accommodations to qualified individuals in accordance with applicable federal, state, and local laws.
If you believe you need an accommodation, please visit our website for additional information.
Two Sigma is a leading quantitative investment management and trading firm. The company applies a scientific approach to investing, combining cutting-edge technology, artificial intelligence, data science, and quantitative research with rigorous human inquiry to capitalize on market opportunities and deliver alpha for investors.
Our team of engineers, quantitative researchers and data scientists looks beyond the traditional to test hypotheses and develop creative solutions to some of the world's most complex economic problems.
The Enterprise Risk Management ("ERM") function is responsible for building and implementing frameworks/processes to identify, assess, prioritize, mitigate, and report on operational risks across the business. The ERM function will facilitate a centralized approach to managing the firm's operational risks, collaborating with the relevant teams across modeling, engineering and corporate functions to mitigate identified risks. ERM will strive to promote and foster a culture of operational risk awareness, accountability, continual improvement, and transparency within TSIM. This will include providing reporting on operational risks and mitigants to control functional leadership, business area heads, and senior leadership.
We are seeking a motivated and meticulous operational risk professional to lead and manage Two Sigma-Wide operational and organizational risk. Candidates should be strong problem solver with critical thinking abilities, possess strong relationship management skills, have the ability to manage and prioritize multiple tasks, and takes a collaborative approach to team engagement. If you are passionate about joining a fast-paced, dynamic team, we'd love to meet you!
You will take on the following responsibilities:
- Collaborate in building a framework for performing control assurance testing for key business processes across the firm
- Conduct control assurance testing, documenting current process and controls, testing control effectiveness and drive primary responsible for identifying controls gaps and/or control failures
- Project management - managing collaborators with diverse agendas, driving meetings, developing consensus, handling project schedules, and applying standard processes of project management.
- Partner with the operational risk leads to manage and track status of remediation efforts to ensure continuous progress is being made
- Build out reporting/dashboard infrastructure to provide operational risk metrics
- Generate and distribute reporting and metrics for TS-Wide and Corporate risk
You should possess the following qualifications:
- 8+ years of in-depth knowledge of risk management frameworks, methodologies, and standard processes including application in the context of a large financial institution.
- Ability to align operational risk management strategies with the organization's overall goals and objectives.
- This role requires both "big-picture" thinking and "in-the-weeds" analysis/delivery skills
- Experience coordinating control testing engagements, with a preference for working familiarity with coding and technology to engage both technical and business stakeholders.
- Ability to think critically and creatively to identify potential risks and develop mitigation strategies.
- Excellent verbal and written communication skills to effectively convey risk-related information to stakeholders at all levels.
- Excellent problem-solving and analytical abilities, attention to detail, is self-motivated, and the ability to work collaboratively in a fast-paced team environment
You will enjoy the following benefits:
- Core Benefits: Fully paid medical and dental insurance premiums for employees and dependents, competitive 401k match, employer-paid life & disability insurance
- Perks: Onsite gyms with laundry service, wellness activities, casual dress, snacks, game rooms
- Learning: Tuition reimbursement, conference and training sponsorship
- Time Off: Generous vacation and unlimited sick days, competitive paid caregiver leaves
- Hybrid Work Policy: Flexible in-office days with budget for home office setup
The base pay for this role will be between $125,000 and $175,000. This role may also be eligible for other forms of compensation and benefits, such as a discretionary bonus, health, dental and other wellness plans and 401(k) contributions. Discretionary bonus can be a significant portion of total compensation. Actual compensation for successful candidates will be carefully determined based on a number of factors, including their skills, qualifications and experience.
We are proud to be an equal opportunity workplace. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity/expression, age, status as a protected veteran, status as an individual with a disability, or any other applicable legally protected characteristics.
Two Sigma is committed to providing reasonable accommodations to qualified individuals in accordance with applicable federal, state, and local laws.
If you believe you need an accommodation, please visit our website for additional information.
Skills Required
- 8+ years of experience with risk management frameworks, methodologies, and standard processes, preferably in a large financial institution
- Ability to align operational risk management strategies with organizational goals and objectives
- Experience coordinating control testing engagements
- Working familiarity with coding and technology to engage technical and business stakeholders
- Critical and creative thinking to identify potential risks and develop mitigation strategies
- Excellent verbal and written communication skills
- Excellent problem-solving and analytical abilities
- Strong attention to detail and ability to work collaboratively in a fast-paced environment
Two Sigma Compensation & Benefits Highlights
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Strong & Reliable Incentives — Compensation packages for technical roles include substantial performance-based bonuses that create notable upside potential. This structure is described as a key reason total pay feels strong, particularly versus mainstream technology roles.
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Healthcare Strength — Healthcare is described as premium-free for employees and eligible dependents, complemented by life and disability coverage. This comprehensive offering is frequently highlighted alongside positive views of the broader benefits package.
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Parental & Family Support — Support includes financial assistance for family building, paid leave for caregivers, additional bonding time, and backup or discounted in-home childcare in some locations. These programs are presented as a meaningful part of the overall benefits.
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The Company
What We Do
Two Sigma is a leading quantitative investment management and trading firm with more than $80 billion in assets under management. The company applies a scientific approach to investing, combining cutting-edge technology, artificial intelligence, data science, and quantitative research with rigorous human inquiry to capitalize on market opportunities and deliver alpha for investors. Founded in 2001, Two Sigma employs over 1,700 curious minds at its headquarters in New York and in offices around the globe.
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Two Sigma Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Typical time on-site:
Flexible