Oaktree is a leader among global investment managers specializing in alternative investments, with $100 billion in assets under management as of March 31, 2017. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide.
For additional information please visit our website at www.oaktreecapital.com.
The Assistant Vice President of Operational Risk Management will be responsible for the development, implementation, coordination, execution and ongoing maintenance of Oaktree’s global Operational Risk Management framework. This includes facilitation of an annual firm-wide self-assessment, root cause analysis of operational events, and identification of operational risk trends. The job involves framing the program and educating the business staff on the process of operational risk and control identification and ongoing awareness of operational changes that introduce new risks or have impact on existing risks and controls. The individual will work directly with all major business and support functions and investment teams to help identify, assess, and mitigate operational risks across Oaktree’s business. The individual may also have limited client and regulatory contact in cases where Oaktree is asked to provide information on the Operational Risk framework. Candidates should be comfortable challenging the assumptions and conclusions of senior individuals while maintaining constructive relationships with management.
A key responsibility will be to develop a standardized risk assessment program that can be utilized for self-assessment and risk assessment processes across the firm. This would include developing a standard risk taxonomy and toolkit. Ideally this tool kit could also be utilized for Internal Audit risk assessment purposes.
The individual should be willing to think outside of the box and be willing to work alongside Internal Audit and find ways to avoid duplication while sharing mutually beneficial risk information. The individual should also be open to working on projects outside of ORM.
Bachelor’s degree is required.
Operational Risk Manager certificate from PRMIA or similar, preferred.