Business Unit:

Compliance, Risk and Internal Audit

Reporting To:

Director, Operational Risk

Shift:

EMEA (1:30 pm - 10:30 pm IST) (India)

About Russell Investments, Mumbai:

Russell Investments is a leading outsourced financial 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 88-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 has over $1 trillion in assets under advisement (as of December 31, 2023) and $302.7 billion in assets under management (as of March 31, 2024). Headquartered in Seattle, Washington in the United States, Russell Investments has offices around the world, including London, New York, Toronto, Sydney, Tokyo, Shanghai, and Mumbai.

Joining the Mumbai office is an incredible opportunity to work closely with global stakeholders to support the technology and infrastructure that drives the investment and trading processes of a globally recognized asset management firm. Be part of the team based out of Goregaon (East) and contribute to the foundation and culture of the firm’s growing operations in India. The Mumbai office operates with varying shifts to accommodate time zones around the world.

For more information, please visit https://www.russellinvestments.com.

Job Description:

Russell Investments is seeking a Third-Party Risk Management Analyst to support the maintenance of our company’s third-party risk management initiatives for the Global Risk Management (GRM) team. The Third-Party Risk Management Analyst oversight function is responsible for supporting the development of program standards and monitoring adherence to the standards. This role involves collaborating with various subject matter experts to ensure effective oversight and compliance with the third-party risk management program.

Years of Experience

3-5 years of experience in operational risk management or third-party risk management in the financial services industry.

Qualifications

• Bachelor’s degree in Business Administration, or related field

• Strong analytical and problem-solving skills

• Excellent communication and interpersonal skills

• Ability to work independently and as part of a team

• Knowledge and understanding of the asset management business
  

Responsibilities

• Contribute to the maturity and implementation of the Third-Party Risk Management program.

• In coordination with the third-party relationship managers in the first line of defense, establish and maintain agreed upon and documented service level goals which clearly define services provided, realistic expected levels of service, and methods of measurement of those service levels.

• Monitor service provider performance and risk metrics, providing regular reports to management and relevant stakeholders.

• Working with the third-party relationship managers, identify potential areas of improvement, develop action plans to implement the improvements, and measure the results of these efforts.

• Perform risk assessments on current and prospective third parties to identify operational risks and ensure compliance with company policies.

• Facilitate communication between external service providers and internal teams to address risk-related issues and ensure alignment with business objectives as needed.

• Assist in the creation of third-party risk management documentation, including policies, procedures, and guidelines.

• Participate in third-party provider audits and reviews to evaluate adherence to contractual agreements and regulatory requirements.

• Provide training and guidance to business units on third-party risk management best practices.

• Stay up to date with industry trends and regulatory changes affecting third-party risk management.
  

Candidate Requirements

• Ability to interpret regulatory requirements and provide informed analysis and recommendations, including risk assessments.
  

Core Values

• Strong interpersonal, oral, and written communication and collaboration skills with all levels of management.

• Strong organizational skills including the ability to adapt to shifting priorities and meet frequent deadlines.

• Demonstrated proactive approach to problem-solving with strong judgment and decision-making capability.

• Highly resourceful and collaborative team-player, with the ability to also be independently effective and exude initiative and a sense of urgency.

• Exemplifies our customer-focused, action-oriented, results-driven culture.

• Forward looking thinker, who actively seeks opportunities, has a desire for continuous learning, and proposes solutions.

• Ability to act with discretion and maintain complete confidentiality.

• Dedicated to the firm’s values of non-negotiable integrity, valuing our people, exceeding client expectations, and embracing intellectual curiosity and rigor.