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Assistant Vice President, Operational Risk Management

Oaktree is a leader among global investment managers specializing in alternative investments, with over $203 billion in assets under management The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1400 employees and offices in 25 cities worldwide.

We are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought. Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture.

For additional information please visit our website at

www.oaktreecapital.com

Responsibilities

The Operational Risk Management (ORM) team helps to identify non-investment risk across Oaktree globally, contributing to continuous operational improvement. ORM partners with Oaktree professionals globally to continually assess and enhance the risk and control environment.

Oaktree is seeking an Assistant Vice President to work closely with the Senior Vice President and Vice President in ORM, and be responsible for aiding in the implementation, coordination, execution and continued enhancement to Oaktree’s global Operational Risk Management framework, with a specific focus on Oaktree’s international offices.

The individual will work directly with all major businesses, operational 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.

Key responsibilities include, but are not limited to:

Risk and Control Assessment: Facilitate risk and control assessments to identify potential risks and implement effective controls, validating remediation of operational risk exposure and related control gaps.
Root Cause Analysis: Conduct root cause analysis of operational events and develop strategies to mitigate future risks.
Governance: Lead risk management presence and content in governance forums, ensuring comprehensive oversight and identification of operational risk trends.
Risk Reporting: Preparing and presenting detailed risk reports / dashboards / metrics to senior management and stakeholders, highlighting key risk areas and recommended actions.
Trend Analysis: Identify and analyze operational risk trends to inform strategic decision-making.
Relationship Management: Build effective working relationships with internal stakeholders.
Continuous Improvement: Providing thoughtful and collaborative leadership promoting risk transparency and business unit-level ownership and accountability over operational risk and control environments, fostering continuous improvement.
Risk Aware Culture: Promoting Oaktree’s risk aware culture, serving as the subject matter expert on operational risk initiatives. Identifying, initiating, and fostering relationships with business and operational partners to promote a culture of continuous improvement, driving constructive communication with the ORM team.
Regulatory Compliance: Ensuring compliance with relevant jurisdictional regulatory requirements, expectations and industry standards related to risk management e.g., risk appetite statements, ICAAP, IRAP.

Education

Bachelor’s degree required.

Experience:

8-14 years of operational risk management, enterprise risk management and/or related experience required; experience in the investment management industry preferred.

Equal Opportunity Employment Policy

Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.

For positions based in Los Angeles

For those applying for a position in the city of Los Angeles, the firm will consider for employment qualified applicants with a criminal history in a manner consistent with applicable federal, state and local law.

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