Soros Fund Management

Operational Risk Manager

New York
Full-time
$200,000-225,000
Posted Sep 16, 2026

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Skills

Communication
Teamwork
Writing

Job description

Operational Risk – Operational Risk Manager

Company Overview

Soros Fund Management LLC (SFM) is a global asset manager and family office founded by George Soros in 1973. With

$28 billion in assets under management (AUM), SFM serves as the principal asset manager for the Open Society

Foundations, one of the world’s largest charitable foundations dedicated to advancing justice, human rights, and

democracy.

Distinct from other investment platforms, SFM thrives on agility, acting decisively when conviction is high and exercising

patience when it’s not. With permanent capital, a select group of major clients, and an unconstrained mandate, we

invest opportunistically with a long-term view in a wide range of strategies and asset classes, including public and

private equity and credit, fixed income, foreign exchange, and alternative assets. Our teams operate with autonomy,

while cross-team collaboration strengthens our conviction and empowers us to capitalize on market dislocations.

At SFM, we foster an ownership mindset, encouraging professionals to challenge the status quo, innovate, and take

initiative. We prioritize development, enabling team members to push beyond their roles, voice bold ideas, and

contribute to our long-term success. This culture of continuous growth and constructive debate fuels innovation and

drives efficiencies.

Our impact is measured by both the returns we generate and the values we uphold, from environmental stewardship to

social responsibility. Operating as a unified team across geographies and mandates, we remain committed to our

mission, ensuring a meaningful, lasting impact.

Headquartered in New York City with offices in Greenwich, Garden City, London, and Dublin, SFM employs 200

professionals.

Team Overview

The role of the Operational Risk team at SFM is to establish governance and a framework that is fit for purpose, scaled to

SFM’s mandate and complexity, embedding rigor where it drives better outcomes. The approach is anchored in informed

risk taking (not risk elimination), ensuring risks are clearly understood, quantified where possible, appropriately owned

and accepted. This team sits within the organization’s broader risk function, reporting to the Chief Risk Officer.

Job Overview

In this newly established role, we're seeking an experienced operational risk professional with 8 – 10 years of experience

to support the Head of Operational Risk in operating and strengthening the Firm's operational risk program. This is a

business-facing role focused on understanding how the organization works, identifying material risks, and developing

practical, commercial risk solutions, in partnership with the business; while also owning the risk reporting that gives

management visibility into the program, and contributing input and recommendations on the broader framework,

documentation, and methodology as it evolves. This role will suit a candidate with a mix of first-line and second-line

experience, giving them credibility and perspective on both sides of the table.

Major Responsibilities

•   Risk Identification & Assessment - Partner with the business to identify and assess operational risks, distinguishing

material risks from process weaknesses, and maintain the risk register.

•   Incident & Issue Management - Own the Firm's incident reporting process end-to-end, ensuring timely capture and

assessment, challenging root causes, and tracking themes across the program.

•   Risk Reviews & Process Assessments - Conduct targeted reviews of processes and controls, assessing what could go

wrong and how risk is managed, and deliver practical, commercial recommendations to the Head of OR.

•   Remediation & Enhancement Tracking - Oversee remediation actions, tracking ownership, target dates, and status,

while challenging whether proposed actions address root causes.

•   Risk Reporting - Own operational risk reporting (incidents, risk indicators, remediation status, and trends), ensuring

it is decision-useful for management.

•   AI Enablement in Risk Management - Identify and help implement responsible AI use within the risk program, from

risk identification to reporting, with appropriate documentation and governance.

•   Stakeholder Engagement - Build trusted relationships across the Firm, influence without formal authority, and

reinforce a culture of risk awareness and transparency.

•   Background Check Program - Support administration and oversight of the Firm's background check program,

including coordinating checks and maintaining records.

What We Value

•   Analytical & Critical Thinking - Identifies underlying causes and patterns, and distinguishes material issues from less

significant ones.

•   Curiosity & Investigative Mindset - Naturally inquisitive; asks thoughtful follow-up questions and digs into issues to

understand what happened and why.

•   Risk Identification & Risk Awareness - Understands business activities, assesses risk materiality, and translates

stakeholder discussions into proportionate process or control improvements.

•   Sound Judgment - Assesses the significance of issues, knows when escalation is warranted, and balances risk

mitigation with practical business needs.

•   Strong Communication Skills - Communicates risk matters clearly and concisely, verbally and in writing, translating

detail into management-level reporting.

•   Stakeholder Management & Collaboration - Builds credibility and productive relationships across groups, including

the ability to provide constructive challenge.

•   Data & Reporting Capabilities - Comfortable working with data and reporting tools to identify trends, develop risk

indicators, and translate information into actionable insights.

•   Ownership & Initiative - Self-motivated and comfortable operating with a high degree of autonomy, proactively

identifying where further analysis or improvement is warranted.

•   Adaptability - Comfortable working across a broad range of risk topics and taking on evolving priorities and special

projects as needed.

We anticipate the base salary of this role to be between $200,000-225,000. In addition to a base salary, the successful candidate will also be eligible to receive a discretionary year-end bonus. SFM also offers eligible employees a benefits package that includes health insurance, life and disability insurance, retirement benefits, paid leave and other employee benefit programs, subject to applicable eligibility requirements and the terms of the relevant plans and policies.

In all respects, candidates need to reflect the following SFM core values:

Smart risk-taking // Owner’s Mindset // Teamwork // Humility // Integrity