Chief Risk Officer POST NUMBER: 431253
Key Responsibilities:
- Leadership and Collaboration:
- Build and lead the risk management team, fostering a culture of proactive risk awareness.
- Collaborate with other departments to ensure risk management is integrated into the firm’s decision-making processes.
- Reporting and Communication:
- Present risk assessments and mitigation strategies to the Board of Directors and senior management.
- Develop regular risk reports and dashboards for internal and external stakeholders.
- Regulatory Compliance:
- Ensure adherence to all applicable regulatory requirements and manage relationships with regulatory bodies.
- Stay informed of regulatory changes and assess their impact on the firm.
- Operational Risk:
- Evaluate and enhance controls across operational processes to minimize exposure to fraud, errors, or inefficiencies.
- Lead efforts in identifying emerging operational risks and implementing preventative measures.
- Investment Risk Oversight:
- Collaborate with investment teams to monitor portfolio risks and ensure alignment with the firm's risk tolerance and investment strategies.
- Utilize advanced analytical tools to measure and report investment exposures and stress scenarios.
- Risk Management Framework:
- Develop, implement, and maintain a comprehensive risk management framework tailored to Ark Investments’ business model.
- Establish policies and procedures to identify, assess, monitor, and manage risks effectively.
- Bachelor’s degree in Finance, Economics, or a related field; advanced degree or professional certifications (e.g., CFA, FRM, PRM) preferred.
- Demonstrated ability to build and lead high-performing teams.
- Excellent communication skills, with the ability to articulate complex risk concepts to diverse audiences.
- Strong analytical skills and experience with risk modeling tools and systems.
- Deep understanding of investment strategies, financial markets, and regulatory environments.
- Proven experience (10 years) in risk management within the investment or financial services industry, with at least 5 years in a leadership role.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.