The Role

　　Lord, Abbett & Co. LLC is looking to hire an Operational Risk Associate who will report to the Operational Risk Officer. The candidate is expected to have an analytical mind, a self-motivated attitude, enthusiasm to learn, and team-oriented mentality. This role will support the Designated Person for Fund Risk and Operational Risk in meeting the requirements of their managerial function as defined under CP86. This role is within the Enterprise Risk Management team and as such the successful candidate will also support the team in its execution of Lord Abbett’s Enterprise Risk Management Framework with the intent of managing risks to help minimize losses and ensure operational resilience across the enterprise. This individual would sit under the “Second Line of Defense”, providing objective oversight and coordinating risk management activities with business owners.

　　We’ll trust you to:

　　Oversee the managerial functions on a day-to-day basis in line with the Business Plan and the UCITS regulations. Review monthly reporting from the service providers and investigate any necessary matters Escalate any material issues to the Risk Officer, Regulatory Compliance & Head of Dublin Office and assist in the resolution of such issues Participate in due diligence visits to the service providers Review relevant policies and procedures and recommend any necessary changes Monitor the performance of the service providers in line with the SLAs in place Be actively involved in ad-hoc projects/changes that will impact the funds and Lord AbbettThe other duties may include:

　　Assist the business units with annual and targeted operational risk assessmentsProvide value-add and input around operational and emerging risks Ensure risks have been properly identified, challenged, measured, and monitored by the business unit Perform control testing to validate the effectiveness of the mitigating controls and action plansConduct issue management (identify root cause, resolutions, and action items)Link operational risk events back to risk assessments and report material and ongoing trends to senior management Collaborate with various business units to perform operational due diligence on New Product/New Business proposalsParticipate in and assist with all third-party audits (e.g., SOC 1 Type 2) in establishing the scope, addressing the findings, and ultimately ensuring that any identified weaknesses are incorporated in the business unit’s respective operational risk assessmentKeep up with industry trends and focus areasAssist with and coordinate responses to RFP and DDQ requests

　　You'll need to have:

　　Prospective candidates should possess certain qualities, abilities, experience, and knowledge to prove that you will be able to succeed in achieving the obligations, purpose, and objectives of the role.  Such as,

　　Education: Employer seeks individuals with a minimum of a bachelor’s degreeProfessional Experience: 5+ years of relevant experience in either operational risk management and/or asset management operations; familiarity with operational risk frameworks (risk assessments, risk classification, risk metrics, and issue management) is a plusExcellent Communication & Relationship Management Skills: In executing their duties, this role must communicate with various audiences, including business leaders, clients, team members, etc. It is important that they have great verbal communication skills to convey information to the relevant audience, as well as exceptional written communication, documentation, and reporting skillsAnalytical & Troubleshooting Skills: It is essential this role can quickly spot trends and themes and present them in an articulate manner to senior management. This role should have the necessary skills to constantly monitor operational processes to identify emerging gaps or issues and proactively work with business units to execute changesIn depth knowledge of a registered investment advisor business across most sectorsStrong familiarity with technology and operational processesThird-Party Risk Management Oversight experience preferred

　　Why Lord Abbett?

　　Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility. This inspires the three pillars of our culture.

　　Principles-Led - We empower our leaders to create an environment of trust.Performance-Oriented - We inspire our people to embody our values, excellence, responsibility, transparency & collaboration.Purpose-Driven - Embraces our mission: Securing a sustainable future for our clients, people, and world.We are honored to have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments and scored 100% on the Human Rights Campaign’s Corporate Equality Index, a measure of LGBTQ+ workplace equality.  

　　Benefits: Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans. To learn more about what we offer, please visit Careers | Lord Abbett

　　Lord Abbett is an equal employment opportunity employer. We are committed to providing equal employment opportunities to all qualified individuals without regard to the following legally protected characteristics: race, color, religion, sex, pregnancy, national origin, age, physical or mental disability, marital status, sexual orientation, sexual identity, caregiver status, military/veteran status, or any other characteristic protected by local, state or federal law. All employment decisions at Lord Abbett are based solely on the applicant’s relevant experience, skills and qualifications.