Enterprise Risk Management - Senior Vice President

Enterprise Risk Management – Senior Vice President

Department: Risk Services

Location(s): New York City, NY / Greenwich, CT

iCapital is powering the world’s alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, and banks evaluate and recommend bespoke public and private market strategies for their high-net-worth clients. iCapital services, approximately $218 billion in global client assets invested in 1,760 funds, as of January 2025.

iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2024); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023); and a four-time winner of MMI/Barron’s Solutions Provider award (See link below). 

About the Role

iCapital is seeking a Senior Vice President to lead the Enterprise Risk Management program and oversee a small team of risk professionals. Reporting to the Head of Risk Services, the Enterprise Risk Management lead will spearhead and execute the company’s governance, risk, and compliance framework, focusing on operational risks stemming from the company’s technology-driven solutions and its alternative investment, structured notes, and annuities offerings. This position will collaborate with senior leadership and cross-functional teams to drive risk governance and cultivate a culture of risk awareness and accountability.

The ideal candidate will excel in navigating a complex stakeholder landscape while managing concurrent tactical and strategic initiatives. They will possess the ability to conceive, design, and develop an enterprise risk management strategy while simultaneously leading multi-disciplinary project teams. This individual will have first-hand experience building programs while understanding the symmetry between the business and the risk, security, and resilience disciplines. To be successful in this role, they will be required to roll up sleeves and get stuff done.

Responsibilities

• Lead and enhance the enterprise risk management program, ensuring it aligns with the company's strategic objectives.
• Develop and maintain a comprehensive suite of risk policies, procedures, and methodologies to identify, assess, monitor, and control risks.
• Manage the development and maintenance of corporate policies to ensure they are control and standards focused.
• Manage risk governance committees and working groups to ensure effective risk management practices.
• Manage risk appetite and risk limits for operational risk, ensuring they are communicated and adhered to across the organization.
• Identify, evaluate, and prioritize operational risks across the organization in collaboration with the first line of defense.
• Maintain a risk register with key risks ranked by relevance (e.g., Top 10, Top 50) and ensure they are effectively managed and operationalized across business efforts.
• Lead educational efforts to promote risk awareness across the firm and ensure the first line of defense is equipped to manage risk appropriately.
• Develop and implement mechanisms for issue, complaint, and incident reporting to identify errors and remediate root causes.
• Develop key risk indicators (KRIs) and other metrics to measure and monitor operational and enterprise risks.
• Collaborate with internal audit to address risk-related issues and findings and prioritize control testing activities.
• Work with risk owners to oversee the development and implementation of risk mitigation strategies and control measures.
• Monitor and report on operational risk trends, issues, and mitigation efforts to senior management and relevant stakeholders.
• Prepare regular risk reports for senior management, board committees, and regulators, providing insights into the organization’s risk profile and the effectiveness of risk management practices.
• Ensure compliance with regulatory requirements and industry best practices related to risk management.

Qualifications

• 15-20+ years of relevant experience in operational and enterprise risk management within FinTech or financial services (e.g., Banking, Investment Services, Advisory Services, Wealth and Asset Management) leading significant risk management roles and building risk management programs.
• Natural leader with a strong work ethic, resourceful disposition, and solutions-oriented mindset with interpersonal skills that enhance partner capacity
• Adaptable and entrepreneurial; a willingness to roll up sleeves and get stuff done
• Exceptional organizational, time management, and written and verbal communication skills
• Extensive knowledge of operational risk and enterprise risk management, internal controls, internal audit, and regulatory compliance frameworks.
• Track record of working with c-suite management, executive teams, and governance boards.
• Bachelor’s degree required. Master’s degree a plus.
• Certified Enterprise Risk Professional (CERP), Certified Risk Management Professional (CRMP), Financial Risk Manager (FRM), Business Continuity Professional (CBCP), or equivalent certifications preferred.

Benefits

The base salary range for this role is $200,000 to $230,000.  iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us  Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

iCapital is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.