Operational Risk Manager - Private Credit

We are partnering with a leading global asset manager seeking to add a First Line Risk Manager to support its growing private credit platform. This individual will sit directly within the business and act as a key risk partner, helping to ensure that investment activities are executed within a well‑controlled and forward‑thinking risk environment.

This role offers the opportunity to work closely with investment, portfolio management, and product teams across both liquid and private credit strategies, providing hands‑on risk oversight while enabling new business initiatives and product expansion.

Key Responsibilities

• Serve as a primary point of contact for first line risk and control matters across the private credit business, working closely with investment and operational teams
• Oversee and enhance the risk and control framework, including ownership of RCSAs, control inventories, and ongoing monitoring activities
• Support pre‑ and post‑trade investment processes, ensuring adherence to internal guidelines, mandates, and applicable risk policies
• Lead targeted risk assessments and control reviews, identifying gaps and partnering with the business to implement practical, scalable solutions
• Evaluate risks associated with new products, transactions, and strategic initiatives, ensuring appropriate controls are designed and embedded from inception
• Manage and investigate operational risk events and control breaches, conducting root cause analysis and driving remediation efforts
• Contribute to ongoing risk reporting and governance, including preparation of materials for senior stakeholders and risk committees
• Partner with second line risk functions to ensure alignment with the broader enterprise risk framework while maintaining ownership within the first line

Candidate Profile

• 4-8 years of experience in first line operational risk, business risk, or controls within financial services
• Demonstrated experience working in credit, lending, fixed income, or private markets businesses, ideally within an asset manager or investment platform
• Strong working knowledge of RCSA frameworks, control testing, issues management, and operational incident handling
• Familiarity with private credit, direct lending, CLOs, or leveraged finance is highly preferred
• Proven ability to partner with front‑office or investment teams, balancing risk management with commercial objectives
• Strong analytical mindset with the ability to assess complex processes and translate risks into actionable solutions
• Excellent communication skills, with confidence interacting with stakeholders across levels and functions