Investment Management Risk Associate


Date: Jan 19, 2023

Location: New York, NY, US

Company: New York Life Insurance Co

Location Designation: Hybrid 



When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.



The Senior Associate position is within the Asset Management Risk Team which is part of New York Life’s Office of Risk Management. The Asset Management Risk Team is responsible for the oversight of the enterprise risk framework for New York Life Investments which includes traditional and alternative asset managers. The team provides leadership in the formulation, modification, and implementation of risk policies, procedures, systems, and reporting for the identification and monitoring of risks.


Primary Duties and Responsibilities include:

  • Participate in the risk identification and assessment of operational processes (e.g., trade order management, settlements, valuation, etc.)
  • Work with business units, legal and compliance as well as auditors to develop and refine controls as well as written policies and procedures that strengthen the control environment while maintaining business effectiveness
  • Assist in the measurement, aggregation and monitoring of relevant risk metrics and analytics
  • Coordinate data collection process with business partners
  • Support the creation of risk committee materials


The candidate should have a background in financial services with exposure to operational risk management.  The following are attributes and skills that are desired in candidates:


  • Strong analytical, technical, and problem-solving skills
  • Exceptional project management and communication skills
  • Ability to work cooperatively with other internal departments and external service providers
  • Ability to work under pressure, multitask, prioritize and be flexible
  • Well-organized and detail-oriented


Desired Skills and Experience:

  • Demonstrable theoretical and practical experience supporting operational risk management frameworks (e.g., RCSA, third-party risk management, business continuity, etc.)
  • Understanding of finance and the investment management industry
  • A minimum of 3-5 years of experience in Financial Services, including roles in operational risk (or related) teams in a similar environment
  • Bachelor’s degree is required and course work in Finance, Accounting, Economics, or Computer Information Systems is preferred; from a strong academic institution is a plus
  • Proficiency in, Microsoft Office suite of products, especially Excel and PowerPoint; and Tableau (or other data visualization tools) are a plus






Salary range: $115,000-$150,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 


Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.



Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of

Job Requisition ID: 84242




Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

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