At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.
We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
Title: Senior Associate, Operational Risk
Business Unit: Enterprise Risk
Location: Charlotte, NC
Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.
Job Summary
Barings is seeking an exceptional candidate to join the Operational Risk team as a Senior Associate in their Charlotte, NC office. This individual, reporting to the Global Head of Operational Risk and ERM Execution, will support the continued evolution of the firm’s Operational Risk Management Framework, strengthening transparency and accountability of operational risks across the enterprise. The Operational Risk discipline is part of the broader Enterprise Risk Management function, which also includes Investment Risk, Counterparty Risk, Model Risk, and Business Resilience, as well as regional risk coverage.
The successful candidate will have experience in financial services, investment management, risk management and/or project management, and possess strong problem-solving and communication skills. They should also demonstrate initiative, critically analyze processes, and work effectively both independently and collaboratively in a dynamic environment.
Primary Responsibilities
- Partner with the Head of Operational Risk to enhance Barings’ global operational risk oversight framework and practices.
- Support core activities within the Operational Risk function by establishing and tracking qualitative and quantitative factors for identifying, assessing, monitoring and reporting operational risks.
- Identify and document operational risk events, including root cause analysis and mitigation actions; monitor KPIs and other metrics, and track new and ongoing risks, issues and related mitigations.
- Assist with facilitating standardized assessments of inherent and residual risks, effectiveness of controls, and risk appetite levels in alignment with the firm’s enterprise risk taxonomy.
- Build strong relationships with key stakeholders to maintain consistent communication and engagement that informs the firm’s risk profile.
- Collaborate with other control functions – such as Compliance, Audit, and Vendor Management – to ensure connectivity across control and process improvements.
- Prepare monthly and quarterly insights to update the Risk Dashboard and contribute to Risk Committee materials that foster engagement, discussion, and constructive challenge of risks.
- Work closely with regional Risk teams and other ERM disciplines to promote collaboration and efficiencies between global and local oversight.
- Conduct ad-hoc reviews in areas where risk levels are higher than desired to create transparency and enhance accountability.
Qualifications
- Bachelor’s degree in finance, accounting, or a related field preferred ; advanced degree a plus.
- 2-5 years of relevant work experience within a global financial services organization, ideally within a global asset management firm; knowledge of portfolio management and trading systems and workflows a plus.
- Self-starter with the ability to work autonomously and in a team environment.
- Ability to operate in a deadline driven environment while multitasking and maintaining a strict attention to detail; decisive and able to work at pace.
- Familiarity with capital markets and investment management industries.
- Sound judgement and excellent verbal and written communication skills.
- Highly organized, detail oriented, and thorough, with strong problem-solving skills and ability to prioritize tasks efficiently.
- Strong analytical skills with intellectual curiosity, resourceful in seeking new information; software development experience a plus.
- Commitment to performance and accuracy of work product.
- Knowledge of and prior experience using Governance, Risk, and Compliance (GRC) platforms a plus.
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Requisite Skills
Additional Skills
Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.
Barings offers a comprehensive benefits package including:
CORE BENEFITS & WELLNESS
- Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
- Fitness Center Reimbursement Program (Including Online Memberships)
- Employee Assistance Program (EAP)
- Fertility Benefits
FINANCIAL WELL-BEING
- Highly competitive 401(k) Plan with Company Match
- Health Savings Account (HSA) with Company Contributions
- Flexible Spending Accounts (FSA) - Health Care & Dependent Care
- Retirement Health Reimbursement Account
LIFE INSURANCE
- Basic and Supplemental Life Insurance
- Spouse and Child Life Insurance
TIME OFF, DISABILITY AND LEAVE OF ABSENCE
- Paid Vacation, Sick Days and Annual Holidays
- Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
- Short and Long Term Disability Plans
- Paid Volunteer Time
OTHER BENEFITS
- Education Assistance Program
- Charitable Matching Gifts Program
- Commuter Reimbursement Program
- Adoption and Surrogacy Reimbursement Program