Enterprise Risk Business Partner

MFS Investment Management • Boston, MA

2d • $110,000 - $158,500 • Hybrid

About The Position

Serve as the lead Enterprise Risk Business Partner supporting Operations at MFS. Provide independent risk advice, effective challenge, and oversight across operational processes, controls, transformation initiatives, and emerging risks. Partner with Operations leadership and process owners to identify, assess, monitor, and communicate risk, strengthen the control environment, and incorporate risk considerations into business decisions and change initiatives.

The role also contributes to the continued enhancement of MFS’s Enterprise Risk framework and represents Enterprise Risk in Operations governance forums and significant initiatives. The position is based in MFS’s hybrid work environment unless otherwise stated.

Requirements

• Bachelor’s degree or equivalent work experience.
• At least 6 to 8 years of experience in enterprise risk, operational risk, investment operations, internal controls, audit, compliance, or a related role within financial services.
• Strong understanding of operational risk management principles, including risk identification, RCSA, control assessment, issue management, incident analysis, risk acceptance, and ongoing monitoring.
• Knowledge of investment-management or financial-services operational processes and associated risks, including transaction processing, data quality, reconciliations, asset servicing, valuation, reporting, technology dependencies, and third-party services.
• Demonstrated ability to evaluate the design and effectiveness of preventative, detective, and corrective controls and recommend practical, risk-based improvements.
• Experience assessing risks associated with significant business, process, technology, vendor, and organizational change.
• Ability to provide independent, constructive challenge while developing credible, collaborative relationships with senior leaders, process owners, subject-matter experts, and control partners.
• Strong analytical and problem-solving skills, including analyzing incidents, identifying root causes and recurring themes, and translating complex information into clear risk insights.
• Excellent written and verbal communication skills, including experience preparing executive-ready risk assessments, reports, presentations, and governance materials.
• Ability to work independently, manage multiple priorities, and exercise sound judgment in determining when matters require escalation.
• Strong project-management and organizational skills, with the ability to deliver high-quality work within established timelines.
• Some periodic domestic and international travel may be required.

Nice To Haves

• Understanding of internal control concepts and experience conducting risk assessments.
• Experience conducting or facilitating risk assessments, control evaluations, issue management, and management reporting.
• Experience with Governance, Risk & Compliance (GRC) tools.
• Experience with risk analytics, data visualization, and reporting tools such as Tableau or Power BI.
• Experience within investment management, asset management, fund administration, or fund treasury organizations.
• Experience in investment operations, asset management, investment management, fund administration, custody, asset servicing, or another complex financial-services operating environment.
• Understanding of the investment transaction life cycle and related operational dependencies, including data, systems, vendors, reconciliations, and handoffs between business functions.
• Experience developing key risk indicators, risk-appetite measures, operational-risk reporting, and executive-level risk insights.

Responsibilities

• Develop a detailed understanding of Operations’ business activities, critical processes, risk profile, strategic priorities, and control environment.
• Provide independent risk advice and effective challenge to Operations leadership, process owners, project teams, and governance forums on significant operational risks, control matters, business decisions, and transformation initiatives.
• Lead and facilitate Risk and Control Self-Assessments and targeted risk assessments, helping stakeholders identify inherent risks, evaluate control design and effectiveness, assess residual risk, and develop appropriate risk responses.
• Support identification, assessment, escalation, and ongoing monitoring of operational risk issues, including processing errors, control deficiencies, incidents, losses, near misses, service disruptions, and recurring risk themes.
• Provide risk oversight for significant Operations change initiatives, including process redesign, automation, system implementation, operating-model changes, outsourcing, vendor arrangements, and other technology-enabled transformation.
• Assess the design and effectiveness of key operational controls and work with business owners to identify practical opportunities to strengthen preventative, detective, and corrective controls.
• Develop and monitor risk indicators, metrics, and reporting that provide timely insight into risk exposure, control performance, incidents, emerging risks, and remediation progress; identify recurring themes, concentration risks, interconnected risks, and broader improvement opportunities.
• Partner with Operations and relevant control functions on issue management, including root-cause analysis, corrective-action planning, risk acceptance, escalation, and validation of sustainable remediation.
• Promote a risk-aware culture through training, workshops, risk discussions, practical guidance, and constructive challenge.
• Contribute to enhancing MFS’s Enterprise Risk framework, including risk taxonomy, risk appetite, assessment methodologies, operational risk standards, and reporting practices.
• Represent Enterprise Risk in Operations governance forums and significant initiatives, communicate risk considerations clearly, and escalate material matters when appropriate.

Benefits

• Competitive incentive bonus based on individual and company performance.
• MFS contributes an amount equal to 15% of base salary to a retirement account separate from the company-sponsored 401(k).
• Education assistance of $100 monthly, up to a $10,000 lifetime maximum, paid directly to a loan provider.
• Tuition reimbursement up to $8,000 annually.
• Access to discounted tutors and college coaches.
• Generous time off and fully paid leaves, including 20 weeks for maternity leave and 12 weeks for parental and caregiver leaves.
• Choice of medical and dental plans and an employer contribution to a Health Savings Account.
• Tax-deferred commuter benefits and flexible spending accounts for medical and dependent care.
• Wellness programs, including wellness webinars, an employee assistance program focused on mental health, and a subsidized fitness benefit via Wellhub.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level