Senior Manager, Business Line Risk

Business Risk Manager

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You'll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you'll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.

Role Summary

This position is part of Business Risk (second line of defense) that supports and oversees the effectiveness of the risk function within multiple business lines (first line of defense). This position leads efforts to develop a strong organizational risk culture and to influence and ensure business line adherence with the enterprise risk management framework.

Responsibilities

• Drive Risk Culture within Business Lines : Leveraging strong knowledge of the business lines, facilitate business line awareness of and adherence to risk frameworks and policies.
• Oversee Adherence to Risk Frameworks and Policies : Hold business lines accountable for identifying and assessing risks in accordance with the firm's risk frameworks and policies. Support the business lines' evaluation of existing processes, identify control gaps and recommend mitigation activities. Report and escalate exceptions and facilitate business line corrective actions. Oversee and monitor business lines' risk maturity capabilities against their stated maturity roadmaps.
• Support Issue Identification, Risk Response and Risk Assessment : Engage with and hold business lines accountable to identify, assess and mitigate risks. Advise on the business lines' Risk Response and Risk Assessment responsibilities. Evaluate potential courses of action to address complex issues identified and recommend solutions. Ensure business line remediation is sufficient to address root cause and prevent recurrence. Support creation of the firm's quarterly Corporate Risk Profile, Key Risk Indicators and Emerging Risks Register. Conduct Legal Entity Assessments and ad-hoc Risk Assessments for firm-wide strategic initiatives.
• Conduct Risk Reporting : Advance risk reporting capabilities for the business lines using Archer data. Report on business line risk trends and changes to the business lines' risk profiles.
• Perform Continuous Monitoring : Monitor business lines' adherence to the firm's risk framework. Continuously monitor all sources of risk existing within the business lines and externally. Understand where operational, strategic, legal / compliance and financial risks exist in the business line and continually assess and challenge existing controls to mitigate those risks. Monitor risk business lines' risk profile against risk appetite.
• Ongoing Communication and Engagement : Maintain ongoing communications and engagements with business lines and assurance partners (including Compliance and Internal Audit).

Qualifications

Required :

Preferred :

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

Base Salary Ranges

$108,000.00 - $184,000.00 for the location of : Maryland, Colorado, Washington and remote workers

$119,000.00 - $203,000.00 for the location of : Washington, D.C.

$135,000.00 - $230,000.00 for the location of : New York, California

Placement within the range provided above is based on the individual's relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

Benefits

We value your goals and needs, at work and in life. As an associate, you'll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.