COMPANY OVERVIEW
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.
ENTERPRISE RISK MANAGEMENT TEAM
KKR’s Enterprise Risk Management (“ERM”) function is responsible for ensuring the consistent application of the risk management framework globally to help KKR achieve its strategic objectives and operational efficiency while operating within the firm’s risk appetite.
ERM’s objectives:
- Identify and monitor risk from the firm’s verticals to understand global, horizontal risk trends and issues
- Assess and measure risks, control gaps or enhancements for risk relevant programs
- Aggregate risk information for monitoring and reporting; inform risk-based decision making
Embedded within ERM, the Risk Identification & Enablement team is responsible for the design, implementation and management of risk activities related to risk identification, including but not limited to enterprise problem management (issues, incidents, and events), mitigation efforts, top risk identification, and emerging risks. The team additionally manages and oversees risk activities related to the firm’s strategic transformation, new business activities, platform development, and tooling to enable a robust and sustainable Enterprise Risk Management Framework. This role will also support the Head of Regional Risk, who is responsible for the effective identification, measurement, assessment, management, reporting, and governance of risks within EMEA and APAC.
With a focus on creating a proactive risk management culture, embedding risk awareness into decision making processes across the firm, as part of our global organization, you will have the opportunity to contribute to an integrated approach to risk management, helping to shape our firm’s approach to risk - making a meaningful impact on our ability to navigate an increasingly complex risk landscape.
POSITION SUMMARY
KKR is seeking to hire highly motivated and experienced Risk Officer to serve as the Operational Risk Designated Person for KKR’s AIFM and drive strategic, firmwide risk program enhancements based in Dublin, Ireland. A successful candidate will be a highly collaborative self-starter with deep understanding of operational risks and AIFs requirements to fulfil their core responsibility ensuring firm compliance with AFIM operational risk requirements, protecting the interests of investors, ensuring stability of the AIFM, and maturing the firm’s enterprise risk program.
The individual will work closely with management in Asset Management, Strategic Holdings, Insurance and supporting Business Operations functions e.g., Finance, Technology, Treasury, Compliance, Audit and Client Solutions among other key stakeholders in region and firmwide.
IDEAL EXPERIENCE
- Several years of experience in enterprise risk management, operational risk management, or management consulting ideally in Financial Services
- Familiarity with European and Irish regulation regarding Alternative Investment Management (AIFMD) and the Central Bank of Ireland’s CP86 Fund Management Company Experience in the role of Op Risk DP or supporting the Op Risk DP is highly advantageous. Work experience at a global company, engaging with individuals in different positions, across all levels including executives
- Bachelor’s degree in business, Risk Management, Economics, Finance, Business Analytics, Management, or significant experience and understanding of risk management
RESPONSIBILITIES
- Implement & advance KKR AIFM’s Operational Risk Management framework working in collaboration with the other designated persons to conduct the delegate oversight requirements
- Provide oversight of operational risks across KKR, ensuring appropriate operational risk management policies and practices are in place. Activities include identification, assessment and prioritization of operational risks and escalating issues to management.
- Ensure that a risk management framework including a risk appetite statement, risk profile and risk management policies & procedures are maintained and implemented for all relevant KKR EMEA entities
- Execute ongoing management, maintenance and embedding of the operational risk framework, covering all emerging and existing regulations and regulatory guidance, operational risk policies and related reporting
- Assist with preparation of Internal Capital Adequacy Assessment Process (ICAAP) and Recovery Pla
- Identify and investigate operational risk incidents, ensuring root cause analysis and assessments are completed as required.
- Execute assessment of relevant operational processes and controls Analyse findings identified locally for applicability to the firmwide portfolio and processes.
- Contribute to the enhancement of the risk incident and issue management processes including automation and workflow improvement.
- Validate of issue and remediation plan completion for suitability and
- Prepare management, committee, board, and regulatory
- Assist in the development, implementation, execution and maintenance of the firm’s problem management strategies including firmwide incident management, risk event management, and firmwide issue
KEY COMPETENCIES
- A proactive approach with a strong bias for taking action and driving results
- High analytical acumen along with a solid business sense that guides ROI-based prioritization and decisions
- Strong understanding of Risk Management frameworks and best practices
- Strong understanding of one or many of the following risk areas: Execution & Processing Risk, Operational Resilience, Technology & Information Security Risk, Asset Damage & Appropriation, Third Party Risk, Strategic and Business Risk, and Regulatory Compliance Risk.
- Understanding of Private Equity, Asset Management, and/or Insurance
- Exceptional oral and written communication skills
- Ability to effectively interface with people at all levels, globally
- Excellent PowerPoint & Excel skills; SQL or technical skills are a plus
- Ability to synthesize large datasets and draw conclusions
- A curious nature with a passion for innovation and continuous improvement
- Proven ability to manage multiple demands and projects in a fast-paced work environment, including ability to prioritize time efficiently and handle heavy workloads while remaining attentive to detail
- Maturity, presence, sound judgment, and ability to form and express opinions effectively
- Strong relationship development skills, including over the phone with global teams and with individuals of whom work is being requested
#LI-ONSITE
KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.