Chief Risk Officer - Managing Director

Overview

The role of Chief Risk Officer (CRO) has been newly established to unify Regulatory & Compliance, Enterprise Risk & Governance, and Safety, Resilience & Incident Management under a singular risk management structure. This pivotal leader, reporting directly to the Chief Financial Officer, will be integral to iCapital's Performance and Risk Management team, accountable for overseeing comprehensive enterprise-wide risk management, regulatory adherence, and safety programs as the firm expands internationally.

Key Responsibilities

• Lead regulatory compliance efforts across multiple global jurisdictions including the U.S., Canada, UK, Europe, and APAC, supporting entry into additional regulated markets.
• Provide expert guidance on regulatory frameworks related to alternative and structured investment products, annuities, as well as both registered and private fund vehicles.
• Manage all aspects of regulatory licensing, registrations, exemptions, and ongoing obligations with bodies such as the SEC, FINRA, and international regulators.
• Develop, implement, and maintain scalable policies, procedures, and training programs aligned with regulatory requirements and firm strategy.
• Serve as the primary contact for regulatory audits, examinations, and inquiries, nurturing strong, credible relationships with regulators and external advisors.
• Design, advance, and implement the enterprise risk management framework, including risk appetite setting, governance, assessments, and reporting covering all business sectors and global operations.
• Oversee risk governance through various committees including Board-level Audit & Risk Management, Corporate Risk Management, and operational risk groups.
• Maintain and refine the enterprise risk register incorporating Risk Control Self-Assessments, risk appetite indicators, and issue management for scalability and consistency.
• Engage with senior management and the Board to deliver insightful, actionable risk assessments and recommendations.
• Collaborate across departments such as Finance, Technology, Legal, and Operations to enhance internal control frameworks like IT General Controls (ITGCs), ICFR, and operational controls.
• Manage SOC 2 audits across departments, maintaining auditor relationships, overseeing evidence collection, remediation efforts, and improvement of control maturity.
• Work alongside Technology and Security teams to manage data, platform, and information security risks inherent in technology-driven business models.
• Ensure business continuity and disaster recovery plans are current and regularly tested, supporting the firm's resilience to operational disruptions.
• Implement a centralized incident management system including protocols for escalation, response playbooks, and crisis communication strategies.
• Supervise programs on physical security, life safety, and emergency preparedness for all offices, travel, and company-sponsored activities.
• Lead, mentor, and develop global teams responsible for risk management and compliance, fostering a culture emphasizing accountability and proactive collaboration.
• Collaborate cross-functionally to embed risk-conscious decision-making processes that balance innovation with disciplined governance.
• Cultivate a strong organizational culture of risk awareness and compliance that supports commercial objectives without compromising governance standards.

Qualifications

• Over 15 years of senior leadership experience in risk management, compliance, or governance roles within financial services, fintech, asset management, broker-dealer, or investment advisory sectors.
• Extensive practical knowledge of alternative investments including regulatory matters, product structuring, and distribution.
• Proven track record managing regulatory compliance in complex and heavily regulated settings, including direct regulatory engagement and audit accountability.
• Experienced in designing and implementing enterprise risk management systems in multifaceted, multinational organizations.
• Thorough understanding of U.S. securities regulations (SEC, FINRA, Advisers Act, Investment Company Act, AML/KYC) and familiarity with international regulatory frameworks like AIFMD and MiFID.
• Demonstrates confident, independent leadership with the ability to provide constructive challenge and sound advice to senior leadership and board members.
• Capable of translating intricate regulatory and risk concepts into feasible, scalable operational strategies aligned with business priorities.
• Experienced in leading and scaling specialized global compliance and risk teams.
• Bachelor’s degree is mandatory; advanced degrees such as JD, MBA, or equivalent are highly desirable. Relevant professional certifications (FRM, CRCMP, CFA, CPA, CAMS) are advantageous.

Compensation and Benefits

The remuneration for this position ranges from $350,000 to $400,000 annually, augmented by equity participation for full-time employees alongside performance-based bonuses. The benefits package is comprehensive, including employer-matched retirement plans, fully subsidized healthcare coverage (dental, vision, telemedicine, mental health counseling), parental leave, and unlimited paid time off.

Work Arrangement

This role operates on a hybrid model, requiring presence in the office Monday through Thursday with the option to work remotely on Fridays.

Diversity and Inclusion

iCapital is an Equal Employment Opportunity and Affirmative Action employer committed to non-discrimination based on race, religion, color, national origin, gender, sexual orientation, gender identity, age, veteran status, disability, or other legally protected categories.