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Enterprise Risk And Policy Manager - Assistant Vice President

Salt Lake City, Utah, United States

iCapital is powering the world's alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, and banks evaluate and recommend bespoke public and private market strategies for their high-net-worth clients. iCapital services, approximately $945 billion in global client assets invested in 1,940 funds, as of June 2025.

iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2024); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023); and a four-time winner of MMI/Barron's Solutions Provider award.

About the Role

iCapital is seeking an Assistant Vice President to support the Enterprise Risk Management scope. This individual will report to the Enterprise Risk Management team lead, and will execute the company's policy, governance, risk, and compliance frameworks with a focus on operational risks stemming from the company's technology-driven solutions and its alternative investment, structured notes, and annuities offerings. This position will collaborate with senior leadership and cross-functional teams to support risk governance and cultivate a culture of risk awareness and accountability.

The ideal candidate will excel in navigating a complex stakeholder landscape while managing concurrent tactical and strategic initiatives. This individual will support the design and development of risk management strategies while simultaneously enabling multi-disciplinary project teams.

Responsibilities

• Research, draft, maintain, and publish enterprise-wide risk policies, standards, procedures, and job aids while aligning documentation to actual business processes and operating practices.
• Partner with SMEs to update policy content, manage policy exceptions, and document compensating controls and formal risk acceptance decisions.
• Develop and maintain a comprehensive suite of risk policies, procedures, and methodologies to identify, assess, monitor, and control risks.
• Reinforce risk governance committees and working groups to ensure effective risk management practices.
• Support risk appetite and risk limits for operational risk, ensuring they are communicated and adhered to across the organization.
• Identify, evaluate, and prioritize operational risks across the organization in collaboration with the first line of defense.
• Maintain a risk register with key risks ranked by relevance (i.e. Top 10, Top 50) and ensure they are effectively managed and operationalized across business efforts.
• Lead educational efforts to promote risk awareness across the firm and ensure the first line of defense is equipped to manage risk appropriately.
• Support the development for issue, complaint, and incident reporting to identify errors and remediate root causes.
• Support the development of key risk indicators (KRIs) and other metrics to measure and monitor operational and enterprise risks.
• Collaborate with control readiness to address risk-related issues and findings and prioritize control testing activities.
• Work with risk owners to oversee the development and implementation of risk mitigation strategies and control measures.
• Monitor and report on operational risk trends, issues, and mitigation efforts to senior management and relevant stakeholders.
• Prepare regular risk reports for senior management, board committees, and regulators, providing insights into the organization's risk profile and the effectiveness of risk management practices.
• Ensure compliance with regulatory requirements and industry best practices related to risk management.

Qualifications

• 7-9 years of relevant experience in operational and enterprise risk management within FinTech or financial services
• Bachelor's degree is required, master's degree is a plus
• Proven ability to navigate complex business problems, ideally gained through experience at a Big 4 consulting firm or a similarly high-caliber advisory environment
• Seasoned industry professional with a strong work ethic, resourceful disposition, and solutions-oriented mindset with interpersonal skills that enhance partner capacity
• Exceptional organizational, time management, and written and verbal communication skills
• Extensive knowledge of operational risk and enterprise risk management, internal controls, audit, and regulatory compliance frameworks
• Proven track record of working with management, executive teams, and governance boards
• Certified Enterprise Risk Professional (CERP), Certified Risk Management Professional (CRMP), Financial Risk Manager (FRM), or equivalent certifications are preferred

Benefits

The base salary range for this role is $100,000 to $130,000. iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.