Commercial Risk Manager - BCG X

Industry: Professional Services

Job Family: Risk Management

22 Jan, 2023

London

Full Time

United Kingdom

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Boston Consulting Group - BCG

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WHAT YOU'LL DO

BCG X a newly formed global business unit, with 2,700 employees worldwide serving fortune 500 clients across full spectrum of industries and topics, continues to build intellectual property assets to complement broader BCG core offerings with differentiated tech solutions. Under a variety of commercial formats and client relationship arrangements, BCG seeks to protect its IP ownership rights and mitigate potential IP conflicts as it executes its ambitious growth strategy. This role will design the critical processes and operating structure to continuously monitor our portfolio for potential IP conflicts and actively manage down risks.

The right candidate must be able to understand and assess risks across a wide variety of business areas, build relationships with diverse stakeholders, and manage a complex network to navigate change management across the organization. Additionally, the candidate must demonstrate the ability to prioritize simultaneous projects, communicate issues, and escalate appropriately.

The role will report to the head of Risk Management for BCG X

YOU'RE GOOD AT

Ensure that BCG growth is commercialized within the range of acceptable risk parameters, specifically – identify and clear IP conflict risk across the firm’s asset portfolio as early as possible Build and own full register of IP assets across BCG asset portfolio, standardize process to capture new assets, edit and disposition Evaluate commercial deals and clients to ensure risk / reward sharing is equity across parties and equity partners, following in the ‘spirit of a deal’. Flag any commercial terms or “red flags” limiting future business, reputational risk or discrepancies with Global Policies. Be an active participate in cross functional reviews with members of the Legal and Compliance teams, the Risk and Data Protection Office as well as the Commercial Finance organization. Ensure clear and expedient escalations with informed recommendations to management to consider Review and evaluate BCG X commercial procedures and reports to identify hidden risks or common issues. Trusted advisor and subject matter expert to BCG X OC and BCG X Compliance Chair on compliance related topics pertaining to IP. Lead enablement sessions on compliance issues, best practices and common areas for opportunity Maintain an understanding of BCG's key risks their potential impact, and our gaps in planning and mitigation strategies (including through the use of dashboards, risk registers, etc.) Participate in the identification of emerging risks and trends Be a change agent in the organization at multiple levels (including regional leadership teams, BCG X Global Risk Leadership Committee, Functional leaders and MDP teams) and across geographies and functions, both in terms of behavioral change in managing risks and in terms of process changes supporting risk management Be a communicator within the firm, both in formal trainings and in ad-hoc ways, promoting the risk agenda and raising awareness Identify and leverage lessons learned and best practices from internal and external events, fostering the culture of continuous improvement within BCG Develop and implement dashboard analytics, digitization of risk management processes, and board level reporting, to enable well-informed and faster decision-making

Other Risk Management Efforts (10%) Maintain strong connections with the broader risk function including the compliance team, assurance & advisory team, strategy & operations team, as well the extended groups under global risk including physical security, data protection office, and information security Serve as a subject matter expert in cross-functional workshops driving risk identification, mitigation, reporting, and overall risk awareness Identify lessons-learned and best practices from within the team, broadening the adoption of best practices across functions and offices

YOU BRING (EXPERIENCE & QUALIFICATIONS)

We are looking for someone with: A passion for risk management and an understanding of complex global organizations with a decentralized approach to risk An academic degree in a relevant discipline: risk management, business management, compliance, data science/analytics; advanced degree preferred Minimum of 5-8 years of applicable experience with professional designation Applicable experience preferred including: Global experience around risk management and program implementation Global management consulting, product or professional services experience Expert working knowledge of PowerPoint, Excel, Word; additional exposure to Tableau, Alteryx, SharePoint, cloud technology, Slack, Trello, OneNote a plus Strong written and verbal communication style for senior stakeholders and change management more broadly Strong working knowledge in key areas of risk Fluent in English (verbal and written); Additional languages a strong plus The ability to attend conference calls after hours as needed to accommodate stakeholders and team members in other geographies

Technical and functional expertise Deep understanding and appreciation of internal controls and risk management Ability to communicate risk management as a business advantage Strong work management required Provides unique and innovative insights across multiple areas Maintains in-depth and thorough knowledge and understanding of best practices and professional development in context of a broader business area Networks with equivalent risk management professionals in other organizations Interest in learning and gaining skills in all functions Digitally literate with strong ability to use and comprehend information in the digital age Functional experience with data science/analytics Strong interest in international business and diverse cultures

Problem solving, analytical skills and decision making Curiosity and persistence in identifying issues Ability to grasp complex issues and look beyond the obvious Ability to independently resolve complex issues/problems – engaging the right personnel/functions at the right time to assist when necessary Demonstrate both strong analytical and strategic thinking capabilities Appreciation of materiality within the context of BCG priorities Can clarify and simplify BCG policies and decision-making structure for others

Communication, interpersonal and teaming skills Proven ability to work successfully within a cohesive and matrixed team environment Superior interpersonal and communication skills; projects confidence and trust Comfortable interacting with and influencing people at all levels in the organization Ability to build collaborative relationships and foster an environment of trust at all levels of the organization, while still maintaining a high degree of independence Ability to anticipate and resolve conflicting differences by seeking collaborative approaches and by pursuing agreeable solutions

YOU'LL WORK WITH

BCG’s information technology group collaboratively delivers the latest digital technologies that enable our consultants to lead and our business to grow. For our IT jobs, we seek individuals with expertise in the areas of IT infrastructure, application development, business systems, collaborative and social technologies, information security, and project leadership.