Business Controls – Senior Vice President

About the Role

iCapital is looking to hire a Business Controls Senior Vice President. The ideal candidate will lead the design, implementation, and oversight of iCapital’s enterprise-wide business control framework, with a primary focus on the Operations and Investment Product Management (OIPM) organization. This role ensures operational integrity, regulatory compliance, and risk mitigation across OIPM processes. This individual will partner with senior leadership to embed robust controls into workflows, drive governance initiatives, and foster a culture of accountability and continuous improvement.

Responsibilities

• Serve as the primary liaison between the COO, control functions, and regulatory bodies for all OIPM matters.
• Assess existing OIPM control procedures and recommend enhancements to strengthen risk management.
• Develop and maintain a comprehensive business control framework, including policies, procedures, and standards.
• Lead governance committees and oversee operational risk and control effectiveness across OIPM.
• Deliver periodic control reports and risk insights to executive leadership and the Board.
• Identify emerging risks proactively and implement preventive measures to mitigate impact.
• Oversee remediation plans for control deficiencies and ensure timely resolution.
• Drive automation of control monitoring and reporting through advanced tools and analytics.
• Partner with Technology and business teams to embed controls into system architecture and workflows.
• Lead standardization, change management, and training initiatives to ensure consistent processes and adoption across OIPM.

Control Framework Development & Oversight

• Design and maintain a comprehensive business control framework tailored to OIPM operations.
• Establish policies and procedure standards for operational risk management and internal controls within OIPM.

Governance & Reporting

• Lead governance committees focused on operational risk and control effectiveness for OIPM.
• Develop and deliver periodic control reports to executive leadership and the Board.

Risk Identification & Mitigation

• Proactively identify emerging risks within OIPM and implement preventive measures.
• Oversee remediation plans for control deficiencies and ensure timely resolution.

Cross-Functional Leadership

• Partner with Investor Relations, Operations, Compliance, and Technology to ensure controls are integrated into OIPM workflows.
• Act as a key liaison with internal audit and regulatory bodies during reviews and examinations.

Technology & Automation

• Drive automation of control monitoring and reporting for OIPM through advanced tools and analytics.
• Collaborate with technology teams to embed controls into OIPM system architecture.

Change Management & Standardization

• Lead initiatives to standardize processes and controls across OIPM.
• Develop and execute change management strategies to ensure adoption and sustainability of new processes.

Culture & Training

• Champion a strong risk and control culture across OIPM.

Develop and deliver training programs for OIPM teams on control responsibilities.

Qualifications

• 15+ years of experience in financial services, with a focus on operational risk, business controls, or internal audit
• Deep understanding of operations within alternative investments, banking or asset and wealth management
• Proven track record of building and leading enterprise control frameworks
• Strong knowledge of regulatory requirements (SEC, FINRA, AML/KYC, etc.)
• Exceptional leadership, communication, and stakeholder management skills
• Experience managing resources and leading teams in a highly complex and unstructured environment
• Experience with governance committees and board-level reporting
• Familiar with technology-driven control solutions and data analytics
• Able to make a positive impact with senior stakeholders and drive cultural change
• Strategic thinker with hands-on execution capability

Preferred Skills

• Familiarity with technology-driven control solutions and data analytics.
• Ability to influence senior stakeholders and drive cultural change.
• Strategic thinker with hands-on execution capability.

Benefits

The base salary range for this role is $190,000 to $240,000. iCapital offers a compensation package which incl