Enterprise Risk Business Partner

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures. THE ROLE The Enterprise Risk Business Partner serves as the subject matter expert for artificial intelligence (AI) governance, AI risk assessment, and AI risk mitigation across MFS. The role is responsible for helping establish, maintain, and operationalize risk management practices for AI-enabled solutions, machine learning, generative AI, intelligent automation, advanced analytics, and related emerging technologies. WHAT YOU WILL DO Lead and support the development, enhancement, and operational execution of MFS’ AI governance and AI risk management framework. Conduct and facilitate risk assessments for AI, generative AI, machine learning, intelligent automation, advanced analytics, and related technology-enabled business processes. Evaluate the design and effectiveness of AI-related governance controls, risk indicators, monitoring routines, documentation practices, and management reporting. Monitor and evaluate evolving AI-related regulatory expectations, supervisory themes, and industry practices relevant to investment management and financial services. Serve as a trusted advisor and independent risk partner to stakeholders exploring, implementing, or operating AI-enabled business capabilities. Provide additional Enterprise Risk business partner support to Finance and Fund Treasury leadership and teams. Prepare and present clear, concise, executive-ready risk reporting for senior management, governance forums, and Enterprise Risk leadership. Promote a strong risk-aware culture by facilitating workshops, stakeholder discussions, and risk education related to AI governance, responsible AI, emerging technology risk, and business risk management. Lead or support risk assessments for significant business, operational, technology, regulatory, vendor, and transformation initiatives, with emphasis on AI-enabled or data-driven change. WHAT WE ARE LOOKING FOR Bachelor's degree or equivalent work experience. Must have at least 6-8 years' work experience in risk (enterprise, AI governance, operational, or IT risk), investment management, financial services, or industry-related compliance. Knowledge of AI governance, AI risk management, generative AI, intelligent automation, and emerging technology risk. Strong understanding of governance frameworks, risk assessment methodologies, internal control concepts, risk appetite, risk reporting, and effective challenge. Ability to assess AI-related risks and translate technical risks into practical business, control, and governance considerations for senior stakeholders. Ability to work independently with limited direction and guidance, manage multiple programs simultaneously Strong project management and organizational skills, including the ability to complete projects and reports timely Proven analytical skills with the ability to make independent decisions and develop creative solutions to problems. PREFERRED SKILLS, QUALIFICATIONS & EXPERIENCE Understanding of internal control concepts and experience in conducting risk assessments preferred. Experience conducting or facilitating risk assessments, control evaluations, issue management, and management reporting. Experience with Governance, Risk & Compliance (GRC) tools. Experience with risk analytics, data visualization, and reporting tools such as Tableau or Power BI. Experience within investment management, asset management, fund administration, or fund treasury organizations. Experience implementing or overseeing AI governance programs. #LI-JN1 Base Salary Range: $110,000.00 - $158,500.00 This position is eligible for competitive incentive bonus. At MFS, we believe in fair and transparent compensation. For that reason, we’re including the salary range for this position. This range reflects our good-faith expectation for what we’ll pay depending on the candidate’s experience, training and education. In addition to the salary, we also offer significant and competitive incentive compensation based on both individual and company performance. Other components of our Total Rewards Package include: MFS contributes an amount equal to 15% of your base salary to your retirement account that is separate from the company -sponsored 401(k) Education Assistance: MFS contributes $100 monthly up to $10,000 lifetime maximum directly to loan provider Education Assistance: Tuition reimbursement up to $8,000 annually Education Assistance: Access to discounted tutors and college coaches Generous time off and fully paid leaves including 20-weeks for maternity, 12-weeks for parental and caregiver leaves Choice of medical and dental plans and an and an employer contribution into the Health Savings Account Tax deferred commuter benefits & flexible spending accounts (medical & dependent care) Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps Our compensation philosophy is to pay competitively for talent while ensuring equity across employees performing comparable work. We are committed to transparency – if you have questions about how we arrived at this range or what additional benefits and bonus opportunities come with the role, we’ll be happy to discuss them #LI-HYBRID At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply - you might be just the right candidate for this role or others. MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting. If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email [email protected] for assistance. MFS is an Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Please see the Know Your Rights: Workplace Discrimination is Illegal document, linked for your reference.