Abstract: A riser suspension system for suspending a riser from a subsea wellhead housing using a running tool. The system comprises a surface wellhead housing, a riser hanger and a load shoulder. The surface wellhead housing comprises a bore, a shoulder profile, a lock profile and a support ring. The riser hanger assembly comprises a hanger body, an adjustable suspension mechanism rotationally coupled with the hanger body and a lock ring expandable into engagement with the lock profile. The load shoulder assembly couples with the riser hanger assembly and comprises a lock ring expandable into engagement with the shoulder profile. The invention further claims a multi-function running tool that requires only a single trip and which can manipulate, latch and back up a tie-back adapter into the downhole equipment and provide positive preloaded, locked-in, tension of the riser.