Operational Risk Manager

Who we’re looking for

We’re looking for an Operational Risk Manager to join our Group Operational Risk team, helping to strengthen the control environment across the business through effective oversight of risk assessments, risk events, operational risk reporting and scenario analysis. 

About Schroders

We’re a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.

We have around 6,000 people on six continents. And we’ve been around for over 200 years, but keep adapting as society and technology changes. What doesn’t change is our commitment to helping our clients, and society, prosper.

The base

We moved into our new HQ in the City of London in 2018. We’re close to our clients, in the heart of the UK’s financial centre and we have everything we need to work flexibly.

The team

The Group Operational Risk team is part of the second line of defence and provides oversight across Schroders. The team is responsible for providing the tools and framework for managing operational risk and works closely with the first line of defence and other control functions.

In particular, the team:

• Defines the Group’s operational risk framework, including policy and risk appetite; 
• Develops and maintains the Group’s operational risk system, Archer;
• Provides the methodology, support and oversight of the Risk and Control Assessments (RCAs) completed by the first line of defence, including those for new products, end to end processes, new clients, and business change; 
• Provides oversight of the risk event process, including review and challenge of risk event investigations and mitigating actions;
• Manages the Significant Risk Events Forum where material operational risk events and lessons learned are discussed;  
• Provides management information to key committees, including the Group Risk Committee, Board Audit and Risk Committee and entity Boards; 
• Performs scenario analysis and estimation of the Group’s operational risk capital requirement;
• Project manages the Internal Controls report (ISAE3402 / AAF 01/06); and
• Provides training and advice to business areas.

What you'll do

• Manage, review and challenge risk assessments across the business, including Risk and Control Assessments (RCAs), new client assessments and change assessments
• Facilitate the investigation of risk events, including the escalation of significant events to senior management as required
• Develop operational risk scenarios and support the estimation of the Group’s operational risk capital requirement, including contributions to the ICAAP/ICARA processes
• Analyse and report operational risk management information (MI)—including RCAs, risk events and issues—for senior governance forums such as the Group Risk Committee, Board Audit & Risk Committee and entity Boards
• Enhance and streamline reporting processes, improving efficiency, accuracy and control
• Collate and co-ordinate responses to RFPs and client queries, including producing presentation materials for client meetings
• Present to clients on the Group’s operational risk framework, as required
• Conduct thematic or targeted reviews to address emerging risks, issues or areas of focus
• Oversee and manage the operational risk system and train/support business users to ensure effective adoption and data quality
• Experience in asset management and/or risk management
• A proactive, delivery-focused approach
• Strong written communication and attention to detail, with the ability to produce clear, accurate risk reporting tailored to the audience
• Effective organisation and time management skills, able to manage competing priorities
• Strong systems aptitude - quick to learn new tools and confident explaining functionality to others
• Analytical mindset with sound problem-solving skills
• Strong interpersonal and influencing skills, with a collaborative, team-oriented approach
• Discretion and professionalism when handling confidential or sensitive matters
• Advanced working knowledge of PowerPoint, Word, Excel and Power BI
• Experience in assurance and/or audit (internal or external)
• An asset management qualification, such as the IMC and/or CFA (or working towards)
• Familiarity with operational risk systems (e.g., GRC tooling)
• Experience supporting ICAAP and/or ICARA processes

The knowledge, experience and qualifications you need

• Significant experience in operational risk management within asset management and/or wealth management environments
• A proactive, delivery-focused approach
• Strong written communication and attention to detail, with the ability to produce clear, accurate risk reporting tailored to the audience
• Effective organisation and time management skills, able to manage competing priorities
• Strong systems aptitude - quick to learn new tools and confident explaining functionality to others
• Analytical mindset with sound problem-solving skills
• Strong interpersonal and influencing skills, with a collaborative, team-oriented approach
• Discretion and professionalism when handling confidential or sensitive matters
• Advanced working knowledge of PowerPoint, Word, Excel and Power BI
   

The knowledge, experience and qualifications that’ll help

• Experience in assurance and/or audit (internal or external)
• An asset management qualification, such as the IMC and/or CFA (or working towards)
• Familiarity with operational risk systems (e.g., GRC tooling)
• Experience supporting ICAAP and/or ICARA processes

We recognise potential, whoever you are

Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought, facilitated by an inclusive culture, will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer. You are welcome here, regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background, or any other protected characteristic.

Advertised Salary: Competitive