Operational Risk Manager

3 weeks ago


London, United Kingdom Schroders Full time

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 Risk function includes the following teams:

Operational Risk; Business Continuity and Resilience, Specialist Risk Oversight; Investment Risk, including Quantitative Methodologies and Risk Capital; Credit Risk; Insurance Risk. 

Group Operational Risk 
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 detail, 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.

Overview of role

Main responsibilities may include: 

A primary focus on facilitating the investigation of risk events, including significant event escalations to Senior Management; Reviewing and challenging the first line on risk event summaries to ensure these are of sufficient quality and assessing the suitability of proposed actions to mitigate recurrence; Undertaking root cause analysis on risk events; Assisting with the review and challenge of risk assessments across the business such as risk and control assessments (RCAs), new client assessments and change assessments; Analysis and reporting of operational risk MI including RCAs, risk events and issues for senior committees such as the Group Risk Committee, Board Audit and Risk Committee and entity Boards; Enhancing the reporting processes, including efficiency and accuracy and Carry out thematic or targeted reviews where required.

Essential Skills

Educated to degree level; Financial Services and/or risk management experience; Proactive approach; Strong written communication skills and attention to detail: the ability to write accurate, clear risk reports appropriate for the relevant audience; Good organisational and time management skills; An aptitude to learn how to use a new system quickly and to be able to explain its functionality to others; Analytical with logic and problem solving skills; Good interpersonal and influencing skills and a team-player attitude; An ability to deal with sensitive issues and Excellent working knowledge of Microsoft PowerPoint, Word and Excel.

Desirable Skills

Asset management experience; Assurance/ audit experience; Asset management qualifications, e.g. IMC /CFA; Operational risk system experience and ICAAP/ICARA experience.

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.



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