Operational Risk Manager

Schroders Investment Management
London, United Kingdom
May 01, 2021
May 31, 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we're looking for
We're looking for a Operational Risk Manager to join our Group Risk function. You will be responsible for providing the tools and framework for managing operational risk, and working closely with the first line of defence and other control functions.

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 5,000 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 team
The Group Risk function includes the following teams:
• Credit Risk;
• Enterprise Risk, including Operational Risk, Business Continuity and Resilience, Specialist Risk Oversight, Group Policy Framework and Governance, and Risk Aggregation;
• Investment Risk, including Quantitative Methodologies;
• 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;
• Chairs 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 to estimate 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
• Supporting the team in the ongoing administration of the operational risk system, Archer, and training of users;
• Analysis and reporting of operational risk MI including RCAs, risk events and issues for senior committees;
• Enhancing the reporting processes, including efficiency and accuracy;
• Facilitating the investigation of risk events, including significant event escalations;
• Assist with the project management of the Internal Controls Report (ISAE 3402);
• Assist with the running of the Significant Risk Event forum;
• Review and challenge of risk assessments across the business;

The knowledge, experience and qualifications you need
• Educated to degree level;
• High level proficiency in data analysis and reporting tools (e.g. PowerBI, VBA, Excel)
• Asset management and/or risk management experience;
• Strong written communication skills and attention to detail: the ability to write accurate, clear risk reports appropriate for the relevant audience;
• An aptitude to learn how to use a new system quickly and to be able to explain its functionality to others;

The knowledge, experience and qualifications that will help
• Assurance/ audit experience
• Asset management qualifications, e.g. IMC /CFA
• Operational risk system experience

What you'll be like
• Good communicator
• Good organisational and time management skills;
• Analytical with logic and problem solving skills;
• Good interpersonal skills and a team-player attitude;
• An ability to deal with sensitive issues;

We're looking for the best, whoever they are
Schroders is an equal opportunities employer. You're welcome here whatever your socio-economic background, race, sex, gender identity, sexual orientation, religious belief, age or disability.

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