Company Overview
As a global investment manager, we help institutions, intermediaries and individuals meet their goals, fulfil their ambitions, and prepare for the future. But as the world changes, so do our clients needs. Thats why we have a long history of adapting to suit the times and keeping our focus on what matters most to our clients.
Doing this takes experience and expertise. We bring together people and data to spot the trends that will shape the future. This provides a unique perspective which allows us to always invest with conviction. We are responsible for $
- 9 billion (£750.6 billion / 866.2 billion)* of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Today, we have 6194 people based in 38 locations who focus on doing just this.
We are a global business thats managed locally. This allows us to always keep our clients needs at the heart of everything we do. For over 200 years and more than seven generations weve grown and developed our expertise in tandem with our clients needs and interests.
- as at 31 Dec 2023
Team Overview
Group Risk is part of the second line of defence at Schroders and therefore works closely with the other second line functions, most notably Compliance, Legal, Finance and Human Resources and the 3rd line of defence, being Group Internal Audit. The purpose of Group risk is to provide independent oversight and challenge to the 1st line of defence. The Group Operational Risk team is responsible for the development, maintenance, and oversight of the operational risk management framework, operational risk policies and procedures, operational risk management tools and systems. The APAC Operational Risk team provides advisory support in the interpretation and adoption of the Operational Risk framework/policy and reviews and challenges all risk events, reviews RCA (Risk and Control Assessment) conducted by the business and oversees operational risk management across the region.
Overview of role
This role is responsible for operational risk management oversight of certain functions across Singapore, Indonesia and Australia as well as taking part in Regional and Global initiatives alongside APAC Operational Risk team.
Key Responsibilities
Oversight of the operational risk policy/framework and adherence of the components within by the 1st line of defence (including providing advice in carrying out the tasks and maintenance of required information in Operational Risk tool, Archer) such as operational risk events, risk issues and actions as well as the Risk and Control Assessment (RCA)
Be the SME for Archer and provide training and guidance as needed
Maintain oversight of the material sources of operational risk for certain functions across Singapore, Australia and Indonesia and where relevant, provide proactive advice with a forward-looking perspective to local management
Establish and maintain firm working relationships with business areas to keep informed of changes and business developments
Involvement in key projects and initiatives to oversee the risk identification, assessment and mitigation plans by the 1st line of defence and challenging the operational risk assessments, as relevant, so that these are performed appropriately
Assist the Operational Risk Manager, Singapore on the New Product and New Client risk assessment process to review and challenge the assessment results and mitigation proposed/undertaken where appropriate.
Support Group Risk and APAC Ops Risk initiatives and projects and participate in project meetings/working groups as required
Timely escalation of material issues to Operational Risk Manager, Singapore and Regional Head of Enterprise Risk APAC
Produce relevant operational risk MI (including Key Risk Indicators) as required
Other ad-hoc activities e.g., carry out risk based deep dive reviews based on requests from local management
Essential Skills
Bachelors/Masters Degree holder preferably in Business Administration, Finance, Risk Management or other equivalently appropriate disciplines
3-5 years of experience within the Financial Services industry with at least 2 years spent either within 1st line risk or control or 2nd line operational risk management. Knowledge of the Asset Management industry preferable
Solid knowledge of the operational risk management and internal controls Proficiency in Microsoft Excel, Word, Powerpoint as well as Power BI (Visio with VBA skills a plus)
Initiated and proactive with hands-on attitude
Possess a change mind-set with an ability to constantly challenge status quo
Passionate about acquiring the skills and knowledge required to independently exercise operational risk oversight
Ability to cope with pressure and flexibility
Good communication and presentation skills
Desirable Skills
An ability to engage effectively with a range of different individuals across the organization
Innate ability to synthesize information and to understand what the key issues are, and the appropriate actions required to address these
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 characteristics.
