At a Glance
- Tasks: Support and oversee derivative operations, ensuring compliance and efficiency.
- Company: Join Schroders, a global investment manager with over 200 years of experience.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for career growth in a supportive and innovative team.
- Why this job: Make an impact in the fast-paced world of derivatives and risk management.
- Qualifications: Strong understanding of derivatives and operational processes required.
The predicted salary is between 50000 - 70000 £ per year.
The Derivative Services & Oversight Team is responsible for ensuring the effective management, monitoring, and control of derivative operations within the firm.
This includes working with our resource partners, ensuring compliance with internal policies, industry standards, and regulatory requirements, and supporting the smooth execution of derivative transactions across all asset classes.
The team acts as the first line of defence for operational risk management in derivatives, providing assurance to senior management and investment teams that processes are efficient, accurate, and well‑controlled.
The team will be responsible for daily delivery of defined operational processes and the oversight of operations performed by external resource teams.
All team members will be expected to be multi‑skilled and be able to cover across the responsibilities to provide operational resiliency and coverage.
About
Schroders: We are 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.
- What you’ll do
- Provide technical support, guidance, and act as an escalation point for less experienced members of the team.
- Coaches the team on problem solving and query management techniques.
- Ensure the functions are meeting the needs of our business partners and internal clients.
- Keep up to date with regulatory changes impacting the trading process, and the broader industry.
- Oversee daily operational activities performed by resource partners, including trade capture, confirmation, settlement, and collateral management.
- Handle escalations of unresolved issues.
- Monitor lifecycle event processing (e. g., resets, expiries, credit events, corporate actions) to ensure accuracy and timeliness.
- Process bespoke and complex trades and events.
- Agree on new confirmation templates with Investment and Legal.
- Validate valuation, margin, and collateral processes, ensuring consistency with internal and regulatory requirements.
- Review exception reports andescalateissues in a timely manner.
- Ensure robust operational controls exist to mitigate risks associated with derivative trading.
- Perform periodic control testing and risk assessments across derivative operations.
- Monitor KPIs and service‑level agreements (SLAs) with outsourced providers.
- Participate in incident management, root‑cause analysis, and remediation tracking.
- Ensure all errors are reported in a timely manner and recorded in the appropriate systems.
- Oversee OTC reconciliations to ensure completeness, accuracy and compliance with regulatory requirements.
- Contribute to continuous process improvement and automation initiatives.
Requirements
- Strong understanding of derivative products (OTC and exchange‑traded), including swaps, options, forwards, repo and futures.
- Knowledge of end‑to‑end derivative trade lifecycle and operational processes.
- Familiarity with collateral management, margining, and valuation methodologies.
- Awareness of key regulations impacting derivatives (e. g., EMIR, Dodd‑Frank, Mi FIDII).
- Strong problem‑solving skills and ability to investigate and resolve complex operational issues.
- Risk‑aware mindset with experience in control frameworks and operational risk management.
- Ability to interpret data, reconcile discrepancies, and identify process gaps.
- Strong interpersonal and stakeholder management skills, with ability to influence service providers and internal teams.
- Clear written and verbal communication skills for reporting, issue escalation, and stakeholder engagement.
- Highly organized with strong attention to detail and accuracy.
- Ability to work under pressure, prioritize effectively, and manage multiple deliverables.
- Proficiency with operational systems (e. g., Markit Wire, DTCC, Tri Resolve, collateral platforms).
- Has a good understanding of either Aladdin Recs, Deco or other key modules that are used to manage derivatives.
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