Overview
In this role, you will lead the Wealth Management Operational Risk team within Schroders’ Non-Financial Risk function, guiding risk oversight for Wealth Management activities. You’ll balance strategic governance with hands-on risk management, shaping risk culture and escalation practices across senior stakeholders. You’ll address emerging risks, including AI-related risks, and contribute to ICAAP/ICARA workstreams and internal controls reporting. This is an opportunity to drive robust risk management in a globally active wealth ecosystem and develop a high-performing team.
Pay / Benefits
- flexible working arrangements
- accommodations for neurodiversity and health needs
- equal opportunities employer
- global exposure
- development opportunities
Responsibilities
- Line manage two Wealth Management Operational Risk Managers and mentor the team
- Lead delivery of Wealth Management risk initiatives and risk appetite discussions
- Embed risk culture through strong relationships with senior stakeholders and business teams
- Identify new and emerging operational risks (including AI) and drive mitigations
- Present risk issues and trends to senior stakeholders and governance committees
- Oversee risk and control assessments, client changes, and risk change processes
- Support ICAAPs/ICARAs with Operational Risk Advisory, develop scenarios and capital estimates
- Oversee risk event investigations, escalation, and lessons learned
- Provide management information to Group Risk Committee, Wealth Management Audit and Risk Committee, and entity boards
- Contribute to Wealth Management projects through governance forums and steering committees
- Develop Wealth Management Risk Appetite Statements for applicable entities
- Escalate material risks outside appetite to senior leaders as appropriate
- Oversee Internal Controls Reports with external audit and first-line functions
- Provide training to first-line functions on policy requirements
- Coordinate oversight with Group Operational Risk team
- Undertake specialist risk activities related to significant change, regulatory initiatives, and emerging risks
Key requirements
- Significant experience in Wealth Management and operational risk management
- Strong knowledge of operational risk frameworks, policies, and risk appetite
- Experience overseeing risk event processes and investigations
- Experience supporting ICAAPs/ICARAs and risk capital requirements
- Good regulatory understanding of operational risk
- Experience with risk and control assessments across processes and change
- Experience producing risk reporting for governance forums
- Knowledge of scenario analysis and regulatory capital calculations
- Strong project management and leadership skills
- Excellent interpersonal, influencing and stakeholder management skills
- Strong written communication for risk reporting
- Organisational and time management skills
- Analytical, logical, and problem-solving abilities
- Ability to manage and develop a high-performing team
- Interpersonal skills
- Influencing and stakeholder management
- Collaborative mindset
- Operational risk frameworks and policies
- AI risk oversight
- Regulatory risk knowledge
Head of Wealth Management Operational Risk in London employer: Schroders
Schroders Wealth Management is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. Employees benefit from a strong commitment to professional development, a culture that prioritises risk management excellence, and the opportunity to make a meaningful impact on client outcomes while ensuring compliance with regulatory standards. With a focus on fostering a supportive atmosphere, Schroders empowers its team members to grow and excel in their careers.
