Schroders Wealth Management - Business Risk Manager

Who we’re looking for

We are looking for an experienced Business Risk Manager to support the effective management of non-financial risk within Schroders Wealth Management by providing oversight of first-line risk and control activities and ensuring compliance with relevant regulatory and internal policy/framework requirements. 

 

The Business Risk Manager acts as a trusted advisor to the business, driving a strong risk culture and operational resilience by ensuring risks are proactively identified, assessed, and managed in line with the Group Risk Management Framework

 

About Schroders

Schroders is a global investment manager which provides active asset management, wealth management and investment solutions. We aim to provide excellent investment performance to clients through active management. We serve a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

 

Established in 1804, we have around 5,500 people across 36 global locations. Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies.

 

What you'll do

Risk & Control Framework Governance and Reporting

• Establish, maintain, and continuously enhance the first-line risk and control framework in alignment with the Risk Management Framework and corporate governance standards

• Ensure consistency, effectiveness and ongoing monitoring of controls across key front office and client lifecycle processes

• Prepare risk reporting, management information, and risk insights for senior management forums

• Contribute to monitoring evolving industry standards to maintain alignment and readiness

Risk Identification & Assessment

• Facilitate Risk and Control Assessments (RCA) and ensure identified risks are accurately captured in relevant systems
• Ensure proactive identification, transparent escalation, and timely remediation of risk issues and control gaps 
• Lead root cause analysis (RCA) following risk events and support definition of remedial actions

Client Management Framework & Governance

• Own and maintain the Client Management Handbook, ensuring it remains current, practical, and aligned with regulatory requirements, internal policies, and business standards.
• Act as the central coordinator for updates to client management standards, procedures, and guidance impacting Front Office activities.
• Monitor adherence to the Client Management Handbook and identify areas requiring clarification, enhancement, or remediation.
• First Line Oversight Coordinate the remediation of client documentation deficiencies, control gaps, and review findings with Front Office, Compliance, Operations, and other stakeholders. 
• Escalate material breaches, recurring deficiencies, and emerging risks to management and support the development of corrective action plans. 
• Perform thematic analysis of review outcomes to identify trends, root causes, and opportunities to strengthen the control environment.

Investment & Product Partnership

• Partner closely with Investment and Product teams to provide risk and control guidance and oversight.
• Support the identification and assessment of risks arising from investment and product activities, ensuring appropriate controls and governance are in place.
• Work collaboratively with relevant stakeholders to address risk and control matters and support timely remediation where required.

Audit Interaction

• Act as the key point of contact for internal/external auditors on first-line control matters

Control Culture & Leadership

• Promote a strong risk awareness culture and accountability across the first line.
• Provide coaching and guidance to management and business teams on risk responsibilities, ownership, and accountability.

Performance & Reporting

• Produce executive-level dashboards, risk insights, and thematic analysis to inform decision-making.
• Track and oversee risk remediation portfolios and key control initiatives.

Continuous Improvement & Transformation

• Identify opportunities to enhance processes, automation, and data quality within risk management
• Support transformation initiatives to improve the Wealth risk operating model
• Contribute to strengthening the overall control environment, moving from reactive to more proactive risk management

The knowledge, experience and qualifications you need

• Minimum 10 years of relevant experience in banking or financial services risk management, compliance, or internal audit.

• Demonstrated experience in first-line risk management roles or equivalent operational control environment

• Strong understanding of regulatory requirements (MAS, , AML/KYC, operational risk, risk governance frameworks)

• Experience in private banking, wealth management, or a comparable regulatory environment

• Strong analytical and problem-solving capabilities with the ability to interpret risk data and translate into actionable insights.

• Strong stakeholder management and influencing skills, with the ability to challenge constructively

• High integrity, independence of thought, and sound judgment.

• Ability to influence organizational culture and drive accountability

• Flexible and able to cope with a changing environment

The knowledge, experience and qualifications that’ll help

• Professional certifications in Operational Risk and/or Risk Management

• Motivated to shape this position due to new requirements

We recognise potential, whoever you are

Our purpose is to deliver excellent investment performance to clients through active management. We believe diverse perspectives and an inclusive culture help us make better decisions and achieve better outcomes for our clients. That's why inclusion is a strategic priority for us, and 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.

We will consider flexible working arrangements for all roles and provide reasonable accommodations to support applicants and employees, including those with neurodiversity, disability, or physical and mental health needs. For more information, please visit our FAQs.