About Us
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.
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 and Legal 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 exercises operational risk oversight across the business areas in Hong Kong and China (excl. FMC), provides risk advisory support where relevant as well as participates in Regional and Global initiatives alongside the APAC Operational Risk team. The incumbent will report to the Senior Operational Risk Manager, Non-Financial Risk.
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 across Hong Kong and our China franchises (excl. FMC), both for the asset management and private assets businesses, 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
•Participate in the new product and new institutional client take-on risk assessment processes 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
•Represent Operational Risk within various local/regional Committee meetings, project Steering Committees and working groups, as relevant
•Timely escalation of material issues to Senior Operational Risk Manager, Non-financial Risk
•Produce relevant operational risk MI (including Key Risk Indicators) as required
•Other ad-hoc tasks as relevant
Essential Skills
•Bachelors/Master's Degree holder preferably in Business Administration, Finance, Risk Management or other equivalently appropriate disciplines
•At least 8-10 years of experience within the Financial Services industry with a minimum of 7 years spent either within 1st line risk or control or 2nd line operational risk management. Knowledge of the Asset Management industry and prior Private Asset experience preferable
•Solid knowledge of operational risk management and strong risk/internal controls mindset
•Passionate about analysing risk issues and control gaps and adept at defining solutions and process improvements
•Possess a change mind-set with an ability to constantly challenge status quo
•Ability to work independently and under pressure whilst being a good team player
•Initiated and proactive with a hands-on attitude
•Good communication and presentation skills
•Strong command of both English and Mandarin (spoken and written)
•Proficiency in Microsoft Excel, Word, Powerpoint as well as Power BI (Visio with VBA skills a plus)
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
