at Schroders
Asset ManagementPosted 2 days ago
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**Business Risk Manager, Controls Testing Lead** - **Location:** London, United Kingdom - **Responsibilities:** - Design, implement, and maintain Controls Testing Framework - Execute annual risk-based controls testing plan - Assess control design and operating effectiveness - Produce regular assurance reports and develop KPIs/KRIs - Support wider business risk management activities and transformation initiatives - **Skills Required:** - Extensive experience in risk, controls testing, assurance, internal audit, or compliance monitoring - Strong knowledge of Wealth Management control environments and FCA requirements - Experience designing and operating controls testing programs - Excellent analytical, reporting, and stakeholder management skills - **Seniority:** Senior role, reports to Global Head of Business Risk and Control
- Compensation
- Not specified
- City
- London
- Country
- United Kingdom
Currency: Not specified
Full Job Description
Location: London, United Kingdom
Business Risk Manager, Controls Testing Lead
Who were looking for
The Business Risk Manager, Controls Assurance Lead plays a critical role in supporting 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, Controls Assurance Lead is responsible for delivering a risk-based testing programme, identifying control weaknesses, supporting remediation activities, and providing senior management with assurance regarding the effectiveness of the control environment. The role acts as a critical component of the firm's three lines model by providing objective challenge within the First Line of Defence.
This role reports to the Global Head of Business Risk and Control and is based in London.
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.
The base
We moved into our new HQ in the City of London in 2018. Were close to our clients, in the heart of the UKs financial centre and we have everything we need to work flexibly.
What you'll do
Controls Testing Framework Ownership
- Design, implement and maintain the Front Office Controls Testing Framework.Develop consistent testing methodologies, standards, procedures and reporting.Ensure alignment with enterprise risk management frameworks and regulatory expectations.Maintain testing inventories and testing universe across all key business processes and control frameworks.Drive continuous enhancement of testing approaches through data-led and risk-based methodologies.Annual Controls Testing Programme
- Develop and execute a global risk-based controls testing plan.Prioritise testing based on risk assessments, incidents, regulatory developments and emerging themes.Control Design & Operating Effectiveness Reviews
- Assess whether key controls are appropriately designed to mitigate risks.Perform testing of operating effectiveness through sampling, walkthroughs and evidence reviews.Validate whether controls operate consistently and as intended.Identify control gaps, weaknesses, inefficiencies and potential regulatory breaches.Provide independent challenge to control owners and business management.Assurance Reporting & Management Information
- Produce regular testing and assurance reports for senior management.Develop meaningful KPIs and KRIs relating to control effectiveness.Wider Business Risk & Control Activities
- Support the wider Business Risk Management team in the execution of day-to-day risk and control activities across the Wealth Management business including issues management, horizon scanning, conducting thematic reviews etc.Influence business stakeholders to drive improvements in control effectiveness.Promote a strong risk awareness culture and accountability across the business.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
- Extensive experience in risk, controls testing, assurance, internal audit or compliance monitoring.Strong understanding of Wealth Management and private banking control environments.Experience designing and operating controls testing programmes.Strong knowledge of FCA requirements, Consumer Duty and conduct risk management.Excellent root cause analysis and issue management skills.Experience presenting findings to senior management and governance committees.Strong analytical, reporting and data interpretation capabilities.The knowledge, experience and qualifications thatll help
- Experience implementing continuous controls monitoring and automated testing in a private banking or wealth management firm.Experience across suitability, financial planning, investment management and financial crime.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.Motivated to shape this position due to new requirements.Flexible and able to cope with a changing environment.We Recognise Potential, Whoever You AreOur 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 FAQsApply now
SIMILAR OPPORTUNITIES
Business Risk Manager, Controls Testing Lead
Compensation
Not specified
City: London
Country: United Kingdom
ExperiencedNo visa sponsorship**Business Risk Manager, Controls Testing Lead** - **Location:** London, United Kingdom - **Responsibilities:** - Design, implement, and maintain Controls Testing Framework - Execute annual risk-based controls testing plan - Assess control design and operating effectiveness - Produce regular assurance reports and develop KPIs/KRIs - Support wider business risk management activities and transformation initiatives - **Skills Required:** - Extensive experience in risk, controls testing, assurance, internal audit, or compliance monitoring - Strong knowledge of Wealth Management control environments and FCA requirements - Experience designing and operating controls testing programs - Excellent analytical, reporting, and stakeholder management skills - **Seniority:** Senior role, reports to Global Head of Business Risk and Control
Full Job Description
Location: London, United Kingdom
Business Risk Manager, Controls Testing LeadWho were looking forThe Business Risk Manager, Controls Assurance Lead plays a critical role in supporting 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, Controls Assurance Lead is responsible for delivering a risk-based testing programme, identifying control weaknesses, supporting remediation activities, and providing senior management with assurance regarding the effectiveness of the control environment. The role acts as a critical component of the firm's three lines model by providing objective challenge within the First Line of Defence.This role reports to the Global Head of Business Risk and Control and is based in London.About UsSchroders 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.The baseWe moved into our new HQ in the City of London in 2018. Were close to our clients, in the heart of the UKs financial centre and we have everything we need to work flexibly.
What you'll doControls Testing Framework Ownership- Design, implement and maintain the Front Office Controls Testing Framework.Develop consistent testing methodologies, standards, procedures and reporting.Ensure alignment with enterprise risk management frameworks and regulatory expectations.Maintain testing inventories and testing universe across all key business processes and control frameworks.Drive continuous enhancement of testing approaches through data-led and risk-based methodologies.Annual Controls Testing Programme
- Develop and execute a global risk-based controls testing plan.Prioritise testing based on risk assessments, incidents, regulatory developments and emerging themes.Control Design & Operating Effectiveness Reviews
- Assess whether key controls are appropriately designed to mitigate risks.Perform testing of operating effectiveness through sampling, walkthroughs and evidence reviews.Validate whether controls operate consistently and as intended.Identify control gaps, weaknesses, inefficiencies and potential regulatory breaches.Provide independent challenge to control owners and business management.Assurance Reporting & Management Information
- Produce regular testing and assurance reports for senior management.Develop meaningful KPIs and KRIs relating to control effectiveness.Wider Business Risk & Control Activities
- Support the wider Business Risk Management team in the execution of day-to-day risk and control activities across the Wealth Management business including issues management, horizon scanning, conducting thematic reviews etc.Influence business stakeholders to drive improvements in control effectiveness.Promote a strong risk awareness culture and accountability across the business.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
- Extensive experience in risk, controls testing, assurance, internal audit or compliance monitoring.Strong understanding of Wealth Management and private banking control environments.Experience designing and operating controls testing programmes.Strong knowledge of FCA requirements, Consumer Duty and conduct risk management.Excellent root cause analysis and issue management skills.Experience presenting findings to senior management and governance committees.Strong analytical, reporting and data interpretation capabilities.The knowledge, experience and qualifications thatll help
- Experience implementing continuous controls monitoring and automated testing in a private banking or wealth management firm.Experience across suitability, financial planning, investment management and financial crime.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.Motivated to shape this position due to new requirements.Flexible and able to cope with a changing environment.We Recognise Potential, Whoever You AreOur 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
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