Derivative Services & Oversight Lead Analyst 2

Who we’re looking for

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’re 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.

The base

We moved into our new HQ in the City of London in 2018. We’re close to our clients, in the heart of the UK’s financial centre and we have everything we need to work flexibly.

What you'll do

• Oversee daily operational activities performed by resource partners, including trade capture, confirmation, settlement, reconciliation and collateral management.

• Act as a second-level operational escalation point for BAU issues, coordinating timely resolution of complex exceptions and ensuring appropriate stakeholder updates.

• Provide clear, accurate and actionable service level reporting from department controls, MI and stakeholder feedback to measure Trade Operations performance against KPI benchmarks and service level expectations.

• Embed a culture of right-first-time execution and end-to-end ownership, ensuring issues are captured, escalated appropriately and driven through to closure.
• Perform intra-day oversight of key risk indicators and exceptions, taking prompt action to mitigate risk, record risk events and prevent issues reoccurring.
• Identify, prioritise and implement tactical process and control improvements within the Oversight remit, tracking benefits through to BAU adoption.
• Support strategic projects and change activity by providing operational input (requirements, process mapping, control impacts, testing/UAT and readiness), and helping embed new ways of working.

• Champion the need to deliver positive change and continual improvement for the business, by actively embracing new technologies and ways of working.

• Build and maintain strong working relationships with stakeholders, clients and service providers, supporting an effective operating rhythm and clear communications.
• Support maintenance of procedures, controls and evidence to remain risk minimal and audit-ready; assist with closure of audit actions and follow-up of remedial activity.
• Motivate and manage others on the team in cross skilling, building both their technical and interpersonal skillsets, and to deliver first class service

• Monitor lifecycle event processing (e.g., resets, expiries, credit events, corporate actions) to ensure accuracy and timeliness.

• Processing bespoke and complex trades and events.

• Review exception reports and escalate issues in a timely manner.

• 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.

• Contribute to continuous process improvement and automation initiatives.
  
   

The knowledge, experience and qualifications you need

• Strong understanding of derivative products (OTC and exchange-traded), including swaps, options, forwards, Repo and futures.

• Previous oversight and/or processing experience gained within a trade derivative confirmation/settlement team, and the associated support functions

• Knowledge of end-to-end derivative trade lifecycle and operational processes.

• The role is organised within a well-established framework. However, the role holder, is expected to play an active part in improving day-to-day procedures and how the work is to be tackled.

• Responsible for planning own workload typically against a backdrop of changing priorities and / or external events for a day ahead.

• Strong problem solving skills and the ability to communicate complex issues in concise actionable elements

• Is required to make routine judgments in situations that are understood and uncontentious. Expected to seek assistance for anything complex or out of the ordinary.

• Robust people management skills covering staff, stakeholders and other business areas     

• Supportive of team members with a willingness to share your knowledge

The knowledge, experience and qualifications that’ll help

• Asset Management qualifications i.e. IOC or IMC

• Experience of risk, change and project management

• Experience of service provider management

• A solid track record of delivering service improvements such as risk reduction and business efficiencies

• Wider experience in Asset Management and understanding of the end to end asset lifecycle

• Awareness of the risks associated within derivative operations with a proactive approach to preventative measures.

• Strong understanding of operational risks and control frameworks; 

• Numerical skills and the ability to monitor and produce high quality MIS, and naturally perform root cause analysis; 

• Experience of working with Aladdin would be advantageous

We recognise potential, whoever you are

Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought, facilitated by an inclusive culture, will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why 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.