Head of Derivative Services & Oversight at Schroders

London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

07 Oct, 26

Salary

0.0

Posted On

09 Jul, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Derivative Products, Trade Lifecycle Management, Collateral Management, Operational Risk Management, Stakeholder Management, Regulatory Compliance, Problem Solving, Leadership, Performance Management, Process Improvement, MarkitWire, DTCC, TriResolve, Aladdin Recs, Deco, Data Interpretation

Industry

Financial Services

Description

Overview of Role/Principle Responsibilities: 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. Key Responsibilities: * Leadership of the Derivative Services & Oversight team with accountability for operational performance and delivery of the team and resource partners. * Responsible for overall management and development of staff within the team. * Managing team members performance; conducting 1:1s, appraisals and enforcing group policies. * Setting the business goals and the vision for the teams in line with wider Company and Module goals. * Ensure the functions are meeting the needs of our business partners and internal clients. * Oversee daily operational activities performed by resource partners, including trade capture, confirmation, settlement, and collateral management. * Handle escalations of unresolved issues. * Monitor lifecycle event processing (e.g., resets, expiries, credit events, corporate actions) to ensure accuracy and timeliness. * Processing bespoke and complex trades and events. * Agreeing new confirmation templates with Investment and Legal. * Validate valuation, margin, and collateral processes, ensuring consistency with internal and regulatory requirements. * Review exception reports and escalate issues in a timely manner. * Ensure robust operational controls exist to mitigate risks associated with derivative trading. * Perform periodic control testing and risk assessments across derivative operations. * Monitor KPIs and service-level agreements (SLAs) with outsourced providers. * 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. * Oversee OTC reconciliations to ensure completeness, accuracy and compliance with regulatory requirements. * Contribute to continuous process improvement and automation initiatives. Skills and Behaviours Required: * Strong understanding of derivative products (OTC and exchange-traded), including swaps, options, forwards, Repo and futures. * Knowledge of end-to-end derivative trade lifecycle and operational processes. * Familiarity with collateral management, margining, and valuation methodologies. * Awareness of key regulations impacting derivatives (e.g., EMIR, Dodd-Frank, MiFID II). * Strong problem-solving skills and ability to investigate and resolve complex operational issues. * Risk-aware mindset with experience in control frameworks and operational risk management. * Ability to interpret data, reconcile discrepancies, and identify process gaps. * Strong interpersonal and stakeholder management skills, with ability to influence service providers and internal teams. * Clear written and verbal communication skills for reporting, issue escalation, and stakeholder engagement. * Highly organized with strong attention to detail and accuracy. * Ability to work under pressure, prioritize effectively, and manage multiple deliverables. * Proficiency with operational systems (e.g., MarkitWire, DTCC, TriResolve, collateral platforms) * Has a good understanding of either Aladdin Recs, Deco or other key modules that are used to manage Derivatives. 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. 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.

Responsibilities

Lead the Derivative Services & Oversight team to ensure effective management, monitoring, and control of derivative operations. Oversee daily operational activities, manage resource partners, and maintain robust operational controls to mitigate risk.