Business Risk Manager, Controls Testing Lead

Overview

In this role you will lead the controls assurance and testing agenda to strengthen non-financial risk management in Schroders Wealth Management. You will own the Front Office Controls Testing Framework and a global risk-based testing programme, providing objective challenge and assurance to senior management. You will collaborate with risk, control owners and business stakeholders to identify gaps, drive remediation and promote a proactive risk culture. This is a strategic, global role within the firm’s three-lines model, with a focus on regulatory alignment and continuous improvement.

Responsibilities

• Design, implement and maintain the Front Office Controls Testing Framework with standardised methodologies and reporting
• Develop and maintain a global, risk-based controls testing programme and testing universe
• Assess control design and operating effectiveness; perform sampling, walkthroughs and evidence reviews
• Identify control gaps and potential regulatory breaches; provide independent challenge to control owners
• Produce regular testing and assurance reports with KPIs and KRIs for senior management
• Support wider risk and control activities across Wealth Management (issues management, horizon scanning, thematic reviews)
• Influence stakeholders to improve control effectiveness and promote risk awareness culture
• Support transformation initiatives to strengthen the Wealth risk operating model and move towards proactive risk management

Key requirements

• 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

• Stakeholder management
• Influencing and constructive challenge
• Analytical thinking and problem-solving
• Controls testing
• Risk-based testing methodologies
• Data interpretation and reporting

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