Non Financial Risk Manager - Private Markets

Permanent

This role could be based in either our London, Birmingham, or Edinburgh offices with time spent working in the office and at home.

All roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about flexible working here.

22nd October

Up to £80,000 dependent upon experience, plus indicative bonus range of 16-32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

We're Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone's journey to and through retirement can be better, and for more than 200 years, we've been helping our customers plan and prepare for their financial futures.

Life today is increasingly complicated, uncertain and unpredictable. People move through different careers, face unexpected moments and navigate important choices. We offer our colleagues flexibility, trust and benefits that work for whatever life brings. In return we expect curiosity, connection, accountability and high standards. We make room for what matters - so you can bring your best, every day.

The Non-Financial Risk Manager will provide 2nd Line of Defence (2

LoD) oversight of operational risks arising from the capital market areas, including Private Markets. The role will ensure risks are effectively identified, assessed, monitored, and managed, with a focus on supporting shareholder outcomes, maintaining regulatory compliance, and ensuring robust risk governance across the end-to-end product and servicing lifecycle.

The role is critical to promote informed decision making and controlled risk-taking that improves customer outcomes and delivers long term value for shareholders. Supporting the implementation and oversight of the Group's Risk Management Framework and partner with the Senior business stakeholders including RSAM Ex Co  
-1 members.

The role will work closely with the Head of Operational Risk, you will help embed a robust Risk Management Framework, providing independent oversight and challenge across key business activities to ensure risks are effectively identified, assessed, managed and reported.

• Provide independent second line oversight and challenge of operational risks and controls across policyholder and Private Markets activities.
• Review and challenge risk assessments, key risk indicators, control testing results and emerging risk themes.
• Assess the effectiveness of first line risk management frameworks, controls and mitigation activities.
• Support risk reviews of new products, business initiatives, operational changes and strategic projects.
• Partner with stakeholders across Origination, Portfolio Management, Asset Management, Operations to provide practical risk guidance.
• Support governance reporting, committee papers and senior management insights.
• Promote a strong risk culture and ensure material risks and issues are appropriately escalated and managed.
• Contribute to regulatory, governance and transformation initiatives across the business.

• Experience in Operational Risk, Non-Financial Risk, Internal Controls, Audit or a related discipline.
• Experience providing risk oversight within Private Markets, Private Credit, Infrastructure, Commercial Real Estate, Alternatives or Investment Management environments.
• Strong understanding of risks associated with illiquid assets, valuation processes, investment governance, delegated authority frameworks, third-party…