Head of Derivative Services & Oversight

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.

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

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.

• 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 elevate 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.

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

• Knowledge…