Derivative Support Manager

Schroders; Greater London; Hybrid; GBP 90,000 - 150,000; Full time

Benefits offered by this job

Flexible working

Job summary

Schroders seeks a senior leader to head Derivative Services & Oversight, guiding teams across derivative operations, data-driven risk management, and external partner coordination. You’ll ensure timely processing of complex trades, maintain controls, and drive improvements in performance and efficiency.

The role requires broad derivatives expertise, strong people management, and a bias for process optimization in a flexible, hybrid London setting.

Qualifications

• Strong understanding of derivative products (OTC and exchange-traded).
• End-to-end derivative trade lifecycle knowledge.
• Familiarity with collateral management and margining.
• Awareness of key regulations (EMIR, Dodd-Frank, MiFID II).
• Strong problem-solving and issue resolution abilities.
• Risk-aware mindset with control framework experience.
• Ability to interpret data, reconcile discrepancies, and spot gaps.
• Excellent stakeholder management and communication skills.
• High organization and attention to detail.
• Ability to work under pressure and manage multiple deliverables.
• Proficiency with MarkitWire, DTCC, and Excel; Aladdin knowledge a plus.

Responsibilities

• Lead the Derivative Services & Oversight team with accountability for performance.
• Develop staff and conduct 1:1s, appraisals, and policy enforcement.
• Manage stakeholder needs and align with business partners.
• Oversee daily operations by Derivatives Support and escalate issues.
• Monitor lifecycle events, confirmations, and exception reports.
• Ensure robust controls to mitigate derivative trading risks.
• Perform periodic control testing and risk assessments.
• Track KPIs and SLAs with outsourced providers.
• Engage in incident management and root-cause analysis.

Skills

Derivative products

Trade lifecycle

Collateral mgmt

Regulations (EMIR, MiFID)

Problem solving

Operational risk

Data interpretation

Stakeholder mgmt

Communication

Attention to detail

Aladdin knowledge

MarkitWire

DTCC

Excel

Tools

MarkitWire

DTCC

Excel

Aladdin

Job description

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.

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

• 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.

• Ensure the function is meeting the needs of our business partners and internal clients.

• Oversee daily operational activities performed by the Derivatives Support team.

• 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.

• 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.

• 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.

• 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) as well as advanced Excel skills

• Having a good understanding of Aladdin would be a distinct advantage.

We recognise potential, whoever you are

Our purpose is to deliver excellent investment performance to clients through active management. We believe diverse perspectives and an inclusive culture help us make better decisions and achieve better outcomes for our clients. That\'s why inclusion is a strategic priority for us, and 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 will consider flexible working arrangements for all roles and provide reasonable accommodations to support applicants and employees, including those with neurodiversity, disability, or physical and mental health needs. For more information, please visit our FAQs.