Operational Risk Manager - Non-Financial (2LoD)

Standard Life plc; City of Edinburgh; Hybrid; GBP 48,000 - 80,000; Full time

Benefits offered by this job

Private medical cover

38 days annual leave

Excellent pension

12x salary life assurance

Career breaks

Income protection

3x volunteering days

Job summary

Standard Life plc in the UK seeks a Non-Financial Risk Manager to provide 2nd Line oversight of operational risks across capital markets, including Private Markets. You will ensure risks are identified, assessed and managed, supporting shareholder outcomes and regulatory compliance.

You will partner with senior stakeholders, embed the risk framework, and deliver robust governance across the product and servicing lifecycle, promoting a strong risk culture and effective escalation where needed.

Qualifications

• 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 managers and operational execution across the investment lifecycle.
• Knowledge of the regulatory and governance expectations applicable to asset management and retirement savings businesses.
• Strong analytical and problem-solving skills, with the ability to identify emerging risks and recommend practical solutions.

Responsibilities

• 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.

Skills

Operational Risk

Non-Financial Risk

Internal Controls

Audit

Risk Governance

Analytical Skills

Job description

Standard Life plc in the UK seeks a Non-Financial Risk Manager to provide 2nd Line oversight of operational risks across capital markets, including Private Markets. You will ensure risks are identified, assessed and managed, supporting shareholder outcomes and regulatory compliance.

You will partner with senior stakeholders, embed the risk framework, and deliver robust governance across the product and servicing lifecycle, promoting a strong risk culture and effective escalation where needed.