Non Financial Risk Manager - Private Markets

The Non-Financial Risk Manager will provide 2nd Line of Defence (2LoD) 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 ExCo -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 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.

• Working knowledge of Private Markets, Private Credit, Infrastructure, Commercial Real Estate or Alternative Assets. 

We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. 

 If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. 

We’re reviewing applications as they come in and may close this role before the closing date, so apply early to avoid missing out.

Find out more about working at Standard Life

• Guide for Candidates: standardlifeplc.pagetiger.com/guideforcandidates

• Find or get answers from our colleagues: www.standardlifeplc.com/careers/talk-to-us

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