Product Governance Analyst
SKILLS
FULL DESCRIPTION
Summary
As a Product Governance Analyst, you will play a crucial role in ensuring that our products and services meet the highest standards of customer protection and regulatory compliance. You will be responsible for analysing and assessing our product portfolio, identifying potential risks, and implementing measures to mitigate those risks. Your expertise in the UK insurance market and knowledge of customer duty of care regulations will be instrumental in shaping our product governance framework.
Key Responsibilities
- Conduct comprehensive analysis of our product portfolio to ensure adherence to the highest levels of consumer protection.
- Work as part of the Product Governance team to ensure business units are compliant in respect of New Product development and Existing Product changes.
- Assist with identification and implementation of Product Governance controls, and ensure our processes and best practice are appropriately documented.
- Be integral to the Product Review process, ensuring Product Assessments are completed annually or as required, and all products go through regular risk reviews.
- Collaborate with cross-functional teams, including Legal, Compliance, and Product Development, to ensure compliance with regulatory requirements.
- Develop and implement product governance policies and procedures to ensure adherence to Consumer Duty regulations.
- Monitor industry trends and regulatory changes related to customer duty of care and provide recommendations for necessary adjustments to our product offerings.
- Conduct regular audits and reviews to assess the effectiveness of our product governance framework.
Core Requirements
- Must have proven experience in product governance, compliance, or a similar role within the UK insurance market.
- In-depth knowledge of customer duty of care regulations and their application in the insurance industry.
- Analytical skills with the ability to assess complex information and identify potential risks.
- Experienced in managing stakeholder relationships at all levels including C-Suite.
- Excellent communication and interpersonal skills to effectively collaborate with cross-functional teams.
- Detail-oriented with a strong focus on accuracy and compliance.
- Ability to work independently and manage multiple projects simultaneously.
- Professional certifications in product governance or compliance (desired but not mandatory).
The Role:
As a Product Governance Analyst, you will play a crucial role in ensuring that our products and services meet the highest standards of customer protection and regulatory compliance. You will be responsible for analysing and assessing our product portfolio, identifying potential risks, and implementing measures to mitigate those risks. Your expertise in the UK insurance market and knowledge of customer duty of care regulations will be instrumental in shaping our product governance framework.
- Conduct comprehensive analysis of our product portfolio to ensure adherence to the highest levels of consumer protection.
- Work as part of the Product Governance team to ensure business units are compliant in respect of New Product development and Existing Product changes.
- Assist with identification and implementation of Product Governance controls, and ensure our processes and best practice are appropriately documented.
- Be integral to the Product Review process, ensuring Product Assessments are completed annually or as required, and all products go through regular risk reviews.
- Collaborate with cross-functional teams, including Legal, Compliance, and Product Development, to ensure compliance with regulatory requirements.
- Develop and implement product governance policies and procedures to ensure adherence to Consumer Duty regulations.
- Monitor industry trends and regulatory changes related to customer duty of care and provide recommendations for necessary adjustments to our product offerings.
- Conduct regular audits and reviews to assess the effectiveness of our product governance framework.
Experience Required:
- Must have proven experience in product governance, compliance, or a similar role within the UK insurance market.
- In-depth knowledge of customer duty of care regulations and their application in the insurance industry.
- Analytical skills with the ability to assess complex information and identify potential risks.
- Experienced in managing stakeholder relationships at all levels including C-Suite.
- Excellent communication and interpersonal skills to effectively collaborate with cross-functional teams.
- Detail-oriented with a strong focus on accuracy and compliance.
- Ability to work independently and manage multiple projects simultaneously.
- Professional certifications in product governance or compliance (desired but not mandatory).
If the above role is of interest and you fit the following criteria, please apply online for consideration. Please note that sponsorship unfortunately, cannot be offered for this role and all successful applicants must have recent product governance or relevant compliance experience within the UK Insurance market.