Product Governance Manager

3 days ago

Remote, United Kingdom Admiral Group Full time

Hybrid

We are seeking an experienced Product Governance Manager to join our new centralised Product Governance team. Reporting to the Head of Product Governance, the successful candidate will develop and maintain strong business relationships with Senior Management and key stakeholders. Your primary focus will be to ensure comprehensive understanding, interpretation, and application of regulatory expectations related to product governance obligations.

Main Duties

  • Collaborate with Senior Management and stakeholders to support the business in meeting regulatory expectations.
  • Assist in the assessment and approval process for proposed new products and changes to existing products through the Product Governance Committee, ensuring continued fair value for customers.
  • Embed product governance principles and practices within the business.
  • Develop and deliver training on relevant processes to enhance understanding and compliance.
  • Lead and support in the development of Product Fair Value Assessments
  • Serve as the primary point of contact for Information Requests, FVAs, Product Reviews/Approvals, Distribution Impact Assessments, and other related activities as directed by Senior Management.

Key Skills, Experience and Qualifications

  • Strong knowledge of regulatory expectations regarding Product Governance, Consumer Duty & Fair Value assessments and the implementation of systems and controls across various business profiles.
  • Extensive experience working in a compliance role (1st/2nd LOD) within an Insurer, Insurance Intermediary, or MGA
  • Knowledge and experience in personal lines insurance products is beneficial but isn't essential
  • Demonstrated ability to build constructive relationships with business leaders and senior management.
  • Commercial awareness and focus on the application of regulation within the insurance industry.
  • Broad knowledge and understanding of insurance principles, products, and services.
  • Effective planning, organisation, analytical and problem-solving capabilities
  • Proficiency in analysing complex data to synthesise meaningful insights is a requisite
  • Ability to solve problems using lateral thinking

Please note - we may close this vacancy early if we receive lots of applications or business priorities change.

Admiral: Where You Can

We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We're committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.

Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave.

We're proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years We're fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.

Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here.

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