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Product Governance Manager

  • Location: United Kingdom
  • Salary: c.£80,000 + Bonus + Benefits per year
  • Job Type:Permanent

Posted 12 months ago

  • Sector: Compliance
  • Contact: Paul Clayton
  • Expiry Date: 20 January 2023
  • Job Ref: PC/19646

An exciting opportunity for the right candidate to work in a fast-growing investment management firm, during a period of key expansion as we evolve our proposition. As the Product Governance Manager, you will Lead the development of new products and reviews of existing products. You will also be responsible for implementing, managing and refining the company’s approach to product governance.

The role will involve:

•Lead the development of new products and reviews of existing products, working together with other teams including the Investment Team, Investment Operations Team, Finance, Marketing, Distribution, Compliance and Risk teams.

•Lead all product governance activities, including implementation of the company product governance policy which covers how the business designs, approves, markets and manages products throughout the product lifecycle.

•Responsible for ensuring that all key teams are aware of the company product governance policy and processes, including providing training and support on the requirements.

•Work closely with key stakeholders to develop product governance Management Information to feed into new product development and product reviews, including identifying and refining metrics to monitor: whether sales are being made to target markets, whether distribution strategy remains appropriate, and whether product or services are delivering appropriate customer outcomes.

•Responsible for following the agreed product governance processes, including documenting key activities using the agreed product governance templates.

•Producing a quarterly product governance report for the Product Governance Committee covering: any regulatory, legal and tax developments which impact product governance (including identifying any crucial events which may merit action) and an inventory of products and services (including scheduling periodic reviews).

•Manage the quarterly Product Governance Committee, including setting the agenda with the chair of the Committee, collating papers from attendees and taking the minutes.

•Leading a periodic review of the product governance policy, terms of reference for the Product Governance Committee and product governance templates.

•Be aware of the business practices and processes associated with the role, and act in a manner that takes account of regulatory and operational risk considerations.

Key Requirements:

•Proven experience in a product management and/or related governance management role, with the ability to be resilient and effectively multi-task under pressure in an environment where team priorities constantly develop.

•Knowledge and experience of meeting the FCA’s product governance requirements and ideally conduct risk management experience

•Knowledge and experience of retail distribution of investment products, both in the advised and non-advised space in the UK