This Interim Product Governance Director role is a pivotal position in the Risk & Compliance department of a leading insurance company. The successful candidate will manage key product governance initiatives, ensuring regulatory adherence and product quality.
Client Details
Our client is a leading global provider in the insurance industry with a significant presence in Europe. They serve millions of customers worldwide and are renowned for their commitment to providing first-rate services and products. They have a large, diverse team and a strong presence in the market.
Description
- Update the overall Product Governance Framework for UK and EU aligned to the businesses values and regulatory obligations including FCA Handbook and Insurance Distribution Directive.
- Assess, recommend and work with the business to implement improvements to product related processes including product oversight and governance policy, fair value assessment, distributor oversight, and the approach to vulnerable customers;
- Through clear capture of roles and responsibilities, improve and enhance the co-ordination and information sharing both between our different teams and with our clients and other distribution partners;
- Support the development and improvement of procedures for product related reporting including consumer duty management information, senior management and Board reporting (including annual reports) and regulatory submissions;
- Prepare implementation plans to embed revised policies and procedures within day to day activities
- Determine the resources required to implement changes and make a recommendation on the future operating model for product governance in the UK and EU.
Profile
A successful Interim Product Governance Director should have:
- A strong academic background in Risk Management, Business, Finance, or a related field.
- Experience of dealing with the FCA, ideally within an Insurance Industry
- Extensive knowledge and understanding of product governance within the insurance industry.
- Proven experience in managing and implementing product governance frameworks and controls.
- Exceptional leadership skills with the ability to influence and engage with senior stakeholders.
- Strong analytical skills with the ability to interpret complex regulatory requirements.
Job Offer
- An attractive daily rate outside of IR35,
- 95% remote with some office requirements
- The opportunity to influence product governance practices in a leading global insurance company.
- A vibrant and collaborative work culture in the North-West.
- The chance to work within a diverse and dynamic Risk & Compliance department.
We welcome all suitable candidates to seize this exciting opportunity. Don't hesitate