Product Governance Advisor

Eames Consulting are partnered with a Global Re-Insurance firm to appoint a Product Governance Advisor to advice the business on Conduct regulations including PROD and Consumer Duty.

About the role:

The role will be part of a small team responsible for approving, monitoring and reviewing insurance products to ensure they fulfil regulatory obligations and provide good customer outcomes. You will be responsible for ensuring that the Product Teams work closely with the wider business when developing, approving and monitoring and reviewing of products. You will liaise with relevant stakeholders to assist in the development and approval of new products and monitor products to ensure that they adhere to the respective regulatory frameworks.

Key Responsibilities:

• Work with partners to develop new products, ensuring that we bring the necessary skillsets from the Underwriting and Products team to help with the approval and growth of products
• Work with the team to ensure that any new products and any changes to existing products follow the Product Governance framework in order to be approved by the Global Underwriting and Product Committee.
• Monitor the development of new and existing products to ensure they perform within the required metrics. Respond to any product related queries. Work with the Product Governance manager on the product reviews and report findings of product reviews to relevant Boards, Committees and Senior Management as required and track actions to completion.
• To help maintain and update all related conduct and compliance policies and support the testing, monitoring and challenge of relevant processes. Ensure internal stakeholders have an understanding of product governance requirements across the business and accomplish training when required.

Key experience:

• Understanding of the relevant regulatory regimes that impact a Re-Insurance business.
• Strong understanding of PROD and Consumer Duty.
• Previous review experience and/or underwriting or audit experience beneficial and experience in wordings and contracts would be useful

Eames Consulting is acting as an Employment Agency in relation to this vacancy.