Product Governance Manager Underwriting and Schemes The Role: To manage the U&S Division's Product Governance approach, ensuring that all products deliver good customer outcomes.
To oversee the product governance process by liaising with relevant internal and external parties, ensuring compliance with our regulatory requirements and maintaining high standards of stakeholder satisfaction.
Responsibilities: Coordinate and liaise with the relevant product manager(s) to ensure the timely completion of all U&S annual product reviews documents as required by the regulator, ensuring adherence to set timescales.
Provide constructive challenge to product review conclusions, ensuring sufficient evidence of fair value considerations has been documented.
Coordinate and liaise with the relevant product manager(s) to ensure that any changes to existing products follow the product governance framework.
Generate quarterly Product Governance Oversight Committee (PGOC) reports and provide relevant updates to stakeholders and appropriate divisional committees.
Utilise data to update previously completed product reviews, engaging with relevant business units in preparation for senior management (SMCR function) sign-off.
Produce a timetable for all U&S annual product reviews and oversee completion to agreed timetable.
Provide relevant training to relevant stakeholders on amendments to the product governance framework and ensure ongoing awareness of product governance lifecycle requirements.
Respond promptly and accurately to insurer-led requests for product information to facilitate their own annual reviews.
Ensure the divisional database of Fair Value Assessments and Target Market Statements is kept up to date.
Liaise with relevant stakeholders in the preparation, distribution, and analysis of annual distribution chain assessments.
Attend appropriate governance meetings, providing data and reports as required, and represent the division quarterly at the Product Governance Oversight Committee.
Collaborate with the 1LOD and 2LOD compliance teams to ensure ongoing compliance with Group and regulatory requirements as they evolve and to make the product review process as efficient and user friendly as possible.
Communicate effectively with other stakeholders and the wider business on relevant matters.
Keep the SMCR function holder informed of any relevant issues.
Conduct an annual review of the divisional process to identify and implement necessary changes to maintain product governance standards.
To attend Company and/or meetings and events as required, including prescribed training.
Also, to achieve the minimum requirements for CPD through training provided in house or by identifying development areas during your Performance & Development Review meetings Experience: Previous experience in insurance Previous experience in a regulatory environment Good working knowledge of Excel Ability to use company data systems and run reports independently SAS software & reporting As well as a competitive salarywe offer the following benefits - Competitive holiday allowance with the annual option to buy additional days Death in Service benefit of x4 salary Company pension scheme Enhanced maternity and paternity leave packages A flexible benefits package which allows you to add additional benefits to your overall package Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel and many more Referral schemes Discounted rates on PIB products We offer a first-class employee benefits and welfare package to support our employees with financial management, cycle to work scheme, counselling support,health screening, will writing, menopause support, books, stopping smoking and much more If supporting the local community, engaging with charities and having the opportunity to give something back interests you, you have the opportunity to take an extra day to support this with a Volunteering day.
We also offer a wide range of discounts including a kids pass giving you discount to over 4500 attractions and activities, discounts at hairdressers and beauticians, climate change projects with lots of other optionsto choose PIB has a comprehensive learning & development framework, including professional study options and apprenticeships which are available to all employees, and which will support your career development Being a part of our PIB Community Trust, we support fundraising where you can apply for grants from PIB Group towards your chosen charity PIB Group are committed to improving their environmental impact in a responsible way.
From the individual actions that our colleagues take every day through to installing the right facilities across our premises, there are many measures in place to help reduce PIBs carbon footprint.
We are proud of our success and growth and have been recognised for many industry awards across our business.
If you wish to work for a company that truly puts people at the heart of their organisation, then we would love to hear from you.
PIB operates a flexible working policy, and our management teams will talk to you about how that would meet both your flexible working needs and those of the business and role you are applying for.
Wewould love to hear from you if you want to hear more about opportunities in PIB.
We are an equal opportunities employer, committed to hiring a diverse and inclusive workforce.
We do not discriminate on the basis of race, colour, gender, religion, disability, age, sexual orientation or any other characteristic protected by law.
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