At a Glance
- Tasks: Lead the governance of new product delivery and ensure compliance with regulatory standards.
- Company: Join the Bank of London, a pioneer in safer business banking solutions.
- Benefits: Full-time role with opportunities for professional growth and a commitment to diversity.
- Other info: Collaborate with cross-functional teams and drive continuous improvement in product governance.
- Why this job: Shape innovative banking products while managing risk and compliance in a dynamic environment.
- Qualifications: Experience in Change Management within regulated financial institutions and strong communication skills.
The predicted salary is between 56700 - 69300 £ per year.
Job Description
Bank of London offers a safer business banking model by holding all deposits at the Bank of England, eliminating the risk of 'bank runs'.
It provides services such as Payments, Clearing and Settlement, Embedded Banking, Safeguarding and Client Money Accounts, and Virtual Accounts.
Powered by proprietary technology, the bank collaborates with SAP Fioneer to deliver innovative solutions.
With a focus on exceptional service and core values of compassion, ownership, and curiosity, the bank strives for excellence in all it does.
The Bank has an ambitious and forward‑looking change agenda.
We’re looking for a driven, experienced Change Product Manager to play a pivotal role in shaping and governing the delivery of new products.
This role operates within a strategic governance framework supporting several wide‑ranging initiatives across regulated products.
While the hands‑on delivery of each product will be managed by dedicated Product Managers, this role will lead the overarching governance process, ensuring all initiatives align with internal risk, control, and compliance standards (New Product Approval Procedure).
Many of these product initiatives may be developed in conjunction with clients, requiring close collaboration and co‑design.
As such, the role demands a strong subject‑matter expertise (SME) in regulation and industry practices, enabling you to contribute meaningfully to product design alongside other bank SMEs.
You’ll be the critical link between regulatory requirements, client needs, and product execution – shaping governance strategies that enable innovation while managing risk.
- Role Description
- Deliver the Change Management Procedure (commonly known as New Product Approval) for the Bank’s product roadmap.
- Own and maintain the Change Management Procedure documentation, including decision records, minutes, risk assessments, control requirements, ensuring an auditable record of the change governance.
- Coordinate the inputs from across the Bank (1LOD, 2LOD, commercial, finance, legal) to ensure new product proposals are thoroughly assessed beyond technical build.
- Act as the product business partner to risk and control teams, promoting collaboration on governance requirements and identifying automation or process enhancement opportunities.
- Ensure new products comply with applicable regulatory, operational, and conduct risk requirements based on across Bank feedback by communicating business requirements to Product Managers.
- Provide regular reporting and updates to governance committees or senior stakeholders on Change Management Procedure status.
- Monitor post‑implementation performance and risk indicators, ensuring products remain within approved boundaries.
- Drive continuous improvement of the product governance framework to align with evolving regulation and business priorities.
Requirements
- Experience managing a Change Management Procedure or equivalent New Product Approval process at a regulated financial institution.
- Ability to interpret and apply regulatory expectations and internal policy to new product proposals.
- Strong understanding of bank risk management, compliance, and internal control functions, gained in a financial institution or regulatory environment.
- Experience working cross‑functionally with business, legal, finance, compliance, and risk stakeholders.
- Knowledge of process automation and digital tooling to enhance governance and reduce manual controls is highly desirable.
- Excellent written and verbal communication skills, with the ability to document complex processes and engage stakeholders effectively.
- Highly proficient usage of the Microsoft Office suite, familiarity with project or workflow tools (e. g., JIRA, Confluence) is a plus.
- Seniority level
- Mid‑Senior level
- Employment type
- Full‑time
- Job function
- Finance
- Industries
- Banking
- Diversity and Inclusion
Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging.
All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.
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Product Change Manager employer: Bank of London
At Bank of London, we pride ourselves on fostering a dynamic and inclusive work culture that empowers our employees to thrive. As a Payments Product Analyst, you will benefit from comprehensive professional development opportunities, a collaborative environment, and the chance to contribute to innovative payment solutions in a rapidly evolving sector. Located in a vibrant city, our team enjoys a flexible work-life balance and the unique advantage of being at the forefront of financial technology advancements.
StudySmarter Expert Advice🤫
We think this is how you could land Product Change Manager
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Bank of London. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Product Change Manager
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Bank of London.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Bank of London's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Bank of London
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Bank of London.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Bank of London will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Bank of London employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
