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For Companies At a Glance
- Tasks: Manage and oversee insurance products, ensuring compliance and continuous improvement.
- Company: Join RAC, a leader in providing peace of mind through innovative insurance solutions.
- Benefits: Enjoy hybrid work, competitive salary, bonus schemes, and extensive employee perks.
- Why this job: Be part of a collaborative culture that values diversity and drives positive change.
- Qualifications: Knowledge of insurance and regulatory frameworks; strong communication and organisational skills required.
- Other info: This is a 10-month fixed-term role with opportunities for personal and professional growth.
The predicted salary is between 36000 - 60000 £ per year.
About The Role
We\’re excited to offer a 10-month fixed-term opportunity for an Insurance Product Governance Manager to join our Insurance team. This role will be a hybrid role, where you will spend two days in the office in Bradley Stoke and three days at home.
You\’ll oversee a broad range of product governance activities across our insurance products, helping us achieve sustainable performance while supporting key business objectives.
What You\’ll Do…
You will manage, maintain, influence and oversee our products from end-to-end, across a diverse range of operating models, including:
Product Oversight & Governance
- Lead end-to-end oversight of insurance products across propositions, distribution, customer journeys, and fair value assessments.
- Maintain and enhance governance frameworks, ensuring regular reviews and robust documentation.
Regulatory Compliance
- Ensure all products comply with relevant regulations, including FCA PROD rules and Consumer Duty requirements.
Stakeholder Engagement
- Collaborate with cross-functional teams including Compliance, Marketing, Operations, and Distribution to ensure products meet both regulatory and customer expectations.
Reporting & Analysis
- Analyse management information (MI) to identify trends, risks, and opportunities for improvement.
Committee Coordination
- Prepare and manage Product Governance Committee materials, including packs and meeting minutes.
Continuous Improvement
- Proactively identify and support delivery of change initiatives and continuous improvement opportunities.
What You\’ll Need…
You\’ll ideally have a knowledge of the general insurance industry, with an awareness for the regulatory framework and best practice, along with the following;
- Interest in personal lines insurance products and operating models.
- Experience working in a product governance, compliance, complaints or other oversight function.
- Strong communication and collaboration skills, with the ability to work effectively in a fast-paced environment.
- Proactive and inquisitive mindset with a drive for continuous improvement.
- Be highly organised with an exceptional attention to detail.
What we offer
At RAC, our colleagues go above and beyond to create peace of mind for our members. And we believe in rewarding you in return. As well as a competitive salary, you\’ll have all these extra benefits:
- Eligibility to join our annual bonus scheme.
- Colleague Share Scheme – a unique opportunity to become an owner of our business and share in the future success of RAC.
- Holidays 25 days & bank holidays.
- Option to join RAC\’s Group Personal Pension scheme where we will match / contribute up to 6.5% on qualifying earnings.
- 2 x Basic Salary Core Employer funded Life Assurance cover (4 x for pension scheme members) with the option to flex up to 10 x cover through our flexible benefits offering.
- Confidential personal support service, available 24 hours a day every day of the year for you and any family members ages 16+ in your household.
- Car salary sacrifice scheme – after 12 months of employment, where you\’ll enjoy significant tax savings, including electric vehicle options.
- FREE RAC Ultimate Complete Breakdown Service from Day One.
- Access to Orange Savings, our online discounts portal offering 1000\’s of savings on high street retailers, supermarkets, holidays, tech and much, much more.
We\’re committed to developing a culture that is representative of the diverse communities we serve and one which is open, accessible, collaborative, and inclusive. We welcome applicants of all backgrounds and experiences. #J-18808-Ljbffr
Product Governance Manager employer: RAC Careers
Contact Detail:
RAC Careers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Governance Manager
✨Tip Number 1
Familiarise yourself with the FCA PROD rules and Consumer Duty requirements. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance, which is crucial for the Product Governance Manager role.
✨Tip Number 2
Network with professionals in the insurance industry, especially those involved in product governance and compliance. Engaging with them can provide insights into best practices and may even lead to referrals or recommendations for the position.
✨Tip Number 3
Prepare to discuss specific examples of how you've contributed to product oversight or governance in previous roles. Highlighting your experience with cross-functional collaboration will show that you can effectively engage with various teams.
✨Tip Number 4
Stay updated on current trends and challenges in the insurance sector, particularly in personal lines. This knowledge will help you articulate your understanding of the market and how you can contribute to continuous improvement initiatives.
We think you need these skills to ace Product Governance Manager
Some tips for your application 🫡
Understand the Role: Read the job description carefully to understand the key responsibilities and requirements for the Product Governance Manager position. Tailor your application to highlight relevant experience in product governance and compliance.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in product governance, regulatory compliance, and stakeholder engagement. Use specific examples to demonstrate your skills and achievements in these areas.
Showcase Your Skills: Make sure to showcase your strong communication and collaboration skills, as well as your proactive mindset. Mention any experience you have with continuous improvement initiatives or managing cross-functional teams.
Proofread Your Application: Before submitting your application, proofread all documents for spelling and grammatical errors. Ensure that your CV and cover letter are well-structured and clearly convey your suitability for the role.
How to prepare for a job interview at RAC Careers
✨Understand the Regulatory Landscape
Familiarise yourself with the FCA PROD rules and Consumer Duty requirements. Being able to discuss how these regulations impact product governance will show your depth of knowledge and preparedness for the role.
✨Showcase Your Stakeholder Engagement Skills
Prepare examples of how you've successfully collaborated with cross-functional teams in the past. Highlighting your communication skills and ability to work effectively in a fast-paced environment will be crucial.
✨Demonstrate a Proactive Mindset
Be ready to discuss instances where you've identified opportunities for improvement or change initiatives. This will illustrate your proactive approach and commitment to continuous improvement, which is key for this role.
✨Prepare for Committee Coordination
Think about your experience in preparing materials for meetings or committees. Being able to articulate your organisational skills and attention to detail will be important, especially when discussing how you would manage Product Governance Committee materials.