Proposition Lifecycle and Governance

At Rathbones, we help people invest their money well, so they can live well. That means more than financial returns - it's about helping people feel confident in their decisions and supported in their future. We're proud to be one of the UK's leading wealth managers, with over £109bn in assets under management and 20+ offices across the UK and Channel Islands.

In this role you will play a key role in ensuring that every proposition Rathbones offers delivers, sustains, and can clearly evidence good client outcomes throughout its lifecycle. You will be key to embedding the identification, prevention, monitoring, and remediation of foreseeable harm within proposition design and governance. This includes ensuring propositions are suitable for their defined target markets, represent fair value and support consumer understanding in line with consumer duty.

You will own the governance infrastructure that enables this: the frameworks, forums, documentation, metrics, and decision-making cadences that ensure propositions are consistently well-defined, properly challenged, and actively managed in the interests of clients.

What you'll be responsible for:

• Maintain and evolve the proposition governance framework so that good client outcomes and foreseeable harm are explicit decision criteria at every lifecycle gate.
• Own the forums, terms of reference, decision rights, escalation routes, and documentation standards that underpin proposition governance.
• Provide secretariat and, where appropriate, chairing support for proposition governance forums.
• Ensure governance decisions are evidence-led, outcome-focused, and consistently applied across the proposition set.
• Operate the proposition lifecycle as an outcome-focused process covering new proposition development and approval, material changes and re-approvals, periodic outcome-based reviews, and controlled withdrawal where propositions no longer deliver good outcomes or present unacceptable harm.
• Ensure foreseeable harm is assessed at design stage and revisited whenever propositions, markets, or client behaviours change.
• Own and operate the Rathbones' fair value assessment programme for in-scope propositions.
• Ensure every proposition has a clearly defined, evidenced target market.
• Define and operate proposition performance metrics and ensure insight from metrics informs governance decisions and lifecycle action.
• Maintain the proposition hub and library as the authoritative source of truth for proposition information.
• Act as the authoritative first-line voice on proposition governance, client outcomes, and foreseeable harm across the Wealth division.

About you:

• Substantial experience in UK wealth management, advice, or asset management, with accountability for product/proposition governance, lifecycle management, fair value, or Consumer Duty delivery.
• Practical experience of identifying, evidencing, and addressing foreseeable harm within product or proposition frameworks.
• A strong track record of building or operating governance infrastructure that drives real decisions and action.
• The judgement and credibility to operate confidently with senior stakeholders and to challenge constructively where outcomes are at risk.
• Excellent written communication skills, with the ability to produce clear, disciplined, regulator-ready documentation.

Desirable:

• Experience supporting regulatory engagement or thematic reviews relating to products, fair value, or Consumer Duty.
• Experience of remediation activity following poor outcomes or harm events.
• Familiarity with vulnerable customer considerations and accessibility in proposition design.

Our offer to you:

We want everyone at Rathbones to fulfil their potential, in an environment where you are proud to work and feel like you belong. We offer a comprehensive remuneration package, which we review regularly, and benefits include:

• A company pension - 9% non-contributory or 10% if you contribute 5%
• Private medical insurance - Individual on joining, family after 1 year's service
• Life assurance - 8 x salary
• Income protection - 75 % salary
• Company share scheme
• Discretionary bonus
• Flexible holidays - purchase up to 5 additional days
• Green Car Scheme
• Family friendly policies - enhanced family leave for parents & carers
• Study support - study days and funding for courses and qualifications
• Season travel ticket loans
• Volunteering days
• Gym discounts
• Other voluntary benefits you can choose to suit you

Our employees can choose to take part in various social groups and communities to support their wellbeing, growth, development and sense of community.

Life at Rathbones:

We aim to become an employer of choice for the wealth management sector, to achieve this we are working hard to build a diverse, equal, and inclusive workplace that motivates, develops and embraces the strengths of all our colleagues. Being part of Rathbones means you will join a team of passionate professionals in a successful culture that cares for its people.

We are committed to building a team that is made up of diverse skills, experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values. We're a Disability Confident Employer (level 2) under the UK Government scheme.

If you require adjustments to apply for a role at Rathbones, please contact us via recruit@rathbones.com to let us know what adjustments you may need.

Mission:

We believe in playing the long game. That means building consistent results, earning trust and doing the right thing - for our clients, our colleagues and the communities we're part of. Our values shape how we work:

• We aim high
• We get it done
• We show we care
• We do the right thing

These aren't just words on a wall. They guide how we treat each other, how we make decisions and how we build relationships that last.

We will close this advert once we have received enough applications for the next stage. Please submit your application as soon as possible to ensure you don't miss out.