At a Glance
- Tasks: Lead critical deliverables in insurance product governance and distribution oversight.
- Company: Join a major global financial services organisation with a focus on regulatory transformation.
- Benefits: Competitive day rate, hybrid work model, and potential for contract extension.
- Other info: Fast-paced environment with opportunities to engage with senior stakeholders.
- Why this job: Make a real impact on customer outcomes and regulatory compliance in the insurance sector.
- Qualifications: Strong experience in insurance product governance and FCA regulations required.
The predicted salary is between 44709 - 54645 £ per year.
Location: Hybrid - Redhill / London (c. 1 day per week onsite - flexible)
Contract: Initial 3 months, with potential extension
Day Rate: Up to £550 per day outside IR35
Start: ASAP
We are looking for an experienced Product Governance & Distribution Consultant to join a major regulatory transformation programme within a large global financial services organisation. Working within the Product & Distribution function, you will take ownership of a number of critical deliverables relating to FCA Consumer Duty, product governance, distribution oversight and customer outcomes. This is a hands-on delivery role rather than a project management position. You will be expected to quickly understand the existing environment, identify what good looks like and personally develop the frameworks, processes, assessments and documentation required.
What you'll be doing
- Take ownership of deliverables across areas including:
- Distribution Oversight - distributor risk assessments, audit frameworks, procedures, controls and supporting documentation
- Consumer Duty & Customer Outcomes - documenting customer journeys, identifying potential areas of customer harm and developing ongoing monitoring and testing approaches
- Customer Communications - developing risk assessments and testing frameworks covering communications, policy documentation and intermediary/broker communications
- Fair Value Assessments - developing and enhancing frameworks to assess whether products continue to provide fair value in line with Consumer Duty requirements
- Product Governance - designing product change processes, governance routes, RACIs, decision authorities and escalation pathways
- Translating FCA regulatory expectations into practical, operational processes and controls
- Working closely with Product, Distribution, Compliance, Risk and other senior stakeholders
- Producing clear, robust and audit-ready documentation suitable for regulatory scrutiny
- Supporting the implementation and embedding of new governance processes
What we're looking for
You will need strong experience within insurance product governance and/or insurance distribution, with a good understanding of the FCA regulatory environment. Ideally, you will bring experience across several of the following:
- FCA Consumer Duty
- Product Oversight & Governance (POG)
- Fair Value Assessments
- Insurance distribution and intermediary/broker oversight
- Distributor audits, contracts and governance
- Customer journey and customer outcome monitoring
- Conduct Risk
- Product governance frameworks and controls
- Regulatory remediation or transformation programmes
- Developing procedures, frameworks, templates and governance documentation
Experience within personal lines insurance, such as home or motor, would be particularly relevant. We are open to candidates from both consulting and industry/BAU backgrounds, provided you have personally owned and delivered this type of work before.
The person
This role would suit someone with extensive experience who is comfortable operating at a senior consultant/manager level. You should be able to join the programme and get up to speed quickly, work independently with limited supervision and confidently engage and challenge senior stakeholders. This is not a technology Product Owner - we are specifically looking for regulatory insurance product and distribution governance expertise.
Initial 3-month contract | Up to £450/day outside | Hybrid | ASAP start
Product Governance & Distribution Consultant - Insurance in London employer: Robert Walters
As an EMEA Learning Architect at our company, you will thrive in a dynamic and inclusive work culture that prioritises employee growth and development. We offer comprehensive training programmes, flexible working arrangements, and a collaborative environment that encourages innovation and creativity. Located in a vibrant city, our office provides unique networking opportunities and access to industry leaders, making it an excellent place for professionals seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Product Governance & Distribution Consultant - Insurance in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Robert Walters.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Robert Walters might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Product Governance & Distribution Consultant - Insurance in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Robert Walters will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Robert Walters. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Robert Walters confidence in your short-term commitment to the role.
How to prepare for a job interview at Robert Walters
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Robert Walters.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Robert Walters that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
