Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Drive the development and governance of UK tax wrapper products like ISAs and Pensions.
- Company: Join Saxo, a purpose-driven organisation with 2,500 colleagues across 15 countries.
- Benefits: Enjoy a supportive team environment, career development opportunities, and a diverse workplace culture.
- Why this job: Make a real impact while collaborating with diverse teams in a dynamic financial environment.
- Qualifications: 5+ years experience with UK tax wrapper products and strong analytical skills required.
- Other info: Interviews are ongoing, so apply soon to seize this exciting opportunity!
The predicted salary is between 43200 - 72000 £ per year.
Are you ready to take on an exciting challenge at Saxo? If you are passionate about tax wrapper products and have a keen eye for governance, this might be something for you.
We are seeking a dedicated Financial Product Governance Specialist to join our team. In this role, you will be responsible for driving the development and governance of our UK tax wrapper products, specifically ISA and Pensions. You will ensure our ISA and SIPP offerings are compliant with HMRC and FCA regulations and positioned for significant revenue growth.
Additionally, you will have first line responsibilities for product governance and oversight. This includes ensuring our products meet the FCA's Consumer Duty regulations and are suitable for our UK retail clients. You will play a pivotal role in developing our governance framework and collaborating with both internal and external stakeholders to maintain smooth operations.
Responsibilities- Development and governance of UK tax wrapper products: Collaborate with Tax Wrapper Product Owners and internal departments to enhance ISA & Pension products and services, ensuring compliance with HMRC and FCA requirements.
- Maintain up-to-date knowledge of rules, regulations, and legislation for ISAs and pension products, working closely with Compliance.
- Oversee SCML's universe of ISA qualifying instruments, identifying non-qualifying instruments, and ensuring compliance with HMRC requirements.
- Manage work instructions for Operations to service tax wrappers (e.g., stock transfers, tax statements).
- Serve as the point of contact for funding and asset transfer queries, liaising with external ISA managers, internal operations teams, and trustees/direct clients.
- Act as an escalation point for Client Services on product-related client issues or questions.
- Ensure timely and accurate annual reporting to HMRC.
- Maintain relationships with existing pension trustees, ensuring compliance with instrument universe, reporting, and configuration requirements.
- Monitor and analyze the performance of tax wrapper products against key KPIs, identifying trends and formulating remediation plans.
- Complete annual product reviews, including distribution models, attributions, vulnerable client distribution, and target market assessments.
- Present product reviews to senior management at the Product Governance Committee.
- Liaise with Second line on policy and procedure reviews.
- Produce monthly MI on the performance of vulnerable clients in non-cash or complex products.
- Conduct market analysis comparing SCML costs and charges with competitors, providing guidance on revenue impacts.
- Maintain an internal client group database to ensure product suitability for different retail client personas.
You have minimum 5 years of experience working with UK tax wrapper products, with extensive knowledge of ISAs and SIPPs. With project management experience, you are capable of structuring and organizing large initiatives and you have a proven track record of delivering change. You possess a data-focused mentality, backed by an analytical skillset and keen attention to detail. The ability to manage stakeholders and work in close collaboration with multiple internal and external counterparts is crucial. Having experience in client-facing roles is an added advantage.
We conduct interviews on a continuous basis, so we encourage you to send your application sooner rather than later. We look forward to hearing from you.
When you work at Saxo, you become a Saxonian and part of a purpose-driven organisation, where good ideas are always taken seriously, and where you can make a true impact. We are invested in your development, and you can expect a robust career from day one when you join Saxo - no matter which role you take on.
You will join 2,500 other ambitious colleagues across 15 countries and become part of an international organisation. Working in Saxo, you will get to meet colleagues from many different cultures and backgrounds, and you should know that we value diversity and inclusion and see it as a genuine source of strength to drive growth, foster innovation and position us for long-term success.
We encourage an open feedback culture and supportive team environments enabling employees to grow and fulfil their career aspirations. When you bring passion, curiosity, drive and team spirit, your learning journey will be dynamic and your career opportunities in Saxo will be immense.
At Saxo we don't just offer a job - we offer an opportunity to invest in your future!
How to apply: Click here to create an account and upload your resume and a short motivation. We look forward to getting to know you better!
Financial Product Governance Specialist | London, UK employer: Saxo Bank
Contact Detail:
Saxo Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Product Governance Specialist | London, UK
✨Tip Number 1
Familiarise yourself with the latest HMRC and FCA regulations regarding ISAs and SIPPs. Being well-versed in these rules will not only boost your confidence during discussions but also demonstrate your commitment to compliance, which is crucial for this role.
✨Tip Number 2
Network with professionals in the financial services sector, especially those who specialise in tax wrapper products. Attend industry events or webinars to connect with potential colleagues and gain insights into current trends and challenges in product governance.
✨Tip Number 3
Prepare to discuss your experience with project management and how you've successfully delivered change in previous roles. Be ready to provide specific examples that highlight your analytical skills and attention to detail, as these are key attributes for the position.
✨Tip Number 4
Showcase your ability to manage stakeholders effectively. Think of instances where you've collaborated with internal and external teams to achieve a common goal, as this will be vital in demonstrating your fit for the collaborative nature of the role.
We think you need these skills to ace Financial Product Governance Specialist | London, UK
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Financial Product Governance Specialist. Familiarise yourself with UK tax wrapper products, particularly ISAs and SIPPs, as well as the relevant regulations from HMRC and FCA.
Tailor Your CV: Highlight your experience with UK tax wrapper products in your CV. Emphasise any project management experience and your analytical skills, as these are crucial for the role. Use specific examples to demonstrate your achievements and how they relate to the job description.
Craft a Compelling Motivation Letter: In your motivation letter, express your passion for tax wrapper products and governance. Discuss why you want to work at Saxo and how your background aligns with their values and goals. Be sure to mention your ability to collaborate with stakeholders and your commitment to compliance.
Proofread Your Application: Before submitting, carefully proofread your CV and motivation letter. Check for any spelling or grammatical errors, and ensure that your documents are clear and concise. A polished application reflects your attention to detail, which is essential for this role.
How to prepare for a job interview at Saxo Bank
✨Know Your Tax Wrapper Products
Make sure you have a solid understanding of ISAs and SIPPs, including the latest HMRC and FCA regulations. Being able to discuss these in detail will show your expertise and passion for the role.
✨Demonstrate Stakeholder Management Skills
Prepare examples of how you've successfully collaborated with internal and external stakeholders in previous roles. This will highlight your ability to manage relationships and work effectively within a team.
✨Showcase Your Analytical Skills
Be ready to discuss how you've used data to drive decisions or improvements in past projects. Highlighting your analytical mindset will resonate well with the responsibilities of monitoring product performance.
✨Prepare for Product Governance Discussions
Familiarise yourself with product governance frameworks and be prepared to discuss how you would approach annual product reviews and compliance checks. This will demonstrate your readiness to take on first line responsibilities.
