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For Companies At a Glance
- Tasks: Analyse product portfolios to ensure compliance and protect customer interests.
- Company: Join Venquis, a leader in the UK insurance market focused on customer care.
- Benefits: Enjoy hybrid remote work options and occasional travel across the UK.
- Why this job: Be part of a team that shapes product governance and impacts customer protection.
- Qualifications: Experience in product governance or compliance within the UK insurance sector is essential.
- Other info: Professional certifications in product governance are a plus but not mandatory.
The predicted salary is between 36000 - 60000 £ per year.
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Direct message the job poster from Venquis
Insurance Team Lead: Specialising in Business Change & Transformation across the London and Lloyds Insurance market space in the UK
Overview:
We are committed to providing exceptional products and services to our customers while ensuring their best interests are protected. As part of our dedication to customer duty of care, we are seeking a talented and experienced Product Governance Analyst to join our team.
As a Product Governance Analyst, you will play a crucial role in ensuring that our products and services meet the highest standards of customer protection and regulatory compliance. You will be responsible for analysing and assessing our product portfolio, identifying potential risks, and implementing measures to mitigate those risks. Your expertise in the UK insurance market and knowledge of customer duty of care regulations will be instrumental in shaping our product governance framework.
This role will be supporting our UK Retail Division which has 60 offices across the UK & Ireland and therefore we are open to this role being based anywhere in the UK. We offer hybrid remote working and occasional travel to sites across the UK would be required.
Responsibilities:
- Conduct comprehensive analysis of our product portfolio to ensure adherence to the highest levels of consumer protection.
- Work as part of the Product Governance team to ensure business units are compliant in respect of New Product development and Existing Product changes.
- Assist with identification and implementation of Product Governance controls, and ensure our processes and best practice are appropriately documented.
- Be integral to the Product Review process at Retail, ensuring Product Assessments are completed annually or as required, and all products go through regular risk reviews.
- Collaborate with cross-functional teams, including Legal, Compliance, and Product Development, to ensure compliance with regulatory requirements.
- Develop and implement product governance policies and procedures to ensure adherence to Consumer Duty regulations.
- Monitor industry trends and regulatory changes related to customer duty of care and provide recommendations for necessary adjustments to our product offerings.
- Conduct regular audits and reviews to assess the effectiveness of our product governance framework.
- Collaborate with internal stakeholders to ensure that customer feedback and complaints are appropriately addressed and incorporated into product governance processes.
- Provide training and guidance to internal teams on customer duty of care regulations and best practices.
- Preparation of materials and delivery of presentations to internal stakeholders
- Stay up-to-date with industry best practices and emerging trends in Consumer Duty and other relevant regulatory obligations to continuously improve our product governance framework.
Qualifications:
- Proven experience in product governance, compliance, or a similar role within the UK insurance market.
- In-depth knowledge of customer duty of care regulations and their application in the insurance industry.
- Analytical skills with the ability to assess complex information and identify potential risks.
- Experienced in managing stakeholder relationships at all levels including C-Suite.
- Excellent communication and interpersonal skills to effectively collaborate with cross-functional teams.
- Detail-oriented with a strong focus on accuracy and compliance.
- Ability to work independently and manage multiple projects simultaneously.
- Professional certifications in product governance or compliance (desired but not mandatory).
- Eligible to work in the UK
Seniority level
-
Seniority level
Mid-Senior level
Employment type
-
Employment type
Full-time
Job function
-
Job function
General Business
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Industries
Insurance
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Paddington, England, United Kingdom 1 week ago
Director Analyst- Compliance (Remote UK)
London, England, United Kingdom 1 day ago
London, England, United Kingdom 3 hours ago
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Regulatory Compliance Analyst employer: Venquis
Contact Detail:
Venquis Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Compliance Analyst
✨Tip Number 1
Familiarise yourself with the latest consumer duty regulations and compliance standards in the UK insurance market. This knowledge will not only help you understand the role better but also demonstrate your commitment to staying updated, which is crucial for a Regulatory Compliance Analyst.
✨Tip Number 2
Network with professionals in the insurance industry, especially those involved in product governance and compliance. Engaging with these individuals can provide valuable insights into the role and may even lead to referrals or recommendations when applying.
✨Tip Number 3
Prepare to discuss specific examples of how you've identified and mitigated risks in previous roles. Being able to articulate your analytical skills and experience in managing stakeholder relationships will set you apart during interviews.
✨Tip Number 4
Stay informed about industry trends and regulatory changes by following relevant publications and joining professional groups. This proactive approach will not only enhance your knowledge but also show potential employers that you're dedicated to continuous improvement in product governance.
We think you need these skills to ace Regulatory Compliance Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Regulatory Compliance Analyst position. Familiarise yourself with the key aspects of product governance and customer duty of care regulations in the UK insurance market.
Tailor Your CV: Customise your CV to highlight relevant experience in product governance, compliance, or similar roles. Emphasise your analytical skills and any experience you have with stakeholder management, particularly at senior levels.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for regulatory compliance and your understanding of the insurance industry. Mention specific examples of how you've successfully managed risks or improved compliance in previous roles.
Highlight Relevant Skills: In your application, be sure to highlight your attention to detail, communication skills, and ability to work independently. These are crucial for the role and will help demonstrate your suitability to the hiring team.
How to prepare for a job interview at Venquis
✨Know Your Regulations
Familiarise yourself with the latest customer duty of care regulations and how they apply to the insurance industry. Be prepared to discuss specific examples of how you've ensured compliance in previous roles.
✨Showcase Analytical Skills
Prepare to demonstrate your analytical abilities by discussing past experiences where you assessed complex information and identified potential risks. Use concrete examples to illustrate your thought process.
✨Engage with Stakeholders
Highlight your experience in managing stakeholder relationships, especially at senior levels. Be ready to share how you’ve effectively communicated compliance issues and collaborated with cross-functional teams.
✨Stay Updated on Industry Trends
Research current trends in product governance and consumer duty regulations. Showing that you are proactive about staying informed will impress interviewers and demonstrate your commitment to continuous improvement.
