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.
- Other info: Professional certifications in product governance are a plus but not mandatory.
- 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.
The predicted salary is between 36000 - 60000 £ per year.
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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
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Seniority level
Mid-Senior level
Employment type
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Employment type
Full-time
Job function
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Job function
General Business
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Industries
Insurance
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Regulatory Compliance Analyst in London employer: Venquis
As a Category & Sourcing Manager at our company, you will thrive in a dynamic work culture that prioritises innovation and collaboration. We offer competitive benefits, including professional development opportunities tailored to enhance your skills in procurement and supply chain management, all while working in a location that supports cutting-edge data centre operations. Join us to be part of a team that values your contributions and fosters growth in a rapidly evolving industry.
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory Compliance Analyst in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Venquis looking for candidates who are engaged and informed.
We think you need these skills to ace Regulatory Compliance Analyst in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Venquis. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Venquis
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Venquis’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
