Product Governance Director
Confirmed live in the last 24 hours
OakNorth Bank

201-500 employees

Financial Services
Data & Analytics

Company Stage

Grant

Total Funding

$15.8M

Founded

2015

Headquarters

London, United Kingdom

Growth & Insights
Headcount

6 month growth

8%

1 year growth

28%

2 year growth

92%
Locations
London, UK
Experience Level
Entry
Junior
Mid
Senior
Expert
Desired Skills
Management
Product Design
Communications
CategoriesNew
Product
Requirements
  • Demonstrable experience working within a Product Control/Product Management function, with a specific focus on financial products covering retail liabilities, including ISAs, deposit accounts, loans and savings accounts
  • Circa 5 years of experience in product governance, risk management or other relevant experience
  • Industry knowledge and understanding of competitor products, including compliance and regulatory requirements for various products
  • Strong knowledge of financial products and related regulations, as well as best practices in product governance
  • This role will require strong stakeholder management and business partnering experience, successful candidates must be a true business partner and advisor to ExCo
  • Previous financial services and banking experience is essential
  • Excellent communication and problem-solving skills
  • Attention to detail and the ability to work under tight deadlines
  • Good analytical skills and sound judgment
  • Experience with regulatory change management is preferred
Responsibilities
  • Overseeing the product development process, ensuring that products are compliant with regulatory and statutory requirements and aligned with customer needs
  • Conducting assessments for new and existing products, identifying and mitigating any potential areas for improvement
  • Creating and maintaining documentation around product design, customer needs and characteristics, intended target market, performance monitoring and maintenance activities throughout the customer journey
  • Participating in product design and development meetings to ensure governance compliance
  • Establishing product maintenance and performance metrics and tracking both real-time/long term performance and adherence to all regulatory requirements
  • Ensuring timely annual product reviews and making recommendations accordingly then leading all actions through to implementation
  • Participating in the implementation of new regulations and policies to ensure compliance
  • Providing product-related advice to various stakeholders to ensure that products are properly marketed and sold to the appropriate market
  • Keeping up-to-date with market trends, competitor activity, and regulatory changes that may impact products and services