Product Governance & Compliance Business Partner

Product Governance & Compliance Business Partner Our client is a global commercial and specialty insurer operating across 40 countries, looking to grow their compliance team.

Working directly with underwriting teams, this role provides expert guidance to ensure that new products, product changes, and distribution strategies meet regulatory requirements from design through to launch. Acting as a trusted compliance adviser and business partner, the role specialises in product development compliance within a UK FCA/PRA regulated environment.
Responsible for embedding regulatory requirements into product development processes and ensuring all business activities across the UK & Ireland are conducted in accordance with relevant regulations and required standards of legal compliance.

Product Development Compliance
Serve as the primary compliance contact for underwriting teams (initially Accident & Health and Delegated Authority) on all product development and product change initiatives
Review new products, product changes, and distribution strategies from a compliance perspective, ensuring regulatory expectations are met from design through to launch
Assist underwriting teams in completing New Product Risk Assessments and applying relevant internal guidelines impacting product development
Embed FCA/PRA regulatory requirements, Consumer Duty obligations, and conduct risk expectations into day-to-day product development processes
Advise on the interpretation and practical application of regulatory rules within real-world product development scenarios
Maintain accurate and complete documentation of compliance processes, controls, and decision-making within the product development space
Escalate material regulatory risks and issues arising from product development appropriately

Broader Compliance Support
Provide general advice on FCA regulation, Consumer Duty, and conduct risk as required
Support the broader business in understanding and applying regulatory requirements to customer journey activities including design, pricing, distribution, claims, and complaints
Deliver compliance training and promote a strong compliance culture across the business
Act as a trusted adviser and role model for first-line accountability, promoting good conduct across the business

Significant experience within product governance and conduct risk
Assesses risks and identifies solutions.
Delivery & Accountability: Accountable for own delivery to support overall business priorities and objectives. Identifies roadblocks that might impact delivery and remains accountable for performance.
Negotiates confidently without damaging relationships whilst building support and buy-in for ideas. Customer Focus: Develops a deep understanding of the true nature and complexities of the customer business and uses this to implement ideas and technical expertise. Builds sustainable long-term relationships and spots opportunities to develop business.

We are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.