Product Change Director

JR United Kingdom; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a dynamic Product Change Director to lead the governance of new product initiatives. This pivotal role involves collaborating with clients and internal teams to ensure regulatory compliance while driving innovation. You will oversee the New Product Approval process, guiding product managers in integrating risk and governance elements. With a strong background in product management and regulatory frameworks, you will act as a subject matter expert, influencing strategic decisions and enhancing governance practices. Join a forward-thinking organization committed to diversity and inclusion, where your expertise will shape the future of financial products.

Qualifications

• 7+ years in product management with regulated financial products.
• Strong understanding of compliance and internal control functions.

Responsibilities

• Oversee the New Product Approval process and ensure thorough assessments.
• Collaborate with clients to co-design products with regulatory insights.

Skills

Product Management

Regulatory Compliance

Risk Management

Stakeholder Engagement

Process Automation

Tools

Microsoft Office Suite

Job description

The Bank has an ambitious and forward-looking change agenda. We're looking for a driven, experienced Product Change Director to play a pivotal role in shaping and governing the delivery of new products. This role operates within a strategic governance framework supporting several wide-ranging initiatives across regulated products. While the hands-on delivery of each product will be managed by dedicated product managers, this role will lead the overarching governance process, ensuring all initiatives align with internal risk, control, and compliance standards.

Many of these product initiatives may be developed in conjunction with clients, requiring close collaboration and co-design. As such, the role demands a strong subject matter expertise (SME) in regulation and industry practices, enabling you to contribute meaningfully to product design alongside other bank SMEs. You’ll be the critical link between regulatory requirements, client needs, and product execution – shaping governance strategies that enable innovation while managing risk.

Role Description:

1. Oversee the New Product Approval (NPA) process, coordinating inputs from across the Bank to ensure new product proposals are thoroughly assessed beyond the technical build.
2. Work closely with delivery Product Managers, guiding them on integrating risk, control, and governance elements into product execution.
3. Act as the central business partner to 1LOD and 2LOD teams, facilitating collaboration on governance requirements and automation opportunities.
4. Drive change management efforts related to governance and automation, ensuring alignment with the Bank’s strategic transformation goals.
5. Provide industry expertise and regulatory insight to shape governance practices and support pre-sales conversations as a subject matter expert (SME).
6. Collaborate with clients and internal teams to co-design products, bringing regulatory, risk, and industry expertise to early-stage product discussions.
7. Act as a subject matter expert (SME) on industry regulation and compliance, contributing strategic insights to both internal stakeholders and client-facing engagements.

Requirements:

1. Proven experience in product management, with exposure to regulated financial products and governance frameworks (7+ years).
2. Strong understanding of bank risk management, compliance, and internal control functions, gained in a financial institution or regulatory environment.
3. Experience managing the New Product Approval Process at a regulated institution.
4. Demonstrated ability to lead cross-functional initiatives, influencing senior stakeholders across business, risk, legal, compliance, and technology.
5. Knowledge of process automation and digital tooling to enhance governance and reduce manual controls is highly desirable.
6. Excellent communication, documentation, and stakeholder engagement skills.
7. Highly proficient in the usage of the Microsoft Office suite.

Work Location:

• London (5 days per week in the office).
• Travel to other locations may be required on occasion.

Diversity:

Bank of London is an equal opportunity employer committed to inclusion, diversity, and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.