Product Risk Manager

Michael Page; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading digital bank in London's financial district seeks a Product Risk Manager to oversee product risk compliance and governance. The ideal candidate will possess extensive experience in banking, particularly in managing product risk. This role offers a competitive salary, excellent benefits, and the opportunity to contribute to a dynamic and innovative banking environment.

Benefits

Comprehensive benefits package

Professional growth support

Qualifications

• Experience in Banking or Financial Services, ideally within Business/SME banking.
• Familiarity with managing SME product risk in 1st LOD environments.
• Background in a regulated financial institution.

Responsibilities

• Support new product initiatives through the governance structure.
• Ensure regular documentation, calibration, and reviews of products.
• Collaborate with internal audit and second line risk teams.

Skills

Product Risk Management

Regulatory Compliance

Stakeholder Engagement

Data Analysis

Adaptability

Job description

The Product Risk Manager will closely assist the Head of Product Risk and Governance in the implementation of the banks strategy in line with product risk appetite and demonstrate compliance. This team assist the Banks SME team in the banks development and launching of products.

Client Details

Innovative and market leading digital bank, based in London.

Fantastic role for a candidate with Product Risk experience or FLOD candidate with retail, fintech or consumer banking experience.

Description

The Product Risk Manager will:

• Support with ensuring all new product initiatives are steered through the governance structure and that we move swiftly and safely
• Support with ensuring existing and back book product reviews are completed by 1st line product owners at the right cadence and to the requisite standard
• Assist the SME business in delivering good outcomes and maintaining a strong control environment - with regular documentation, calibration, review, testing and timely action completion
• Support with ensuring relevant, up to date and accurate MI to measure and monitor risk and report to relevant committees
• Assist with maturing and embedding training and development framework for product risk
• Help 1st line solution/ product owners execute their risk management responsibilities
• Engage and collaborate with Second Line risk across the bank and Group Head of Internal Audit to create a coherent risk view.

Profile

A successful Product Risk Manager should have:

• Experience in Banking or Financial Services, ideally within Business/SME banking
• Familiarity with managing SME product risk in 1st LOD environments covering Conduct Risk topics across product governance, marketing and finprom, vulnerable customers, complaints etc.
• Background in a regulated financial institution
• Proven ability to apply regulatory and data-driven insights to solve business problems
• Skilled in analysing and interpreting complex regulatory frameworks, including overlapping or conflicting regulations
• Adaptable and solutions-focused in fast-changing environments
• Brings curiosity and a collaborative mindset to driving outcomes
• Commercially aware, with sound insight into business priorities and strategic drivers
• Thinks ahead and plans strategically
• Works effectively with stakeholders at all levels to achieve shared goals

Job Offer

• Competitive salary across AVP-VP level, please enquire.
• Comprehensive benefits package tailored to support your professional growth.

If you are ready to take on this exciting challenge as a Product Risk Manager, we encourage you to apply today