New Product Approval Risk Specialist, Wealth Management recruitment
Purpose of role
- The purpose of role is to lead the team’s agenda in the region primarily to consider and address key risks associated with the introduction of new products or services and/or adaptations to existing products. This will require the role holder to developa strong risk partnership with senior management and provide both constructive challenge and leadership in the identificationand mitigation of risk issues. The role holder will also be expected to play a significant role enhancing the new products approval process
Core Accountabilities
- Independent oversight and assessment of risk issues associated with new products, or significant changes to existing products in EMEA with special focus on America's region
- Co-ordination of the new products approval process and delivering governance around introduction of new products within infrastructure areas
- Partnership with client facing, product development and infrastructure areas to resolve product-related issues
- Chairing/leading as appropriate relevant governance for a related to NPA process
- Development and continuous improvement of the new business approval process in line with global standards of excellence
- Supporting global head and leading (where appropriate) a number of reviews and project aimed at improving the current process and in achieving an ambitious 2012 plan set for the team
- Ensuring approval conditions and associated actions related to new product approval are monitored and met
Role requirements
The right candidate will have extensive experience within the financial services industry, a good technical knowledge of products used in the wealth industry and ideally exposure to the process of introducing new products. They must be comfortable working with all levels of management and able to work autonomously through the development and proactive
delivery of their own agenda. The growth plans of the organization present unique challenges and opportunities; the right individual must have the ability to lead within this growth environment.
Given the requirement for innovation and intellectual leadership, a track record of solving complex problems and driving through solutions will be a significant asset. Key to success will be the ability to develop constructive relationships across the organization therefore excellent influencing skills will be important.
Professional/technical experience
Experience in product control/product development/product governance in wealth management context is essential
Exposure gained in managing a similar process in more than one of the following business segments – capital markets, private banking, international banking, stock broking, life insurance, regulated sales, investment / asset management, corporate banking will be preferred.
Exposure to understanding risk control framework and operational risk management is beneficial.
Experience of working in a global model with matrix management
Remote line management
Strong stakeholder management (building relationships, influencing and challenge)
Proven track record of managing through change
Strong project management expertise including solid experience of effecting change and implementing global controls
Must demonstrate competences across firm’s values, particularly client focus, trusted and winning together