Contract Role: Product Governance Reviewer (FCA Prod 4 and Consumer Duty)
Contract Location: London Hybrid or Remote
Contract Start: 12th January 2026
Contract Duration: 6 months (with potential extension)
* Must have expert understanding of Product Governance regulatory requirements, including in-depth knowledge of the FCA PROD 4 and Consumer Duty rules and their practical application to product development and management.*
The Role:
As a Product Governance Reviewer, you will play a crucial role in ensuring products and services consistently meet the highest standards of regulatory compliance, internal policy adherence, and ethical conduct. You will achieve this by conducting thorough and meticulous reviews of new and existing products, applying your expertise to identify and mitigate potential risks.
Key Responsibilities:
* Complete product governance reviews to ensure new and existing products/services align with regulatory requirements, internal policies, and ethical considerations. This includes utilising established methodologies (e.g., risk-based approach) and documenting the rationale behind assessments.
* Create a detailed audit trail for each step of the review process, meticulously documenting all activities, findings, recommendations, and supporting evidence (e.g., policy documents, risk assessments, test results).
* Support the completion of any remedial actions arising from product reviews by collaborating with product owners and stakeholders to address identified issues, implement corrective actions, and track progress to ensure timely resolution.
* Take ownership of key product governance processes, such as Product Risk and Pre-Live/In-Life Assessments, ensuring they are conducted effectively and meet regulatory expectations. This includes reviewing and providing approval on assessments conducted by others, maintaining consistency and quality.
* Manage the governance aspects of product changes, ensuring appropriate reviews and approvals are obtained, and oversee the product exit process, ensuring compliance with regulatory requirements and internal procedures.
* Stay abreast of regulatory changes and industry best practices in product governance.
* Collaborate with and provide guidance to product teams on product governance principles and requirements.
* Contribute to the continuous improvement of product governance frameworks and methodologies.
* Prepare and present reports on product governance performance and emerging risks.
Required skills and experience:
* Must have expert understanding of Product Governance regulatory requirements, including in-depth knowledge of the FCA PROD 4 and Consumer Duty rules and their practical application to product development and management. Stay updated on any changes or interpretations of these rules.
* Demonstrate experience working directly with SMEs and senior stakeholders, communicating effectively with both technical and non-technical audiences. This includes conveying complex information clearly and concisely and building strong relationships with stakeholders at all levels to influence decision-making.
* Demonstrate the ability to work independently, effectively managing individual workloads, while also seamlessly collaborating within a team of SMEs from various disciplines to gather information and reach informed decisions.
* Thrive in a fast-paced environment, demonstrating the ability to work effectively under pressing timelines, prioritising tasks and delivering high-quality results within tight deadlines while maintaining composure and focus.
Preferable skills:
* Experience in financial services, particularly in product development, risk management, or compliance.
* Relevant professional certifications (e.g., ICA Diploma in Governance, Risk and Compliance) is a plus.
* Strong analytical and problem-solving skills.
* Excellent written and verbal communication skills.
* Proficiency in using relevant software and tools (e.g., risk management systems, data analytics tools).