Product Governance and Risk Specialist at Bupa

Brighton, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

30 Dec, 25

Salary

48000.0

Posted On

01 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Product Governance, Regulatory Compliance, Analytical Skills, Interpersonal Skills, Attention to Detail, Healthcare Products, Risk Management, Reporting, Documentation, Stakeholder Engagement, Fair Value Assessment, Control Testing, Process Improvement, Communication Skills, Data Interpretation

Industry

Insurance

Description

Job Description: Product Governance and Risk Specialist Full time permanent -35 hours per week Brighton Hybrid Salary £44,000-£48,000 depending on experience We make health happen: Job purpose This is a critical role to help ensure that our global portfolio of products remain compliant, continue to offer fair value, and meet the needs of their target market. The focuses on overseeing product approval, managing governance processes, maintaining documentation and risk registers, and ensuring regulatory compliance through effective reporting and control activities. As well as undertaking regular reporting to ensure the ongoing health of the product portfolio. This role will be working with a range of stakeholders; to support the successful delivery of key initiatives related to Product Oversight and Governance How you’ll help us make health happen: Oversee day-to-day product governance processes, including policies, risks, and controls. Initiate regular reviews and, where appropriate, lead on testing to ensure positive outcomes for customers and regulatory compliance. Ensure all product policy and process documentation is maintained and enhanced as required to meet regulatory obligations, including management of shared information repositories, process maps, manuals, and guides. Contribute to the oversight of an effective Product Approval process, ensuring that both the team and wider business have access to necessary tools, templates, and support. Assist in the successful delivery of annual Fair Value Assessments tonsure products continue to provide fair value to target customers, managing resulting actions through to completion. Maintain the product risk register to ensure identified risks and associated controls are regularly reviewed and assessed in accordance with business requirements. Produce monthly ILPM reporting, providing key product performance metrics to monitor and support the ongoing health and performance of the overall product portfolio. Provide relevant information and metrics for reporting purposes, and liaise with other Risk, Control and Governance teams regarding risk and control management, incident management, and related matters. Support product input into internal audit and assurance reports, manage closure of any actions, assist with key control testing (pertinent to Product Governance), and help deliver associated improvement plans. Contribute to the development of robust product governance frameworks, escalating concerns as necessary. Assist in the completion of executive attestations and support relevant assurance activities Key Skills / Qualifications needed for this role: Experience with a range of customer-focused products or services, ideally in regulated, global environments. Background in regulated sectors, preferably with FCA or Financial Services exposure. Strong understanding of Product Governance and related regulations Proactive and eager to learn, with an inquisitive mindset, and strong attention to detail. Excellent analytical and commercial skills; adept at interpreting data to spot opportunities. Effective interpersonal skills and the ability to influence colleagues at all levels. Clear communicator with strong presentation and storytelling abilities to engage stakeholders. Specific knowledge of healthcare and PMI/IPMI products and markets Benefits 25 days holiday, increasing through length of service, with option to buy or sell Bupa health insurance as a benefit in kind An enhanced pension plan and life insurance Onsite gyms or local discounts where no onsite gym available Various other benefits and online discounts Why Bupa? Bupa Global is the international health insurance division of Bupa. We provide customers who want premium international coverage with products and services to access the healthcare they need anytime, around the world, whether at home or when studying, living, travelling or working abroad. Bupa Global has offices around the world including London and Brighton (UK), Dublin (Europe), Miami (USA), Dubai (UAE, in partnership with OIC), Egypt and Hong Kong (China) as well as regional offices in mainland China, Singapore, the Dominican Republic, Bolivia, Panama, Guatemala and Ecuador. Time Type: Full time Job Area: Legal, Risk & Audit Locations: Angel Court, London, Victory House, Brighton Be at the heart of helping people live longer healthier, happier lives and making a better world. We employ more than 80,000 people globally who are making this a reality. If you've got the belief, the drive and the talent to help us in our ambition then we’d like to hear from you. Wherever you work, one thing stands out about Bupa people. Our customers are our passion – they’re at the heart of our positively different culture of care. At Bupa you’ll be challenged, you’ll be encouraged to innovate, and collaborate with colleagues who are committed to delivering exceptional experiences. We trust, respect and consider everyone, knowing your difference will make the difference.

Responsibilities

Oversee product governance processes and ensure compliance with regulations. Manage documentation, risk registers, and reporting to maintain the health of the product portfolio.