Product and Distribution Oversight Manager - temporary

What you’ll be doing :

The Product and Distribution Oversight Manager will support the delivery of our Product Governance and distribution framework. Working proactively with functions across AXA Partners to ensure that our Fair Value Framework and distribution arrangements are in line with internal policies and procedures whilst meeting all regulatory requirements and customer needs

This role will provide oversight of all directly authorised and appointed representative relationships by reviewing a diverse set of quantitative and qualitative MI from a consumer perspective to provide relevant challenge to business stakeholders. You will actively support in all governance and regulatory topics as required by the UK & Ireland business. As a first line champion for the consumer, you will help influence the creation of consumer centric products.

This role will also have responsibility for our fair value assessments for all IPA UK&I products. When conducting assessments, you will review a diverse set of quantitative and qualitative MI from a consumer perspective to provide relevant challenge to business stakeholders. As a first line champion for the consumer, you will help influence the creation of consumer centric products.

Additionally, you will help facilitate regular consumer focussed discussions with business stakeholders to identify actual or potential harm and provide timely solutions. Working with relevant stakeholders, you will identify and implement measures to mitigate the risk of future harm.

Your main responsabilities will be:

Distribution monitoring

• As per the Distribution Governance Policy, oversee all directly authorised (DA) and appointed representative (AR) partnerships with regular monitoring & reporting
• Regularly review and develop the AR & DA frameworks alongside the distribution policy to ensure they remain appropriate
• Create and oversee action plans to address findings from the ongoing monitoring of partnerships in line with the AR & DA frameworks to
• Liaising with key stakeholders across commercial, compliance, operations and finance to ensure the smooth delivery of the DA and AR frameworks
• Working with the commercial team to ensure that partners are actively managed against the frameworks

Product Governance

• Plan and manage the Fair Value Assessment activity in line with our Product Oversight and Governance Policy
• Regularly review and develop the product monitoring framework ensure it remains appropriate
• Conduct appropriate root cause analysis to understand any product pain points
• Recommend enhancements to the products to improve consumer outcomes and customer value
• Facilitate regular customer focussed product discussions with stakeholders across the business to ensure common understanding and generate product improvements
• Support the embedding of a customer-centric culture throughout the organisation
• Ensure that any new or significantly adapted products follow the correct route to approval and follow local and UK policies. The output of which is reported into the appropriate committee.

Sales distribution governance & oversight

• Responsible for the ongoing management of the Salesforce tool for the UK&I in line with AXA’s policies and procedures
• Responsible as the secretary for the Sales & Distribution Committee, ensuring all committee papers, minutes and actions are collated and shared in line with the Terms of Reference
• Responsible to chair the Salesforce Governance Forum, ensuring all forum actions are tracked and completed and shared in line with the forum’s responsibilities

Internal control framework

• Responsible to update the Scala control tool for the Commercial, Product & Outcome controls in line with the Internal Control Framework
• Liaise with the Internal Control team on control testing requirements and evidence gathering in line with control descriptions and local subject matter experts
• Report control findings to key stakeholders and own actions plans to address the findings to ensure effective governance of the internal control framework.

Regulatory compliance

• Ensure all customer outcomes align with FCA requirements including:
• Consumer Duty (focus on the four outcomes: Products & Services,…