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About The Role
Team – Life - Pricing
Working Pattern - Hybrid – 2 days per week in the Vitality London Office. Full time, 37.5 hours per week. 
We are happy to discuss flexible working!
Top 3 skills needed for this role:

Knowledge and experience of UK insurance products and the regulatory environment, particularly related to product governance regulatory requirements.
Experience producing comprehensive reports including communicating on complex topics to a wide range of stakeholders.
Knowledge and experience working on PROD 4 and Consumer Duty requirements.What this role is all about:

Support the VitalityLife executive to deliver ongoing product management, improvement, and governance in line with the product governance framework.
Drive the management and enhancement of products for existing customers.
Produce the annual product fair value assessment and ongoing value monitoring for VitalityLife, with support and input from relevant business areas.
Support committees to understand the performance of products from the customer perspective.
Coordinate relevant business teams to ensure our products continue to provide good value to customers in line with FCA expectations and PROD 4.
Champion the ongoing approach to fair value and enhancement of the product governance framework as the regulatory environment evolves.Key Actions

Lead the production of the annual Product Fair Value Assessment for all VitalityLife products by coordinating, consolidating, challenging, and drafting comprehensive reports, with support from relevant business areas.
Lead the production of regular monitoring of Product Fair Value performance for all VitalityLife products, with support from relevant business areas.
Support management and the board to fully understand how products are delivering fair value outcomes by providing insightful input and commentary on Fair Value assessments and monitoring.
Drive embedding and compliance with the product governance and oversight framework in a way that supports not just regulatory compliance but the needs of customers and the commercial ambitions of the business.
Champion the management and enhancement of products for in-force customers, ensuring access to product services, features and flexibility to meet their needs and long-term continued value.
Leverage extensive knowledge of FCA product governance regulatory requirements (PROD 4) and guidance related to Fair Value and Consumer Duty to ensure compliance and elevate customer satisfaction.
Support and oversee the completion of actions arising from the Product Fair Value Assessments, ensuring timely execution by relevant business units for subsequent reporting periods.
Contribute to the production and delivery of more frequent fair value reporting, effectively communicating areas of risk to stakeholders.What do you need to thrive?

Knowledge

Knowledge and experience of UK insurance products and the regulatory environment, particularly related to product governance regulatory requirements.
Knowledge and experience working on PROD 4 and Consumer Duty requirements.Skills

Ability to work independently and problem-solve.
Great organisational skills.
Excellent communication skills (verbal, written).
Excellent team-working skills.
Advanced knowledge of MS Office suite.
Ability to perform data analysis and interpretation relevant for product management.
Good planning, monitoring & reporting skills.Experience

Specific experience of product management and fair value considerations on similar products at a UK insurance company is desirable.So, what’s in it for you?

Bonus Schemes – A bonus that regularly rewards you for your performance
A pension of up to 12%– We will match your contributions up to 6% of your salary
Our award-winning Vitality health insurance – With its own set of rewards and benefits
Life Assurance – Four times annual salaryThese are just some of the many perks that we offer! To view the extensive range of benefits we offer, please visit our careers page. Fantastic Benefits. Exciting rewards. Great career opportunities!
If you are successful in your application and join us at Vitality, this is our promise to you, we will:

Help you to be the healthiest you’ve ever been.
Create an environment that embraces you as you are and enables you to be your best self.
Give you flexibility on how, where and when you work.
Help you advance your career by playing you to your strengths.
Give you a voice to help our business grow and make Vitality a great place to be.
Give you the space to try, fail and learn.
Provide a healthy balance of challenge and support.
Recognise and reward you with a competitive salary and amazing benefits.
Be there for you when you need us.
Provide opportunities for you to be a force for good in society.We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.
 
Diversity & Inclusion
At Vitality, we’re committed to diversity and inclusion because it’s good for our employees, for our business, and for society. We welcome applications from individuals of all backgrounds, experiences, and perspectives.
Vitality’s approach to sustainability
Vitality is a business that drives positive change. We reward people for making and sustaining healthier choices. But healthy people also need a healthy environment. To learn more please visit our Careers page. 
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early