Product Governance Lead

Rathbones Group Plc; Greater London; Hybrid; GBP 70,000 - GBP 90,000; Full time

Job summary

A leading wealth management company is seeking a Product Governance Lead based in London with a hybrid work model. This role involves overseeing product approvals, ensuring compliance with regulatory standards, and analyzing governance outcomes. Candidates must have at least five years of experience in the wealth management industry and a solid understanding of relevant regulations, including MiFID II. The firm offers a comprehensive remuneration package with various employee benefits, creating an inclusive work environment.

Benefits

Company pension - 9% non-contributory

Private medical insurance

Discretionary bonus

Flexible holidays - purchase additional days

Study support for courses and qualifications

Qualifications

• At least five years' prior experience in wealth management or investment management.
• Direct experience in product governance, preferably on the buy side.
• Good knowledge of relevant regulation including Consumer Duty, PROD, MiFID II.

Responsibilities

• Lead the development of the product approval and review framework.
• Ensure compliance with regulatory and policy requirements.
• Engage with external stakeholders to promote best practices in product governance.
• Develop and analyze governance information for decision-making.

Skills

Product governance experience

Understanding of MiFID II

Strong analytical skills

Regulatory knowledge

Team player

Education

Five years of experience in wealth management

Job description

Overview

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Department: Investment Process Implementation

Job Category: Technical Specialist / Manager

Location: London, GB, EC2V 7QN

Date: 2 Feb 2026

At Rathbones, we help people invest their money well, so they can live well. That means more than financial returns – it’s about helping people feel confident in their decisions and supported in their future. We don’t just manage money, we guide people through life’s big moments, helping them stay on track and focus on what matters most.

We’re proud to be one of the UK’s leading wealth managers, with over £109bn* in assets under management and 20+ offices across the UK and Channel Islands. We’re a FTSE 250 company with national reach and a local feel – and we’re growing.

*As of June 2025

Role

Title: Product Governance Lead

Location: London (Hybrid)

Division: Research

Contract: Permanent

Purpose

To deliver processes to support the approval, monitoring, review and distribution of investment instruments and services in line with regulatory requirements. Ensure that product governance controls, Target Market Assessments (TMAs), product markers, and approval workflows are maintained, operated, and continuously improved, helping the firm deliver good client outcomes and meet its regulatory and internal governance obligations. Produce and analyse management information, manufacturer reports and fair value assessments and maintain policies and procedures to support product governance.

Outcomes for the role

• Lead on the development and implementation of the product approval and review framework, governed by the Product Governance Committee (ProdGovC).
• Lead and co-ordinate work to ensure regulatory and policy requirements are implemented and reported on
• Maintain and enhanced a suite of product templates, working cross-functionally to ensure compliance with proposition, operational and technical policy and procedures.
• Lead on responses to regulatory and ad-hoc reporting requirements, including responding to target market information requests, co-ordinating data collation and SME input as required to support.
• Engage with external stakeholders such as manufacturer, industry and regulatory consultation groups to ensure the incorporation of best industry practice.
• Develop, produce, analyse and report MI on product governance information, including target market assessment outcomes, to support product governance processes and decision-making.
• Respond to manufacturer requests relating to product governance
• Lead on continuous improvement through analysis of product governance outcomes
• Present proposals and MI to Product Governance Committee and other relevant governance, investment and management committees as required.

What skills and knowledge are we seeking?

• At least five years\' prior experience of the wealth management or investment management industry
• Direct experience in the field of product governance, preferably on the buy side
• Good knowledge of relevant regulation, including Consumer Duty, PROD, MiFID II
• Knowledge of industry norms and approach to regulatory implementation
• Strong analytical and numerical skills
• Process analysis, design and documentation
• Highly organised, experienced in planning workloads against the background of changing priorities
• Highly motivated self-starter able to work independently, taking the initiative to address complex problems
• Thorough and accurate
• Team player

Our offer to you

We want everyone at Rathbones to fulfil their potential, in an environment where you are proud to work and feel like you belong.

We offer a comprehensive remuneration package, which we review regularly, and benefits include:

• A company pension - 9% non-contributory or 10% if you contribute 5%
• Private medical insurance – Individual on joining, family after 1 year’s service
• Life assurance - 8 x salary
• Company share scheme
• Discretionary bonus
• Flexible holidays – purchase up to 5 additional days
• Green Car Scheme
• Family friendly policies – enhanced family leave for parents & carers
• Study support – study days and funding for courses and qualifications
• Season travel ticket loans
• Other voluntary benefits you can choose to suit you

Life at Rathbones

We aim to become an employer of choice for the wealth management sector, to achieve this we are working hard to build a diverse, equal, and inclusive workplace that motivates, develops and embraces the strengths of all our colleagues. Being part of Rathbones means you will join a team of passionate professionals in a successful culture that cares for its people. At Rathbones, we provide meaningful work, opportunities, and a voice to all.

We are committed to building a team that is made up of diverse skills, experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values.

We’re a Level 2 Disability Confident Employer under the UK Government scheme. This means we’ve signed up to a set of commitments around how we recruit, retain and develop people with disabilities. Find out more about the Government Scheme online.

If you feel there are any reasonable adjustments that would make the process easier for you and help you to perform at your best whether that is due to disability, neurodiversity or other protected characteristic, just let us know by emailing us at [e-mail]

Mission

We believe in playing the long game. That means building consistent results, earning trust and doing the right thing — for our clients, our colleagues and the communities we’re part of.

Our values shape how we work:

- We aim high
- We get it done
- We show we care
- We do the right thing

These aren’t just words on a wall. They guide how we treat each other, how we make decisions and how we build relationships that last.

We will close this advert once we have received enough applications for the next stage. Please submit your application as soon as possible to ensure you don’t miss out.

We are committed to building a team that is made up of diverse skills, experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values.

We’re a Level 2 Disability Confident Employer under the UK Government scheme. This means we’ve signed up to a set of commitments around how we recruit, retain and develop people with disabilities. Find out more about the Government Scheme online.

If you feel there are any reasonable adjustments that would make the process easier for you and help you to perform at your best whether that is due to disability, neurodiversity or other protected characteristic, just let us know by emailing us at [e-mail]

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