Product Manager

About the role

The Product Manager plays a key role in the product function, supporting the day-to-day delivery of product governance activities and helping to ensure the product range remains fit for purpose. The role is responsible for producing analysis, management of information and documentation that support product approvals, fair value assessments, target market reviews, and ongoing product monitoring.

A dual-hatted role

The Product Manager supports product governance across Progeny Wealth and provides equivalent support to Progeny Asset Management (PAM). This includes preparing ACD governance material s, Assessment of Value inputs, and fund oversight reporting. The role ensures that governance is not just designed but consistently evidenced, maintaining a complete, accurate and audit-ready record of product decisions and governance activity.

Key Areas of Focus

Product Governance Delivery

Preparing product approval, product change, and periodic review packs; maintaining target market and distribution documentation; and ensuring the governance calendar is met on time and to standard.

PAM / ACD Support

Producing the data, analysis, and documentation required for ACD governance and the annual Assessment of Value across the PAM fund range, including cost, performance, quality of service, and comparable market rates analysis.

Product MI and Monitoring

Building and maintaining the product MI suite, tracking in-life product performance, value, and client outcomes, and flagging where products are drifting from their intended target market.

Key responsibilities include:

• Prepare product approval, change, and periodic review documentation for the Product Governance Committee, ensuring papers are accurate, complete, and issued on time.
• Produce fair value assessments and supporting analysis across the wealth product range, including cost benchmarking and benefit mapping.
• Compile the data and analysis required for the PAM Assessment of Value and broader ACD governance reporting.
• Maintain target market statements, distribution strategy records, and product documentation, ensuring the product register remains accurate and up to date.
• Build, maintain, and interpret the product MI suite, identify trends and elevate ?
• Undertake competitor and market analysis to inform product positioning, pricing, and range development.
• Coordinate with compliance, investment, operations, marketing, and external partners to gather inputs and resolve product queries.
• Support the delivery of product changes, rationalisation, and withdrawal activity, including client and adviser communications.
• Maintain a complete and audit-ready evidence trail behind all product governance decisions.

Our ideal person

Essential criteria

• Experience in a product, proposition, or product governance role within UK financial services or asset management.
• Working knowledge of PROD, Consumer Duty, and product governance requirements for manufacturers and distributors.
• Strong analytical skills, including confident use of Excel for cost, pricing, and performance analysis.
• High standard of written work, with the ability to produce clear governance papers for a senior audience.
• Excellent attention to detail and the organisational discipline to manage a fixed governance calendar.

Desirable criteria

• Exposure to ACD, AFM, or fund governance, including Assessment of Value processes.
• Progress towards a relevant professional qualification (e.g. IMC, Diploma in Regulated Financial Planning, or equivalent).
• Experience with product or fund data, platform data, or MI tooling.
• Familiarity with proposition, investment governance, or advice governance environments.

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