About us
From day one, you'll notice there is something special about working at Davy.
Our success is built on nearly 100 years of forging strong relationships with our clients and developing the careers of Ireland's future business leaders.
Established in ****, the Davy Group sits at the heart of wealth and capital in Ireland, providing a broad range of services to high-net-worth individuals, self-directed investors, small-to-medium enterprises, credit unions, corporations, and domestic & international institutional investors.
Our culture is shaped around three values, which are at the heart of everything we do: client success, one Davy, and building a proud legacy.
Sharing the same goals, we work together to deliver exceptional outcomes for our clients.
As part of a team of over 900, you will be encouraged to learn and to grow, both professionally and personally.
About the role
The Financial Product Governance Lead is responsible for embedding and overseeing robust Financial Product Governance across Davy Group, in line with MiFID II regulations and the Central Bank of Ireland's Product Lifecycle requirements.
The role ensures that, as Davy manufactures and distributes a wide range of financial products, product design, distribution, monitoring and review activities are conducted in the best interests of clients and that all products are designed, delivered, monitored, and withdrawn in a manner that meets regulatory expectations, protects clients, and aligns with the firm's risk appetite and conduct standards.
Product Governance is a core component of Davy's regulatory framework and risk management approach.
Key Responsibilities
1. Product Governance Oversight & Regulatory Compliance
Monitor developments in Product Governance regulation and support implementation and adherence to regulatory change and Central Bank of Ireland expectations
Work with the Risk team to assess the impact of Davy's product manufacturing and distribution activities on the Group's risk profile
Prepare Key Risk Indicators (KRIs) and Product Governance risk metrics
Act as the primary point of contact for the Product & Service Approval Process and Product Governance queries between:
Second Line of Defence (Compliance, Risk, Legal)
First Line business units, operations, and central functions
Determine whether proposed initiatives fall within scope of product governance frameworks
Operate within Davy's "Three Lines of Defence" model
2. Embed & Manage Product Governance Practices
Embed and maintain Product Governance policies, procedures, templates and processes across all Davy entities
Provide Product Governance training to teams involved in:
Product manufacturing
Product distribution
Relevant Committees
Product Design & Delivery
Assist business managers in establishing clear accountability and responsibility for Product Governance within their teams
Oversee and manage the end-to-end Product & Service Approval Process workflow, from proposal intake to approval, ensuring customer protection, fair client outcomes and vulnerable client considerations are embedded at all stages
Provide effective challenge to Business Units on regulatory, conduct, and operational risks
Monitor and drive Product Governance reporting across:
Product manufacturing
Distribution activities
Exceptions management
Risk appetite
Identify, document, and elevate Product Governance concerns to the relevant internal Committee
3. Product Distribution & Supply Chain Governance
Act as a subject matter expert and central point of contact for Product Governance queries
Coordinate Product Governance requirements with third-party manufacturers and distributors
Monitor the accuracy, timeliness, and completeness of Product Governance reporting, including:
Product specifications (European MiFID Template – EMT)
Target market data
Sales data
Complaints and issue management
Review product sales and distribution data to proactively identify risks and issues
Ensure all product teams understand and appropriately act on product or sales complaints in line with Group complaint-handling processes
Maintain Product Governance as a standing agenda item in service review meetings with third-party manufacturers and distributors
4. Committee Support
Collate and present the quarterly Product Governance Report, covering all Davy legal entities, including:
Sales performance versus target market
Complaint notifications and trends
Current and emerging issues
Approval conditions, remediation actions and outcomes
Provide assurance to the committee that Product Governance regulatory requirements are being met, highlighting any emerging threats
5. New Product & Change Governance
Support product sponsors in navigating Product Governance policies and procedures for:
New product manufacturing proposals
New distribution arrangements
Assess and present relevant Product Governance information to internal Committees to support approval or decline decisions
6. Monitoring, Reviews & Assurance
Maintain the Central Product / Service Register and Product Lifecycle Review schedule
Oversee and coordinate Post-Implementation Reviews (PIRs) and Product Lifecycle Reviews (PLRs)
Review PIR and PLR outputs for adequacy, challenge findings, and elevate issues where required
Support periodic assurance reviews and regulatory inspections
7. Regulatory Compliance & Advisory
Monitor and assess compliance with MiFID II, MiFIR, CBI regulations, and relevant EU and Irish legislation
Provide regulatory advice and guidance to business units on day-to-day compliance matters
Interpret regulatory developments and support implementation of regulatory change
Assist in maintaining the firm's regulatory obligations matrix and compliance frameworks
Identify compliance risks, control weaknesses, and instances of non-compliance
Maintain accurate compliance records and audit trails
Support the development and delivery of compliance training programmes
Knowledge & Experience
5 years + experience in a product governance role within a MiFID Investment Firm
Strong knowledge of financial products
Strong understanding of conduct risk and customer protection
Proven experience working in a regulated, compliance-driven financial services environment
Knowledge of MiFID II regulations
Risk consulting experience (advantageous)
Chartered Accountant qualification or equivalent professional experience (advantageous)
Skills & Competencies
Excellent written and verbal communication skills
Strong organisational and administration skills
High attention to detail
Ability to manage multiple priorities independently
Proactive, solution-oriented approach to problem identification and resolution
Ability to influence stakeholders and drive alignment toward common goals
Proven ability to build and maintain effective relationships across all levels of the organisation
Comfortable engaging with external third parties (manufacturers and distributors)
Demonstrated commitment to continuous personal and professional development
What we offer
We offer a range of benefits and experiences to support your professional and personal growth, whatever your career stage.
Our benefits are not just a number.
Yes, we offer competitive salary, annual performance-related discretionary bonus, annual flexible benefits, employer pension contribution, and multiple insurance coverage.
But more than that, we focus on developing our people to be their best, professionally and personally.
Training support provided by award-winning Learning & Development Team, extensive sports & social programmes (including free on-site gym & fitness studio), flexible working options, employee assistance programme, enhanced leave options, and social & community care initiatives are just some of the ways our people can empower themselves to be their best.
Important Information
Davy is an equal opportunities employer and we are committed to fostering an inclusive workplace.
We value diversity both in background and in experience.
You might not meet all of the requirements outlined in the above job description, but we would still like to hear from you.
We review all applications received.
Appointment to this role is subject to the candidate's eligibility to work in Ireland.
Where agency assistance is required, our Recruitment Team will engage directly with suppliers.
Unsolicited CVs / profiles supplied to us by recruitment agencies will not be accepted for this role.
Davy Group is a member of the Bank of Ireland Group.
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