Role Description

Allianz has a fantastic opportunity to join our family of talented people in the 1st line Regulatory Standards team as a Product Value Consultant.

Providing value to our customers through the products and services we provide is crucial, not just to meet our regulatory responsibilities, but more importantly to ensure that we meet the reasonable expectations of fair value and good outcomes of our customers.

To assist us in achieving this, an opportunity has arisen for a Product Value Consultant. Working directly with the Product Value Manager, this role provides additional support in ensuring that customer value is maintained throughout the lifecycle of all of Allianz Commercial’s products, as detailed with our Product Oversight & Governance Standard.

Ensuring our products provide fair value:

• Monitor and update as required our framework of product oversight & governance controls to ensure regulatory compliance and good customer outcomes.
• Interpret regulatory and legal developments to ensure Allianz Commercial continues to meet its regulatory responsibilities in relation to product and customer value.
• Ensure that the product oversight and governance principles that Allianz Commercial must comply with are adhered to.
• Conduct an annual review of the Product Oversight & Governance manual to ensure it remains compliant with all regulatory and legislative requirements.
• Co-ordinate and oversee the product review process across Allianz Commercial ensuring a risk prioritised approach in line with internal and external requirements.
• Provide input and commentary on product analysis to ensure our product suite provides customer value, meets customer needs and removes exposure to any identified customer harm.
• Oversee any corrective actions relating to Commercial products through to resolution.
• Ensure appropriate and timely escalation to 2nd line functions where appropriate.
• Co-ordinate any internal or external reviews and audits in relation to Product Value.
• Support the product walkthrough process to ensure products are communicated appropriately to our customers.
• Work across Allianz Commercial to support the ongoing development of a customer value culture.
• Support the Product Value Manager in engaging with the business and senior stakeholders in keeping them informed of plans, progress, and outcomes.
• Obtain, evaluate, and compile distribution chain information.

Essential Skills

• You will have experience in a compliance or regulatory role within a regulated Financial Services company with Commercial Insurance knowledge desirable. Compliance or Insurance qualifications are preferred as well as a good knowledge of FCA rules and guidance.
• You will have excellent written and verbal communication skills with the ability to explain complex or technical information in a straightforward way and when required the ability to Influence and negotiate.
• You will demonstrate an initiative-taking approach and the ability to build strong relationships with internal stakeholders at all levels and external customers.
• You will have the ability to interrogate data, identify trends and articulate your findings in an engaging and easily understandable way.

What We Will Offer You

Circa Salary £53,000

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

• Flexible buy/sell holiday options
• Hybrid working.
• Annual performance related bonus
• Contributory pension scheme
• Development days
• A discount up to 50% on a range of insurance products including car, home and pet
• Retail discounts

Our Ways of Working

Do you need some flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen.

Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Diversity & Inclusion

At Allianz, we prioritize diversity and inclusion, demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community’s Race at Work Charter signatories, and Armed Forces Covenant gold standard employer.

We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success.

We encourage our employees to advocate for their needs, whether it’s assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.

Accessible Application for All

As part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role.

Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.

Hr-recruitment@allianz.co.uk

resourcingteam@allianz.co.uk

Join us - Let’s Care for Tomorrow.

64101 | Risk Management | Professional | Non-Executive | Allianz UK | Full-Time | Permanent

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