Head of Product Development & ManagementJob Title: Head of Product Development & Management
Fitness & Probity Classification: CF2
Role Type: Permanent, Full Time
Position Reports To: AGL Head of Product and Investment
Department: AGL Product & Investment
Location: AGL Head Office, Maple House, Temple Road, Blackrock, Co. Dublin
Background:
Allianz Global Life dac ("AGL") is a rapidly growing cross-border life insurer with products sold in the French, Italian, and German markets, and more recently, the Greek and Lithuanian markets. Our goal is to expand into other markets while continuing to expand our product range.
Main Purpose of the Job: The key contribution of this role is to design and establish the qualitative area of the product department.
Support Head of Product and Investment in building a product department with a culture of excellence.The "Customer and Market Excellence" component includes:Customer Protection (e.g. PRIIPS) and compliance with regulatory standards (e.g. SFDR, Irish Pension Act, etc.);Own and manage the Product Governance system and its implementation;In collaboration with Operations, manage the implementation and maintenance of products;Build knowledge share on all AGL products.The "Entrepreneurship" component includes:Contribute to and/or coordinate competitor analysis of AGL's products;Research into new product designs and features, anticipating changes due to regulatory and market trends.Key Performance Measures: Customer Protection and compliance with regulatory standards: Ensure all products and product documentation fulfil regulatory requirements (e.g. PRIIPS, SFRD). Product Documentation includes product specifications and contractual documentation.Oversight of outsourced PRSA Actuary responsibilities.Manage the relationship with external legal/tax advisors.Contribute to product design and specification from a non-quantitative perspective.Ensure that the team satisfies CBI's Minimum Competency Code.Own and manage the Product Governance system: Act as PAOC secretary and responsible for legal compliance of products.Coordinate with relevant AGL branches and external advisors for compliance sign-off.Manage collaboration with Operations: Design and develop the product launch checklist template.Coordinate the creation/changes and sign-off of BRDs and product specs.Manage overall Product control framework.Build knowledge share on all AGL products: Maintain and develop the "AGL product Information" SharePoint.Act as knowledge centre on product functionality.No of Reports: 1-2 (Trieste/Dublin)
Key Customers: Internal: GL Senior Management, AGL branches, Compliance, Market Management, Operations, Actuarial, Risk.
External: GCL, TPAs.
Business Competencies: Education and Qualifications: University degree in Finance/Business/Law or similar. Ideally APA or QFA qualified or willingness to pursue qualification.
Professional Competence: Minimum of 5 years of experience in a similar role within the Life Insurance Industry.
Product & Technical Knowledge: Understanding of customer protection requirements for life insurance and financial regulations of the European market.
Management: Ability to form and lead high performing teams.
Commercial Awareness: Strong understanding of the European Life Insurance Market.
Personal Competencies: Personal Impact: Self-motivated with a can-do attitude.
Intellectual Effectiveness: Strong analytical skills combined with emotional intelligence.
Communication: Ability to communicate technical detail in a straightforward manner. Proficiency in Italian or French is a plus.
Dealing with people: Ability to build strong relationships with internal and external stakeholders.
Fitness & Probity: Conduct to be honest, ethical, and act with integrity.Demonstrate financial soundness.Allianz Global Life DAC is an equal opportunity employer and welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic.
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