Our client, a leading global investment firm, is looking for an AVP/VP, Product Management, to join their growing team.
20th May, 2021
Location(s): Los Angeles, CA or New York, NY (Once COVID calms down)
Job Description & Synthesis
The Product Structuring and Launch department is responsible for oversight of various activities across the product development lifecycle, including (i) incubation of new product ideas, (ii) vetting of new product concepts in concert with the Chief Product Officer and Product Governance Board, (iii) defining structure and terms for funds and bespoke mandates, and (iv) coordination of pre-and post-launch activities for new product initiatives. The Launch Manager will report to the Head of Product Structuring and Launch, while working closely with a broad group of client constituents comprised of investment and non-investment teams, including marketing and client relations, corporate development, legal, compliance, accounting, tax.
Assume a leadership role in partnering with marketing representatives, investment professionals, product specialists, and other internal stakeholders to research, propose, and implement new product ideas, bespoke client solutions, or new investor channels for product distribution
Contribute to the definition of terms, pricing, and positioning of new products
Research and prepare analyses regarding competitive landscape or market trends
Develop financial models that assess Corporate and fund-level profitability for new product offerings
Provide project management support for fund launch and account onboarding activities, covering fundraising preparedness and operating model design
Set up and deliver new funds to market
Partner with cross-functional teams on operational readiness in advance of fund closings
Maintain a firmwide view of new product initiatives (“New Product Pipeline”)
Promote engagement and awareness of new product initiatives across stakeholder groups firmwide
10+ years of relevant experience in product/project management with a focus on the investment management industry;
Understanding of all aspects of product development, positioning, and implementation within a financial services environment;
Experience with financial modeling and sensitivity analyses that incorporate various investment fee structures and expense concepts;
Ability to acquire a thorough knowledge of the legal, accounting, compliance, and investment aspects of the investment products offered by client;
Highly resourceful; ability to exercise superior judgment regarding investor requests: to interpret them, ask appropriate questions, do homework, and only expend internal resources of the firm for the most relevant, needed situations;
Experience operating a function and/or designing or improving processes; and
Superior communication skills, both written and verbal.
Bachelor’s degree (major in Finance, Business, Marketing, Communications or related field preferred). MBA or CFA a plus.