At a Glance
- Tasks: Lead product development, ensuring client needs are central to every stage.
- Company: Join a dynamic asset management firm focused on innovative fund solutions.
- Benefits: Enjoy flexible working options and a collaborative team culture.
- Why this job: Make a real impact in the financial sector while developing your skills.
- Qualifications: Experience in product management within asset management is essential.
- Other info: Opportunity to work with international regulations and diverse fund structures.
The predicted salary is between 48000 - 72000 £ per year.
Responsibilities:
- Ensure the client is at the heart of the work and that their needs and requirements are considered at each stage of the Product Lifecycle.
- Oversee and manage all aspects of fund launch, change, merger and closure processes.
- Prepare proposal papers for the Product & Distribution Committee (PDC) – presenting from time to time – plus prepare and maintain project plans and action logs.
- Set clear expectations throughout development processes with all stakeholders as it relates to documentation review, time to market, operational set up, reporting requirements, and potential issues to resolve.
- Conduct proactive assessments of products to ensure that they remain competitive, viable and fit-for-purpose, overlaying with market intelligence to assess potential new opportunities.
- Assist with the production of annual product reviews, completing the reporting templates for the PDC and ensuring actions are taken forward to completion.
- Assist with the annual Assessment of Value (AoV) project and produce the Board report, ensuring results are identified in a timely manner and actions agreed with internal stakeholders.
- Identify potential development opportunities (e.g. strategies or delivery mechanisms), contributing to the Ideas Pool generation and Product Development Forum agenda.
- Co-ordinate fund country registrations, preparing evaluation reports with recommendations for governance committees and fund boards.
- Lead the quarterly share/unit class reviews and complete reports for the PDC.
- Act as SME for product-related queries, answering questions that arise, representing the team in various projects and signing off on accuracy of product data.
- Contribute to the product oversight and governance framework by providing input and analysis as required, updating procedures and policies to reflect ongoing enhancements.
- Act on changes in regulation and market practice to ensure the fund vehicles are competitive and compliant.
- Understand the impact of changing regulations on the business and the funds in the UK, Luxembourg and other relevant jurisdictions.
Experience required:
- Product Development and/or management experience within asset management, good experience of UK and Luxembourg domiciled UCITS and non UCITS funds (e.g. NURS, SIF).
- An understanding of fund distribution in both UK and Internationally into multiple jurisdictions and sensitivity to pan-European complexities and dependencies.
- An understanding of the asset management regulatory environment including confirmed knowledge of UK and European fund regulation (e.g. PROD, UCITS V, AIFMD, MiFID II etc).
- An understanding of ESG and the evolving regulatory, data and reporting requirements (e.g. SFDR, SDR).
- Project management ability and experience, including complex initiatives, with the ability to manage working groups.
- Experience co-ordinating and/or reviewing unit trust, OEIC and/or SICAV prospectuses.
- A detailed understanding of how a fund operates e.g. distributions, tax, pricing, valuations.
- Strong communications/stakeholder management skills.
- Analytical skills with ability to influence and use initiative.
Product Development Manager employer: William Blake Group
Contact Detail:
William Blake Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Development Manager
✨Tip Number 1
Network with professionals in the asset management industry, especially those who have experience in product development. Attend relevant conferences or webinars to meet potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 2
Familiarise yourself with the specific regulations and compliance requirements related to UK and Luxembourg domiciled funds. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the complexities of the role.
✨Tip Number 3
Prepare to discuss your project management experiences in detail. Be ready to share examples of how you've successfully led complex initiatives, managed stakeholder expectations, and navigated challenges in previous roles.
✨Tip Number 4
Stay updated on the latest developments in ESG regulations and reporting requirements. Showing that you are proactive about understanding these evolving standards can set you apart from other candidates.
We think you need these skills to ace Product Development Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in product development and management, particularly within asset management. Emphasise your understanding of UK and Luxembourg domiciled funds, as well as your project management skills.
Craft a Compelling Cover Letter: In your cover letter, demonstrate your passion for the role and how your background aligns with the responsibilities outlined in the job description. Mention specific experiences that showcase your ability to manage fund launches and your familiarity with regulatory environments.
Showcase Analytical Skills: Provide examples in your application that illustrate your analytical skills and ability to influence stakeholders. Highlight any past projects where you successfully assessed product viability or contributed to strategic decisions.
Highlight Communication Skills: Since strong communication and stakeholder management skills are crucial for this role, include instances where you've effectively communicated complex information or led discussions with various stakeholders in your previous roles.
How to prepare for a job interview at William Blake Group
✨Know Your Product Lifecycle
Familiarise yourself with the product lifecycle in asset management. Be prepared to discuss how you would ensure client needs are met at each stage, and provide examples from your past experience that demonstrate your understanding.
✨Showcase Your Regulatory Knowledge
Brush up on UK and European fund regulations such as UCITS and AIFMD. During the interview, highlight your experience with these regulations and how they impact product development, especially in relation to ESG requirements.
✨Demonstrate Stakeholder Management Skills
Prepare to discuss how you've effectively managed stakeholders in previous roles. Use specific examples to illustrate your communication skills and how you set clear expectations throughout development processes.
✨Be Ready for Technical Questions
Expect technical questions related to fund operations, such as distributions and valuations. Brush up on these topics and be ready to explain complex concepts in a simple way, showcasing your analytical skills.