At a Glance
- Tasks: Lead product strategy and development for innovative investment solutions.
- Company: Join Federated Hermes, a global leader in responsible investment management with $839.8 billion in assets.
- Benefits: Enjoy flexible working arrangements and a diverse, inclusive workplace culture.
- Why this job: Be part of a high-impact role that shapes client-centric products and drives future growth.
- Qualifications: 5+ years in product development; familiarity with UCITS, AIFMD, and MiFID II regulations.
- Other info: We encourage applications from diverse backgrounds and offer support for candidates with disabilities.
The predicted salary is between 43200 - 72000 ÂŁ per year.
About Federated Hermes; Federated Hermes, Inc. is a global leader in active, responsible investment management, with $839.8 billion in assets under management, as of March 31st, 2025. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide.
Main Function of the role:
This is a high profile and business-critical role given the importance of developing and managing client-centric and innovative products (funds and segregated mandates) across all asset classes managed by Federated Hermes to support Federated Hermes’ future growth and continued success. In addition to core product strategy and development activities, the jobholder will be expected to support the firm’s distribution and corporate strategy initiatives.
There is an emphasis on maintaining strong relationships with a number of key business areas within Federated Hermes, in particular investment management, business development, compliance and risk, legal and operating teams to help deliver future product growth. The jobholder will work closely with key stakeholders from the above teams, as well as suppliers of outsourced services, to help shape robust business cases for new products and changes to the existing range. The jobholder will be expected to support the business in understanding issues such as selecting fund domicile and structures, fund arrangements, competitor and asset class information including researching and preparing proposals to assist management in decision making.
They will have a good working knowledge of relevant regulation (MiFID II, AIFMD and UCITS) and its impact on the business and fund ranges in order to support product development and business-wide initiatives. As part of the role, the jobholder will be expected to promote the product governance approval processes across the business and may also act in a secretarial function for relevant product governance committees.
Key tasks and responsibilities:
- Build and manage strong relationships at all levels with key stakeholders across the business, such as the investment management, business development, operations, compliance and legal teams, to promote the effective setting and delivery of product strategy and development.
- Promote client-centric activity aligned with Federated Hermes’ responsible investment focus and the expectations of the regulator(s).
- Project manage the implementation of complex product development, change and ongoing product management activities.
- Advise the business on the considerations for new product strategy and development across a range of areas, including regulatory and legal requirements, potential operational efficiencies and issues, speed to market etc. across various jurisdictions including, but not limited to, the UK, US, Ireland and Luxembourg.
- Shape and play a role in the governance mechanisms used to manage, approve, prioritise and deliver product development initiatives, including secretarial activities for product governance committees.
- Maintain an effective balance between efficient delivery and the ability to respond to market opportunities.
- Understand the competitor landscape and use market intelligence to inform product design – prepare market research analysis using databases and third-party provider information.
- Support Federated Hermes in its response to regulatory change and participate in working groups as required.
- Maintain the product pipeline and assist in preparing management reports for the business on product related activity.
Experience Required:
- Professional qualification e.g. in finance, accountancy, law or tax is desirable although not a pre-requisite.
- Likely to have a minimum of 5 + years’ product development and/or strategy background in an asset management environment with proven track record of delivery, in order to demonstrate the skills and knowledge necessary.
- Experience in delivery of public and/or private markets funds expected.
Minimum knowledge and Experience Required:
- Strong project management skills.
- Familiarity with UCITS, AIFMD and MiFID II regulation expected.
- Strong intellectual skills evidenced by good results in top-ranked University degree level education (or equivalent).
Candidate Profile:
The successful candidate will be likely to have/be:
- A strong entrepreneurial outlook – self-starting with ability to show initiative and a desire to drive tasks through to completion in timely manner.
- Strong planning and organisation skills and high attention to detail.
- An ability to express complex concepts in clear language - exceptional communication skills (emails, board papers, presentations, meetings).
- The ability to build relationships and influence stakeholders at all levels of management across the business and suppliers.
- An awareness of operational, reputational and investment risk and the ways these can be mitigated.
- Highly intellectual with the ability to act in a proactive professional manner, either autonomously or as part of a broader team.
- An ability to multi-task and lead complex change projects - at times the successful candidate will be required to drive more than one proposal at a time alongside overseeing projects managed by other team members.
- Strong strategic analysis and proposition development skills.
- Good investment knowledge across a broad range of investment strategies and the regulatory landscape across the UK, US, Ireland and Luxembourg.
- Knowledge and understanding of the institutional and wholesale investor landscape in UK and Europe.
- Global investor knowledge is also desirable.
Diversity, Inclusion and Flexible Working
We believe in genuine opportunity, fairness, and respect for all applicants and aim to ensure that no current or prospective employee is subject to discrimination or treated less favourably on the basis of their disability, gender identity or expression, race, ethnicity, religion or belief, marriage or civil partnership, pregnancy and maternity, age, sex, or sexual orientation, or disability. We understand that applicants may have different needs and expectations related to their working arrangements and are committed to a discussion on flexible working. Please raise these with your Recruitment contact to discuss what type of arrangements can work for you and the role for which you are applying.
We welcome applications from all eligible candidates, and we particularly encourage applications from qualified candidates who identify as women and/or are from a Black, Asian and Minority Ethnic background, as these groups are underrepresented throughout the financial services sector.
We are a Disability Confident Employer and participate in the “Offer of Interview” scheme, intended to actively encourage applications from people with a disability or long-term condition and offer an interview to those who meet the minimum criteria set out within this job description. You will need to let us know if you would like to opt in to this scheme by contacting Jessica Sheehan at or +44 207 702 0888. You do not need to share details of your disability or long-term condition.
If you would benefit from alternative methods of applying or for workplace adjustments during the recruitment process, please also let us know by contacting Jessica Sheehan at or +44 207 702 0888 to discuss the support you need.
Please be advised that applications will not be reviewed until the week beginning 14th July.
Manager - Product Strategy & Development employer: Federated Hermes Limited
Contact Detail:
Federated Hermes Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager - Product Strategy & Development
✨Tip Number 1
Network with professionals in the asset management industry, especially those who have experience in product strategy and development. Attend relevant industry events or webinars to connect with potential colleagues and learn more about the latest trends.
✨Tip Number 2
Familiarise yourself with the regulatory landscape, particularly MiFID II, AIFMD, and UCITS. Understanding these regulations will not only enhance your knowledge but also demonstrate your commitment to compliance and governance in product development.
✨Tip Number 3
Showcase your project management skills by discussing any relevant experiences where you successfully led complex projects. Highlight your ability to manage multiple tasks and drive proposals to completion, as this is crucial for the role.
✨Tip Number 4
Research Federated Hermes and its product offerings thoroughly. Understanding their client-centric approach and investment strategies will help you align your discussions during interviews with their business goals and values.
We think you need these skills to ace Manager - Product Strategy & Development
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Manager - Product Strategy & Development position. Tailor your application to highlight how your experience aligns with the key tasks mentioned in the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasise your product development and strategy background, particularly in asset management. Provide specific examples of projects you've managed and how they relate to the role's requirements.
Showcase Your Skills: Demonstrate your strong project management skills and familiarity with regulations like UCITS, AIFMD, and MiFID II. Use clear language to express complex concepts, as effective communication is crucial for this role.
Personalise Your Application: Make your application stand out by personalising it. Address your cover letter to the hiring manager if possible, and mention why you are specifically interested in working for Federated Hermes and how you can contribute to their goals.
How to prepare for a job interview at Federated Hermes Limited
✨Know Your Regulations
Familiarise yourself with UCITS, AIFMD, and MiFID II regulations. Being able to discuss how these impact product development will show your depth of knowledge and readiness for the role.
✨Demonstrate Project Management Skills
Prepare examples of complex projects you've managed in the past. Highlight your ability to balance multiple tasks and drive proposals to completion, as this is crucial for the role.
✨Build Relationships
Be ready to discuss how you've successfully built relationships with stakeholders in previous roles. This position requires strong collaboration across various teams, so showcasing your interpersonal skills is key.
✨Showcase Strategic Thinking
Prepare to discuss your approach to strategic analysis and proposition development. Use specific examples to illustrate how you've used market intelligence to inform product design in the past.