At a Glance
- Tasks: Lead the strategy and governance of Money Market Funds, ensuring market-leading offerings.
- Company: Join Apex Group, a global leader in fund administration with a collaborative culture.
- Benefits: Competitive salary, professional development, and international collaboration opportunities.
- Other info: Dynamic environment with opportunities for career growth and innovation.
- Why this job: Make a real impact in a high-visibility role that shapes fund product direction.
- Qualifications: 8-10 years in asset management with expertise in Money Market Funds required.
The predicted salary is between 80000 - 100000 £ per year.
Apex Group was established in Bermuda in 2003 and is now one of the world's largest fund administration and middle office solutions providers. Our business is unique in its ability to reach globally, service locally and provide cross‑jurisdictional services. With our clients at the heart of everything we do, our hard‑working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.
We are seeking a senior Product Lead to own the strategy, governance, and commercialisation of Apex's Money Market Fund (MMF) product offering. The role requires deep expertise in MMF regulation, transfer agency operations, and fund administration, and will serve as Apex's primary subject matter authority on MMF products. The successful candidate will work across Operations, Compliance, Sales, and Client Services to ensure Apex's MMF proposition is market‑leading and commercially compelling.
Key Responsibilities- Product Strategy & Governance: Define and own the MMF product roadmap, covering fund structures (VNAV, CNAV, LVNAV), share classes, and distribution models. Lead product governance including product approval, lifecycle management, and ongoing regulatory compliance across ESMA, SEC, FCA, and CBI frameworks. Monitor MMF regulatory developments and translate requirements into product and operational change programmes.
- Transfer Agency & Fund Operations: Define the Target Operating Model for TA services supporting MMFs, covering subscription/redemption processing, same‑day settlement, yield distribution, and investor reporting. Partner with Fund Administration teams to ensure NAV calculation, fund accounting, and reporting meet MMF‑specific standards. Drive continuous service improvement to enhance operational resilience and SLA performance across MMF mandates.
- Commercialisation & Business Development: Provide MMF product expertise during client pitches, RFP responses, and due diligence processes. Identify cross‑selling opportunities across Apex's integrated fund services suite including depositary, regulatory reporting, and ESG services. Contribute to competitive pricing strategy, commercial modelling, and revenue growth initiatives.
- Market Analysis & Client Management: Maintain deep knowledge of global MMF market dynamics, regulatory trends, ESG/sustainable MMF developments, and competitor positioning. Act as primary client escalation point for MMF product and operational matters; lead onboarding and implementation for new mandates. Produce market insight and thought leadership materials for internal and external audiences; represent Apex at industry forums.
- Bachelor's degree in Finance, Accounting or related discipline; CFA, CAIA, ACCA or equivalent qualification advantageous.
- Minimum 8-10 years in asset management or fund services, with significant and demonstrable exposure to Money Market Funds.
- Proven experience in a product management, product strategy, or product governance role within fund administration, transfer agency, or asset management.
- Deep knowledge of MMF structures (VNAV, CNAV, LVNAV) and applicable regulatory frameworks including ESMA MMF Regulation, SEC Rule 2a-7, and IMMFA standards.
- Strong understanding of Transfer Agency operations: AML/KYC onboarding, subscription/redemption workflows, shareholder reporting, and NAV‑related processes.
- Proven ability to define and implement Target Operating Models in a fund services environment.
- Excellent stakeholder management, communication, and commercial skills; ability to engage credibly at senior levels with clients and internal leadership.
- Self‑starter with a collaborative mindset and the ability to drive change across complex, multi‑jurisdictional organisations.
- Senior, high‑visibility role with direct influence over Apex's strategic fund product direction.
- Competitive compensation package aligned with experience and expertise.
- Professional development, exposure to regulatory change, and emerging fund structures across multiple jurisdictions.
- International collaboration across asset classes, business lines, and global client relationships.
Product Lead - Money Market Funds in London employer: CFA Institute
Apex Group is an exceptional employer, offering a dynamic work environment where your career can flourish alongside a team of over 13,000 dedicated professionals. With a strong focus on employee empowerment and growth, we provide competitive compensation, professional development opportunities, and the chance to influence industry-changing products in the Money Market Funds sector. Our collaborative culture encourages innovation and supports you in turning bold ideas into reality, all while working in a globally recognised firm that values local service and cross-jurisdictional expertise.
StudySmarter Expert Advice🤫
We think this is how you could land Product Lead - Money Market Funds in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like CFA Institute. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Product Lead - Money Market Funds in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to CFA Institute.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on CFA Institute's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at CFA Institute
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with CFA Institute.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at CFA Institute will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former CFA Institute employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
