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 £ 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.
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.
- 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:
- 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.
- 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.
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.
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 initiatives 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 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in product strategy and development, particularly in asset management. Use specific examples that demonstrate your project management skills and familiarity with regulations like UCITS, AIFMD, and MiFID II.
Craft a Compelling Cover Letter: In your cover letter, express your entrepreneurial outlook and ability to drive tasks to completion. Mention how your skills align with the responsibilities outlined in the job description, such as building relationships with stakeholders and managing complex projects.
Showcase Your Knowledge: Demonstrate your understanding of the investment landscape and regulatory environment in your application. Include insights on how you can contribute to Federated Hermes' goals and support their client-centric approach.
Proofread and Edit: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. Ensure that your writing is clear and concise, reflecting your exceptional communication skills as required for the role.
How to prepare for a job interview at Federated Hermes Limited
✨Understand the Regulatory Landscape
Familiarise yourself with UCITS, AIFMD, and MiFID II regulations. Being able to discuss how these regulations impact product development will demonstrate your expertise and readiness for the role.
✨Showcase Your Project Management Skills
Prepare examples of complex projects you've managed in the past. Highlight your ability to balance multiple tasks and lead initiatives, as this is crucial for the role.
✨Build Relationships with Stakeholders
Be ready to discuss how you've successfully built relationships with various teams in previous roles. Emphasising your communication skills and ability to influence stakeholders will be key.
✨Demonstrate Market Intelligence
Research Federated Hermes' competitors and current market trends. Showing that you can leverage market intelligence to inform product strategy will set you apart from other candidates.