At a Glance
- Tasks: Manage and enhance private market funds, ensuring smooth operations and client interactions.
- Company: Join iCapital, a leader in private markets with a collaborative culture.
- Benefits: Flexible work options, competitive salary, and opportunities for professional growth.
- Other info: Work in a dynamic environment with a focus on teamwork and innovation.
- Why this job: Take ownership of innovative fund structures and make a real impact in finance.
- Qualifications: 6-15 years in product management or fund operations, especially with Luxembourg structures.
The predicted salary is between 60000 - 75000 £ per year.
About The Role
iCapital is seeking a Direct Funds Product Manager to take ownership of post-launch product management, lifecycle oversight and governance for a growing suite of private markets funds across EMEA, with a primary focus on Luxembourg-domiciled structures (including UCI Part II, RAIFs and related vehicles). This role operates with a high degree of autonomy and ownership across complex fund structures and acts as the central coordination point for fund operations post-launch. The position can be based in Lisbon, Zurich or London and supports EMEA-focused private markets clients.
Responsibilities
- Cross-Functional Coordination
- Act as the central coordination point across Structuring, Legal, Tax, Operations, Compliance and Platform teams
- Translate client, regulatory and product requirements into clear internal actions
- Drive alignment across teams to ensure timely and consistent execution
- Operational & Structural Oversight
- Oversee operational aspects of fund structures, including share class design, fee structures, reporting requirements and platform configuration
- Coordinate the operational review and implementation of fund documentation (PPMs, LPAs, subscription materials)
- Maintain consistency between legal, operational and platform implementation
- Client & External Interaction
- Serve as the primary interface with clients, GPs and external stakeholders on operational and product-related matters
- Respond to due diligence questionnaires (DDQs), investor queries and fund-related information requests
- Handle AML / KYC questionnaires and coordinate with relevant internal teams
- Escalation & Issue Resolution
- Act as escalation point for complex operational, governance and product-related issues
- Drive resolution across internal teams and external service providers
- Track and manage key operational risks and issues across fund structures
- Post-Launch Development & Enhancements
- Lead and implement product enhancements post-launch, including structural adjustments and new share classes
- Support the evolution and scaling of the evergreen/direct funds platform
- Contribute to standardisation of processes, templates and service frameworks across EMEA
Qualifications
- 6–15 years of relevant experience in product management, fund structuring, fund operations or related roles within private markets
- Strong experience with Luxembourg fund structures, particularly UCI Part II, RAIFs or similar vehicles
- Strong understanding of private markets fund structures, lifecycle management and governance frameworks
- Familiarity with AIFM environments and key service providers (administrator, depositary, auditors)
- Solid understanding of fund documentation and its operational implications
- Proven ability to operate in complex, multi-stakeholder environments with a high degree of ownership
- Strong problem-solving skills, with the ability to handle non-standard and time-sensitive situations
- High attention to detail and strong organisational capabilities
- Excellent communication and stakeholder management skills across internal and external parties
- Experience with evergreen or semi-liquid structures is advantageous
- Exposure to cross-border product structuring and multi-jurisdictional setups is a plus
We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office four days, with the flexibility to work remotely one day (Friday).
Direct Funds Product Manager employer: Intelligentsia Capital
iCapital is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for professionals seeking to make a meaningful impact in the alternative investment ecosystem. With a strong focus on employee growth, the company offers unique opportunities to engage in high-stakes legal projects while working alongside some of the industry's leading experts. Located in EMEA, employees benefit from a flexible work environment that promotes work-life balance, allowing them to thrive both personally and professionally.
StudySmarter Expert Advice🤫
We think this is how you could land Direct Funds Product Manager
✨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 Intelligentsia Capital. 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 Direct Funds Product Manager
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 Intelligentsia Capital.
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 Intelligentsia Capital'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 Intelligentsia Capital
✨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 Intelligentsia Capital.
✨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 Intelligentsia Capital 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 Intelligentsia Capital 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.
