Our client, a Leading Global Asset Manager, is looking for a VP for their Product Structuring and Launch Team....LA/NYC
Responsibilities
The Product Structuring and Launch department is responsible for oversight of activities spanning the product development lifecycle, including: (i) incubation of new product ideas, (ii) vetting new product concepts in concert with the Chief Product Officer and Management Committee, (iii) defining structure and terms for funds and bespoke mandates, and (iv) coordination of pre- and post-launch activities for new product initiatives.
The Launch Manager will report to the Senior Vice President in Product Structuring & Launch, while working closely with a broad group of constituents comprised of investment and non-investment teams, including marketing and client relations, corporate development, legal, compliance, accounting, tax, and trade support. Selected responsibilities include:
Product Development
Partner with marketing representatives, investment professionals, product specialists, and other internal stakeholders to research, propose and implement new product ideas, bespoke client solutions or new investor channels for product distribution
Contribute to the definition of terms, pricing, and positioning of new products
Research and prepare analyses regarding competitive landscape and market trends
Develop financial models that assess Corporate and fund-level profitability for new product offerings
Conduct the lookback analysis of products launched and identify lessons learned for future product offerings
Launch Management
Provide project management oversight for fund launch and account onboarding activities, covering fundraise preparedness and operating model design
Set up and deliver new products related to our client’s headline funds and bespoke mandates
Partner with cross-functional teams on operational readiness in advance of fund closings
Maintain a firmwide view of new product initiatives (“New Product Pipeline”)
Monitor and maintain record of product fees, terms, and structures
Promote engagement and awareness of new product initiatives across stakeholder groups firmwide
Qualifications
8+ years of relevant product management, alternative investment or operational due diligence experience, candidates with investment or intermediary consulting experience preferred;
Understanding of all aspects of product development, vehicles/structures, positioning and implementation within the asset management industry;
Experience with conducting industry research and general competitive landscape analysis;
Experience with financial modelling and sensitivity analyses that incorporate various investment fee structures and expense concepts;
Ability to acquire thorough knowledge of the legal, accounting, compliance, tax structuring and investment aspects of the investment products offered by our client;
Highly resourceful; ability to exercise superior judgment regarding investor requests: to interpret them, ask appropriate questions, conduct due diligence, and only expend internal resources of the firm for the most relevant, needed situations;
Experience with operating a function and/or designing or improving processes; and
Superior communication skills, both written and verbal.
Personal Attributes
The successful candidate should:
Be highly motivated to succeed and to foster the success of his/her teammates;
Demonstrate the poise, confidence and professionalism to establish relationships, garner support and engage team members to ensure successful completion of projects;
Be a self-starter who originates ideas, demonstrates intellectual curiosity, and identifies and captures opportunities;
Have excellent interpersonal and communication skills (verbal and written) – must show aptitude for explaining technical concepts clearly and simply to clients;
Possess outstanding attention to detail and superior organizational skills;
Have strong integrity, professionalism and dedication to excellence;
Value differences and uphold all other core values;
Excel in a demanding, fast-paced environment while maintaining the highest quality standards; and
Be a natural problem solver who can independently identify and recommend improvements to enhance productivity and efficiency.
Education Bachelor’s degree (major in Finance, Business, Marketing, Communications or related field preferred). MBA or CFA a plus.
