Product Development Manager

U.S. Bank•Philadelphia, PA

3d•$119,765 - $140,900•Hybrid

About The Position

The Investment Product Development Manager is an individual contributor who leads evaluation, design, development, and launch of new or enhanced investment products across the firm's platform. The role turns client needs, market opportunities, investment capabilities, and regulatory requirements into commercially viable solutions. Products may include mutual funds, ETFs, CITs, private funds, and emerging digital-asset or tokenized structures. The role owns products from concept through discovery, implementation, and post-launch review, working across asset classes, vehicles, and distribution channels. It develops evidence-based business cases, defines product and operating requirements, aligns senior stakeholders, and leads complex cross-functional initiatives to bring products to market. Near- and medium-term priorities may include fixed-income, multi-asset, real-asset, ETF and wrapper capability development, offshore and cross-border fund expansion, digital-asset and tokenized fund initiatives, and strategic partnerships. Priorities may change with client needs, regulation, and enterprise strategy. The position offers a hybrid/flexible schedule, with an in-office expectation of three or more days per week and flexibility to work outside the office for the remaining days.

Requirements

Bachelor's degree or equivalent practical experience.
At least 10 years of experience in investment management, asset management, product development, product strategy, or a closely related field.
Substantive expertise across multiple registered and institutional vehicles, including mutual funds, ETFs, collective investment trusts, and private funds.
Broad knowledge across asset classes and the ability to assess investment, commercial, operational, and regulatory implications.
Experience leading complex cross-functional initiatives and influencing senior stakeholders without direct reporting authority.
Strong problem-solving skills and ability to work through ambiguity or changing priorities.
Ability to connect client needs, investment capabilities, distribution, economics, and enterprise priorities, and to think effectively under pressure.
Execution discipline to turn ambiguity into decisions, requirements, ownership, and measurable milestones.
Strong analytical and quantitative aptitude; familiarity with Excel, analytical software, and reporting platforms.
Demonstrated market research skills, flexibility, teamwork, and leadership.
Strong investment knowledge, sound decision-making, and strategic thinking under pressure.
Exceptional written and verbal communication skills, including confidence presenting to senior-level stakeholders.
Strong drive for results, urgency, and ability to bring issues to closure despite obstacles and opposition.
Ability to work independently and manage project teams with a strong work ethic.

Nice To Haves

Experience with fixed income, multi-asset, real assets, ETF platforms, offshore/UCITS fund structures, private funds, or institutional channels.
Working knowledge of digital assets, tokenization, or digitally enabled investment products.
Advanced degree or relevant professional designation, such as CFA.
Familiarity with product economics, pricing, financial modeling, competitive and market-data platforms (eVestment, Bloomberg, Morningstar), and executive-level governance.
Demonstrated experience taking investment products from concept through launch and post-launch management.
Familiarity with analytical and reporting platforms including eVestment, Clearwater, and Bloomberg.

Responsibilities

Lead the end-to-end product development lifecycle, including identifying opportunities, researching competitors, modeling cost-benefit and feasibility, engaging stakeholders, and aligning governance structures.
Evaluate opportunities across fixed income, liquidity, multi-asset, alternatives, and digital assets based on client demand, competitive positioning, investment merit, distribution fit, economics, and risk.
Develop business cases covering target market, value proposition, asset and revenue outlook, pricing, seed-capital needs, implementation costs, operating model, dependencies, risks, and success measures.
Recommend product structures and wrappers that fit client, channel, regulatory, operational, risk, and commercial requirements.
Translate strategy into business and product requirements and coordinate internal functions and external service providers to deliver approved scope, timing, and cost.
Lead multiple complex workstreams and project teams, establish decision rights and milestones, surface trade-offs, and drive timely executive decisions.
Analyze product design, performance, portfolio characteristics, fees, flows, capacity, distribution, and investor behavior to inform differentiated positioning.
Prepare governance materials and present recommendations to senior management and product committees, clearly communicating complex issues and providing an independent point of view.
Integrate applicable legal, regulatory, fiduciary, operational, liquidity, valuation, cybersecurity, and third-party risk standards into products and supporting documentation.
For tokenized and digital-asset solutions, assess custody, settlement, blockchain infrastructure, liquidity, valuation, data, investor eligibility, and evolving regulatory requirements.

Benefits

Healthcare coverage, including medical, dental, and vision.
Basic term and optional term life insurance.
Short-term and long-term disability coverage.
Pregnancy disability and parental leave.
401(k) and employer-funded retirement plan.
Paid vacation of two to five weeks, depending on salary grade and tenure.
Up to 11 paid holiday opportunities.
Adoption assistance.
Sick and Safe Leave accrual of one hour for every 30 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
Incentive and recognition programs.
Equity stock purchase, 401(k) contribution, and pension, subject to eligibility requirements.