Senior Director, Product Management

Ameriprise Financial Services, LLC•Boston, MA

3d•$173,000 - $233,000

About The Position

The Senior Director, Institutional Product Development, is responsible for the development of new products and the enhancement of existing products and services for Columbia Threadneedle’s global institutional clients and global high-net-worth investors. Successful execution of this position requires strong project management skills, significant product development expertise working with traditional and alternative investments, and the ability to develop strong relationships with senior business partners across the Columbia Threadneedle organization. Key Responsibilities Manage all aspects of the product development life cycle, leading to the successful execution of key product initiatives for institutional and high net worth investors, including: Leverage industry knowledge and experience to best position Columbia Threadneedle’s asset management capabilities and solutions to meet client needs. Perform market research and analysis to identify future product development opportunities across traditional asset classes and alternative investments. Ensure investors can efficiently access Columbia Threadneedle capabilities across a wide array of vehicles, including private funds, collective investment trust funds and alternative investments across global institutional and high new worth markets. Conduct fee benchmarking and profitability analysis, to ensure competitive pricing for new product offerings. Communicate the product development status to senior leaders across the organization concisely and effectively throughout lifecycle of the project. Support the implementation of new products in close collaboration with senior internal partners across the organization including distribution, marketing, investments, operations, legal and compliance, etc. Drive other new institutional strategic product initiatives and/or custom proposals for large institutional clients, as needed. Perform other duties as required, which may include activities such as supporting new product development activities, providing input into other product team projects and initiatives, supporting distribution efforts, and contributing to sales and marketing collateral.

Requirements

Bachelors’ degree
Series 7 (or SIE and Series 7 top off exam) and 66 (or 63 & 65 combined) or the ability to obtain within 180 days
Minimum of 8-10 years’ experience of financial industry experience
Investment product expertise with institutional funds and/or alternative investments

Nice To Haves

Project management expertise, including the ability to build relationships and collaborate with senior leaders across the organization to drive results
Communication skills including the ability to write a business case, lead project meetings, and present product development proposals to internal committees and fund boards
Analytical and problem-solving experience using data to identify trends, issues and potential solutions

Responsibilities

Manage all aspects of the product development life cycle, leading to the successful execution of key product initiatives for institutional and high net worth investors
Leverage industry knowledge and experience to best position Columbia Threadneedle’s asset management capabilities and solutions to meet client needs.
Perform market research and analysis to identify future product development opportunities across traditional asset classes and alternative investments.
Ensure investors can efficiently access Columbia Threadneedle capabilities across a wide array of vehicles, including private funds, collective investment trust funds and alternative investments across global institutional and high new worth markets.
Conduct fee benchmarking and profitability analysis, to ensure competitive pricing for new product offerings.
Communicate the product development status to senior leaders across the organization concisely and effectively throughout lifecycle of the project.
Support the implementation of new products in close collaboration with senior internal partners across the organization including distribution, marketing, investments, operations, legal and compliance, etc.
Drive other new institutional strategic product initiatives and/or custom proposals for large institutional clients, as needed.
Perform other duties as required, which may include activities such as supporting new product development activities, providing input into other product team projects and initiatives, supporting distribution efforts, and contributing to sales and marketing collateral.