VP, Product Development

Neuberger Berman•New York, NY

2d•$170,000 - $190,000•Hybrid

About The Position

The primary role of Neuberger’s Product Group is to serve as an objective champion of new product ideas and product actions, facilitating analysis and activity from concept to implementation, ensuring alignment with market demand, trends, and strategic business objectives for our institutional, intermediary, and high-net-worth distribution channels. Team members are responsible for all functions related to creating and maintaining a healthy product line across our equity, fixed income, alternative, and multi-asset class investment businesses, with the goal of ensuring that products are successfully researched, designed, priced, positioned, launched, and supported to maximize commercial viability and impact. Team members must possess in-depth knowledge of the competitive environment, have an informed view of industry trends and be capable of originating and analyzing new product ideas to provide informed opinions regarding the market opportunity for each. In developing analyses, the group leverages the collective knowledge of the organization through its interactions with other functional groups. The team also plays a central role in building consensus for the Firm’s overall strategic product plan.

Requirements

Bachelor degree required
Minimum of five years of product development or other relevant experience in the asset management industry
Ideal candidates will have led the development of a range of registered and unregistered vehicles (including mutual funds, ETFs, private funds, interval funds, tender offer funds, etc.)
Strong knowledge of the asset management industry including industry trends, recent developments, etc.
Strong verbal and written communication skills, including synthesizing research and conceptual work into actionable deliverables
High degree of initiative and accountability, with a high level of professionalism and integrity
Excellent project management, time management and planning skills
Highly organized with ability to multi-task
Able to collaborate with teams of people across a range of departments
Applicants must be authorized and have the right to work in the country where the role is located without the need for current or future sponsorship.

Nice To Haves

MBA and/or CFA a plus

Responsibilities

Manage key activities of the product development process that enable the organization to achieve four primary objectives: (1) Build breadth and depth of our product offering in key categories (2) Pursue innovative opportunities in a focused and thoughtful manner (3) Enhance the existing product line to maximize growth potential and exploit product extension opportunities (4) Oversee the product range; review the product line to ensure it remains competitive (fund performance, fees, positioning); drive action based on analyses and discussions with internal stakeholders
Facilitate the development and implementation of new business plans, products, and funds from the initial research / business case through to launch
Spearhead product development initiatives, creating proposals and presenting findings to senior management
Analyze the market and competitor landscape to identify general investment trends / themes and product flows, including regular periodic analysis and ad-hoc research
Integrate and implement initiatives across the business
Supervise pricing / market sizing analysis for specific product launches
Conduct specific competitor comparison and analysis
Assist in developing the firm's product strategy and establishing product goals and prioritization
Support the Firm’s risk management process related to the review of new products
Remain abreast of regulatory changes as they impact products
Supervise, train, and develop other members of the team