Product Development Manager

Employer
Wellington Management Company, LLP
Location
Boston, USA
Salary
Competitive
Posted
May 01, 2021
Closes
May 05, 2021
Ref
10894718
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
WELLINGTON MANAGEMENT

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

POSITION

Role and responsibilities

The product development manager will act as a central point of contact for new product ideas within his/her area of coverage. He/She will be responsible for shepherding new ideas through the product development lifecycle in partnership with key stakeholders. Product development managers will help develop robust evaluation metrics, collect input from key functions and generate market insights to support improved investment, business and operational outcomes. Core responsibilities will include:

Market & Competitive Intelligence
  • Conduct market and competitive research through collaboration with the business analytics team
  • Generate and publish market and competitive insights that will help inform idea generation and product development priorities at the firm
Product Gap Strategy
  • Identify product gaps and develop a framework/recommendations for where and how Wellington should fill those gaps
  • Work with the funds group to identify new product development priorities in our fund line up and align our product development strategy with the needs of WMF and the channels they serve
Idea Development
  • Lead the product development process for new and potentially complex product ideas including vetting the investment merits, commercial viability, operational complexity, key terms and vehicle choice
  • Collaborate closely with IPS, WAI, GRG and all support functions to generate a robust business case according to a consistently applied set of evaluation metrics
Product Lifecycle Management
  • In collaboration with the product development and product management teams, collect key metrics for evaluating existing products for closure and conduct regular reviews of products within your coverage area
PIC Support
  • Aid in the completion of all PIC materials for strategies within your coverage area
Ad Hoc Projects
  • Lead aspects of the buildout of our product development tools and information sharing infrastructure
Qualifications

The product development manager role requires demonstrated knowledge of product and market analysis. The ideal candidate must have demonstrated interest in the financial markets and be conversant on investment related topics. Advanced analytical skill including the ability to frame issues, identify important points and draw conclusions, combined with strong communication skills and intellectual curiosity is a must. He/she must be comfortable working in a fast paced, multi-faced environment that, over time, requires expertise in both the firm's current product line-up and the competitive marketplace.

The successful candidate will likely have the following qualifications:
  • 7+ years relevant industry experience. MBA and/or CFA is desirable
  • A strong investment background: product management experience strongly preferred
  • Solid business judgment with the ability to ask good questions and raises issues
  • Excellent quantitative and problem solving skills
  • The ability to work independently and in a team environment, and to manage multiple priorities
  • Attention to detail combined with a solutions-oriented, strategic mindset
  • Strong collaborator with an ability to influence others across a global team
  • The willingness to develop knowledge of non-traditional instruments and complex investment strategies
  • Excellent written, oral and interpersonal communication skills
  • A positive, collegial attitude and high level of professionalism
  • Grace under pressure; ability to adapt and get things done
SKILLS

JOB TITLE
Product Development Manager

LOCATION
280 Congress

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .

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