Legg Mason is a leading global asset management firm that offers rewarding career opportunities for individuals who share our core values: integrity, collaboration, and passion for results, empowerment, and a commitment to our profession. We have a presence in every major financial center across the globe, and we look for exceptional professionals who want to shape a rewarding career through intellectual curiosity, leadership, and team-oriented approach.
Job Purpose:
- Legg Mason is seeking a Product Development Manager to join the European-based product team, which plays a vital role in the development of new product capabilities across the Global Distribution businesses and range management of existing products
- The European team primarily supports the cross-border and UK lines distributed through LMGD across the UK and continental Europe
- Additionally, this role also provides support to our Miami-based Americas distribution platform and interacts with colleagues in Asia as well
- Members of the International Product team are based in London, Japan, Singapore, and Melbourne
- As the Product Development Manager, you would perform a key role in developing and coordinating all product development and range management initiatives for your target client groups
Your Responsibilities:
- Ownership and responsibility for the development of new products and initiatives, including but not limited to, fund launches, repositions and strategic changes
- Communication of new product launches and changes to LM Business stakeholders
- Preparing proposals to internal committees to ensure product development initiatives are approved by the relevant business stakeholders
- Product delivery: Coordinate new fund launches and product initiatives by ensuring their timely completion; facilitating effective communication and input between key stakeholders; and working with relationship management teams to provide milestone progress updates
- Support the product lifecycle process. Includes conducting post launch and post implementation reviews of product developments
- Partner with the LM business including sales, client service, PSG and marketing teams to identify product development opportunities with new and existing
- Keep abreast of product trends in the investment industry through regular market and competitor analysis and identify opportunities for Product solutions working closely with the Product Strategy Team
- Respond to product related enquiries from various areas of the business
- Supporting the key objectives of the team, which are:
- Delivering new investment strategies/Product Solutions for LMGD’s cross-border and UK mutual fund platforms
- Identifying and acting on information to improve the efficiency of the product offer via amendment, merger or rationalisation
- Ensuring implementation of product-related initiatives is timely and well executed across the business
- Keeping abreast of commercial and regulatory developments and interpreting them into meaningful and compelling proposals
- Supporting the impact assessment, co-ordination and delivery of product change brought about by external factors such as MiFID II etc.
Skills and Qualifications:
- 3 – 5 + years experience of one or more aspects of product development and mutual fund range management including managing multiple activities simultaneously (e.g. , , product development, client solution orientated, product-based project management and business coordindation)
- Degree educated, industry qualification helpful (IMC at a minimum)
- Technical knowledge of pooled fund structures including UCITs and non-UCITS across a range of domiciles, with knowledge of UK and Ireland most relevant
- An understanding of investment management, regulatory, tax and operational requirements relating to product design and commercial success
- Experience dealing with Institutional Sales/Distribution teams to solve client solutions from a product perspective
- An understanding of the end-to end product lifecycle process
- An understanding of the regulatory environment to establish the impact on product development and business opportunities
- Experience working with Product Strategy teams to shape and understand the product development strategy
- Broad based knowledge of entire asset class spectrum desirable, including equities, fixed income, alternatives and ETFs
- Proactive approach to support a heavy change agenda – able to work in a fast-paced environment
- Strong communication skills both written and verbal with the ability to articulate product ideas appropriate for the intended audience
- Ability to build and retain strong effective relationships with key stakeholders and partners across the business at all levels
- Strong organisational skills to deliver projects within a large, complex, cross functional environment
- Ability to work under pressure and meet tight deadlines.
- Analytical skills, with good attention to detail.
- Good team player who thrives in a collaborative environment and is also able to work well independently and build relationships at a distance
- Commercial acumen
- Able to proactively identify the needs and manage the expectations of internal clients including sales, client service, marketing and affiliates
- Numerate and commercially aware; target and results focused.
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