Asset Management – Product Development Manager – VP (Based in London) recruitment
About JPMorgan Chase Co.
J.P.
Morgan serves one of the largest client franchises in the world. Our clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. J.P.
Morgan is part of
JPMorgan Chase Co. (NYSE: JPM), a leading global financial services firm with assets of $2.2 trillion.
The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of clients and consumers under its J.P.
Morgan and Chase, and WaMu brands.
The European Product Development team is responsible for developing JPMorgan Asset Management's European-domiciled fund ranges which comprise more than ten umbrella structures, more than 200 funds, and 1,000 active share classes, which are registered in 30 countries globally with AUM in excess of $250 billion.
Current product development activity is focused mainly on the Luxembourg SICAVs and FCPs, in both UCITS and non-UCITS (Part II, SIFs) legal frameworks - and with additional local structures in France, Italy and Switzerland.
Key activities of the team include:
Product DevelopmentScope prioritized product ideas which include both new product ideas and enhancements/changes to existing fundsBring new funds to market, manage delivery across all functions within the businessManage delivery of changes to existing funds across all functions within the businessProduct Strategy and ManagementAssess market trends and competitor fund ranges and perform product researchFacilitate cross-functional workshops to identify new product ideas and potential changes to existing fundsDefine product standards, e.g. naming and pricing conventions, share class strategyManage the product policy agenda, e.g. capacity managementMain responsibilities and duties
Reporting to the Head of European Product Development, this is a senior role in a team of thirteen product development and documentation professionals.
The team is looking to increase its capability and capacity in response to the increasing demand for complex product in an increasing range of structures (e.g. SIFs, locally domiciled vehicles outside of Luxembourg) and increasingly important "alternative" asset classes.
Qualifications
Essential experienceExtensive experience in the asset management industry with particular expertise in the development and delivery of investment management products, which should include alternative asset classes (e.g. private equity, hedge funds, other illiquid asset classes), alternative investment structures (e.g. Luxembourg SIFs, Part II funds) and preferably experience of local structures in major European domiciles.Credibility and proven ability to engage with portfolio managers and country and channel heads of distribution to discuss and consider product ideasExpert understanding of the product development lifecycle and proven track record of managing and delivering new products and product changes within a large, highly complex, cross-functional environmentEssential skillsExcellent strategic influencing and interpersonal skills, comfort in working with people at all levels across all functions
Excellent written and verbal communication and an ability to articulate complex ideas, concepts, and solutions at a level appropriate and intelligible to the recipientThinking competencies - strategic, conceptual, analyticalAbility to develop effective partnerships with key business partners, including Legal, Compliance, Tax, Risk, Operations, Fund Accounting, Custody and Training to support and deliver the product agendaAbility to manage complexity and deliver solutions to a tight deadlineFluent in project management disciplines and an ability to instill structure, process, accountability, delivery- and client-focusContribute to defining a vision for the European product range and drive the business towards itEssential knowledgeExpert technical capability in the UCITS and non-UCITS environment, including related legal and tax matters and the implications for product design.CFA qualification or equivalent experienceA good understanding of the European asset management competitor landscape, product range strengths and weaknesses by competitorA broad understanding of securities and instruments, portfolio management techniques, investment processes, and investment management productsJPMorgan offers an exceptional benefits program and a highly competitive compensation package.
JPMorgan is an Equal Opportunity Employer.