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Asset Management - European Product Development: Product Development Associate/VP

Req #: 170106202
Location: London, ENG, UK
Job Category: Asset Management
Job Description:

J.P. Morgan Asset & Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.


 

European Product Development:  Product Development Associate/VP (based in London)


 

European Product Development and Documentation


 

The European Product Development and Documentation team is responsible for developing and managing the documentation of JPMorgan Asset Management's Pan-European open-ended domiciled fund ranges which comprise more than fifteen  umbrella structures, 260 funds, and more than 2,400 active share classes, which are registered in 36 countries globally with AUM in excess of $280 billion.


 

The team is structured into three core functions:  Product Development, Product Documentation and Strategic Initiatives and Product Line Management.  


 

Product Development:

  • Facilitate cross-functional working groups to develop business cases for new product ideas and evaluate significant changes and enhancements to existing funds
  • Review competitor offerings, offering technical insight, to facilitate the development of new product ideas in partnership with the broader Strategic Product Management team

  • Scope prioritized product ideas which include both new product ideas and enhancements/changes to existing funds, and mergers/liquidations of funds to facilitate review and approval through appropriate governance forums, including fund boards and regulators

  • Bring new funds to market and implement changes to existing funds, managing across all functions within the business

Product Documentation

  • In full partnership with product developers, produce market leading documentation that considers all legal, regulatory and technical issues

  • Maintain consistency and quality across prospectuses through a robust quality control and oversight process that includes partnership with internal and external counsel

  • Strategic oversight of global changes to the prospectuses and offering documents for all funds domiciled in Europe (excluding certain alternative products)

Strategic Initiatives and Product Line Management

  • Oversee and deliver the ongoing optimisation of the product range in partnership with the broader Strategic Product Management team
  • Define naming and pricing conventions, share class strategy and capacity management

  • Assess the impact and manage the implementation of regulatory change across EMEA


Overview of the Role


 

Reporting to a Product Development Team Leader the Product Development Manager will be part of a small team of product development managers and a product documentation specialist dedicated to managing all material product development developments for European domiciled funds for their area of investment desk coverage. At times the role will encompass similar work for other investment desks. The role sits within a wider team of approximately 25 product development and documentation professionals.    


 

Main responsibilities and duties:

  • Scope prioritized product ideas which include both new product ideas and enhancements/material changes to existing funds and merger/liquidations of funds.
  • Review in depth competitor offerings to develop new product ideas in partnership with the product strategy team.
  • Assess market trends and competitor fund ranges and perform product research.
  • Bring new funds to market including managing delivery across all functions within the business.
  • Manage delivery of material changes to existing funds across all functions within the business.
  • Facilitate cross-functional workshops to identify and develop business cases for new product ideas and evaluate significant changes and enhancements to existing funds.
  • Presentation of initiatives to key internal governance forums.
  • Develop and maintain relationships, in particular with the asset class investment desk(s), together with risk and compliance departments, internal and external legal counsel, marketing and distribution.

Essential experience:

  • Experience in the asset management industry with particular expertise in the development and delivery of investment management products, which should include UCITS products, as well as potentially alternative asset classes (e.g. private equity, hedge funds, other illiquid asset classes), alternative investment structures (e.g. Luxembourg SIFs, Part II funds) and local structures in major European domiciles including UK life funds.

  • Credibility and proven ability to engage with stakeholders across disciplines (portfolio management, distribution, strategy, marketing and operations) to discuss and facilitate the delivery of projects.

  • Understanding of the product development lifecycle and experience managing and delivering new products and product changes preferably within a large, highly complex, cross-functional environment.

Essential skills:

  • Client centric mind-set with a commitment to integrity, fairness and responsibility 

  • Influencing and interpersonal skills and 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 recipient

  • Thinking competencies - strategic, conceptual, analytical

  • Ability to manage projects and deliver solutions to a tight deadline

  • Project management disciplines including preferably an ability to instill structure, process, accountability, delivery and client-focus.

Essential knowledge:

  • 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 experience

  • A good understanding of the Pan-European asset management competitor landscape

  • A broad understanding of securities and instruments, portfolio management techniques, investment processes, and investment management products

 

 

 

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase& Co. is an Equal Opportunity Employer.

 

 

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