Investment Product Manager - Mason Street Advisors at Northwestern Mutual

Milwaukee, Wisconsin, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Investment ManagementIndustries

Requirements

Bachelor's degree in business, finance, economics or related field or equivalent experience, with an advanced degree (such as MBA) preferred
Generally, five or more years of experience in investment management and/or financial services
Experience supporting investment advisers and mutual funds, with subadvisory experience preferred
Experience with using technology to enhance business practices, especially reporting
Knowledge of legal and compliance matters and the regulatory environment
Ability to solve complex problems
Ability to work independently
Ability to gain consensus and support cross-departmental initiatives
Ability to apply thought leadership in maintaining and enhancing the business
Strong organizational and follow-through skills, with ability to lead others around deadlines and prioritization of work
Strong verbal and written communication skills
Strong knowledge of Microsoft Excel, PowerPoint and Word

Responsibilities

Lead the execution of Mason Street Advisors’ service provider oversight program
Support the execution and operation of Mason Street Advisors’ governance and recordkeeping
Support the ongoing management of and updates to the adviser and mutual fund risk management plans
Coordinate reporting to support the administration of Mason Street Advisors’ business and improve processes
Act as the primary liaison with the organization’s risk and controls group regarding such matters as risk management and service provider oversight
Support the implementation of new regulatory initiatives
Assist with management of subadvisory oversight and reporting
Maintain a current understanding of the investment management, mutual fund and subadvisory business

Skills

Key technologies and capabilities for this role

Service Provider OversightGovernanceRecordkeepingRisk ManagementRegulatory InitiativesSubadvisory OversightMutual Fund AdministrationInvestment Reporting

Questions & Answers

Common questions about this position

What benefits are offered for this position?

The role offers a great pay package, 401K, and comprehensive benefits typical of Northwestern Mutual.

Is this a full-time position?

Yes, this is a full-time employment opportunity.

What experience is required for this Investment Product Manager role?

Candidates need generally five or more years of experience in investment management and/or financial services, experience supporting investment advisers and mutual funds (with subadvisory experience preferred), and a Bachelor's degree in business, finance, economics or related field (advanced degree like MBA preferred).

What skills are essential for success in this role?

Key skills include strong knowledge of Microsoft Excel, PowerPoint and Word, ability to solve complex problems, work independently, gain consensus cross-departmentally, strong organizational skills, and excellent verbal and written communication.

What is the company culture like at Northwestern Mutual?

Northwestern Mutual emphasizes building relationships on trust, investing in employee growth, innovation, community impact through support for causes like childhood cancer research, and creating a caring environment where lives and work matter.

Northwestern Mutual

Provides financial security services, and wealth management

About Northwestern Mutual

Northwestern Mutual offers personalized financial planning, life insurance, and investment services, leveraging leading-edge technology to manage over $125 billion in client assets for more than 4.5 million clients.

Milwaukee, WisconsinHeadquarters

1856Year Founded

N/ACompany Stage

Consulting, Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Growing your Career

Compensation & Time Off

Insurance plans

Health Savings Account

Wellness programs & resources

401(k) plan and cash balance contributions

Risks

Fintech platforms like Carefull challenge traditional financial advisory services.

Internal competition may arise from Wellthi's focus on the Black community.

Customer dissatisfaction may grow due to increased retirement age expectations.

Differentiation

Northwestern Mutual maintains the highest financial strength ratings in the industry.

The company launched 'The Great Realization' campaign to refocus customer priorities.

Northwestern Mutual offers a unique Long-Term Advantage product with life insurance benefits.

Upsides

The aging population increases demand for retirement planning and long-term care solutions.

Partnerships with tech firms enhance Northwestern Mutual's data analytics capabilities.

Digital transformation in insurance leads to more personalized customer experiences.

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