Product Development Manager at T. Rowe Price

London, England, United Kingdom

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Investment Management, Financial ServicesIndustries

Requirements

Experience in similar roles and 5+ years of relevant professional experience
Knowledge and interest in the investment funds industry, market, and commercial trends
Command of EMEA fund regulation and product governance, including FCA COLL, PRIN/Consumer Duty, ESMA/CSSF rules, MiFID II, SFDR, UK SDR, with sound knowledge of operational frameworks and how these translate into product design and disclosures
Stakeholder management and influencing skills; comfortable leading cross-functional projects and presenting to committees and boards
Collaborative and culturally aware, able to operate across business units, geographies, and time zones
Analytical, data-driven, and detail-oriented; proficient in turning insights and feedback into actionable product decisions
High standards of written and verbal communication; able to craft clear product narratives and technical documentation
University graduate or equivalent relevant work experience
CFA preferred
Unassailable ethics and integrity with a straightforward, honest, and agenda-free approach
Professional curiosity and growth mindset; resilient, optimistic, and execution-focused
Composed, self-confident, and polished with senior-level presence and ability to project credibility
Able to prioritize effectively and think laterally with strong problem-solving abilities
Able to build strong, lasting relationships at all levels within Global Product and across various business units

Responsibilities

Develop product positioning and value proposition aligned to the EMEA regional distribution channel and strategic growth plans
Design & development of new EMEA-based products ensuring they are optimal from legal, regulatory, operational, sales and marketing, and client perspectives
Monitor product health (client feedback, competitiveness, value-for-money) and implement enhancements, mergers, closures, or repositioning as needed
Research & development of product enhancements to existing EMEA-based fund structures to ensure they are “fit for purpose” whilst optimal from legal, regulatory, operational, sales and marketing, and client perspectives
Prepare, present, and defend robust and commercially aware business cases, including risk and operational impact assessments; manage approvals through product committees, boards, and ManCo governance
Act as a product owner for distribution teams, providing insights and support where appropriate
Ensure product development processes are robust and managed effectively, ensuring funds operate to high standards within T. Rowe Price Group and remain compliant with applicable laws and guidance
Translate market, client, and competitor insights into an EMEA product roadmap aligned to distribution priorities and strategic growth plans
Develop new investment products and manage existing ones to meet client needs and commercial goals
Work in close partnership with EMEA Distribution team, Global Product teams, and functions such as Legal, Compliance, Fund Administration, and Client Operations

Skills

UCITS

AIFs

Product Roadmap

Regulatory Compliance

Legal

Compliance

Fund Administration

Client Operations

Market Research

Business Case Development

Product Positioning

Risk Assessment

T. Rowe Price

Global asset management and investment advisory services

About T. Rowe Price

T. Rowe Price provides investment advisory services and retirement solutions to individual investors, financial intermediaries, and institutions. The firm employs a disciplined investment approach supported by extensive research to deliver long-term value. It generates revenue mainly through management fees based on the assets it manages, which amounted to $1.569 trillion as of June 30, 2024. T. Rowe Price serves a wide range of clients, including individual investors, retirement plan sponsors, and institutional investors like endowments and foundations. Its global reach and experienced investment teams enable the firm to offer various investment strategies and products, helping clients achieve their financial goals.

Baltimore, MarylandHeadquarters

1937Year Founded

$78,115.8MTotal Funding

IPOCompany Stage

Quantitative Finance, Financial ServicesIndustries

10,001+Employees

Benefits

Paid Volunteer Time

Parental Leave

Learning & Growth Resources

Matching Charitable Gifts

Health Care Benefits

Generous Retirement Plan

Risks

Increased competition from AI-powered platforms challenges T. Rowe Price's traditional strategies.

Departure of key personnel may impact T. Rowe Price's wealth management capabilities.

High valuations of AI startups could divert capital from traditional asset management firms.

Differentiation

T. Rowe Price offers a comprehensive range of investment strategies across various asset classes.

The firm emphasizes long-term value through disciplined investment and extensive research capabilities.

T. Rowe Price's global reach and diverse client base enhance its market position.

Upsides

Growing interest in AI-driven investment strategies presents new opportunities for T. Rowe Price.

The rise of quantum technology aligns with T. Rowe Price's focus on tech startups.

Collaboration trends in biotech offer potential investment opportunities in genetic medicine.

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