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 ManagementIndustries

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 a sound knowledge of operational frameworks and how these all 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

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 the new products are optimal from legal, regulatory, operational, sales and marketing and, above all, 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 the existing EMEA based fund structures to ensure they are “fit for purpose” whilst ensuring they remain optimal from legal, regulatory, operational, sales and marketing and, above all, client perspective
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 that TRP’s funds operate to the high standards established within the T. Rowe Price Group and continue to be compliant with applicable laws and guidance

Skills

UCITS

AIFs

Product Development

Product Lifecycle Management

Market Insights

Client Insights

Competitor Analysis

Product Roadmap

Strategic Growth Planning

Fund Administration

Compliance

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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