Product Manager, Investment Vehicle at T. Rowe Price

Baltimore, Maryland, 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

Asset Management, Finance, Investment ManagementIndustries

Requirements

Demonstrates knowledge of assigned products, the marketplace, industry, and client needs
Demonstrates strong knowledge of regulatory developments and their implications to existing products

Responsibilities

Conducts operational activities related to new product launches, restructuring, merging, closing, and other product-related changes including fee and name changes
Manages activities outlined in product development and implementation processes
Develops and manages product implementation plans and timelines
Establishes relationships with partners in Operations, Legal & Compliance, Technology, Risk, Finance, etc. to ensure successful implementation of new or modified products
Monitors and measures the success of various products leveraging established metrics
Independently creates, updates, and enhances product- and vehicle-specific policies and procedures; provides education on these policies and procedures
Manages end-to-end process reviews
Collaborates with other Global Product teams to help build business cases for new products or modifications to existing products
Researches, develops, and delivers analysis for presentations and reports to be delivered internally regarding product development and enhancements
Researches regulatory developments and analyzes potential implications to existing products
Synthesizes findings and recommendations by creating management-level presentation materials, including for Boards of Directors
Acts as point-of-contact for Global Distribution, investment teams, and other departments regarding product/vehicle characteristics, policies, and procedures
May provide guidance to more junior associates
Provides high-level assistance and coverage to other Product Managers and serves as their backup as needed
Escalates findings or issues to more senior staff
Conducts advanced research to understand competitive and internal positioning including fees and expenses
Develops ideas for product development, enhancements, and/or expansions based on research and analyses
Shares analysis and insights with internal teams for review
Researches the demands, risks, and regulatory environment of the applicable markets to guide product developments
Creates a broad range of materials for review and inclusion in management presentations and product governance meetings, including vehicle-specific Boards of Directors
Identifies and suggests updates to business processes, procedures, and policies related to the products and investment vehicles
Leads complex cross-functional implementations of product-related activities to ensure stakeholder readiness

Skills

Product Management

Investment Vehicles

Mutual Funds

Common Trust Funds

Pooled Funds

Interval Funds

Cross-Functional Leadership

Market Research

Competitive Analysis

Product Development

Regulatory Compliance

Stakeholder Management

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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