Product Manager, Investment Vehicle

Requisition Number: 78405

Position Title:

External Description:

Role Summary

The Product Manager, Investment Vehicle conducts a wide range of product management activities that have broad-reaching implications for T. Rowe Price’s overall strategy of North American commingled investment vehicles including US Mutual Funds, Common Trust Funds, Canadian Pooled Funds, and Interval Funds.  This includes leadership of complex cross-functional implementations of product-related activities to ensure stakeholder readiness.  Conducts advanced research to understand competitive and internal positioning including fees and expenses.  Based on research and analyses, develops ideas for product development, enhancements, and/or expansions.  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.

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.

  • Demonstrates knowledge of assigned products, the marketplace, industry, and client needs.

  • 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.

• Demonstrates strong knowledge of TRP investment products and vehicles (US Mutual Funds, Common Trust Funds, Canadian Pooled Funds, Interval Funds).

Qualifications

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience AND

• 5+ years of total relevant work experience

Preferred:

• US Mutual Fund, Common Trust Fund, Canadian Pooled Fund, and/or Interval Fund product knowledge

• Morningstar Direct and Simfund experience

• Strong PowerPoint and Excel skills

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

City:

State:

Community / Marketing Title: Product Manager, Investment Vehicle

Company Profile:

Location_formattedLocationLong: Maryland, US

CountryEEOText_Description: Commitment to Diversity, Equity, and Inclusion: We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day. Benefits: We invest in our people through a wide range of programs and benefits, including: • Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions • Flexible and remote work opportunities • Health care benefits (medical, dental, vision) • Tuition assistance • Wellness programs (fitness reimbursement, Employee Assistance Program) Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering. T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.