New York Life Investments (NYLIM), an indirect, wholly owned subsidiary of New York Life Insurance Company, is a top 25 global asset management firm. With more than $500 billion in assets under management, NYLIM is a premier investment management firm serving a variety of client segments including retail, institutional, insurance and defined contribution and benefit on a global basis. New York Life Investments offers a diverse set of investment capabilities ranging from traditional equity and fixed income to alternative investment strategies and multi-asset solutions. Renowned for its premier investment acumen and client focus, NYLIM's vision is to be one of the most trusted providers of investment management expertise and long-term financial security.
We are currently seeking a qualified candidate to join New York Life Investments (NYLIM) Global Products Group. The candidate will be a key contributor in developing NYLIMs global product strategy though intelligence gathering and the analysis of global asset management trends. The candidate will work closely with our boutiques to identify and prioritize new product / business opportunities. The candidate will be responsible for developing a global view of opportunities in the asset management business and periodically presenting recommendations to the NYLIM Management Committee. This position provides a role with great independence and an opportunity deepen and broaden ones exposure to strategic thinking across the global asset management industry.
The Global Product Groups objective are to facilitate NYLIMs long-term global growth initiatives while maximizing the opportunity in the U.S. retail markets. To accomplish these objectives the Group focuses on 4 key areas:
Research market intelligence, product intelligence, and investor needs/trends
Facilitation identifying, sourcing and evaluating new product ideas
Implementation building vehicles to meet investor needs
Monitoring proving product support through their life-cycle
Product strategy is a key component of NYLIMs strategy to grow as a leading global asset management firm. As a result, we are now seeking an experienced individual to lead our global product strategy efforts.
Gather intelligence on industry trends including competitor activity and regulatory changes. Conduct research and triangulate information with boutiques, distribution teams and third-party data to develop NYLIM Global Product Strategy recommendations based on short, medium and long-term opportunities
Pro-actively provide analytical insights and raise product / business opportunities on what NYLIMs global product platform should evolve towards over different timeframes.
Establish and maintain an industry wide netowrk of contacts to allow NYLIM to anticipate changes in investor behavior and issues affecting the industry.
Administer overall NYLIM seed capital process, including initial and ongoing review in collaboration with New York Lifes Office of the CIO.
Support M&A efforts by conducting ongoing industry review to identify potential strategic partners which add capabilities to the platform to meet current and future client needs.
Collaborate with the global product development team and boutiques on key design elements of new products including portfolio guidelines, fees and share classes and/or vehicles.
Support ongoing product management including: analyses of expenses, performance, AUM, net flows; recommend enhancements to existing products to evolve them for current and future client needs.
Expert on the global asset management industry
10+ years of experience deep knowledge of investment techniques, financial markets, pooled product structures and distribution trends across client types and geographies
Strategic thinker with demonstrated analytical and problem-solving skills, possess intellectual curiosity and open-mindedness to new and innovative solutions
Solid understanding of NYLIMs product offerings and investment capabilities
Ability to work effectively under pressure while multitasking, adhering to tight deadlines
Excellent interpersonal and people management skills in interacting with various stakeholders
Effective communication and presentation skills, both written and verbal to clearly articulate sophisticated concepts, ideas and processes
Highly organized with efficient time management skills
High level of self-motivation, intellectual curiosity, discipline and professionalism
BA/BS required; MBA or CFA strongly preferred
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