Product Strategy & Development Manager

Invesco Atlanta , GA 30301

Posted 3 months ago

Invesco is one of the world's leading global investment managers, entrusted with managing $1.2 trillion* in assets on behalf of clients worldwide. We are the 6th largest US retail asset manager and the 13th largest investment manager globally, and our more than 8,000 employees worldwide are dedicated to delivering an investment experience that helps people get more out of life. We are purely focused on managing a comprehensive range of active, passive and alternative investment capabilities, which we draw on to provide customized solutions aligned to client needs, our most important benchmark. (*As of May 31,2019)

Job Purpose (Job Summary):

The Product Strategy and Development Manager role will direct and lead initiatives in support of Invesco's strategic principle of building and maintaining enduring investment solutions within an all-weather product line. Under limited supervision, reporting to the Head of US Product Strategy and Development, the position is primarily responsible for implementing the U.S. retail product strategy, but will also play a role in the development of that strategy. The strategic agenda covers the development of new products and enhancements to existing products. The Product Strategy and Development Manager will be expected to work closely with their colleagues within the Product Strategy, Research, and Development team including team members in Global Governance, Institutional Product Strategy, and Canadian Product Strategy. Other key relationships include sales, investment teams, legal, compliance, and operations stakeholders who will be critical in the development and implementation of product initiatives. Additionally, the role may support Invesco Solutions and Global Product Governance as needed. BEHAVIORAL PROFILE The ideal candidate has innate leadership characteristics, with a working knowledge of the U.S. investment industry, including retail marketplace, defined contribution markets, investment strategies and appropriate regulatory, regulatory, and tax frameworks. He/she has a natural ability to motivate and influence both people and processes outside of their direct reporting structure and is capable of successfully managing multiple tasks and meeting deadlines under pressure. He/she should be comfortable building relationships with numerous internal business partners at all levels (including C level executives) in an effort to build consensus and complete the initiative. He /she has business acumen, understands U.S. securities regulations and applicable internal revenue code requirements, and excels at communicating with all levels of the organization including sales, compliance, operations and Invesco management. This individual maintains the highest level of integrity and professionalism in carrying out the duties and responsibilities of the position. The ideal candidate will need to be a self-starter and be comfortable with ambiguity as there is not a well-worn path for many of the teams initiatives.

Key Responsibilities / Duties:

  • Develop fact-based supply and demand analyses based on competitive intelligence, market trends, knowledge of capital markets and distribution channels

  • Understand proposed investment process and evaluate its strengths and weaknesses relative to other Invesco capabilities and competitor strategies

  • Continuously evaluate existing product line for potential enhancements and implement any changes with key stakeholders

  • Determine appropriate vehicles and distribution channels for product proposals based on market opportunity, buyer behavior, and vehicle constraints

  • Work closely with investment teams to implement investment strategy within regulatory parameters

  • Partner with the Global Performance Measurement & Risk team to evaluate and identify investment strategy and other risks

  • Lead regulatory and tax evaluations of proposed products

  • Develop pricing models based on market, environmental, and related Invesco concerns

  • Partner with finance to develop robust financial analyses

  • Present new product proposals to appropriate approval entities (LOPC, IPC, SMDs, Funds' Board of Directors, etc.)

  • Assist in the training of the sales team related to new products or product enhancements

  • Build and strengthen relationships with legal, compliance and operational stakeholders

  • Stay abreast of new products, industry trends, competitor strengths and weaknesses; communicate trends and information to the sales team and other stakeholders

  • Partner closely with Product Development and Governance to ensure a successful implementation

  • Assist with special projects or new responsibilities as needed

Work Experience / Knowledge:

  • Minimum 3-5 years of experience in the financial services industry

  • Exceptionally strong communication skills, both verbal and written

  • Competitor intelligence experience is preferred

Skills / Other Personal Attributes Required:

  • Leadership

  • Self starter that strives for results

  • Applies strong analytic skills and develops strategic perspectives

  • Communicates exceptionally well, both verbal and written

  • Fosters collaboration

  • Thinks ahead and makes fact based decisions

  • Engages in consultative solutions building

Formal Education: (minimum requirement to perform job duties)

  • Masters degree preferred but not required

  • Undergraduate degree required

License/Registration/Certification: (minimum requirement to perform job duties)

  • Series 6 or 7
  • CIMA or CFA preferred

Working Conditions:

  • Travel is currently limited (10%-20%) with the potential to increase with the growth needs of the organization

FLSA (US Only): Exempt

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.

Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.

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Product Strategy & Development Manager