Product Development Manager

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident. 

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You'll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you'll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.  

Join us for the opportunity to grow and make a difference in ways that matter to you. 

POSITION PURPOSE

The Product Development Manager is responsible for design, development and over-seeing product-life-cycle activities across asset classes for UCITS and AIFs based in Luxembourg and UK.

Acting with a high degree of autonomy, the Product Development Manager is responsible for translating market, client, and competitor insights into an EMEA product roadmap aligned to distribution priorities and strategic growth plans. Developing new investment products and managing existing ones to meet client needs and commercial goals.

Reporting to the Product Director, International (ex. Japan) Commercial & Vehicle Product the role involves working in close partnership with the EMEA Distribution team, Global Product teams and other functions such as Legal, Compliance, Fund Administration and Client Operations.

Being part of the International (ex. Japan) Commercial & Vehicle team split across London, Luxembourg, Hong Kong, Singapore and Sydney.

Principal 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. 

PERSONAL ATTRIBUTES / SKILLS / QUALIFICATIONS

Required:

• 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 are important; this person should be comfortable leading cross-functional projects and presenting to committees and boards. Collaborative and culturally aware, able to operate across business units, geographies and time zones.
• Analytical, data-driven, and detail-oriented; proficient in turning insights and feedback into actionable product decisions.
• High standards of written and verbal communication; able to craft clear product narratives and technical documentation.
• University graduate or equivalent relevant work experience.
• CFA preferred.

OTHER PERSONAL CHARACTERISTICS

• Unassailable ethics and integrity with a straightforward, honest and agenda free approach.
• Professional curiosity and growth mindset; resilient, optimistic, and execution focused.
• Composed, self-confident and polished with a senior level presence and an ability to project credibility.
• Able to prioritize effectively and think laterally with strong problem-solving abilities.
• Able to build strong, lasting relationships at all levels within Global Product and across various business units.

Commitment to Diversity, Equity, and Inclusion:

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all. 

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, colour, 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.

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