- American International Group - Finance and Investment Industry
- $91,085.00 -129,700.00/year*
Financial Services - Banking/Investment/Finance
10 Bayside Terrace
Estimated Travel Percentage (%): Up to 25%Relocation Provided: NoYour Contribution at AIGThis role will report to the President and CEO of L&R Funds/ SAAMCO. The successful candidate will be a proven senior professional with strong experience bringing together the product needs of the market place with our investment capabilities. The Head of Product will need a sophisticated understanding of investing, covering the key asset categories, and a proven ability to identify product trends and to design the appropriate products to meet investor demands. They will be responsible for ensuring the product development and product management processes successfully deliver good customer outcomes leading to beneficial commercial results. They should have a deep understanding of strategy and business development processes, practices and applications, as well as the operational and regulatory frameworks as they pertain to products.The main areas of responsibility are:Asset Class Product ManagementResponsible for working the investment team and the distribution teams to determine the appropriate 3-5 year product strategy outlining which new investment capabilities are required to meet the needs of the marketplaceResponsible for working with colleagues to produce a product development plan to implement the product strategy in a way which demonstrates clear client, competitor positioning, commercial and channel strategic fit.Fund Product ManagementProduce a product development plan (including use of seed capital requirement, pricing, etc.) to implement the fund/vehicle strategy in a way which demonstrate clear client, competitor positioning, commercial merit and pathway to financial profitabilityEnsure robust product management of the existing range of funds/vehicles so that they continue to meet clients needs, deliver reasonable commercial outcomes and maintain high levels of integrityChannel ManagementEnsure Product strategy is consistent with current and future demand trends in channels that the firm seeks to serve and that product development priorities are aligned to business strategy in each channelImplement Product Management rationalization processes and review that focus on ensuring that existing investment strategies and funds/vehicles remain fit for purposeFund Board ManagementDevelop strong relationships with 3 mutual fund/variable annuity boards to facilitate new product approvals, fund changes/enhancements and advisory contractsLead participant in annual 15c process in coordination with legal teamInvestment & Product ContentConsistently develop and maintain robust Research & Development pipelineIn coordination with Marketing, create top quality content ensuring products are delivered to market in a way that is compelling, relevant and differentiatedProduct Range Management & General ManagementChair of Product Review Committee across Life & Retirement businessResponsible for ensuring that coordinated management takes place across all geographies, channels, asset classes and vehicles/funds, pricing and structureOversee a significant amount of governance, communication, budgeting and planning that is required to ensure that the Group operates efficientlyOur Ideal CandidateMinimum 15 years of experience in Senior Product Level rolesStrategic thinking, planning, and execution capabilitiesDeep knowledge of investing, covering key asset categories and a proven ability to identify product trends and to design the appropriate products to meet investor demandsKnowledge and involvement in ETF products/markets a plusSound knowledge of the operational and regulatory frameworks as they pertain to product infrastructureHighly developed, leadership levels and emotional intelligence (EQ) including interpersonal skills, influencing and relationship management capabilitiesProven capability to contribute to delivering excellent client outcomes and thereby growing businessesAn ability to develop, influence and work within a matrixed global structure across relationship management, marketing, product, investment, operations, legal and compliance etc.A track record of building, coaching and managing high performance teamsSound business judgment and commercial acumenResilient, results driven and high attention to detailProject and program managementHas successfully led teams through significant organizational changeBachelors degree (Masters preferred)Ability to build instant credibility and gain trust with internal and external stakeholders, including senior leaders at key institutional and intermediary client organizations. Including the senior most levels of AIGDemonstrated knowledge of various securities marketsAbility to build effective working relationships and work collaboratively across AIGWillingness to take on additional operational responsibilities as neededBachelor's Degree (Master's preferred)It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.
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