Who we are looking for?
The role of Managing Director, Product Management is a hands- on product management position with the Portfolio Management team at Charles River Development. The candidate will provide business leadership and provide managerial coordination of strategic product initiatives across the department, including product planning and execution of various elements of these initiatives. Scope of work involves developing a market leading portfolio management module for buy-side institutional clients, including features surrounding portfolio construction, optimization, instrument analytics, risk measurement, and reporting in these areas. Candidate will manage a team of product owners and associated development team resources, work closely with the broader product management team, and correspond with User Experience (U/X) and Infrastructure teams to ensure solutions are constructed with maximum workflow efficiency. The role also serves as an advocate and internal stakeholder for the product area with respect to sales engagements, implementation solutioning, and broader business development efforts. The position is located in Burlington, Massachusetts, USA.
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Why this role is important to us?
The team you will be joining is of key strategic significance to Charles River and the State Street Alpha platform. Clients of Charles River are increasingly looking to consolidate portfolio management activities on a select group of solutions providers. Through native development of market leading functionality as well as via strategic partnerships, Charles River's portfolio management solution is expected to provide best in class capabilities for a sophisticated and demanding user community.
What you will be responsible for?
As a Managing Director, Product Management in the Portfolio Management department, you will be responsible for
• Shaping and executing the firm's strategic vision with respect to portfolio management solutions from an organic and inorganic/partnership perspective
• Providing business leadership, design and solution building feedback, and coordinate work efforts across product and development teams
• Contributing to the near and long term product roadmap for enhancements
• Managing teams of senior product managers, product managers, and business analysts to drive towards creating market leading solutions
• Building relationships for serving as a key client touch point for feedback gathering and solution evaluation
• Evaluating potential partnerships and assist with managing the relationship with partners as part of the Alpha Ecosystem
• Interface with counterparts on the technical/development side to ensure team efficiency is maximized and strategic goals are understood and executed upon
• Coordinate relationships across Client Management, Sales, Professional Services, Support, and internal stakeholders for increasing client satisfaction and product adoption
• Work closely with Marketing and Product Strategy to ensure product vision is articulated and understood
• Serve as owner of medium to large initiatives and manage them from inception to completion
What we value
These skills will help you succeed in this role
• 10+ years of experience in a product management leadership role that included extensive product planning and execution
• Extensive background/experience in financial services, specifically related to buy-side portfolio management and business functionality related to that function
• Direct experience with portfolio management workflows such as portfolio construction, order modeling, portfolio analysis (positioning, exposure, active/benchmark relative, analytics driven), risk analysis, single security analytics (sensitivities and other measures), performance measurement and attribution.
• Exposure to third party software such as Bloomberg (AIM, PORT), Barclays (POINT), Blackrock Aladdin, MSCI (BarraOne/RiskMetrics), Axioma, and/or firm developed solutions in this space.
• Strong analytics skills and ability to receive, analyze, and design potential solutions from client/prospect requirements
• Knowledge of asset class behavior across spectrum of equity (cash/derivatives), fixed income (cash/derivatives), FX (outright/derivatives), over the counter securities, cash products, and other classes typically leveraged by buy side investment managers
• General understanding of other elements of investment management solution set such as order management, compliance, data, and investment book of record
• Knowledge of the Software Development LifeCycle in terms of Agile methodology
• Excellent communication, organization, and inter/intra team planning and mobilization skills
Education & Preferred Qualification
• Bachelor's degree in Computer Science/Engineering/Mathematics or Business Degree (Finance, Accounting, Economics or related)
• Advanced degree preferred - MBA or professional certification (CFA, CPA, CIPM)
Salary Range:
$170,000 - $267,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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