Vice President, Product Development and Strategy

The VP, Product Development and Strategy for North America will lead a team of product development professionals and oversee all phases of the product development/change process in collaboration with Investments, Distribution, and internal and external partners. This includes conducting research on the commercial landscape and competitive environment, developing and socializing product concepts, and working with senior leaders to develop recommendations to internal committees and external fund boards.
This role can be based out of our Boston or our New York office.

Responsibilities

• Lead the firm's NA intermediary product development efforts and team to drive the development of new and modernize the existing product offerings. Oversee implementation activities, including work on product positioning and marketing in partnership with Marketing and Product Management. This includes open-end/closed mutual funds, ETFs, SMAs, and intermittent liquidity products.
• Provide strategic direction for Product Development team and adapt strategies to changing circumstances as required. Clearly communicate the strategic direction of Product Development & Strategy to the team and key partners. This includes participation in cross-organizational meetings related to commercial viability and internal governance (i.e. Product Advisory Committee, Investment Oversight Committee, Complex Securities Sub-Committee).
• Direct the execution of all team activities, including conducting research on the commercial landscape and competitive environment, developing and socializing product concepts, and achieving internal and external approvals.
• Lead projects as assigned, on time and within budget, including cross team/department projects as required.
• Partner with leaders in Investments, Distribution, and Marketing to define product strategy, plan the path to delivery, develop solutions, and deploy products. Contribute to, and collaborate on the Firm's Global Product Roadmap
• Ensure effective controls are in place to proactively manage risk and remain in compliance with company policies and procedures.
• Manage the budget for areas of responsibility and work to identify and solve potential challenges and opportunities.
• Think strategically, creatively, and drive innovation with a focus on continuous improvement.
• Demonstrate accountability, and focus on client needs and creating value for the shareholder.
• Build and develop talent, and manage performance of assigned team(s). Effectively manage and lead through change.
• Maximize relationships, build trust, and communicate effectively across business units, staff groups, and geographic locations.

Required Qualifications

• 15+ years financial services experience, specifically in product development and management for advisor sold products
• Track record of leading a team to successfully manage an investment product line within an asset management organization
• Strong competitive intelligence, deep industry knowledge, and proven ability to keep current on industry trends
• Bachelor's degree or equivalent
• FINRA Licensing: 7, 24, 63/66 or 65/66

Preferred Qualifications

• CFA, CIMA, CAIA
• Master's degree

About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

The estimated base salary for this role is $220,000 - $250,000 per year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.Full timeExemptMarketing/Product ManagementAMINV US Asset Management