Hedge Fund Product Manager
Citigroup
Reporting to the Head of Hedge Fund Product Management, the role of the Product Manager is to oversee the product development, ongoing product management and after sales for Hedge Funds that are offered to Private banking and Consumer clients of Citi. The individual will be responsible for all functions related to development of new products and management of the existing product suite globally.
Product Development
+ Direct and manage the product development process from product creation to the ultimate launch of the product alongside the Citi hedge fund research team.
+ Work with the research team, legal and third party managers identified by Citi hedge fund research to finalise and execute legal agreements.
+ Partner with other functional departments such as Legal, Tax, Risk and Compliance to assist with appropriate product structure design, create constitutive offering documents and coordinate with the Distribution Product Approval Committee to obtain approval for launch of products.
+ In collaboration with legal and compliance, ensure fund offerings are in compliance with regional regulations including MAS filing, AIFMD, CISA, RDR, PRIIPs, MiFID II and US Volcker Rule.
+ Prepare intranet product page and WebQQ launch templates; work with the IT teams to upload offering docs onto the systems.
+ Organize launch announcements, SP 24 training calls and launch calls.
+ Manage and coordinate activities related to product launch and operations and Supervisory Principal training where applicable.
+ Sales and revenue tracking and reporting.
Product Management
+ Act as the internal repository of product knowledge and provide marketing support to the sales team by ensuring that documents and processes are kept up to date to facilitate ease of transacting on platform.
+ Manage relationships with external investment managers and hedge fund service providers in conjunction with the Hedge Research Analyst.
+ Manage activities related to product modifications and ensure adequate communication of product changes across departments including GMI Sales Team, Legal, Compliance and others.
+ Manage client reporting process, resolve all issues related to product implementation and work with Operations teams to ensure adequate support for ongoing offering of products.
+ Work with control functions such as Legal, Compliance, Tax and Risk to carry out periodic review of products to ensure that they are offered within policies and regulations.
+ Provide presale and after sales support for custom accounts including coordinating account opening process, documentation requests and client reporting.
**Qualifications:**
+ 6-10 years of relevant experience in Hedge Funds
+ Experience managing across multi-function and/or global business
+ Functional experience in marketing, credit, acquisitions, product development, or analytics
+ Ability to work under pressure and manage deadlines or unexpected changes in expectations or requirements
+ Ability to work unsupervised and adjust priorities quickly as circumstances dictate
+ Consistently demonstrates clear and concise written and verbal communication
+ Demonstrated analytical skills
+ Demonstrated problem-solving and decision-making skills
+ Consistently demonstrates clear and concise written and verbal communication
+ Ability to work in a team-oriented environment
**Education:**
+ Bachelor’s degree/University degree or equivalent experience
+ Master’s degree preferred
Reporting to the Head of Hedge Fund Product Management, the role will be an integral member of a global team dedicated to supporting hedge funds and other alternative structures within Citi Wealth Alternatives and Investment Manager Solutions (AIMS) organization. The team is responsible for product origination and onboarding, ongoing product management, and serve as a resource for client facing teams for pre- and post-sales support.
**About the Role**
Product Managers on the team are subject matter experts and collaborators working closely with research and other functional partners. We tackle complex issues, navigate operational challenges, manage regulatory change, and are driven to find solutions. We support sales teams and the business with questions and are responsible for ensuring client materials are available for open funds. In this role, you will be an individual contributor tasked with a focus on either product development or product management with overlapping coverage across team responsibilities. This role requires critical thinking and writing skills, effective communication and diplomacy, strong follow through and attention to detail.
**Preferred qualities**
+ Working knowledge of alternative investments, with a focus on hedge funds. Experience directly with a bank or wealth management platform a major plus.
+ 5 years or more experience in a product management, product development, sales support, product support, investor relations, investor services, or a similar role in financial services.
+ Excellent oral and written communication and interpersonal skills; ability to communicate with a high level of diplomacy, responsiveness, and clarity to stakeholders.
+ Highly effective in forging collaborative working relationships with team members and business counterparts.
+ Working knowledge of fund offering documents and agreements a plus.
+ Broad understanding of regulatory, taxation and compliance issues related to alternative investments.
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**Job Family Group:**
Product Management and Development
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**Job Family:**
Product Management
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**Time Type:**
Full time
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**Primary Location:**
New York New York United States
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**Primary Location Full Time Salary Range:**
$129,840.00 - $194,760.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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**Anticipated Posting Close Date:**
Oct 30, 2024
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Citi is an equal opportunity and affirmative action employer.
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