VP, Product Management (Tactical Products)

ProShares offers one of the largest lineups of ETFs, with over $100 billion in assets. The company is a leader in strategies such as crypto-linked, dividend growth, interest rate hedged bond, and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

About the role

We are hiring a Product Manager who will support our leveraged and inverse (geared), crypto, commodity, and volatility fund lineup, including ETFs, Mutual Funds, and VA offerings covering the '40 Act and the '33 Act structures. The position can be based in Bethesda, MD or New York, NY and will be part of a broader Product Management team supporting the business. The ideal candidate is a thoughtful problem solver with experience in sophisticated financial products and a strong understanding of the asset management space.

Responsibilities

• Product Positioning: Own strategic product messaging and positioning, including product features, client benefits, investment merit, and competitive differentiation for clients ranging from sophisticated financial professionals to self-directed investors.
• Roadmap Planning and Initiative Management: Build the business case for product initiatives and campaigns with clear and concise business rationale and data. Drive the execution of cross-functional product initiatives such as go-to-market campaigns, index changes, share price splits, and product launches in partnership with stakeholders like sales, relationship management, client services, marketing, and investment strategy.
• Product Quality, Research, and Analytics:
  • Create and manage regular processes for monitoring product performance and quality metrics to ensure a "continuous improvement" mindset for commercial success.
  • Develop an integrated view of product and competitive opportunities based on analyses of fund flows, performance, market data, client feedback, competitive intelligence, investment trends, and industry developments.
  • Stay abreast of competitive product information specific to both competitors and sponsor programs.
  • Identify significant product launch, development, or repositioning initiatives and present actionable business plan opportunities in response.
  • Develop recommendations on product gaps, marketing themes, and competitive campaigns.
• Product Rationalization:
  • Monitor fund data and recommend rationalization as needed.
  • Continually evaluate the relevance of the existing product set, focusing on positioning, pricing, and efficient support of distribution.
  • Execute a process for rationalization in partnership with internal and external stakeholders, focusing on both profitability and firm reputation and brand.

Requirements

• 7+ years of relevant work experience in the investment management industry, with experience in product management or a related role.
• Experience with ‘40 Act and '33 Act’ products, including ETFs and mutual funds.
• Experience in fund product management, including exposure to product development, product launches, and product lifecycle management.
• Project management skills, including the ability to manage complex business processes through influence when resources are not directly under your control. A track record of execution success is key.
• Proven track record of commercial success, including the ability to bring a business mindset to complex issues around opportunity cost tradeoffs and an understanding of product profitability in competitive resource allocation environments.
• Experience in consulting related to the asset management industry (strategy, corporate development, new product development, sales/distribution efforts) is a strong value add.

Skills

• Blend of quantitative and interpersonal skills, with an evidenced ability to communicate effectively (both orally and written) with senior management and experienced investment professionals.
• Strong conceptual, cognitive, and analytical skills, likely exemplified through an outstanding academic background with an advanced degree in finance or business (e.g., MBA) or a professional designation such as a CFA.
• Self-starter with a team-orientation, combined with a proven ability to manage projects across cross-functional teams under demanding deadlines.
• Results-orientation with attention to detail.
• Proficiency in multiple investment or market data applications (e.g., FactSet, Morningstar, Zephyr, Bloomberg, Callan PEP, Pertrac).

Pay

The annual base salary range for this role is $175,000 to $200,000 (USD), which does not include discretionary bonus compensation. Total compensation may vary based on experience, role, location, department, and individual performance.

Benefits

• Competitive pay and discretionary bonus
• Paid time off
• Health care benefits (medical, dental & vision)
• Additional insurance includes basic life, accidental death and dismemberment, supplemental life, disability, and legal benefit
• 401(k) retirement plan with matching contribution
• Spending Accounts (Health Care, Dependent Care, and Transportation)
• Wellness Programs (fitness reimbursement, Employee Assistance Program)
• Education assistance
• Hybrid work schedule
• Additional Programs include peer recognition and corporate matching gift