Product Manager, Investment Vehicle

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident. 

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.  

Join us for the opportunity to grow and make a difference in ways that matter to you. 

Role Summary

The Product Manager, Investment Vehicle conducts a wide range of product management activities that have broad-reaching implications for T. Rowe Price’s overall strategy of North American commingled investment vehicles including US Mutual Funds, Common Trust Funds, Canadian Pooled Funds, and Interval Funds.  This includes leadership of complex cross-functional implementations of product-related activities to ensure stakeholder readiness.  Conducts advanced research to understand competitive and internal positioning including fees and expenses.  Based on research and analyses, develops ideas for product development, enhancements, and/or expansions.  Shares analysis and insights with internal teams for review.  Researches the demands, risks, and regulatory environment of the applicable markets to guide product developments.  Creates a broad range of materials for review and inclusion in management presentations and product governance meetings, including vehicle-specific Boards of Directors.  Identifies and suggests updates to business processes, procedures, and policies related to the products and investment vehicles.

Responsibilities

• Conducts operational activities related to new product launches, restructuring, merging, closing, and other product-related changes including fee and name changes.  Manages activities outlined in product development and implementation processes.  Develops and manages product implementation plans and timelines.  Establishes relationships with partners in Operations, Legal & Compliance, Technology, Risk, Finance, etc. to ensure successful implementation of new or modified products.  Monitors and measures the success of various products leveraging established metrics.

• Independently creates, updates, and enhances product- and vehicle-specific policies and procedures; provides education on these policies and procedures.  Manages end-to-end process reviews.

• Collaborates with other Global Product teams to help build business cases for new products or modifications to existing products.

  • Researches, develops, and delivers analysis for presentations and reports to be delivered internally regarding product development and enhancements.

  • Demonstrates knowledge of assigned products, the marketplace, industry, and client needs.

  • Researches regulatory developments and analyzes potential implications to existing products.

• Synthesizes findings and recommendations by creating management-level presentation materials, including for Boards of Directors.

• Acts as point-of-contact for Global Distribution, investment teams, and other departments regarding product/vehicle characteristics, policies, and procedures.  May provide guidance to more junior associates.  Provides high-level assistance and coverage to other Product Managers and serves as their backup as needed.  Escalates findings or issues to more senior staff.

• Demonstrates strong knowledge of TRP investment products and vehicles (US Mutual Funds, Common Trust Funds, Canadian Pooled Funds, Interval Funds).

<