Product Development - Mutual Funds / ETF's

New York Life Investments (NYLIM), an indirect, wholly owned subsidiary of New York Life Insurance Company, is a top 25 global asset management firm. With more than $500 billion in assets under management, NYLIM is a premier investment management firm serving a variety of client segments including retail, institutional, insurance and defined contribution and benefit on a global basis. New York Life Investments offers a diverse set of investment capabilities ranging from traditional equity and fixed income to alternative investment strategies and multi-asset solutions. Renowned for its premier investment acumen and client focus, NYLIM’s vision is to be one of the most trusted providers of investment management expertise and long-term financial security.

 

Product Development

We are currently seeking a qualified candidate to join the Product Development team, within New York Life Investment Management’s (“NYLIM”) Global Products Group. The candidate will be a key part of a Product Development team that is tasked with driving product innovation and development across the IndexIQ ETF and MainStay mutual fund product lines. This position provides an opportunity to expand upon an investment management professional’s experience in a results oriented and challenging environment.

The Product Developer will support the process of defining, prioritizing and executing the new investment product innovation agenda for IndexIQ ETFs and MainStay mutual funds. The candidate is required to bring strong industry knowledge and investment acumen to the position, and is expected to continuously deepen and broaden their knowledge of financial markets, asset classes and structures over time.

 Responsibilities:

  • Assist in the development of strategic and analytical frameworks for investment product development
  • Monitor, anticipate and assess market, client, competitor, regulatory, and industry trends to drive product strategy and identify opportunities for new product innovation
  • Help define and build the business case for new product development or modification initiatives through assembling fact-based arguments and developing compelling presentations to senior management
    • Conduct primary, secondary research and competitive analyses
    • Perform data analyses to drive insights and inform recommendations
    • Synthesize research / analyses, and develop concise and effective presentations in both PowerPoint or Word
  • Help prioritize and drive execution and project management on new product launches or product modifications
    • Own end-to-end responsibility for a significant component of one or more projects and initiatives
    • Collaborate with the Product Management team to help design and build new products
    • Collaborate with other internal functional partners including the Distribution, Legal, Compliance, Finance and Marketing teams

 

Qualifications:

  • At least 5+ years of related experience in the asset management industry, ideally with 3-5 years of experience in a strategy or product development function of a leading asset manager
  • Strong investment acumen with a solid understanding of economics and capital markets
  • Detailed knowledge of mutual funds, ETFs, SMAs, UCITS, and other investment products
  • Excellent analytic, problem-solving and quantitative skills, with exceptional attention to detail
  • Excellent written and presentation skills
  • Excellent interpersonal and people management skills in interacting with various constituencies within the firm
  • Self-starter with urgency, personal responsibility and accountability
  • Results-orientation with an ability to execute and complete deliverables in a timely manner
  • Demonstrated ability to work independently and maintain high standards
  • Proficient in Microsoft Office (Excel, Word, PowerPoint), Morningstar Direct
  • BA/BS required; MBA or CFA (Charterholder or Level 2+ candidate) strongly preferred
  • Candidates at the Senior Associate or Director level will be considered.

 

SF: LI-KV1

 

 

 

 

 

EOE M/F/D/V

 

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*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 15, 2015.  See http://fortune.com/fortune500/2015/  for methodology.

 

1. Operating earnings is the key measure use by management to track Company’s profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US(GAAP), with certain adjustments Company believes to be appropriate as a measurement approach ( non GAAP), primarily the removal of gains or losses on investments and related adjustments.

 

2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.

Company
New York Life Insurance Co
Posted
03/24/2018
Type
Full time
Location
New York, New York, US