Product Strategy and Development Manager - Private Markets

The world of investment is changing. Our vision at Legal & General Investment Management is to create a better, more sustainable future through responsible investing. We work in partnership with our clients around the globe to deliver positive long-term outcomes, while rising to the challenges of a rapidly changing world. Our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. To meet our clients’ complex and evolving investment needs, our investment strategies cover a broad array of asset classes and styles, including equities, bonds, property and alternatives, as well as multi-asset funds. We’re focused on continuously innovating our investment products, maintaining our reputation as experts across all asset classes, and striving to build a more responsible and sustainable future.

The Strategic Projects team is a sub-team of Product, responsible, amongst other things, for all aspects of product strategy & development and ongoing product management of L&G’s private markets funds and products, working across a range of alternative investment capabilities across business divisions including Real Estate, Private Credit, Infrastructure, Venture Capital and Private Equity. Their purpose is to design, deliver and manage a client-centric offering, enable achievement of L&G’s overall commercial strategy, and to ensure L&G’s product activity is in line with regulatory standards and internal Product Process.

The role holder will be responsible for supporting the product development and management strategy, as well as supporting implementation of new private markets funds and, where required, fund amendments to support L&G’s private markets growth ambitions. The role holder will be a senior technical expert managing the development, design and implementation of market leading, competitively differentiated and compliant private market products and propositions across L&G’s range of private markets investment capabilities.

The role holder will work closely with Investments, Distribution and other teams such as Risk, Compliance and Operations, supporting the Product Principal, Real Assets in developing product strategy and management plans for private markets, and supporting the design, delivery and maintenance of a robust product offering in conjunction with asset class and vehicle leads within Product. The role holder will also assist with market intelligence and customer insights feeding into product strategy and design.

• Product design and delivery. With limited oversight, manage the design and delivery of product initiatives to agreed timescales and budgets such that the needs and expectations of customer groups are met, they comply with regulations, mitigate any potential operational and legal risk exposure of the business, treat customers fairly and align with corporate strategy. 
• Project management. Scope and design product changes or launches, using effective project management tools to identify and document key milestones and deliverables, capture actions and issues, run working groups and testing. Identify all risks that may impact successful delivery and manage or mitigate them, escalating as required. 
• Product governance and compliance. Ensure ongoing use and compliance with Product policies and procedures. 
• Product technical support. As a fund domicile / vehicle / platform / asset class or change owner, direct and deliver product technical support on matters such as regulation, tax, customer channels, registrations, disclosures and operational items on both an on-going and project basis to manage existing products to meet the needs of customers.
• Operational engagement. Ensure all relevant operational areas are both involved in decision making processes around new product launches and informed in advance of new initiatives. .
• Competitors and industry. Review analysis of customer, industry and regulatory activity to assess where strategic new fund launches or strategic fund changes are required to inform proposition design and deliver enhancements, developments and changes to the product offering.
• Relationship building. Develop close working relationships with key stakeholders of counterparts throughout the business to resolve barriers to the successful achievement of agreed projects. Build strong relationships with key contacts at service providers.
• Regulatory and product knowledge. Acquire, maintain and share a broad knowledge of the products and private markets product structures and the application of regulatory guidelines to product governance arrangements, keeping abreast of changes and developments and being able to discuss these in an informed manner.
• Consumer Duty. Design and develop products / propositions that meet the needs, characteristics, and objectives of customers in an identified target market.

• Degree qualified or equivalent required
• Detailed knowledge of the international asset management industry including investor types, distributional channels, the competitor landscape and an excellent technical knowledge of private markets products is essential
• A strong understanding of private markets regulation (in particular AIFMD) and strong technical knowledge of pooled private markets product structures across a range of domiciles and jurisdictions including UK and Luxembourg
• Experience in private markets product strategy, development and management
• Previous experience in design, build and implementation of private markets funds in a variety of domiciles
• Product life cycle management
• Experience in stakeholder engagement; ability to influence and engage across key stakeholders
• Experience in project management
• Demonstrates high attention to detail and seeks continual improvement and efficiency in delivery of processes

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.