Share this Job

Director Product Development - Investments

Date Posted: Oct 14, 2021

Location: London, GB Whippany, NJ, US, 7981

Company: MetLife

Position: Director Product Development- Investments- MetLife Investment Management

 

Job Location: Whippany, NJ or London, UK

 

Department: Institutional Client Group

 

MetLife Investment Management:

MetLife Investment Management provides public fixed income, private capital, and real estate investment solutions to institutional investors worldwide. With $642 billion total assets under management as of March 31, 2021, MetLife Investment Management is the institutional asset management business of MetLife, Inc., one of the world’s leading financial services companies. With over 150 years of disciplined risk-management experience we provide deep expertise in skillfully navigating markets with the goal of delivering strong, risk-adjusted returns. Our client-centric culture enables our dedicated team of investment professionals to singularly focus on creating the tailored solutions designed to help our clients meet their unique needs and objectives—both today and moving forward in the future.

 

Institutional Client Group:

The Institutional Client Group is responsible for driving the firm’s strategy and business development efforts with institutional investors and consultants, globally. The Product Strategy team, part of MetLife Investment Management’s (MIM’s) Institutional Client Group, creates and implements strategic plans related to MIM’s global product agenda, with a mandate to deliver products that support both clients’ needs and business growth objectives. The team also serves as a critical connector for MIM’s stakeholders across investment, sales, client services, legal, operations, finance, and risk and compliance teams to ensure their alignment with business priorities.

 

Role:

As the Director Product Development you will support the broad activities of the Product Strategy team. Key responsibilities include product and market research; competitive analysis; facilitation of product approvals and launch processes; and assessment of the health of the current product line-up. You will also be involved in driving consensus and conclusions in relation to product strategy across multiple functions, geographies, and stakeholders.

 

    

Key Responsibilities:  

  1. Product Research and Competitive Analysis
    • Support research initiatives that enhance new product development, existing product positioning and business strategy decision making
    • Conduct analysis to assess product viability, including demand, profitability, and scalability dimensions
    • Partner with investment and distribution teams to build new product business cases; combine internal and external data sources to optimize insights
    • Create due diligence reports that analyze competitors’ product ranges
    • Produce generic and ad hoc studies focused on the industry landscape and product trends
    • Help maintain team’s research resource inventory

 

  1. Product Launch and Governance
    • Help manage a transparent and disciplined new product approval process, including facilitation of MIM New Product Committee meetings; creation of due diligence materials for Committee review; and maintenance of Committee records
    • Support the product implementation process, coordinating launch activities across multiple stakeholders
      • Analyze and document activities required for product launch; ensure deadlines for related deliverables are met
    • Partner with multiple functional teams to establish product sales strategy, financial projections, and operational readiness
    • Maintain key reference documents related to new product initiatives and the existing product suite
    • Support international regions’ product approval processes, as needed
    • Help shape the evolution of the product governance framework

 

  1. Product Management
    • Monitor ongoing assessment of the health of the existing product line-up
      • Identify strengths, weaknesses and gaps in the current product line-up
      • Understand the financial impact and capacity consumption of various strategies and products
      • Provide recommendations on updates to product line-up
    • Assess competitive positioning of the firm and product relative to current and evolving market demands

 

Key Relationships:

Key Stakeholders: investment, sales, client service, legal, operations, finance, and risk and compliance teams.  Externally, institutional clients

Reports to: Head of Product Strategy & Change Management

 

Candidate Qualifications:

Essential Business Experience and Technical Skills:

Required:

  • 10+ years of financial services and/or consulting experience
  • Strong organization and analytical skills with an affinity for data analysis
  • Firm understanding of statistics and performance analytics
  • Ability to define and implement initiatives that have multiple stakeholders
  • Excellent communication skills with the ability to build relationships across business units
  • Self-motivated with a lateral-thinking, creative and inquisitive mind

Preferred:

  • Investment management industry a plus
  • Experience with international investment product development a plus
  • Experience with insurance asset management a plus
  • Financial modeling experience preferred
  • MBA and/or CFA designation preferred
  • Advanced skills in Excel and PowerPoint

 

MetLife Success Principles:

  • Experiment with Confidence – Courageously learn and test new ideas without fear of failure
  • Act with Urgency – Demonstrate speed to action with agility and determination
  • Seek Diverse Perspectives – Source ideas and feedback to expand thinking and make informed decisions
  • Seize Opportunity – Drive responsible growth and identify areas for continuous improvement
  • Champion Inclusion – Foster an environment where everyone is valued, heard, and can speak up
  • Create Alignment – Partner with others across the organization with candor and transparency
  • Take Responsibility – Be accountable and act in pursuit of the right outcomes
  • Enable Solutions – Anticipate and address obstacles while managing risk
  • Deliver What Matters – Execute meaningful priorities and follow through on commitments

 

MetLife:

MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe, and the Middle East.

 

We are one of the largest institutional investors in the US with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine’s 2021 list of the “World’s Most Admired Companies.”

 

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world. Visit us at www.metlife.com to learn more about our brand, history, and values.

 

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to accommodations@metlife.com or call our Employee Relations Department at 1-877-843-3711.

 

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

 

MetLife maintains a drug-free workplace.