Senior Product Manager

Drummond Capital Partners; City of Melbourne; On-site; AUD 180,000 - 240,000; Full time

Job summary

Drummond Capital Partners is seeking an experienced Senior Product Manager to oversee a diverse range of investment solutions and drive product strategy across platforms.

You will lead governance, onboarding, pricing, and client outcomes, maintain a master product register, and partner with seven platform providers to optimise shelf space and fees.

Qualifications

• 5+ years senior experience in product management within Australian funds management or asset services.
• Deep familiarity with managed accounts, platform mechanics, and RE structures.
• Strong client-first mindset and commitment to improving outcomes.

Responsibilities

• Oversee a product roadmap presenting regular updates to the executive leadership team.
• Maintain a comprehensive competitor product and pricing matrix across diversified managed accounts.
• End-to-End Governance: Oversee product development from initial scoping through Investment Committee/RE approval, platform onboarding, launch, and post-launch review.
• Disclosure & Compliance: Ensure accuracy of PDS inputs, Target Market Determinations (TMDs), product mandates, and fact sheets across all distribution channels.
• Master Product Register: Maintain a single source-of-truth product register tracking every portfolio, APIR, platform menu, fee schedule, and review date.
• Platform Account Management: Act as the primary product point of contact for our seven platform partners.
• Shelf Space & Commercial Terms: Negotiate shelf space, listing scope, and co-branding agreements.
• Fee Consistency: Standardise total client costs across platforms, monitoring dispersion tolerances and indirect cost ratios.
• RE & Rebate Operations: Negotiate RE fee arrangements, manage volume tiering, and oversee the end-to-end rebate reconciliation process.
• FUM Commitments: Track performance against platform-level FUM targets and ensure all tiering triggers are successfully claimed.
• Operational Setup: Act as the product owner for setting up new portfolios and platform listings (model mapping, cash rules, rebalance parameters).
• Client Outcomes & Product Experience: Ensure adviser and client needs are considered throughout the product lifecycle.
• Own the end-to-end product experience across platforms, reporting, documentation and adviser workflows.
• Coordinate clear, accurate and timely product communications.
• Establish feedback loops with clients and client-facing teams and translate insights into product improvements.
• Take ownership of product-related client issues and coordinate timely resolution.
• Conduct post-launch reviews covering adoption, client feedback and operational effectiveness.

Skills

Product Management

Stakeholder Management

Platform governance

Commercial Acumen

Negotiation

Job description

• Take the next step in your career and join a fast-growing boutique investment manager.
• Drummond Capital Partners manages a broad range of multi-asset portfolios for financial intermediaries in the fast-growing managed account sector.
• We are seeking an experienced, commercial, and execution-driven Senior Product Manager to manage our diverse range of investment solutions.

Key Responsibilities

• Oversee a product roadmap presenting regular updates to the executive leadership team
• Maintain a comprehensive competitor product and pricing matrix across diversified managed accounts

2. Product Governance & Lifecycle

• End-to-End Governance: Oversee product development from initial scoping through Investment Committee/RE approval, platform onboarding, launch, and post-launch review.
• Disclosure & Compliance: Ensure accuracy of PDS inputs, Target Market Determinations (TMDs), product mandates, and fact sheets across all distribution channels.
• Master Product Register: Maintain a single source-of-truth product register tracking every portfolio, APIR, platform menu, fee schedule, and review date.

3. Platform Relationships & Distribution Enablement

• Platform Account Management: Act as the primary product point of contact for our seven platform partners
• Shelf Space & Commercial Terms: Negotiate shelf space, listing scope, and co-branding agreements.
• Fee Consistency: Standardise total client costs across platforms, monitoring dispersion tolerances and indirect cost ratios.
• RE & Rebate Operations: Negotiate RE fee arrangements, manage volume tiering, and oversee the end-to-end rebate reconciliation process.
• FUM Commitments: Track performance against platform-level FUM targets and ensure all tiering triggers are successfully claimed.

5. Investment Operations Interface

• Operational Setup: Act as the product owner for setting up new portfolios and platform listings (model mapping, cash rules, rebalance parameters).

6. Client Outcomes & Product Experience

• Ensure adviser and client needs are considered throughout the product lifecycle.
• Own the end-to-end product experience across platforms, reporting, documentation and adviser workflows.
• Coordinate clear, accurate and timely product communications.
• Establish feedback loops with clients and client-facing teams and translate insights into product improvements.
• Take ownership of product-related client issues and coordinate timely resolution.
• Conduct post-launch reviews covering adoption, client feedback and operational effectiveness.

Key Requirements & Experience

• Industry Background: Strong senior experience (5+ years) in product management roles within an Australian funds management business, platform provider or asset consultant.
• Domain Expertise: Deep familiarity with managed accounts, platform mechanics, and Responsible Entity (RE) structures.
• Client First: A genuine client mindset and demonstrated commitment to improving client outcomes and experience.

Culture

• Be part of a growing and talented team who work together to achieve excellent outcomes for our clients.
• At Drummond, we are committed to embracing a diverse, inclusive and flexible work environment. We operate a relatively flat structure to encourage debate, independent thought and accountability.

This role suits a finance professional who wishes to join a growing business leveraged to the changing financial services landscape. Remuneration will be a combination of base plus bonus commensurate with relevant experience.

Please note: only short-listed candidates will be contacted for an interview