Product Development Manager

US Bank; Philadelphia (Philadelphia County); On-site; USD 150,000 - 190,000; Full time

Job summary

U.S. Bank is seeking a Product Development Manager to lead the design, development, and launch of investment products across the firm's platform, translating client needs, market opportunities, investment capabilities, and regulatory requirements into commercially viable solutions.

You will serve as the accountable product lead from concept through discovery, implementation, and post-launch review, partnering with cross-functional teams across investment, distribution, operations, technology,

Qualifications

• Bachelor's degree or equivalent practical experience.
• Minimum of 10 years of experience in investment management, asset management, product development, product strategy, or a closely related field.

Responsibilities

• Lead end-to-end product development lifecycle from opportunity to launch.
• Evaluate opportunities across fixed income, liquidity, multi-asset, and digital assets.
• Develop rigorous business cases with market, asset, pricing, and cost details.
• Recommend vehicle structure meeting regulatory and client needs.
• Translate strategy into concrete requirements and coordinate cross-functional teams.
• Lead multiple workstreams and drive timely executive decisions.
• Analyze product design, fees, and investor behavior for differentiating value.
• Prepare governance materials and present to senior management.
• Ensure regulatory and risk standards are met across product documentation.

Skills

Investment management

Asset management

Product development

Product strategy

Digital assets knowledge

Education

Bachelor's degree or equivalent practical experience

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

Product Development Manager

The Investment Product Development Manager is an individual contributor who leads the evaluation, design, development, and launch of new or enhanced investment products across the firm's platform. The role converts client needs, market opportunities, investment capabilities, and regulatory requirements into commercially viable solutions. Investment products may include mutual funds, exchange-traded funds (ETFs), collective investment trusts (CITs), private funds, and/or emerging digital-asset and tokenized structures. Working across asset classes, vehicles, and distribution channels, the successful candidate serves as the accountable product lead from concept through discovery, implementation, and post-launch review. The successful candidate pairs deep investment-product expertise with disciplined execution and is able to build evidence-based business cases, define product and operating requirements, align senior stakeholders, and lead complex, cross-functional initiatives to facilitate bringing products to market.

Essential Functions

• Product development lifecycle ownership: Lead the end-to-end development lifecycle by identifying opportunities, researching the competitive landscape, modeling cost/benefit and product feasibility, engaging stakeholders, and aligning governance structures.
• Opportunity assessment: Evaluate opportunities across fixed income, liquidity, multi-asset, alternatives, and digital assets using client demand, competitive positioning, investment merit, distribution fit, economics, and risk.
• Business case development: Build rigorous business cases covering target market, value proposition, asset and revenue outlook, pricing, seed-capital needs, implementation costs, operating model, dependencies, risks, and success measures.
• Vehicle and wrapper analysis: Recommend the structure that best fits client, channel, regulatory, operational, risk, and commercial requirements.
• Requirements and delivery: Translate strategy into clear business and product requirements; coordinate investment, distribution, operations, technology, legal, compliance, risk, tax, finance, marketing, and external service providers to deliver on approved scope, timing, and cost.
• Program leadership: Lead multiple complex workstreams and project teams, establish decision rights and milestones, surface trade-offs early, and drive timely executive decisions.
• Competitive and market analysis: Analyze product design, performance, portfolio characteristics, fees, flows, capacity, distribution, and investor behavior to inform differentiated positioning.
• Governance and communication: Prepare governance materials and present recommendations to senior management and product committees, communicating complex issues clearly and providing an independent point of view.
• Risk and regulatory integration: Ensure products and supporting documentation meet applicable legal, regulatory, fiduciary, operational, liquidity, valuation, cybersecurity, and third-party risk standards.
• Digital-asset diligence: For tokenized and digital-asset solutions, assess custody, settlement, blockchain infrastructure, liquidity, valuation, data, investor eligibility, and evolving regulatory requirements.

Priority Focus Areas

Near- and medium-term work may include fixed-income, multi- asset, real asset, product development, ETF and wrapper capability build-out, offshore/cross-border fund expansion, digital-asset and tokenized fund initiatives, and strategic partnership development. Specific priorities will evolve with client needs, regulation, and enterprise strategy.

Basic Qualifications

• Bachelor's degree or equivalent practical experience.
• Minimum of 10 years of experience in investment management, asset management, product development, product strategy, or a closely related field.

Preferred Skills/Experience

• Experience with fixed income, multi - asset, real asset, ETF platforms, offshore/UCITS fund structures, private funds, or institutional channels.
• Working knowledge of digital assets, tokenization, or digitally enabled investment products.
• Advanced degree or relevant professional designation (e.g., CFA).
• Familiarity with product economics, pricing, financial modeling, competitive and market-data platforms (e.g., eVestment, Bloomberg, Morningstar), and executive-level governance.
• Demonstrated experience taking investment products from concept through launch and post-launch mana