Product Lead - Private Funds

US Bank; Hackensack (NJ); On-site; USD 110,000 - 160,000; Full time

Job summary

U.S. Bank is seeking a Product Lead focused on private markets within the Wealth, Corporate, Commercial and Institutional Banking division.

The role drives strategy, development, and ongoing management of private markets offerings in collaboration with investment services, global fund services, technology, operations, and risk teams. The successful candidate will evaluate market opportunities, competitive offerings, client needs, regulatory developments, and vendor capabilities to prioritize

Qualifications

• Product management experience required.
• Experience with private markets, alternative investments, private funds, fund administration, custody, asset management is preferred.

Responsibilities

• Develop and manage the product vision, strategy, and roadmap for the private markets portfolio.
• Lead end-to-end product lifecycle and collaborate with technology, risk, and business stakeholders.
• Drive governance, prioritization, and align with WCIB and Global Fund Services strategies.
• Create marketing materials, client presentations, and thought leadership content.
• Represent the product in client meetings and industry forums; travel as needed.

Skills

Product Management experience

Private markets

Alternative investments

Private funds

Fund administration

Custody

Asset management

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 Managers at U.S. Bank are customer obsessed in driving product visioning, planning and development to deliver on our human + digital product strategy and staying one step ahead of evolving economic, technological, and customer needs.

As a Product Manager, you will:

• Identify, analyze and interpret business data using various kinds of techniques to meet business needs and requirements.
• Activate the connective tissue between U.S. Bank, customer experience, digital, technology, and business line strategy to identify and prioritize product / portfolio opportunities, and establish the product vision, charter and roadmap.
• Defines product outcomes and Objectives and Key Results (OKRs) to prioritize Features/Epics and breaks down work into actionable steps to facilitate product discovery, design, development and delivery.
• Manages the end-to-end product lifecycle and drives the product roadmap leveraging OKRs (Objectives and Key Results).
• Creates the product in conjunction with agile, experience design, technology and risk partners to achieve business and customer outcomes.
• In the case of technical products, understands and cares for the technical features, debt reduction and modernization of the technical product with expertise in the technology required of the product

About the Team/Product:

The U.S. Bank Chief Product Office is seeking a Product Lead focused on private markets products and solutions within the Wealth, Corporate, Commercial and Institutional Banking (WCIB) division.

The Product Lead, Private Markets, is responsible for the strategy, development, enhancement, and ongoing management of U.S. Bank's global private markets and private funds offering. This role partners closely with Investment Services Product Leaders, Global Fund Services stakeholders, technology, operations, risk, and business teams to drive growth, improve client outcomes, and ensure our product offering remains competitive and responsive to market demands.

The successful candidate will evaluate market opportunities, competitor offerings, client needs, regulatory developments, and vendor capabilities to identify and prioritize enhancements and new product opportunities. This leader will also support product commercialization efforts through the development of marketing materials, thought leadership content, and client-facing presentations.

Key Responsibilities

Product Strategy & Roadmap

• Develop, manage, and execute the product vision, strategy, and roadmap for the private markets product portfolio.
• Lead product governance processes and facilitate product councils to drive prioritization and decision-making.
• Monitor competitive, regulatory, and industry trends to identify market opportunities and product gaps.
• Conduct market and vendor research, develop business cases, and advocate for strategic investments that support client and business growth.
• Define measurable product outcomes and align priorities to business objectives and key results.

Product Development & Delivery

• Lead the end-to-end product lifecycle for enhancements and new product initiatives.
• Partner with technology, operations, risk, legal, and business stakeholders to deliver roadmap priorities.
• Coordinate and prioritize product requests consistent with WCIB and Global Fund Services strategies.
• Develop funding proposals and capital expenditure requests where appropriate.
• Drive product discovery, design, development, testing, and implementation activities through Agile ways of working.

Client & Market Engagement

• Partner with business development and marketing teams to create and maintain product collateral, sales tools, client presentations, articles, white papers, sell sheets, and thought leadership content that support product growth and commercialization.
• Represent the product during client meetings, due diligence sessions, and sales engagements.
• Participate in industry conferences, client events, and market forums to gather intelligence and strengthen U.S. Bank's market position.
• Serve as a subject matter expert on private markets trends, client needs, and industry developments.
• Some domestic and international travel may be required to support client engagement, industry conferences, and market intelligence activities.

Basic Qualifications

Product Management experience

Preferred Skills/Experience:

Experience with private markets, alternative investments, private funds, fund administration, custody, asset