Leads Product Management, Development and Strategy for large and/or complex products and a dedicated “product capability” area for the Collateral & Financing Business. Within the Agile Development Framework, the Senior Product Specialists acts as the primary agile owner of the product, empowered to make all product decisions. The Senior Product Specialist will own the product roadmap and product backlog for a specific product area and ensures strong collaboration with customers, stakeholders and the Scrum team to achieve business goals, balancing risk and opportunity effectively.
Usually assigned to product areas with high-growth potential or that represent a niche/specialty offering and has fully developed core expertise on industry trends, market segments and competitor services/offerings. Analyzes complex client requirements and develops solutions that may include more than one product. Must understand the economics behind products and demonstrate business acumen. Responsible for crafting the strategies behind product development and delivery. Must have market knowledge to integrate the demands of various regions and stay ahead of competitors. Is directly responsible for product profitability across a range of large, complex, global products. Ensures Operations, Technology, Risk, Compliance, Legal, etc. team concerns are addressed during the product development, enhancement, delivery, strategy, and planning processes. Employs a client-focused, strategic approach to develop the business case for firm offerings in the marketplace through in-depth and complex analyses on client segments, competitive landscape and industry environment. Demonstrates in-depth and comprehensive knowledge of assigned products, the marketplace and client needs to drive product growth/development and maximize profitability. Seen as a firm expert on a key product or product portfolio of strategic importance to the firm. Creates product management roadmaps and establishes evaluation criteria and success metrics. Oversees pricing, promotion, distribution strategies and competitive differentiators. Positions products for specific client segments, highlighting key benefits and competitive advantages. Works with sales and relationship management teams to support sales efforts and close on deals as needed. May also be responsible for revenue goals, profitability, and pricing for assigned products along with capital and operating budgets. Guides junior product managers and directs and works with operations and systems managers during product implementation to ensure operating plan goals are met. No direct reports. Provides guidance to less experienced colleagues as needed. Contributes to the achievement of area objectives and profitability of assigned product(s). Experience as a Product Owner for a software development team using rigorous Scrum structure and experience in the derivatives, collateral or securities finance industry preferred.
Experience market data (securities reference data, pricing data) and reporting standard utilized in the collateral ecosystem preferred.
Bachelors degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred. Experience in Product Management, operations, client management preferred. MBA or CFA preferred. Product Leadership Certification preferred. Applicable local/regional licenses or certifications as required by the business.