The Senior Director, Institutional Product Development, is responsible for the development of new products and the enhancement of existing products and services for Columbia Threadneedle’s global institutional clients and global high-net-worth investors. Successful execution of this position requires strong project management skills, significant product development expertise working with traditional and alternative investments, and the ability to develop strong relationships with senior business partners across the Columbia Threadneedle organization.

Key Responsibilities
Manage all aspects of the product development life cycle, leading to the successful execution of key product initiatives for institutional and high net worth investors, including:

Leverage industry knowledge and experience to best position Columbia Threadneedle’s asset management capabilities and solutions to meet client needs.

Perform market research and analysis to identify future product development opportunities across traditional asset classes and alternative investments.

Ensure investors can efficiently access Columbia Threadneedle capabilities across a wide array of vehicles, including private funds, collective investment trust funds and alternative investments across global institutional and high new worth markets.

Conduct fee benchmarking and profitability analysis, to ensure competitive pricing for new product offerings.

Communicate the product development status to senior leaders across the organization concisely and effectively throughout lifecycle of the project.

Support the implementation of new products in close collaboration with senior internal partners across the organization including distribution, marketing, investments, operations, legal and compliance, etc.

Drive other new institutional strategic product initiatives and/or custom proposals for large institutional clients, as needed.

Perform other duties as required, which may include activities such as supporting new product development activities, providing input into other product team projects and initiatives, supporting distribution efforts, and contributing to sales and marketing collateral.

Required Qualifications

Bachelors’ degree

Series 7 (or SIE and Series 7 top off exam) and 66 (or 63 & 65 combined) or the ability to obtain within 180 days

Minimum of 8-10 years’ experience of financial industry experience

Investment product expertise with institutional funds and/or alternative investments

Preferred Qualifications

Project management expertise, including the ability to build relationships and collaborate with senior leaders across the organization to drive results

Communication skills including the ability to write a business case, lead project meetings, and present product development proposals to internal committees and fund boards

Analytical and problem-solving experience using data to identify trends, issues and potential solutions

About Our Company
We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Base Pay Salary

The estimated base salary for this role is $173,000- $233,000 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.

We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Marketing/Product Management

Line of Business  

AMINV US Asset Management