Ameriprise Financial Services, LLC

Director of Product Governance

Ameriprise Financial Services, LLC  •  $147k - $180k/yr  •  United States (Onsite)  •  4 days ago
Apply
AI can make mistakes so check important info. Chat history is never stored.

Job Description

About Our Company


Working at Columbia Threadneedle Investments you'll find growth and career opportunities across all of our businesses.

We're intentionally built to help you succeed. Our reach is expansive with a Columbia Threadneedle Investments global team of 2,300 people working together. Our capability is diverse with more than 550 investment professionals sharing global perspectives across all major asset classes and markets. Our clients have access to a broad array of investment strategies, and we have the capability to create bespoke solutions matched to clients' specific requirements. Our unwavering focus on our clients and strong financial foundation connects each of our enterprise businesses — Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities.

The Director of Product Governance will represent product management and development in firm-wide initiatives, actively participating in the product team effort to maintain and improve the product line-up.

You will have regular exposure to the heads of Investment Management, General Counsels Organization, Operations, and Risk in order to facilitate changes to investment products and will be a structural expert in vehicles for delivery of investment strategies, including mutual funds, variable products, ETFs and closed-end funds.

Key Responsibilities

  • Serving as the Secretary of the Columbia Threadneedle Product Advisory Committee (PAC)
  • Participating in business management issues, such as 15C/pricing decisions
  • Hosting a monthly product change/new product implementation meeting communicating and coordinating changes to existing products and new fund launches.
  • Ownership of all Product team process documents, including Product Management and Development Routines, PAC Charter, Committee Stakeholder readiness documents
  • Managing team preparation for the Investment Oversight Committee and the Columbia Funds Board
  • The candidate will carry a high visibility role in exercises such as Portfolio Manager changes and product management’s response to regulatory actions

Some examples of governance responsibilities include:

  • Working with finance to manage revenue impacts in advance of strategy changes or product rationalizations
  • Owning the process of implementing and communicating portfolio manager changes
  • Managing product responsibilities for share class consolidations/additions, share class splits/reverse splits, fund mergers, product name changes, benchmark adds/changes, modifications to investment mandates, and ETF conversions
  • Coordinating with 5P and Investment Risk Management as appropriate for fund actions, including strategy changes/modifications
  • Working with product development industry developments, understanding new vehicles and complex securities
  • Managing the internal seed deployment/return process for NA Product
  • Represent the Product team in the continued development/ expansion of Product Master

Requirements

  • Ability to influence and collaborate with or lead across the organization and at all levels to drive results.
  • Strong analytical and problem-solving skills using data to identify trends and issues and potential ways to solve the issue.
  • Experience with assigned product including understanding of compliance rules and regulations for product and industry.
  • A solid understanding of concepts related to assigned product and ability to explain these to others.
  • Project management experience.
  • Series 7 (or SIE and Series 7 top off exam) and 66 (or 63 & 65 combined) or the ability to obtain within a defined period of time.

Visa Sponsorship

Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.

Base Pay Salary

The estimated base salary for this role is $147,400 - $180,100 per 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.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Marketing/Product Management

Line of Business

AMINV US Asset Management

Columbia Threadneedle is a people business, and we recognise that our success is due to our talented people, who bring diversity of thought, complementary skills and capabilities. We are committed to fostering an inclusive and performance-based culture where everyone can belong, grow, contribute and realise their potential.

Columbia Threadneedle 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.

Ameriprise Financial Services, LLC

About Ameriprise Financial Services, LLC

At Ameriprise Financial, we have been helping people feel more confident about their financial future for 130 years. With extensive investment advice, asset management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors*, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs. 

Ameriprise has corporate locations throughout the U.S. and across the globe, and advisor offices in all 50 states. 

Certain hyperlinks within Ameriprise Financial web sites or social media content may hyperlink to third-party content which we believe to be reliable however, we cannot guarantee its accuracy or completeness. For this reason, we do not endorse any linked third-party content, advertising, advice, opinions, recommendations, or other information; it's merely intended to be provided as a general source of information and is not a solicitation to buy or sell any securities, accounts, or strategies. In addition, any linked third-party content should not be used as the sole basis for any investment decisions, nor should it be construed as a recommendation or advice designed to meet the particular needs of an individual investor. Please seek the advice of a financial advisor regarding your particular financial situation.  

Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.   

Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.

For additional important disclosures on engagement rules, linking to third party content or other risks, please visit: www.ameriprise.com/social 

*Ameriprise Financial Q1 2024 Earnings Release.

Industry
Finance & Insurance
Company Size
10,000+ employees
Headquarters
Minneapolis, MN
Year Founded
1894
Social Media