Neuberger Berman is seeking a VP, Product Development Manager to join the Product Team in New York. The primary role of the Product Development Team is to serve as an objective champion of new product ideas and product actions, facilitating analysis and activity from concept to implementation, ensuring alignment with market demand, trends, and strategic business objectives for our institutional, intermediary, and high-net-worth distribution channels. Team members are responsible for all functions related to creating and maintaining a healthy product line across our equity, fixed income, and alternative investment businesses (as well as multi-asset class and ESG), with the goal of ensuring that products are successfully researched, designed, priced, positioned, launched, and supported to maximize commercial viability and impact. Team members must possess in-depth knowledge of the competitive environment, have an informed view of industry trends and be capable of originating and analyzing new product ideas to provide informed opinions regarding the market opportunity for each. In developing analyses, the group leverages the collective knowledge of the organization through its interactions with other functional groups. The team also plays a central role in building consensus for the Firm’s overall strategic product plan. Responsibilities: Manage key activities of the product development process that enable the organization to achieve four primary objectives: (1) Build breadth and depth of our product offering in key categories (2) Pursue innovative opportunities in a focused and thoughtful manner (3) Enhance the existing product line to maximize growth potential and exploit product extension opportunities (4) Oversee the product range. Review the product line to ensure it remains competitive (fund performance, fees, positioning); drive action based on analyses and discussions with internal stakeholders Facilitate the development and implementation of new business plans, products, and funds from the initial research / business case through to launch Spearhead product development initiatives, creating proposals and presenting findings to senior management Analyze the market and competitor landscape to identify general investment trends / themes and product flows, including regular periodic analysis and ad-hoc research Integrate and implement initiatives across the business Supervise pricing / market sizing analysis for specific product launches Conduct specific competitor comparison and analysis Assist in developing the firm's product strategy and establishing product goals and prioritization Support the Firm’s risk management process related to the review of new products Remain abreast of regulatory changes as they impact products Supervise, train, and develop other members of the team Qualifications: Bachelor degree required; MBA and/or CFA a plus Minimum of five years of product development or other relevant experience in the asset management industry Ideal candidates will have led the development of a range of open-ended mutual funds and/or ETFs, and have experience working with other asset management product types (e.g., unregistered funds, closed-end funds, model portfolios, etc.) including alternative investments and related vehicles Strong knowledge of the asset management industry including industry trends, recent developments, etc. Who you are: Strong verbal and written communication skills, including synthesizing research and conceptual work into actionable deliverables High degree of initiative and accountability, with a high level of professionalism and integrity Excellent project management, time management and planning skills Highly organized with ability to multi-task Able to collaborate with teams of people across a range of departments Compensation Details The salary range for this role is $130,000-$170,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in New York City. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees. Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law. Neuberger Berman is an equal opportunity/affirmative action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact onlineaccommodations@nb.com. Learn about the Applicant Privacy Notice. Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 39 cities worldwide, the firm manages $436 billion in client assets (as of March 31, 2023) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. Tenured, stable and long-term in focus, the firm has built a diverse team—including 700-plus investment professionals and more than 2,700 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by Pensions & Investments as the first or second "Best Place to Work in Money Management” for last eight consecutive years (firms with 1,000 employees). EQUITY, INCLUSION & DIVERSITY Neuberger Berman strongly embraces the principles of Equity, Inclusion and Diversity (“EID”) — they are deeply engrained in our culture and are a fundamental part of our long-term business strategy. We firmly believe in fostering an environment, in which all of our people are respected and have an equitable opportunity to flourish and be their best selves. We believe having a diversity of perspectives strengthens our ability to deliver attractive outcomes for our clients and makes us a better organization. Empowering is about our people having a voice and the ability and autonomy to contribute materially to the firm. As an employee-owned firm, we lean heavily on employee feedback and guidance, including through a series of surveys (e.g., our anonymous employee engagement survey and topic specific pulse surveys). We also provide many opportunities to contribute outside of the day-to-day, including through cross functional committees and firm-wide projects. Developing is about our people having the resources, tools, and experiences to grow professionally and personally. As part of this, our colleagues and managers can leverage a broad array of offerings on our HCM Learning platform as part of a personalized career path plan that focuses intently on individual circumstances and objectives. Supporting is about our people having the opportunity to be themselves, connect within NB and live a balanced life. Our Employee Resource Groups help to drive a greater sense of fellowship and build stronger connections across our firm. Through NB Wellness, NB Impacts (philanthropy) and Employee Investment Solutions (financial wellness), we take a holistic approach to ensure our colleagues have the resources they need to realize their personal goals. Our people and our culture are our greatest assets. We remain deeply committed to our EID values and to ensuring Neuberger Berman remains a best-in-class place to work. 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