Custody Product Manager Job Description

Custody Product Manager Job Description

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Custody product manager provides relationship coverage to a portfolio of institutional investor client segment in insurance, asset managers or securities companies.

Custody Product Manager Duties & Responsibilities

To write an effective custody product manager job description, begin by listing detailed duties, responsibilities and expectations. We have included custody product manager job description templates that you can modify and use.

Sample responsibilities for this position include:

Define and own the strategic development for the UK product offering (Product Roadmap including SCPP)
Maintain UK specific product definition where relevant in Core Service Directory, Market Intelligence and understand what is the product, how is it delivered, who are the clients and how is revenue realized
Perform ongoing competitive analysis and benchmarking to influence strategy
Collaboration with the Business Control and Client Solutions team to assess the impact of Market & Regulatory developments on the UK and Ireland product offering
Analyse product opportunities & threats from external and internal changes infrastructure changes (T2S), UCITS IV, MiFiD/MiFIR
Raise industry profile and contribute to market advocacy and thought leadership initiatives
Produce and obtain approval for business cases and New Business Initiative Approval (NBIA) process
Contribute to Product Development Control approval process
Product Leadership and acting as SME on UK Asset Servicing and Positions and Settlements market related items - provide direction and guidance to business partners and solution client requirements
Ensure metrics to measure and manage service are maintained with key business partners

Custody Product Manager Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Custody Product Manager

List any licenses or certifications required by the position: PM

Education for Custody Product Manager

Typically a job would require a certain level of education.

Employers hiring for the custody product manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Economics, MBA, Accounting, Graduate, Education, Business/Administration, Management, Law

Skills for Custody Product Manager

Desired skills for custody product manager include:

gained from either within operations
Product management
Relationship / client service organisation
Asset Management
Asset Owner segment
Corporate and Investment Bank products
Support functions
All of which can be practically demonstrated through existing relationships
Asset managers and insurance segments
Business desktop applications

Desired experience for custody product manager includes:

Implement supplier cost management transparency and control over direct and indirect expenses
Ownership of market related documentation, UK Financial Market Infrastructure and Third Party oversight process
Set and own the strategic development plan for the Global Custody Tax offering (Product Roadmap including SCPP)
Maintain Tax product definition and understand what is the product, how is it delivered, who are the clients and how is revenue realized
Collaboration with the Business Control and Client Solutions team to assess the impact of Market & Regulatory developments on the Global Custody Tax product offering
Analyse product impacts, opportunities & threats of external and internal changes infrastructure changes (T2S) from a tax perspective

Custody Product Manager Examples

1

Custody Product Manager Job Description

Job Description Example
Our company is looking for a custody product manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for custody product manager
  • Product Leadership and centre of excellence on Global Custody Tax product knowledge and issues - provide direction and guidance to business partners
  • Oversight of the Corporate & CTS Tax Utilities - engagement and direction
  • Develop and define the Global Custody Tax product delivery framework and establish the SLAs and metrics to measure and manage key business partners and suppliers
  • Implement supplier cost management transparency and control over direct and indirect expenses (Scope to be defined)
  • Help set Global Custody Tax priority across each stakeholders and ensure this ties with the product strategy
  • Client Consultancy - Work with client facing teams to develop client strategy and act as a SME on Liquidity for client meetings
  • Off Balance Sheet pricing and differentiation
  • Manage Associates on the team
  • Creation and execution of a Client Communication trategy including
  • Ensure risk tolerance levels are approved, clearly defined and appropriately factored into risk-reward decisions
Qualifications for custody product manager
  • Strong organisational and planning skills and a track record of delivery
  • Strong understanding of commercial aspects of the custody business
  • Relevant experience is preferable
  • Development and ownership of robust business cases, opportunity sizing, competitive analysis and work in partnership with technology and operations to design and develop strategic or customized Client solutions for new or existing clients
  • Working with Segment Leaders, Sales and Deal Engagement to find solutions for new clients
  • Delivering strategic Custody Cash Investment Initiative programmes and projects through the full project life cycle
2

Custody Product Manager Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of custody product manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for custody product manager
  • Advise business in establishing/maintaining a comprehensive product guidelines framework to ensure appropriate risk/control focus and global consistency
  • Review and approve NBIA/ABIAs and new deals
  • Assist with structuring complex or non-standard transactions
  • Implement key risk management initiatives
  • Working with the regional and global teams to be an advocate and lead for Liquidity product related queries
  • Drive the execution of the Custody & Fund Services Liquidity product strategy, including P&L projections, new product assessment and client buying behaviour
  • Develop and own robust business cases, opportunity sizing, competitive analysis and execution plans for each initiative and the presentation of these to senior management for buy-in, funding and resourcing
  • Help ensure tactical and strategic product development objectives are captured throughout the planning process
  • Create and syndicate (with internal partners) product related strategy with respect to specific segments / markets, relevant product capabilities based on competitor analysis, feedback from consultants, and understand proposed standard pricing based on risk/reward trade-off and commercial framework for liability
  • Maintenance of product standard documentation and provide sales support input to Relationship Management and Sales where required
Qualifications for custody product manager
  • Define and implement a sustainable reporting process to capture the status of in-flight initiatives
  • Proven expertise in developing, prioritizing and delivering business cases and NBIA approvals
  • Ability to work independently and also effectively in a matrix organization
  • Strong organizational and planning skills and a track record of delivery
  • Product subject matter expert for Foreign Exchange in the context of the delivery of Foreign Exchange Services to an C&FS client
  • Working with various departments (Risk, Operations, Audit, Client Services, Relationship Management, Technology, Sales, Network Management, ) to assess client requests for new / enhanced functionality and recommend solutions
3

Custody Product Manager Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of custody product manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for custody product manager
  • Work in partnership with Product Development, Technology, Operations, Legal, Compliance and Risk to design and develop operating models for new or existing clients
  • Develop and manage financial metrics and management reporting related to Custody cash balances, partnering closely with Business Management and Financial Controllers on P&L management
  • Key point of contact for Australia & New Zealand client base needs across Sales and Client Service
  • Governance and management of Australia Specific Solutions
  • Drive the development and positioning of Notional Pooling Capabilities for the APAC region
  • Provide RFP support as required including on-site participation during clients’ due diligence, new client meetings
  • Assist in the preparation of product collaterals, FAQs
  • Support the various liquidity products in the European region – working with various teams to support the implementation of product set
  • Work in conjunction
  • Support the implementation of the strategic programs to deliver cash services for CFS clients
Qualifications for custody product manager
  • Understand Securities Business and specifically custody services in terms of sub-custody and global custody
  • Expertise across a broad range of risk categories such as Credit, Operational, Fiduciary, etc
  • Ensuring the EMEA product offering is consistent and aligned with our global funds product offerings across Investor Services
  • A tertiary qualification in a relevant discipline, with post-graduate qualifications
  • Good overall knowledge of Custody & Fund Services Products, and strong understanding of Cash/Liquidity Products (both product construct and positioning)
  • Client facing experience and ability to partner with Sales/RMs/Client Service to find solutions to client needs
4

Custody Product Manager Job Description

Job Description Example
Our innovative and growing company is hiring for a custody product manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for custody product manager
  • Keep abreast of industry trends, regulatory changes and buying behavior patterns
  • The job has a reasonable degree of autonomy, although is subject to overall policies and strategic guidelines from HSS management (regional and global) and the HSS Functional Instruction Manual
  • The jobholder will need to maintain close and co-operative links with internal departments offering services to clients, eg Human Resources, Global Banking, Financial Institutions Group, Payments & Cash Management internal service departments such as Finance to ensure the HSS voice is influential within HBUS and that opportunities for cross selling are identified wherever possible
  • Project management & delivery of complex Change Projects in CFS – those of significant scale, complexity & budget and that are generally mandatory in nature
  • Client Change management – working with the EMEA Client Change lead, helping manage client demand ‘front-door’ meetings, keeping the process running smoothly, holding teams to account for their delivery – needs someone confident partaking in challenging conversations
  • Understand and analyze industry trends, regulatory developments and competitive landscape Build business cases and drive execution of new product capabilities and/or entering new markets or target segments
  • Understand the risk profile of each initiative and ensure that it is compliant with group guidelines
  • Understand the evolution of the markets in which we operate and incorporating change into the product roadmap(s)
  • Generation and maintenance of program documentation covering governance, stakeholder management, program plans, actions and RAID logs
  • Detailed program planning utilizing standardized program methodology
Qualifications for custody product manager
  • Solid relevant experience is preferred
  • Expertise across a broad range of risk categories such as Credit, Ops, Fiduciary, etc
  • Ability to form new relationships with senior business/functional leaders
  • Prior experience managing a team of seasoned individuals
  • Strong analytical skills in terms of process and operating model re-engineering and understanding clients needs related to Cash & Liquidity
  • Able to research the anticipated needs of clients
5

Custody Product Manager Job Description

Job Description Example
Our growing company is looking to fill the role of custody product manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for custody product manager
  • Running program governance forums including the Working Group, issue resolution meetings and other ad-hoc meetings as required
  • End to end leadership of the day-to-day delivery of assigned programs
  • Direct management of a portfolio of work
  • Produce various reporting and MIS for C&FS senior management and wider stakeholder groups on a weekly and monthly basis
  • Support PPMO processes to ensure the program planning and ongoing governance structure and documentation is in place and continues to be updated and maintained
  • Manage the CFS Change and POTL SharePoint sites including accreditation and maintenance of controls, documentation storage and update and list maintenance
  • Serve as a knowledge resource with respect to Off-balance sheet products, respective operating models external industry knowledge and competition
  • Build and maintain product specific documentation such as product manuals, architecture diagrams, SLAs, FAQs, Reporting guides
  • Create Business Requirement Documents and work closely with product development to ensure the high-level requirements are understood and timelines delivered
  • Partner with Fund Sponsors to close gaps in offering and governance
Qualifications for custody product manager
  • Proven expertise in developing, prioritising and delivering business cases and NBIA approvals
  • Good communication, influencing and negotiation skills with the ability to develop and maintain collaborative relationships both internally and with external clients
  • A general understanding of banking and finance
  • Understanding of business applications and custodial services would be an advantage
  • Broad-based business knowledge across the full CFS product suite
  • A broad knowledge of custody product including asset servicing, positions and settlements and cash

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