Senior Associate - Private Wealth Product Management

Posted 2 Days Ago
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New York, NY, USA
In-Office
90K-120K Annually
Senior level
Financial Services
The Role
Lead design and governance of private wealth products and investment programs. Define eligibility rules, fee structures, and operational/data specifications. Partner with Legal, Compliance, Operations, Technology, and Advisors to document guardrails, maintain governance artifacts, support product launches, identify control risks, and ensure consistent data usage across systems and reporting.
Summary Generated by Built In

Business Overview:

The Private Wealth Product Management team serves as the backbone for operational excellence across Private Wealth products and service offerings. The team is responsible for the design, governance, and lifecycle management of all products and investment programs offered to private wealth clients — partnering closely with Product Development, Operations, Legal/Compliance, Technology, CIO, and COO functions to define how products work, who they serve, and how they are controlled.

Position Overview:

This role sits at the core of the Product Management team's design and governance function. You will be responsible for defining the parameters, eligibility rules, and structural guardrails that govern how Private Wealth products and investment programs are built, offered, and administered. This includes translating product and program intent into precise operational and data specifications — from investment product eligibility and fee structures to investment advisory program design and account-level data definitions. This role requires someone who can bridge business intent with operational rigor; equally comfortable designing the rules for a new product launch as they are defining the data architecture that supports it. 

Primary Responsibilities:

Product Parameters & Eligibility:

  • Define and maintain the rules governing what products and programs can and cannot do; including account eligibility, client eligibility, and offering restrictions

  • Establish and document guardrails for new and existing products (e.g., which account types can hold, which client types qualify for a particular strategy, or how fees apply within a given context)

  • Partner with Legal, Compliance, and Operations to translate regulatory and policy constraints into clear operational parameters

Investment Program Design & Governance:

  • Design and document the operational and data specifications for investment advisory programs and other client-facing programs (e.g., program enrollment criteria, capture and storage associated data that would be required, monitoring parameters, etc.)

  • Define program-level data requirements and ensure data attributes are properly structured, labeled, and used consistently across systems and reporting

  • Maintain governance artifacts including parameter matrices, eligibility frameworks, decision logs, and program specifications

Cross-Functional Coordination & Controls:

  • Serve as a subject matter resource for product and program rules across stakeholder groups including Wealth Advisors, Client Service, Operations, Legal & Compliance, and Data & Technology

  • Support product launches by delivering complete and accurate parameter specifications that downstream teams can execute against

  • Identify gaps, inconsistencies, or control risks in existing product and program governance; drive resolution and documentation improvements

Experience & Skills Qualifications:

  • 5+ years of experience in financial services, with meaningful exposure to investment products, wealth management, or investment advisory programs

  • Bachelor's degree required; or Series 7 & 66 a plus

  • Strong working knowledge of investment product structures including mutual funds, ETFs, SMAs, and alternative investments (private funds, hedge fund structures strongly preferred)

  • Experience with investment advisory models, fee structures, and regulatory framework (IA vs. BD distinctions)

  • Experience defining or working within product eligibility, program governance, or operational rules frameworks

  • Demonstrated ability to translate complex business or regulatory requirements into clear, actionable specifications

  • Exceptional attention to detail with strong written and verbal communication skills

  • Ability to manage multiple workstreams and stakeholders simultaneously in a dynamic environment

  • Experience in private wealth, family office, or high-net-worth client service environments

  • Familiarity with account data structures, reference data management, or product master

  • Background in investment advisory compliance, product governance, or operational risk

  • Naturally curious and analytically rigorous — comfortable questions such as "but what happens when…" questions

  • Strong judgment and discretion; high level of integrity and professionalism

  • Adaptable and energized by building in a growing, evolving team environment

Applicants must be authorized and have the right to work in the country where the role is located without the need for current or future sponsorship.

Compensation Details

The salary range for this role is $90,000-$120,000. 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 the job posting location. 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, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, retirement, 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 is an equal opportunity 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 [email protected].

Learn about the Applicant Privacy Notice.

Skills Required

  • 5+ years of experience in financial services with exposure to investment products, wealth management, or investment advisory programs
  • Bachelor's degree
  • Series 7 and Series 66
  • Strong working knowledge of investment product structures (mutual funds, ETFs, SMAs, alternative investments)
  • Experience with private funds or hedge fund structures
  • Experience with investment advisory models, fee structures, and regulatory frameworks (IA vs. BD distinctions)
  • Experience defining or working within product eligibility, program governance, or operational rules frameworks
  • Demonstrated ability to translate complex business or regulatory requirements into clear, actionable specifications
  • Exceptional attention to detail with strong written and verbal communication skills
  • Ability to manage multiple workstreams and stakeholders simultaneously
  • Experience in private wealth, family office, or high-net-worth client service environments
  • Familiarity with account data structures, reference data management, or product master
  • Background in investment advisory compliance, product governance, or operational risk
  • High integrity, strong judgment, discretion, and professionalism
  • Naturally curious and analytically rigorous
  • Authorization and right to work in the country of employment without sponsorship

Neuberger Berman Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Neuberger Berman and has not been reviewed or approved by Neuberger Berman.

  • Retirement Support Employer-funded retirement contributions are widely highlighted as a standout perk that materially strengthens total rewards. Feedback suggests this benefit often offsets concerns about lower cash compensation.
  • Healthcare Strength Comprehensive medical, dental, and vision coverage is characterized as solid and reliable. Feedback suggests health benefits are a stable pillar of the package.
  • Leave & Time Off Breadth PTO and paid leave are commonly viewed as supportive within the industry context. Feedback suggests time-off policies contribute meaningfully to perceived overall value.

Neuberger Berman Insights

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The Company
HQ: New York, NY
2,667 Employees
Year Founded: 1939

What We Do

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 25 countries, Neuberger Berman’s diverse team has over 2,400 professionals. For eight consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. For important disclosures: http://www.nb.com/linkedin

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