Private Markets & Alternatives Product Manager
Job Description
Are you ready to make an impact at DTCC?
Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.
Wealth & Investment Solutions is accountable for driving the strategic growth and development of a critical business line. This includes responsibility for developing and executing a comprehensive strategic roadmap for growth, identifying and capitalizing on new market opportunities, and leading initiatives to expand the client base and increase revenue through the sale of wealth products. The role ensures the Wealth business remains competitive and relevant to clients, while maintaining alignment with risk/control and regulatory requirements and supporting the overall strategic goals of DTCC.
Pay and Benefits:
- Competitive compensation, including base pay and annual incentive
- Comprehensive health and life insurance and well-being benefits, based on location
- Pension / Retirement benefits
- Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
- DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).
The Impact you will have in this role:
This is a unique opportunity to shape the future of private markets and alternative investments by leveraging DTCC's position in the industry and your product expertise. You'll work at the intersection of innovation, regulation, and client experience-helping to unlock new growth opportunities for the business and its clients. As an Associate Director, you will be a commercial, strategic and execution-focused Product Manager to support the growth strategy of DTCC's Wealth & Investment Solutions business. This role will be instrumental in shaping and delivering innovative solutions that drive adoption and growth of alternatives/ and other private market assets. The ideal candidate is a self-starter, energetic and curious, and has familiarity with the associated processes and market landscape.
Your primary responsibilities:
- Work with the product management leads to deliver on the specific initiatives prioritized and budgeted for clients needs and growth.
- Generates revenue forecasts reports from internal systems, reviews product line P&L on a monthly basis, identifies trends in the broader market relating to product lines.
- Identifies and evaluates opportunities to increase revenue or reduce costs within the business.
- Act as liaison with Product Owner or a key product member in an Agile squad and partnering with internal teams for implementation of new features ensuring that all proposed changes are reviewed, feedback is incorporated and any impact is fully communicated to internal stakeholders; participates in dynamic P.I. planning sessions
- Act as main business contact for internal control functions, operations and technology teams.
- Identifies potential risks to achieving project objectives and elevates to appropriate management.
- Assists in product training efforts for all touch-points to both internal and external customers, inclusive of documentation, publications, E Training tools, FAQ's.
- Monitor project budgets for specific initiatives / projects.
- Documents requirements in a clear and consistent manner through JIRA and other tools.
- Ensures the product development process follows DTCC custom-designed methodology.
- Expected to be SME in an area of the product and, where required, to attend meetings with clients to help with product area of expertise
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- Possesses in-depth knowledge of private markets and alternative investment processing including data structures, fintech platforms, custodian processing and fund administration processes
- Has familiarity with alternative investment fintech platforms and how they interface with advisors, the back-office, funds, custodians and transfer agents
- Understands the regulatory exemptions that apply to alternative investments and has working knowledge of non-traded REITs, BDCs, hedge funds, private equity and private credit funds
- Effective in leading client working groups and gathering requirements to be used by application developers
- Has experience working with file-based data delivery, JSON APIs and Snowflake
- Possesses excellent desktop computing skills in PowerPoint, Word, Excel and AI tools such as Copilot and Kiro
- Comprehends the servicing lifecycle of an alternative investments including creation, identification, purchases, redemptions/tenders, distributions, commissions and transfers
Qualifications:
- Minimum of 8 years of related experience in product management or business development, preferably within wealth management, asset management, or financial infrastructure
- Bachelor's degree preferred or equivalent experience
Talents needed for success:
- Strong understanding of or experience working in the market infrastructure, including the private markets space (e.g., private equity, hedge funds, real assets) and the associated operational ecosystem.
- Proven ability to manage complex cross-functional initiatives and deliver results in a matrixed environment.
- Exceptional communication, analytical, and stakeholder management skills; ability to articulate a vision in written, verbal, and presentation materials.
- Familiarity or experience of positive UX design methodologies.
- Experience with Agile project management, associated concepts and commonly used tools, such as JIRA.
- Ability to-effectively plan and organize multiple demands and competing priorities. Facilitates and leads external working groups and other relevant subject matter working groups.
The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
About Us
With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2024, DTCC's subsidiaries processed securities transactions valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion. DTCC's Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn , X , YouTube , Facebook and Instagram .
DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you'll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It's the chance to make a difference at a company that's truly one of a kind.
Learn more about Clearance and Settlement by clicking here .
About the Team
Clearing & Securities Services group delivers world-class safety and soundness for the global financial services industry. The team provides DTCC's portfolio of core securities business, including Institutional Trade processing and First Line Resilience and Control to facilitate better end-to-end planning and prioritization as well as enable more coordinated and seamless delivery of capabilities and services for our clients.
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- FSA
- HSA With Employer Contribution
- Long-Term Disability
- HSA
- Pet Insurance
- Mental Health Benefits
Parental Benefits
- On-site/Nearby Childcare
- Adoption Assistance Program
- Family Support Resources
- Birth Parent or Maternity Leave
- Non-Birth Parent or Paternity Leave
- Return-to-Work Program
Work Flexibility
- Hybrid Work Opportunities
- Work-From-Home Stipend
Office Life and Perks
- Casual Dress
- Snacks
- On-Site Cafeteria
- Commuter Benefits Program
- Company Outings
- Holiday Events
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
- Leave of Absence
- Volunteer Time Off
Financial and Retirement
- 401(K) With Company Matching
- Performance Bonus
- Financial Counseling
- Pension
Professional Development
- Work Visa Sponsorship
- Leadership Training Program
- Associate or Rotational Training Program
- Tuition Reimbursement
- Learning and Development Stipend
- Promote From Within
- Mentor Program
- Shadowing Opportunities
- Access to Online Courses
- Lunch and Learns
- Internship Program
- Professional Coaching
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program
- Employee Resource Groups (ERG)
- Unconscious Bias Training