Full-Time

Director of Product Management

Posted on 10/2/2024

CAIS

CAIS

201-500 employees

Platform for accessing alternative investments

Fintech
Financial Services

Compensation Overview

$195.5k - $265.5kAnnually

+ Performance Bonus

Senior

New York, NY, USA

Flexible hybrid in-office model; no minimum number of days in office required.

Category
Product Management
Product
Required Skills
Agile
Product Management
JIRA
SCRUM
Confluence
Requirements
  • 10+ years of experience as a Product Manager, with at least 5 years of experience working within the Financial Services industry (Alternative Investments and/or Wealth Management space strongly preferred), experience working in a two-sided digital marketplace a plus
  • Experience in creating, maintaining, and prioritizing product roadmaps, design requirements, and user stories.
  • Demonstrated ability to break down complex ideas into actionable plans while understanding interdependencies to deliver effective solutions.
  • Strong interpersonal skills with the ability to build strong working relationships across all levels and specializations across the organization.
  • Excellent verbal and written communication skills, with the ability to craft user stories, write product documentation tailored to various audiences, and keep teams and stakeholders informed.
  • Experience with requirements tracking tools such as Jira, Confluence, or an equivalent, and/or experience working with Agile methodologies
  • Scrum Master, Agile, and PMP certification preferred
  • Proven ability to manage multiple competing priorities and shift focus seamlessly as needed.
  • Ability to thrive in a fast-paced, dynamic environment with a focus on innovation and continuous improvement.
Responsibilities
  • Define and communicate the product vision and strategic roadmap, ensuring alignment with customer needs, market trends, and business goals
  • Utilize customer feedback, competitive analysis, and other metrics to inform and prioritize the product roadmap.
  • Partner with cross-functional stakeholders, including engineering, design, marketing, sales, operations and executive teams to gather and document requirements, ensuring alignment with product objectives.
  • Act as the primary liaison between internal teams and external stakeholders, ensuring consistent communication, including planning product rollouts and providing operational support post-launch.
  • Manage the product backlog, prioritizing features, enhancements, and fixes that are critical to achieving business and product goals.
  • Write user stories, define acceptance criteria, and prepare release communications, ensuring thorough documentation for quality and audit purposes.
  • Oversee the product development process from concept to launch, including testing prototype interfaces and workflows.
  • Work in an Agile/Scrum environment, participating in sprints, managing both product and sprint backlogs, and collaborating with cross-functional teams.
  • Champion the adoption of cutting-edge technologies and innovative methodologies, fostering a culture of continuous improvement and adaptability.
  • Establish and monitor key performance indicators (KPIs) to measure the impact of product initiatives on organizational efficiency and effectiveness.
  • Continuously track KPIs to ensure alignment with strategic goals, enabling data-driven decision-making.

CAIS provides a platform that simplifies access to alternative investments for financial advisors and wealth managers. This platform allows users to invest in asset classes such as private equity, hedge funds, real estate, and distressed debt, which are not typically included in traditional investment categories like stocks and bonds. CAIS's platform features a wide range of investment options, a streamlined process for subscribing and reporting, and an educational tool called CAIS IQ that helps advisors understand the complexities of alternative investments. Unlike its competitors, CAIS emphasizes a thorough due diligence process to ensure that all funds on its platform meet high standards, which helps build trust with advisors and their clients. The goal of CAIS is to transform how independent wealth managers and financial advisors access and manage alternative investments, ultimately helping them diversify their clients' portfolios and improve investment outcomes.

Company Stage

Late Stage VC

Total Funding

$384.2M

Headquarters

New York City, New York

Founded

2009

Growth & Insights
Headcount

6 month growth

5%

1 year growth

0%

2 year growth

25%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for alternative investments, with 85% of advisors planning to increase allocations.
  • Collaboration with Blackstone enhances marketplace offerings with top-tier investment strategies.
  • Integration with Orion expands access to alternative strategies, potentially increasing CAIS's user base.

What critics are saying

  • Increased competition from fintech platforms like iCapital Network could erode market share.
  • Rapid technological advancements may require costly updates to remain competitive.
  • Reliance on third-party due diligence poses risks if partners face operational challenges.

What makes CAIS unique

  • CAIS offers a comprehensive platform for alternative investments, including hedge funds and private equity.
  • The platform integrates educational tools like CAIS IQ to enhance advisor knowledge and skills.
  • CAIS provides independent due diligence through Mercer, ensuring high standards for listed funds.

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