CVP - Investment Product Manager

Location Designation: Hybrid - 3 days per week
Role Overview:
New York Life seeks a strategic leader to serve as Corporate Vice President - Investment Product Manager within the Institutional Life Department. This role is accountable for the performance and results of the investment product team, adapting business strategy and policies to address service and operational challenges. The position manages a product manager associate and collaborates extensively across functions to ensure the competitiveness, compliance, and operational excellence of the Corporate-Owned Life Insurance (COLI) and Bank-Owned Life Insurance (BOLI) investment platforms.
What You'll Do:
Strategic Leadership & Management

• Manage and mentor the product manager associate, fostering a culture of high performance, accountability, and continuous learning, while contributing to broader talent development, succession planning, and capability building within the Institutional Life organization.
• Provide guidance to employees, colleagues, and external partners, including senior leaders, influencing decisions, and driving results.
• Serve as a thought leader on investment market trends and product innovation, proactively identifying opportunities to enhance the investment platform.

Product & Platform Oversight

• Own the strategy, governance, and lifecycle management of the variable product investment fund lineup, encompassing 150+ registered funds across 27 fund managers and a private/exempt investment platform of internal and external hedge fund managers, with accountability for performance, risk alignment, and platform competitiveness.
• Evaluate, recommend, and champion new fund additions, investment strategies, and new or emerging asset classes based on client needs, market trends, competitive positioning, and platform objectives, balancing strategic leadership with hands-on oversight of critical initiatives to ensure disciplined execution in a highly regulated environment.
• Lead the onboarding of new funds and oversee enhancements to the investment platform, ensuring alignment with strategic objectives and governance standards.
• Coordinate closely with the operations team on fund additions, removals, replacements, and structural changes, ensuring accurate execution, system readiness, and seamless implementation.
• Demonstrate agility in managing multiple concurrent product initiatives, continuously prioritizing and re-prioritizing work to focus on the highest-impact efforts.
• Participate actively in product development team initiatives, contributing investment product expertise from concept through implementation.

Governance, Compliance & Due Diligence

• Oversee annual and ad-hoc prospectus updates, regulatory disclosures, and due diligence processes in partnership with internal Legal and Compliance teams and external fund managers.
• Ensure timely, accurate, and compliant updates to prospectuses and Private Placement Memoranda, applying a high degree of attention to detail.
• Oversee registered fund reporting and quarterly exempt fund reviews, ensuring accuracy, consistency, and adherence to internal governance standards.

Portfolio & Investment Manager Relationships

• Provide strategic oversight and monitoring of investment activity and performance across internally managed portfolios.
• Build and maintain deep, trusted relationships with internal and external fund managers, serving as a strategic partner on product design, performance expectations, and platform evolution.
• Identify gaps and opportunities within the fund lineup and collaborate with investment managers to develop or source new solutions.
• Gather and synthesize competitive intelligence on market trends, peer platforms, and investment funds to inform product strategy and fund recommendations.

What You'll Bring:
Required

• Bachelor's degree and/or equivalent experience.
• Series 6 or Series 7 license (or ability to obtain within six months).
• Significant experience in investment product management, fund governance, and cross-functional leadership.
• Advanced understanding of investment product practices and procedures; working knowledge of Legal, Compliance, Operations, and Technology disciplines.
• Proven ability to manage multiple complex initiatives simultaneously while maintaining strong attention to detail.
• Excellent written and verbal communication, analytical, relationship-management, and problem-solving skills.

Preferred

• MBA and/or CFA designation.
• Experience with BOLI and/or institutional investment portfolios.
• Familiarity with Managed Separate Accounts and Insurance Dedicated Funds.
• Prior experience with derivative strategies, alternative investments, or fixed-income portfolios.

Skills & Competencies

• Strategic and agile thinker with the ability to manage competing priorities in a dynamic environment.
• Deep understanding of investment product design, asset classes, and regulatory requirements.
• Strong project management, organizational, and execution capabilities.
• Exceptional attention to detail balanced with sound strategic judgment.
• Ability to collaborate effectively across Legal, Compliance, Investments, Operations, Technology, and external partners.
• Proven ability to guide and influence others, including senior leaders, to achieve business objectives.

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Pay Transparency
Salary Range: $135,000 - $170,000
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Company Overview
At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communities-inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you'll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what's next, and your growth powers it.
Our Benefits
We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life's leadership in this space.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Job Requisition ID: 93215