Executive Director, Head of Product Development
The Executive Director, Head of Product Development at ProShares is a senior leadership role responsible for defining and executing the firm's product development strategy across multiple asset classes and investment structures. This position involves managing a global pipeline of new products, generating innovative investment solutions, and collaborating with internal and external partners to bring these solutions to market. The role is integral to ProShares' commitment to providing strategic and tactical opportunities for investors to manage risk and enhance returns.
Key responsibilities include leading market research to identify opportunities, guiding product improvements based on client feedback, and overseeing the entire product development process to ensure feasibility, investment integrity, and operational excellence. The Executive Director will work closely with the CEO and senior management team to advance product initiatives from conception to launch and scale. Additionally, the role involves managing competing priorities, adhering to timelines and budgets, and ensuring all new products comply with legal and regulatory requirements.
The ideal candidate will have over 15 years of experience in asset management, with a demonstrated record of product development and functional team leadership. A history of managing technical teams is preferred. An advanced degree in a quantitative field and/or CFA/CAIA certification is desirable. Proven success in developing and launching investment products across various asset classes, including equities, fixed income, private markets, and liquid alternatives, is essential. The candidate should possess exceptional communication, relationship management, and leadership skills, with the ability to influence effectively at executive levels.
ProShares offers a competitive compensation package, with an annual base salary range of $250,000 to $300,000, excluding discretionary bonus compensation. Total compensation may vary based on experience, role, location, department, and individual performance. Benefits include paid time off, health care benefits (medical, dental, and vision), additional insurance options, a 401(k) retirement plan with matching contributions, spending accounts, wellness programs, education assistance, and a hybrid work schedule.
ProShares fosters a culture of innovation and collaboration, encouraging employees to challenge conventional approaches and find new ways to access financial markets or provide financial solutions for investors. The firm values creativity and forward-thinking, offering growth opportunities for individuals who demonstrate a track record of innovation and complex project management. Joining ProShares means becoming part of a team that is at the forefront of the ETF revolution, committed to delivering unique investment products to the market.