Product Manager, ETF

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.

About This Position

The Global ETF Product Team is seeking an ETF Product Manager to help shape and execute T. Rowe Price’s ETF strategy across the U.S. and UCITS markets. The role will help advance initiatives across the product lifecycle, from market and client research and business case development through product governance, launch, ongoing monitoring, and other lifecycle actions. Working with partners across the firm, the Product Manager will translate client and distribution needs, T. Rowe Price investment capabilities, competitive dynamics, product economics, regulatory requirements, and operating considerations into clear recommendations and execution plans.

The successful candidate will combine strong product judgment and analytical rigor with the ability to navigate complex, cross-functional work. The role offers broad exposure to Investments, Distribution, ETF Capital Markets, Operations, Technology, Finance, Legal, Risk, Compliance, and regional product teams, as well as the opportunity to contribute to the continued development of T. Rowe Price’s global ETF capabilities.

Role Summary

The ETF Product Manager conducts a broad range of product management activities in support of T. Rowe Price’s ETF strategy across the U.S. and UCITS markets. The Product Manager researches client demand, market and competitive developments, internal positioning, fees and expenses, product economics, risks, and applicable regulatory environments to inform product decisions. The Product Manager uses this research and analysis to develop recommendations for new products and changes to existing products, including enhancements, conversions, repositionings, mergers, closures, and other lifecycle actions.

The ETF Product Manager works with colleagues across Global Product and other functions to evaluate product opportunities, advance assigned initiatives, and ensure that relevant commercial, investment, operational, regulatory, and governance considerations are reflected in decisions. The Product Manager communicates findings and recommendations to internal stakeholders and prepares materials for management presentations and product committee meetings, including vehicle-specific Boards of Directors.

Responsibilities

• Conducts product management activities related to new ETF launches, mutual fund-to-ETF conversions, restructurings, mergers, closures, and other product changes, including changes to fees, benchmarks, names, or product features.

• Collaborates with other Global Product teams and cross-functional partners to develop and challenge business cases for new ETFs and changes to existing ETFs.

• Gathers and integrates internal insights and external client, market, competitor, and industry data to inform ETF product strategy and roadmap recommendations.

• Researches regulatory and industry developments and works with Legal, Risk, Compliance, Operations, ETF Capital Markets, and regional Product teams to evaluate potential implications for existing and proposed ETFs.

• Supports the planning, preparation, and execution of product governance meetings for senior management, product committees, Boards of Directors, and other stakeholder groups.

• Develops complex analytical support and decision-oriented documentation, presents materials as appropriate, and tracks resulting decisions and required follow-up.

• Independently creates, updates, and improves product- and vehicle-specific policies, procedures, reporting, dashboards, templates, and recurring processes.

• Identifies opportunities to improve data quality, strengthen controls, increase consistency across regions, reduce manual work, and create scalable product-management practices.

• Maintains accurate product-related data in applicable systems and reports.

Qualifications

Required:

• Bachelor’s degree or the equivalent combination of education and relevant experience, and

• Five or more years of total relevant work experience.

Preferred:

• Knowledge of U.S. and/or UCITS ETF structures, including active ETFs.

• Strong analytical, written, verbal, presentation, and interpersonal communication skills.

• Experience with ETFs and/or another pooled investment vehicle, including product strategy, product development, implementation, or lifecycle management.

• Demonstrated ability to develop product business cases, evaluate product economics and performance, and synthesize complex qualitative and quantitative information into clear conclusions and recommendations.

• Strong PowerPoint and Excel skills, with experience using Morningstar Direct, Broadridge, eVestment, or comparable investment-product and market-data tools.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to three days per week from home.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$96,500.00 - $164,000.00 for the location of: Maryland, Colorado, Washington and remote workers $105,000.00 - $180,000.00 for the location of: Washington, D.C. $120,000.00 - $205,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual’s relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

Benefits

We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.

Featured employee benefits to enrich your life:

• Competitive compensation

• Annual bonus eligibility

• A generous retirement plan

• Hybrid work schedule

• Health and wellness benefits, including online therapy

• Paid time off for vacation, illness, medical appointments, and volunteering days

• Family care resources, including fertility and adoption benefits

Learn more about our benefits.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.