Vacancy Status: This is for a current opening.

Compensation: $125,000 - $145,000

Job Description

Who you are

The Fund Management squad sits at the foundation of our asset management business. This cross-functional team is accountable, end to end, for transforming how Purpose runs its investment fund operations - moving fund accounting, performance, trading operations, and the data that underpins these all onto a single governed platform. The book of record for our funds, the daily NAVs we strike, and every performance number we quote externally all trace back to the work this squad does.

As Sr. Product Manager, Fund Management, you will own the product vision, roadmap, and delivery for this squad. You will collaborate with other teams to decide what gets built and in what order, working directly with operations, engineering, data, and compliance to solve the problems that matter most. You will lead from the front - not as a project manager tracking tickets, but as the person who understands the problem space deeply enough to make the right calls under pressure.

This is not a role for someone who wants to execute a predefined roadmap. It is a role for someone who wants to build one.

Responsibilities: What you will do

• Translate product vision and strategy into an actionable, sequenced roadmap across the master-data spine and the valuation, activity, investor, and disclosure pipelines
• Partner with investment operations, fund accounting, data engineering, and compliance to deeply understand workflows, source systems, and regulatory constraints
• Decide what gets built and in what order - picking a small number of high-leverage workstreams against a broad operational surface and sequencing them deliberately
• Define and prioritize requirements that meet operational, regulatory, and analytical standards
• Write clear, detailed user stories and acceptance criteria that engineering can execute on with confidence
• Pressure-test major design decisions - naming the alternatives considered, the assumptions made, and what would prove them wrong
• Act as a close partner to the engineering and data leads on priorities and trade-offs, leading planning and review sessions as the product authority in the squad
• Track delivery against clear, business-language measures of success and report progress to stakeholders on a regular cadence

What you will own

Fund accounting and NAV You will own the outcome of a daily NAV that is correct, delivered on time, observable, and defensible across more than 100 funds. You will replace manual, end-of-process checks with automated assertions that catch issues at the source. This is the number regulators, auditors, and clients rely on - when it is wrong, you own the fix.

Fund performance calculations You will own a single surface for returns, attribution, peer comparisons, and AUM and flow time series - any fund, any series, any period. Today this work is spread across parallel analytics tools that are never reconciled against one another. You will consolidate it so that every externally-quoted performance claim traces back to one auditable source.

The book of record for funds You will own the primary record of fund holdings, positions, NAVs, flows, and activity events that both fund accounting and performance sit on. You will move the business from a patchwork of partial, segment-by-segment records to a single governed foundation.

The data platform You will define the vision and roadmap for the master-data source and the pipelines - valuation and NAV, activity, investor, and disclosure and tax - that bring raw feeds from custodians, transfer agents, sub-advisors, and pricing vendors into governed schemas under explicit contracts. This is the surface that operations, dashboards, AI tooling, regulators, advisors, and investors all consume.

The transaction execution You establish better ways for external stakeholders to access with our funds when necessary, whether an individual subscription of our more complex funds or trading on a portfolio within our white label funds program, creating seamless experiences that is central to our overall offering and client experience.

Defensibility and lineage You will own the lineage that makes every fund number traceable to its source. When a regulator, auditor, advisor, or investor asks how a figure was produced, the answer should be one auditable path - not a spreadsheet someone has to reconstruct after the fact.

Qualifications: What you will bring

Domain expertise You have meaningful experience in asset management, fund operations, or fund accounting, or a closely adjacent domain. You understand NAV, fund flows, performance and attribution, the roles of custodians, transfer agents, and sub-advisors, and the disclosure and regulatory obligations of a Canadian fund manager. You do not need to be taught what a book of record is, or why a NAV error is not just another bug.

Product depth You know the difference between a product manager and a project manager, and you operate firmly in the former. You identify problems worth solving before defining solutions. You have a clear point of view on prioritization, can defend it with data and evidence, and are comfortable saying no when capacity demands it.

Technical fluency You are comfortable in the detail. You can have an intelligent conversation with an engineer about data models, pipelines, schema design, or system integration without needing translation. You do not write code - but you understand enough to ask the right questions and make informed trade-offs about a data architecture.

Stakeholder influence You build trust quickly with engineering, operations, compliance, and senior leaders - including stakeholders who report through different parts of the organization. You can align diverse groups around a shared direction without formal authority, taking their advice seriously without being gated by it. You are comfortable pushing back when the evidence supports a different view.

AI-era mindset You actively look for opportunities to use AI and automation to replace manual checks, automate validation and reconciliation, and make fund data observable and self-monitoring. You understand that the role of a PM in an AI-first product team is evolving - and you are ahead of that curve.

Communication You write clearly and concisely. Your user stories are specific. Your product briefs do not leave room for ambiguity. Your reasoning is defensible by construction, and your stakeholder updates are direct and evidence-based.

What great looks like in this role

• Fund management processes that get better day by day, removing frictions and improving the experience

• A daily NAV that is correct, on time, and defensible - with automated assertions catching issues before anyone else does

• Every fund performance number - returns, attribution, peers, AUM and flows - computed from one canonical surface and reconciled to source

• A single book of record for funds that replaces the patchwork of spreadsheets and parallel analytics tools

• Governed schemas that answer the business's real questions - like where AUM is actually calculated - instead of leaving consumers to compute against raw data

• An engineering and data squad that knows exactly what to build next, and why

Our work philosophy is a hybrid model allowing for flexibility and collaboration.