Product Lead - Money Market Funds

The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers. Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.

Your career with us should reflect your energy and passion. That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience. Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities. For our business, for clients, and for you

We are seeking a senior Product Lead to own the strategy, governance, and commercialisation of Apex’s Money Market Fund (MMF) product offering. The role requires deep expertise in MMF regulation, transfer agency operations, and fund administration, and will serve as Apex’s primary subject matter authority on MMF products. The successful candidate will work across Operations, Compliance, Sales, and Client Services to ensure Apex’s MMF proposition is market-leading and commercially compelling.

Key Responsibilities

Product Strategy & Governance

• Define and own the MMF product roadmap, covering fund structures (VNAV, CNAV, LVNAV), share classes, and distribution models.
• Lead product governance including product approval, lifecycle management, and ongoing regulatory compliance across ESMA, SEC, FCA, and CBI frameworks.
• Monitor MMF regulatory developments and translate requirements into product and operational change programmes.

Transfer Agency & Fund Operations

• Define the Target Operating Model for TA services supporting MMFs, covering subscription/redemption processing, same-day settlement, yield distribution, and investor reporting.
• Partner with Fund Administration teams to ensure NAV calculation, fund accounting, and reporting meet MMF-specific standards.
• Drive continuous service improvement to enhance operational resilience and SLA performance across MMF mandates.

Commercialisation & Business Development

• Provide MMF product expertise during client pitches, RFP responses, and due diligence processes.
• Identify cross-selling opportunities across Apex’s integrated fund services suite including depositary, regulatory reporting, and ESG services.
• Contribute to competitive pricing strategy, commercial modelling, and revenue growth initiatives.

Market Analysis & Client Management

• Maintain deep knowledge of global MMF market dynamics, regulatory trends, ESG/sustainable MMF developments, and competitor positioning.
• Act as primary client escalation point for MMF product and operational matters; lead onboarding and implementation for new mandates.
• Produce market insight and thought leadership materials for internal and external audiences; represent Apex at industry forums.

Requirements

• Bachelor’s degree in Finance, Accounting or related discipline; CFA, CAIA, ACCA or equivalent qualification advantageous.
• Minimum 8–10 years in asset management or fund services, with significant and demonstrable exposure to Money Market Funds.
• Proven experience in a product management, product strategy, or product governance role within fund administration, transfer agency, or asset management.
• Deep knowledge of MMF structures (VNAV, CNAV, LVNAV) and applicable regulatory frameworks including ESMA MMF Regulation, SEC Rule 2a-7, and IMMFA standards.
• Strong understanding of Transfer Agency operations: AML/KYC onboarding, subscription/redemption workflows, shareholder reporting, and NAV-related processes.
• Proven ability to define and implement Target Operating Models in a fund services environment.
• Excellent stakeholder management, communication, and commercial skills; ability to engage credibly at senior levels with clients and internal leadership.
• Self-starter with a collaborative mindset and the ability to drive change across complex, multi-jurisdictional organisations.

What We Offer

• Senior, high-visibility role with direct influence over Apex’s strategic fund product direction.
• Competitive compensation package aligned with experience and expertise.
• Professional development, exposure to regulatory change, and emerging fund structures across multiple jurisdictions.
• International collaboration across asset classes, business lines, and global client relationships.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.

About Apex Group

We are dedicated to driving positive change in financial services while fuelling the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the asset serving industry through our investment in innovation and talent. Today, we set the pace in asset servicing and stand out for our unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.

We’re a people-powered business, and our people are full of ambition. Together, we’re inspired to lead the new era of data and tech enabled service. Bringing new products and services to market. Sharpening our client focus. Disrupting the market to exceed expectations. Innovating across a range of specialisms. With our focus on making a difference to our people, our planet and our society, you’ll experience more here than you would at most other companies. Prepare to accelerate.

We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster.

Positive change starts with you. We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster.

The journey is yours to own. When you stretch yourself, you grow. We want you to explore ways of working that will see you thrive as part of something bigger. We’ll help you with a solid structure, challenging projects, vibrant networks, supportive colleagues and approachable leaders. All the things you need to own your unique journey.

Find out more about us