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Investment Product Manager - Mason Street Advisors

Northwestern Mutual
vision insurance, parental leave, 401(k), retirement plan
United States, Wisconsin, Milwaukee
720 E Wisconsin Ave (Show on map)
Aug 04, 2025

At Northwestern Mutual, we believe relationships are built on trust. That our lives and our work matter. These beliefs launched our company over 160 years ago. Today, they're just a few of the reasons why people choose to build careers at Northwestern Mutual.

We're strong and growing. In a company with such a long and storied history, this may be the most exciting and important time to be a part of Northwestern Mutual. We're strong, innovative and growing.

We invest in our people. We provide opportunities for employees to grow themselves, their career and in turn, our business.

We care. We make a positive difference in our communities. Nationally, thousands have benefitted from our support of research and programs to fight childhood cancer. Each year, our Foundation, employees and financial representatives donate time, talent and financial support to causes they're passionate about.

What you will do?

The primary responsibility of this position is to support Mason Street Advisors, the retail investment adviser of Northwestern Mutual, in the governance and administration of the adviser and management of subadvised funds. This new position will work extensively with various business partners within the home office.

  • Lead the execution of Mason Street Advisors' service provider oversight program
  • Support the execution and operation of Mason Street Advisors' governance and recordkeeping
  • Support the ongoing management of and updates to the adviser and mutual fund risk management plans
  • Coordinate reporting to support the administration of Mason Street Advisors' business and improve processes
  • Act as the primary liaison with the organization's risk and controls group regarding such matters as risk management and service provider oversight
  • Support the implementation of new regulatory initiatives
  • Assist with management of subadvisory oversight and reporting
  • Maintain a current understanding of the investment management, mutual fund and subadvisory business
Bring Your Best! What this role needs:
  • Bachelor's degree in business, finance, economics or related field or equivalent experience, with an advanced degree (such as MBA) preferred
  • Generally, five or more years of experience in investment management and/or financial services
  • Experience supporting investment advisers and mutual funds, with subadvisory experience preferred
  • Experience with using technology to enhance business practices, especially reporting
  • Knowledge of legal and compliance matters and the regulatory environment
  • Ability to solve complex problems
  • Ability to work independently
  • Ability to gain consensus and support cross-departmental initiatives
  • Ability to apply thought leadership in maintaining and enhancing the business
  • Strong organizational and follow-through skills, with ability to lead others around deadlines and prioritization of work
  • Strong verbal and written communication skills
  • Strong knowledge of Microsoft Excel, PowerPoint and Word
Benefits:

Great pay package, 401K, Company sponsored retirement plan, educational assistance, Performance based incentive pay, Medical, dental and vision insurance, Parental leave, Caregiver time off....and more

#IN-POST

Compensation Range:

Pay Range - Start:

$84,350.00

Pay Range - End:

$156,650.00

Geographic Specific Pay Structure:

200 - Structure 110: 92,820.00 USD - 172,380.00 USD 200 - Structure 115: 97,020.00 USD - 180,180.00 USD

We believe in fairness and transparency. It's why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you're living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.

Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!

Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.

FIND YOUR FUTURE

We're excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and our commitment to a culture of belonging.


  • Flexible work schedules
  • Concierge service
  • Comprehensive benefits
  • Employee resource groups
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