Associate Director, Product Development

2 weeks ago


Kuala Lumpur, Kuala Lumpur, Malaysia Principal Financial Group Full time $120,000 - $180,000 per year

At Principal, we invest in what matters. And building talented teams is where it all begins. We're drawn to people who bring unique perspectives, passion, and expertise to help us advance the financial security and well-being of our customers, transform our growing business, and drive positive change in the communities where we live and work.

When we invest in you, and you invest in us, great things happen.

We are looking for an Associate Director, Product Development in Malaysia who will support our product development team on product strategy, product development, product management and maintenance and competitor research.

What You'll Do

  • Lead end-to-end setup of new funds, including drafting offering documents, regulatory due diligence, submission to authorities (SC, MAS, Bursa, SGX), and managing regulator communications.
  • Support with shaping long- and short-term product strategies, aligning product platforms and features with customer channels and business goals.
  • Oversee updates and renewals of offering documents (e.g., prospectus, PHS, IM) across jurisdictions, including strategic amendments and regulatory compliance.
  • Evaluate fund viability and lead rationalization initiatives such as closures, terminations, structural changes, and feature enhancements.
  • Conduct ongoing market, peer, and product research and analysis to inform strategy and identify opportunities using tools like Lipper, Morningstar, and Bloomberg.
  • Assist with organizing and managing Product Committee meetings, ensuring alignment with product and business strategies.
  • Continuously develop and refine internal processes to ensure regulatory compliance and operational efficiency.
  • Drive product initiatives from inception to completion, coordinating with internal and external stakeholders to meet timelines and regulatory requirements.
  • Engage with regulators, legal advisors, trustees, Shariah boards, and internal teams across all Principal entities to support product initiatives.
  • Undertake additional responsibilities and special projects as assigned.

Who You Are

  • A bachelor's degree holder in Economics, Business Administration, Finance or other related fields. A master's degree would be an added advantage.
  • Minimum 5 years and above of relevant working experience in product development for Unit Trust products.
  • Able to display knowledge and understanding of asset management industry, investment markets and investment vehicles. Technical knowledge on investment instruments, both conventional and Islamic instruments would be an added advantage
  • Familiar with regulations and guidelines on unit trust fund products in Malaysia and Singapore (preferable). Background in Legal or Compliance would be an added advantage.
  • Creative and innovative in generating product ideas.
  • Strong accountability with the ability to execute projects end-to-end
  • Analytical with good problem-solving skills
  • Effective in presenting and articulating product value propositions
  • Able to work effectively as an individual contributor and as part of a team
  • Meticulous with good attention to detail
  • High level of integrity

Who We Are

Principal Financial Group is a Fortune 500 global leader in financial services focused on insurance, retirement, and asset management. We have 18,000 employees and 51 million customers around the world with over $714B in assets under management.


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