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VP Product Mgmt

About the Business:

LexisNexis Risk Solutions is the essential partner in the assessment of risk. Within our Government vertical, our solutions assist government agencies and law enforcement to drive insights from complex data sets, improving operation efficiency, increasing program integrity, discovering, and recovering revenue, and making timely and informed decisions to enhance investigations. You can learn more about LexisNexis Risk at the link below. https://risk.lexisnexis.com/government

About the Role:

The VP Product Management will be responsible for overall product portfolio strategy and execution, be responsible for embedding product management excellence in their organization and be a role model for developing strong relationships with key partners including technology and market, serve as a thought leader for the company and have the ability to sway decisions of senior executives. This individual will also have direct management responsibility for product managers and managers of product managers.

Responsibilities:

  • Establishes long term, robust customer relationships and engagement plans with customers, to ensure all team leaders and product managers have customer communication processes in place

  • Is heavily involved in the industry and is aware of, and remains knowledgeable, on information pertaining to market, competitive products, industry data, as well as cutting edge technology for best product use

  • Adapts the product strategy as needed based on market changes

  • Makes significant contributions to decisions around release schedules, release approvals, customer impact, and data-driven processes for the Government Market

  • Ensures alignment with all groups around the key KPIs to be achieved with products and internal processes

  • Works collaboratively with all necessary stakeholders to develop a clear and compelling go-to-market strategy, messaging, positioning and themes for a sizeable product suite

  • Defines, leads and adapts a go-to-market vision for the product portfolio to meet or exceed revenue goals in alignment with the market strategy to succeed in current and future market conditions

  • Ensures coordinated execution and communication of the product strategy and deliverables across relevant stakeholder groups

  • Is the critical driver or owner of the production lifecycle, strategy and business cases

  • Oversees innovation that represent significant contributions to the product suite

  • Works with team and other groups to improve broader product communication and education processes for the company

  • Demonstrates a deep understanding of the political, economic and environmental context in which the market operates and links this to the portfolio strategy

CAPABILITIES

Customer Focus

  • Identifies best practices and techniques relative to customer insight from outside of the organization and drives adoption

  • Able to lead and prioritize the voice of the customer both internally and externally and offers thought leadership within the industry

  • Draws insights on convergence over the long-term across trends in other industries and interpret how these may impact customers

Data Driven Decisioning & Analysis

  • Is an expert or advocate at customer analytics with the ability to identify the right data for making decisions and to analyze the relative value of alternative approaches

  • Is capable of driving an organizational culture of hypothesis-testing and data-driven decision making

Go to Market & Product Marketing Lifecycle

  • Is an expert at applying learning from past market launch activities to improve product GTM strategies and launch plans

  • Is adept at innovating on new approaches and tools to improve effectiveness of GTM strategy and launch

  • Is skillful at developing portfolio level messaging, positioning, and themes that deliver a clear and compelling product narrative

  • Able to provide thought leadership and product evangelism internally and externally

  • Is recognized as an expert, coach and mentor for other less experienced members of go-to-market team

Product Delivery & Development Lifecycle

  • Expert in product development and current methodologies such as Agile methodologies in the build processes recognized company-wide

  • Is very familiar with leading processes outside of the company and can internalize knowledge from external communities for the organization

  • Able to create and orchestrate a product portfolio (platform/ecosystem) and effectively communicate same

Strategy & Commercial Acumen

  • Is adept at identifying longer-term trends by leveraging data, typically operating on a 12-24-month planning horizon

  • Is skilled at devising penetration and protection strategies to maintain a strong competitive position into the future

  • Able to demonstrate excellence at driving portfolio plans to take advantage of potential commercial opportunities

  • Is an expert at evangelizing and providing clarity of product strategy, vision and culture to the organization

  • Is proficient at drafting business and product terms included in contracts and support agreements

  • Is an expert in the assistance of, or modification, of business or pricing models across the portfolio with clear communication relative to direct/indirect product costs to build

  • Able to identify new products that generate a significant revenue stream for the company

Technical Skills

  • Able to apply expertise in the product domain in serving as a technical resource for other groups

  • Is knowledgeable about new emerging technologies and those of our competitors, including artificial Intelligence and its best practices including implementation and uses both internal and external 

  • Able to understand technology trade-offs made in the product, at a high level

  • Is knowledgeable of the relationship between the company platform and technology​​​​​​​

  • Defines and leads a product portfolio vision, clearly articulating the goals across all relevant stakeholder groups, including Technology, Data, and Networking teams

  • Contributes to strategic decisions around the company platform and technology

Requirements:

  • Preferred Academic Background*: bachelor’s or master’s degree

  • Relevant Experience: 15+ years in Product Management

  • US Citizenship required

  • Physical and/or logical access to criminal justice information is an essential function of this role. The successful candidate will be required to pass both the standard company background check for all employees and an enhanced criminal background check conducted by the Company’s state and local law enforcement partners conducted in compliance with the FBI’s Criminal Justice Information System (“CJIS”) security policy. Employees in this role may also be subject to ongoing criminal background checks as required by the Company’s state and local law enforcement partners. Candidates and/or employees who are not certified by state and local law enforcement to access criminal justice information will not be able to perform the essential functions of this role. Employees who subsequently fail to obtain or maintain CJIS compliance may be reassigned or terminated.

Working for you:

We know that your wellbeing and happiness are key to a long and successful career. These are some of the benefits we are delighted to offer:

  • Health Benefits: Comprehensive, multi-carrier program for medical, dental and vision benefits

  • Retirement Benefits: 401(k) with match and an Employee Share Purchase Plan

  • Wellbeing: Wellness platform with incentives, Headspace app subscription, Employee Assistance and Time-off Programs

  • Short-and-Long Term Disability, Life and Accidental Death Insurance, Critical Illness, and Hospital Indemnity

  • Family Benefits, including bonding and family care leaves, adoption and surrogacy benefits

  • Health Savings, Health Care, Dependent Care and Commuter Spending Accounts

  • In addition to annual Paid Time Off, we offer up to two days of paid leave each to participate in Employee Resource Groups and to volunteer with your charity of choice

  • Learn more about the LexisNexis Risk team and how we work

At LexisNexis Risk Solutions, having diverse employees with different perspectives is key to creating innovative new products for our global customers. We have 30 diversity employee networks globally and prioritize inclusive leadership and equitable processes as part of our culture. Our aim is for every employee to be the best version of themselves. We would actively welcome applications from candidates of diverse backgrounds and underrepresented groups. 

We are an equal opportunity employer: qualified applicants are considered for and treated during employment without regard to race, color, creed, religion, sex, national origin, citizenship status, disability status, protected veteran status, age, marital status, sexual orientation, gender identity, genetic information, or any other characteristic protected by law. We are committed to providing a fair and accessible hiring process. If you have a disability or other need that requires accommodation or adjustment, please let us know by completing our Applicant Request Support Form: https://forms.office.com/r/eVgFxjLmAK , or please contact 1-855-833-5120.

Please read our Candidate Privacy Policy.

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What You Should Know About VP Product Mgmt, RELX

At LexisNexis Risk Solutions, we're on the lookout for a talented VP of Product Management to join our dynamic Virginia team. If you're passionate about product strategy and innovation and want to take charge of a robust product portfolio, this role is for you! As our VP of Product Management, you'll lead the execution of our product strategy and foster collaboration across various departments, ensuring our solutions provide the utmost value to government agencies and law enforcement. You will play an essential part in maintaining customer relations and driving decisions that influence our product roadmap. Your ability to adapt to market changes and leverage data for informed decisions will be key to enhancing our product suite, ultimately leading to improved operational efficiency and integrity. You'll have the opportunity to mentor and guide other product managers while also being a thought leader and advocate for cutting-edge technologies. At LexisNexis, we believe in providing our team with strong support, great benefits, and a culture that nurtures innovation. Come and make an impact in the world of risk assessment with us!

Frequently Asked Questions (FAQs) for VP Product Mgmt Role at RELX
What are the responsibilities of the VP Product Management at LexisNexis Risk Solutions?

The VP Product Management at LexisNexis Risk Solutions will be responsible for overseeing the overall product portfolio strategy and execution. This includes establishing long-term relationships with customers, adapting product strategies based on market changes, overseeing innovation, and ensuring cohesive communication of the product strategy across all relevant stakeholders.

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What qualifications are required for the VP Product Management role at LexisNexis Risk Solutions?

Candidates for the VP Product Management position at LexisNexis Risk Solutions should have a preferred academic background in either a Bachelor's or Master's degree paired with at least 15 years of relevant experience in product management. Additionally, U.S. citizenship is required due to the nature of the work involving access to criminal justice information.

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How does the VP Product Management at LexisNexis Risk Solutions enhance customer relationships?

The VP Product Management enhances customer relationships by establishing engagement plans, ensuring effective communication processes in place for the product managers, and by adopting best practices for customer insights, both internally and externally. This person will focus on the voice of the customer to continuously improve product offerings.

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What skills are essential for a successful VP Product Management at LexisNexis Risk Solutions?

Essential skills for the VP Product Management role at LexisNexis Risk Solutions include superior analytical skills, expertise in data-driven decision-making, strong communication and mentorship abilities, proficiency in product development methodologies like Agile, and a deep understanding of both current and emerging technologies relevant to the product portfolio.

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What benefits does LexisNexis Risk Solutions offer to its employees?

LexisNexis Risk Solutions offers a wide range of benefits including comprehensive health insurance, a 401(k) retirement plan with matching contributions, wellness programs, paid time off, family support benefits, and an inclusive work culture that promotes diversity and well-being for all employees.

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Common Interview Questions for VP Product Mgmt
Can you describe a successful product launch you've managed?

In answering this, detail not only the product itself but the strategy you devised for its launch. Highlight the market research conducted, the collaboration with different teams, and what metrics were used to measure success post-launch.

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How do you prioritize product features based on customer feedback?

Discuss your experience with gathering and analyzing user feedback and how you translate those insights into actionable product features. Emphasize your data-driven decision-making process utilizing tools and metrics to guide your priorities.

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Tell us about a time you had to pivot a product strategy quickly. What steps did you take?

Be specific about the circumstances that required the pivot. Explain how you evaluated the market changes, the involvement of stakeholders in the new strategy, and the eventual outcome. Highlight agility and leadership in your response.

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What role does analytics play in your product management approach?

Explain the importance of analytics in driving product decisions, from performance metrics to user engagement. Discuss specific analytics tools you’ve utilized, and how you've harnessed data to influence product development.

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How would you ensure interdepartmental collaboration in product development?

Emphasize your communication skills and strategies for creating synergy between teams such as marketing, sales, and technology. You might reference previous projects where you successfully facilitated collaboration for optimal product outcomes.

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What new technologies are you most excited about in product management?

Share your insights into emerging technologies such as AI, machine learning, or data analytics platforms and how they could impact product strategy. Mention how you stay informed about these trends and your thoughts on their application.

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Can you provide an example of how you've driven a culture of data-driven decision-making in your team?

Illustrate how you fostered an environment where analytics guided decisions. You might include training initiatives or specific success stories to highlight your leadership in instilling this culture.

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How do you handle conflicts or disagreements within product teams?

Explain your strategies for conflict resolution such as encouraging open communication, focusing on common goals, and using data to guide discussions. Provide an example that shows your effectiveness in resolving conflicts.

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What strategies do you use to stay competitive in the market?

Discuss your proactive approach to market analysis, customer insight gathering, and technology scouting. Include how you adapt strategies based on competitor actions and market shifts.

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What makes a product truly successful in your view?

Share your philosophy regarding product success, which might include customer satisfaction, meeting business goals, and adaptability in evolving markets. Discuss how you evaluate product success through KPIs and other metrics.

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