VP, Product Development & Innovation, Sotheby's Financial Services

ABOUT SOTHEBY'S Established in 1744, Sotheby’s promotes access and ownership of exceptional art and luxury objects through auctions, private sales and retail. Our deep expertise across 70 selling categories is supported by a leading technology platform and a global network of specialists spanning 40 countries. Selling categories include Contemporary Art, Modern and Impressionist Art, Old Masters, Chinese Works of Art, Jewelry, Watches, Wine and Spirits and Design, as well as collectible cars and real estate through RM Sotheby’s and Concierge. Sotheby’s Financial Services is a leading art lender and provides capital solutions for collectors around the world, having originated more than $12 billion in loans since its inception. Sotheby’s new global headquarters is now open at the iconic Breuer building at 945 Madison Avenue in New York City. ABOUT SOTHEBY’S FINANCIAL SERVICES Sotheby’s Financial Services, the only full-service art financing company, enables clients to unlock the liquidity in their fine art and collectible assets through technology and innovation. With the spirit of a fintech startup, the stability of a large established organization, and its position at the center of the art ecosystem, the SFS team unites around the goal of leading the future of art financial services. We have a bold and exciting journey ahead, and we can't wait to make it happen together. THE ROLE Sotheby's Financial Services (SFS) is seeking a business-minded, entrepreneurial, and strategic Vice President, Product Development & Innovation to lead the development and successful delivery of innovative financial solutions for collectors and clients across the global art market. Reporting to SFS senior leadership, this individual will build new financial offerings from concept through commercialization, expanding SFS's capabilities while supporting sustainable growth. Working across business, finance, legal, operations, technology, credit and risk functions, this individual will translate market opportunities into scalable, economically sound products that balance client experience, commercial performance, operational execution, and regulatory requirements. This position is based in New York City. RESPONSIBILITIES Lead the strategic roadmap and end-to-end development of new and existing lending and financial products, from opportunity identification and business case development through launch, optimization, and lifecycle management. Develop business cases, financial models, and product performance metrics to support investment decisions. Design scalable product frameworks that define structure, pricing, underwriting standards, servicing requirements, governance, and risk controls while balancing client value, profitability, competitive positioning, and risk-adjusted returns. Drive execution across the full product development lifecycle, leading cross-functional teams across business, finance, legal, technology, operations, credit, and risk to resolve issues, manage dependencies, and deliver successful product launches, commercialization strategies, and scalable operating models. Identify and assess industry trends, competitive offerings, regulatory developments, and client needs to identify opportunities for product innovation and differentiation. Establish governance and reporting frameworks to monitor product performance, measure outcomes, and identify opportunities for enhancement. IDEAL EXPERIENCE & COMPETENCIES 10+ years of experience in financial services, with significant experience in lending, specialty finance, product management, structured finance, or financial product development. Demonstrated experience building financial products from concept through implementation and commercialization. Strong understanding of financial product economics, pricing methodologies, profitability analysis, capital allocation, and risk-adjusted return frameworks. Strong understanding of credit risk, underwriting, pricing, collateralized lending, and por…