Alternative Investments Data Solutions, Managing Director

State Street; Clifton (NJ); On-site; USD 170,000 - 253,000; Full time

Benefits offered by this job

401K with company match

Medical, dental, vision insurance

Paid time off including vacation and 

Employee Assistance Program

Performance-based incentive

Tax-advantaged savings plans

Job summary

State Street seeks a Managing Director to lead the Alternatives Data Solutions program, shaping data design, governance and analytics for the Alternatives unit. You will drive client-focused data initiatives and operate across a broad stakeholder base to deliver measurable improvements.

The role requires senior leadership, a deep finance data background and a track record delivering complex data programs in a global bank setting.

Qualifications

• 15+ years of experience in data design and governance within the finance industry.
• Strong leadership, strategy delivery, and change-management capabilities.
• Proven ability to manage a data-delivery team and drive complex programs.

Responsibilities

• Own and improve production data governance and controls across the data supply chain.
• Lead Run the Bank and Change the Bank initiatives to deploy authoritative data sets and operating models.
• Establish and monitor KPIs; continuously optimize data processes for efficiency.
• Develop internal talent and resources for long-term capability.

Skills

Data architecture

Data governance

Leadership

Change management

Project management

Communication

Analytical skills

Collaboration

Education

15+ years in data design/management in finance

Job description

Who We Are Looking For

The Managing Director, Alternatives Data Solutions, will lead a transformative effort to define, change, and implement data-centric solutions for the Alternatives Investment business unit, aiming to drive operational efficiencies through improved data design and management. This role will significantly contribute to shaping the future of Alternatives Data Solutions for our clients and operation through analytics and data delivery through strategic data management and innovative solutions.

What You Will Be Responsible For

Alternatives Data Strategy

Partner and collaborate with the functional heads across Accounting Operations, Business Unit CFO, Financial Planning and Analysis, Product, Global Delivery and Technology teams to adapt and improve the operations, controls and management of data across alternatives product types.

Global Data Strategy and Collaboration

Continuous partnership and collaboration with key functional teams across Private Markets, Hedge, Custody, Middle Office and the registered product operations to better utilize the data to address client requests/obligations, drive operational efficiencies and management insights.

Alternatives Data Solutions and Functional Support

Responsible for a run-the-bank program while leading the execution of a transformative program on the collection of data to develop new capabilities to drive business outcomes for State Street’s core business.

Run the Bank

Run the Bank responsibilities will include: Own and improve the existing controls and governance of the production data and deliverables as part of the day to day operations. This will also include leading the effort to drive the deployment and adoption of new releases.

Change the Bank

Change the Bank responsibilities will include supporting the program to establish, publish and distribute a new authoritative data sets on Alternatives products. Support the establishment of the future state operating models to ensure clear roles and responsibilities along the data supply chain and implementation of the necessary controls and exceptions handling processes

Additional Responsibilities

• Continuously champion the Data Strategy for Alternatives and align with the enterprise data strategy.
• Foster a collaborative culture promoting data-driven decision-making
• Establish KPIs to measure the effectiveness of implemented solutions. Continuously monitor and optimize data processes for efficiency gains
• Development of internal talent and resources

Education & Preferred Qualifications

• 15+ years’ experience in Data Design and Management – demonstrated experience in data architecture design and governance within the finance industry.
• Core competency in Process Re-engineering – Hands on experience in capturing, communicating, redesigning and execution of business processes.
• Team Leadership and Strategy Delivery – strong experience in directly managing a solution delivery team, demonstrating leadership, management, organizational, analytical and problem solving skills using a change and solution delivery mindset.
• Project Management Leadership – Project management experience to deliver a wide program of activities. Ability to drive outcomes in a fast paced environment while collaborating with other large programs and business priorities to deliver desired outcomes
• Communication – strong communication skills and executive presence with the ability to influence business and corporate function partners to execute against planned strategies and timeline. Ability to translate complex data and process concepts into strategic terms fundamental to getting senior management buy-in.
• Collaboration - ability to work across organizations, and influence other groups in driving to achieve common goals bank-wide
• Analytical skills - require both qualitative and quantitative analytical skills

Salary Range

$170,000 - $252,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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Job ID: R-796856