Alternatives Product Business Analyst – Hedge Middle Office– Assistant Vice President

State Street Corporation; Boston (MA); On-site; USD 80,000 - 140,000; Full time

Benefits offered by this job

401K match

Health insurance

Paid time off

Employee Assistance Program

Job summary

State Street Corporation seeks a seasoned leader to oversee alternatives projects, primarily Hedge Middle Office, combining strong asset-class expertise with program management. The role interacts with business, technology and product leadership, requiring excellent communication and organizational skills.

The candidate will guide development programs, ensure governance, and act as product owner or business analyst within Agile teams, collaborating across global units to deliver new capabilities

Qualifications

• Bachelor’s degree in business, accounting or related field.
• 5–8 years within Alternative industry.
• Experience implementing AI process solutions.
• Knowledge of SDLC, Jira, Clarity and other development tools.
• Experience presenting to senior management on status and strategy.

Responsibilities

• Lead/perform execution of alternative development programs focused on Hedge Middle Office.
• Utilize AI for project documentation and business case creation.
• Governance oversight including risks, issues, audits and compliance reporting.
• Serve as product owner or business analyst for Agile programs; manage epics, stories and testing.
• Collaborate globally to share best practices and enhance team capabilities.
• Lead project status meetings and report progress to senior management.
• Apply knowledge of firm strategy, processes and architecture to solution design.

Skills

AI proficiency

Communication

Governance

Agile methods

Presentation skills

Stakeholder management

Data-driven decision making

Education

Bachelor’s degree in business/related field

Tools

Jira

Clarity

SDLC

Job description

The Alternatives Product organization seeks a qualified leader with strong experience and interest in leading alternatives projects for our alternatives product organization, primarily within Hedge Middle Office. The individual must bring strong experience in Alternative Asset Classes and program/project management to manage complex business transformation and technology development. This role will interact directly with key stakeholders across the business, technology and within the product organization, including senior management. The successful candidate must have excellent verbal, written and presentation skills, be highly organized, and have a good understanding of our Alternatives business.

Responsibilities

• Lead and/or perform the execution of specified Alternative development programs, with a focus on Hedge Middle Office, including partnering with other members of the client facing, product, global delivery and technology teams.
• Use latest AI technology to manage project documentation including business case creation, requirements, development plans.
• Facilitate program governance including compliance with policies, best practices, oversight of issues, risks, audit and compliance items in support of program reporting.
• Participate as product owner or business analyst for agile development programs including prioritization, epic & story creation, status tracking, execution status meetings, issue escalation/resolution, testing & implementation.
• Collaborate globally across business units to share approaches, develop best practices and improve the teams capabilities to successfully execute and deliver new capabilities or better serve clients.
• Manage project status meetings, ensuring complete and accurate reporting and updates for senior management and key stakeholders around issues, risks, progress and accomplishments.
• Understand the firm’s strategic plans, business, process and architecture and apply that knowledge in the solution design and development phases.

Skills

• Highly proficient in AI
• Highly organized, strong analytic skills, ability to operate independently and to move seamlessly between multiple projects/implementations with changing client requirements Ability to organize, prioritize, balance key tasks and manage time effectively.
• Demonstrate strong communication skills and the ability to develop and define clear business requirements for various project documentation e.g. use cases, business requirement document.
• Comfortable facilitating working groups and large discussions to ensure common understanding and drive decisions.
• Strong presentation skills to both internal and external stakeholders, including client interaction.
• Ability to evidence facts and back up with data to validate decision making.
• Ability to distil complex information into clear, concise actionable insights for senior management.
• Demonstrate the ‘Risk Excellence’ culture in your behaviour and a high level of Code of Conduct.

Experience

• Bachelor’s degree on business, accounting or related experience.
• Experience in implementing AI process solutions.
• Minimum of 5-8 years within Alternative industry.
• Working knowledge of SDLC, Jira, Clarity and other development related tools.
• Knowledge of or experience leading projects related to the financial services industry is an advantage.
• Experience interacting and presenting to senior management around status and strategy reporting.

Salary Range

Salary Range: $80,000 - $140,000 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.

Benefits

• 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)
• eligibility for certain tax advantaged savings plans

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

About State Street

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.

Equal Opportunity

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.

Job Application Disclosure

Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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