IT Business Analyst/Product Owner

State Street; Boston (MA); Hybrid; USD 120,000 - 202,500; Full time

Benefits offered by this job

401K with company match

Comprehensive insurance coverage

PTO and family leave

Job summary

State Street is seeking a Senior Technical Product Manager – Secured Finance in Boston to own the product strategy and end‑to‑end roadmap for secured financing products including Repo, Securities Lending, and Collateral Management.

You will collaborate with Front Office, Operations, Risk, Legal, Compliance and Technology to drive product innovation and operational excellence across the trade lifecycle. The role requires deep domain expertise and strong product management discipline.

Qualifications

• 12–14+ years in financial markets with deep expertise in secured financing, repo, securities lending, and/or collateral management.
• Proven experience owning and delivering complex financial products across front, middle, and back office.
• Strong understanding of secured financing market structure, margining, collateral flows, and lifecycle processing.
• Excellent communication, stakeholder management, and executive‑level presentation skills.

Responsibilities

• Own the product vision, strategy, and multi‑year roadmap for secured finance products (e.g., Repo, Reverse Repo, Securities Lending, Collateral Optimization).
• Drive product expansion from concept through implementation, ensuring alignment with business growth objectives, client needs, and market structure evolution.
• Translate business objectives into well‑defined product requirements, epics, and features to enable efficient technology delivery.
• Partner with Risk, Compliance, Legal and Operations to ensure regulatory alignment and control expectations.
• Lead cross‑functional forums to align on scope, sequencing, and delivery trade‑offs.

Skills

Product management

Stakeholder management

Communication

Strategic thinking

Education

Bachelor's degree in Finance/Economics/Engineering

Tools

Securities financing platforms

Job description

Role Summary

The Senior Technical Product Manager – Secured Finance is responsible for defining, delivering, and scaling secured financing products across Repo, Securities Lending, and Collateral Management. This role owns the product strategy and roadmap end‑to‑end, working closely with Front Office, Operations, Risk, Legal, Compliance, and Technology partners to drive product innovation, regulatory alignment, and operational excellence across the full trade lifecycle. The role requires deep domain expertise in secured financing markets, strong product management discipline, and the ability to translate business strategy into executable product and technology outcomes.

Key Responsibilities

Product Strategy & Ownership

• Own the product vision, strategy, and multi‑year roadmap for secured finance products (e.g., Repo, Reverse Repo, Securities Lending, Collateral Optimization).
• Drive product expansion from concept through implementation, ensuring alignment with business growth objectives, client needs, and market structure evolution.
• Define clear product outcomes, success metrics, and prioritization frameworks aligned to business value and risk considerations.

Business & Stakeholder Partnership

• Act as the primary liaison between business stakeholders and technology teams, ensuring requirements are clearly articulated, prioritized, and delivered.
• Partner closely with Trading, Treasury, Operations, Risk, Legal, and Compliance to ensure products meet regulatory, control, and governance expectations.
• Lead cross-functional forums (e.g., working groups, steering committees) to align on scope, sequencing, and delivery trade‑offs.

Delivery & Execution

• Translate business objectives into well‑defined product requirements, epics, and features to enable efficient technology delivery.
• Support agile delivery teams through backlog refinement, dependency management, and release planning.
• Ensure readiness across operations, controls, and client support for all product launches and enhancements.

Risk, Controls & Regulatory Alignment

• Embed risk management, operational resilience, and regulatory compliance into product design and delivery.
• Partner with Risk and Compliance teams to support regulatory initiatives, audits, and control assessments relevant to secured financing products.
• Ensure product designs align with front‑to‑back processing, books and records, and control frameworks.

Market & Client Focus

• Maintain a strong understanding of secured financing market trends, client demands, and competitive offerings.
• Incorporate client feedback and market insights into product enhancements and strategic investment decisions.
• Support client onboarding, product adoption, and commercialization initiatives as needed.

Required Qualifications

• 12–14+ years of experience in financial markets, with deep expertise in secured financing, repo, securities lending, and/or collateral management.
• Demonstrated experience owning and delivering complex financial products across front, middle, and back office.
• Strong understanding of secured financing market structure, margining, collateral flows, and lifecycle processing.
• Proven ability to work effectively across business, technology, and control functions in a global environment.
• Excellent communication, stakeholder management, and executive‑level presentation skills.

Preferred Qualifications

• Experience working with secured finance platforms and vendor solutions (e.g., securities financing or collateral management systems).
• Familiarity with agile / product operating models and scaled delivery frameworks.
• Prior experience supporting regulatory initiatives impacting secured financing or funding businesses.
• Bachelor’s degree in Finance, Economics, Engineering, or a related field; advanced degree a plus.

Work Requirement

• Onsite 4 days a week in office and one day remote
• Standard business hours aligned to project and stakeholder needs(8am to 5pm)

Salary Range

$120,000 - $202,500 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.

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

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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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.