Platform Services – Open Architecture Product Strategy - Managing Director

State Street; Boston (MA); On-site; USD 170,000 - 268,000; Full time

Job summary

State Street is seeking a Platform Services – Open Architecture Product Strategy Managing Director to lead product strategy across front, middle, and back office. The role focuses on engaging with clients, shaping a scalable platform, and integrating with third-party tools within a fast-paced growth environment.

The successful candidate will bring extensive asset management operations experience, strategic mindset, and proven leadership across geographies to drive the firm’s product capabilities

Qualifications

• Strong understanding of financial markets and investment management processes.
• 15+ years operational and/or technical experience across front, middle, back office systems; Private Markets a plus.
• Willingness and ability to travel.

Responsibilities

• Commercialization of products and services (price, value proposition, sales support).
• Think outside the box to produce end-to-end solutions (Front, Middle, Back).
• Drive penetration into all segments of the bank (Asset Managers, Insurance, Asset Owners, Alts, Markets).
• Articulate the vision, design the solution, and assist as needed to implement it (bring to life).
• Write and present business cases with ROI analysis.
• Understand macro growth drivers in financial markets and apply to strategy and recommendations.
• Assess competitive landscape and identify differentiation opportunities when technology is common.
• Partner with broader product organization as well as delivery and client coverage teams.

Skills

Leadership

Presentation skills

Communication

Relationship management

Strategic mindset

ROI analysis

Education

Finance or analytical discipline

Tools

Excel

PowerPoint

Job description

Job Title

Platform Services – Open Architecture Product Strategy - Managing Director

Job Description

Who we are looking for
Qualified applicants should have extensive asset management operational experience at investment manager and/or service provider across multiple disciplines. Qualified applicant will need to understand State Street architecture and operating model to identify opportunities to augment/integrate with 3rd party tools and/or services. Demonstrated understanding and experience integrating new products and/or systems required. Applicants should be at ease leading others with no hierarchical connection and should also be comfortable working in a high growth business, fast paced environment driving the firms strategy and product capabilities. This position will require working across multiple geographies.

Why this role is important to us
The team you will be joining is a part of a global, cross-divisional team supporting State Street. State Street redefines the common definition of ‘front to back’ to mean powering better performance and outcomes at every point on the investment lifecycle and is the first open platform from a single provider that connects the front, middle and back office. It harmonizes data, technology and services across trusted providers to help our clients better manage their businesses. Join us if making your mark in an ever-changing, increasingly complex and competitive industry is a challenge you are up for.

What you will be responsible for
As a Product Strategist you will be responsible for Front/Middle/Back Office business engagement, understanding the customer’s needs vs our current capabilities and recommending solutions for development and implementation. This role is critical for business planning and management from the State Street Product organization. A successful candidate must have a strategic mindset, ability to collaborate, articulate a vision/roadmap and clearly communicate with clients and internal stakeholders.

• Commercialization of products and services (how to price, articulate value proposition, sales support)
• Think outside the box in producing solutions that work on an end-to-end basis (Front, Middle, Back)
• Drive penetration into all segments of the bank (Asset Managers, Insurance, Asset Owners, Alts, Markets, etc)
• Articulate the vision, design the solution, assist as necessary to implement the solution (bring to life)
• Writing and presenting business cases that are supportable with appropriate financial (ROI) analysis
• Understand the macro growth drivers in financial markets and apply to approach and recommendations
• Understand competitive landscape and identify opportunities to differentiate when common technology is used
• Partner effectively with broader product organization as well as delivery and client coverage teams

What we value

• Leadership and ability to bring together teams across different levels and disciplines within the organization
• Outstanding presentation, communication (oral & written), and relationship building skills across all levels of management. A detail-oriented disposition and clear, concise communication skills.
• Strong critical thinking, problem solving, decision making and relationship management skills
• The Enterprise Culture traits and behaviors – Choose to own it, Break through Silos, Deliver results through integrity, Do Better Every Day, Care for colleagues, clients and community

Education & Preferred Qualifications

• Strong understanding of financial markets and investment management processes, including front, middle, back office functions
• 15+ years operational and/or technical experience working across leading front, middle, back office systems. Private Markets experience a plus
• Degree qualified with a financial or analytical discipline preferred, or relevant experience within the financial services industry
• Proficient with Excel and PowerPoint.
• Willingness and ability to travel.

About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers

Salary Range:

$170,000 - $267,500 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.

Discover more information on jobs at StateStreet.com/careers

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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.