Private Markets Product Development Lead – Private Equity, AVP

STATE STREET CORPORATION; New York (NY); On-site; USD 80,000 - 133,000; Full time

Job summary

An established industry player is seeking a skilled business analyst to enhance their Private Equity product offerings. This role involves leading development programs, collaborating across teams, and ensuring compliance with best practices. The successful candidate will leverage their strong analytic skills and project management experience to support product development initiatives. This is a fantastic opportunity to contribute to a dynamic team focused on innovation in the financial services sector, with a commitment to delivering exceptional client experiences and driving market growth.

Qualifications

• 7+ years in investment operations, project management, or business analysis.
• Strong understanding of asset servicing products and operations.
• Experience in agile environments is preferred.

Responsibilities

• Lead execution of Private Equity development programs and manage development plans.
• Facilitate program governance and compliance with policies.
• Collaborate with teams to improve capabilities and serve clients.

Skills

Analytic Skills

Project Management

Communication Skills

Asset Servicing Knowledge

Agile Development Experience

Data Gathering Skills

Process Transformation Skills

Job description

State Street’s is making a multi-year strategic investment in Private Markets and the Alternatives Product organization is looking for a business analyst with experience in Private Markets to support the development of new products for Private Equity clients. This role will report to the Private Equity Product Development Manager responsible for product development of Private Equity related capabilities, services and technology. The product offering includes front-office technology, traditional middle and back-office asset and fund administration, and transfer agency. The individual plays a key role in helping with the execution and roll-out of our product development program for Private Equity; and will work across our client facing, product, global delivery (operations), technology and Alpha teams. The role will have a voice in our overall private markets product and in helping to strengthen State Street’s position in the industry.

As part of our Private Equity Product Development team, the role will specifically work at the direction of the Product Development Manager, helping to create our development plans, manage development programs, coordinate requirements gathering, translating and participating in the agile development process, testing and roll-out of capabilities. The product and capabilities development work are expected to align with increasing our market share, closing product gaps to support client retention, client growth, and enhancing client experience.

The successful candidate must be highly organized, possess strong analytic skills, ability to operate independently, good communication skills and an ability to move seamlessly between multiple projects/implementations with changing client requirements. The role will include executing development work for clients specific implementations and as part of the broader private markets offering with all clients.

The role requires willingness to learn, collaborate across different operational and technology teams, perform analysis, develop business requirements (epics and stories) and operate as a product owner within an agile development process. Experience with Private Investments and asset servicing is preferred.

Responsibilities

• Lead and/or perform the execution of specified Private Equity development programs, including partnering with other members of the client facing, product, global delivery (operations) and technology teams.

• Help create assigned development plans, manage development execution, coordinate requirements gathering, translating and participating in the agile development process, testing and roll-out of capabilities

• 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 assigned role for agile development programs including organizing program, status tracking, execution status meetings, issue escalation/resolution, and communicating status to internal and external stakeholders.

• Participate in development of transition plan to migrate new capabilities into our operating model; and addressing the administrative aspects of establishing the product or service offering

• Develop a deep understanding of the current technology and operating models within State Street supporting and affecting Private Equity clients. This knowledge will increase your ability to create effective plans and execution of development.

• Collaborate with other teams to share approaches, develop best practices and improve the teams' capabilities to successfully execute and deliver new capabilities or better serve clients.

• Support annual product assessment, planning and funding prioritization activities as requested by Manager.

• Support development of the Private Equity Product roadmap as directed by Manager.

Skills

• Demonstrate strong understanding of asset servicing product and operational background or experience

• Subject matter knowledge across Asset Servicing and Private Markets, specifically Private Equity and Alternative Fund Investments a plus

• Highly organized, strong analytic skills, ability to operate independently and to move seamlessly between multiple projects/implementations with changing client requirements.

• Strong communication and interpersonal skills, written and oral.

• Demonstrate strong project management and process transformation skills.

• Ability to organize, prioritize, balance multiple tasks and manage time effectively.

• Ability to facilitate project working groups, strong data gathering skills and requirements writing (epics and stories).

• Ability to demonstrate flexibility and successfully navigate changes in requirements / client feedback

Experience

• Minimum of 7 years of experience in investment operations, project management, client implementation and/or business analysis.

• Knowledge of products and processes related to the financial services industry would be an advantage

• Experience with business analysis in an agile environment is strongly preferred

Salary Range:

$80,000 - $132,500 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.

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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