Product Development, MD

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

Benefits offered by this job

401K match

Paid time off

Volunteer days

Job summary

State Street Corporation is seeking a senior leader to drive the Alternatives product strategy for Private Markets in the US and Real Assets globally. You will oversee roadmap development, coordinate cross-functional teams, and shape the platform, services and capabilities across front-, middle-, and back-office functions.

The role demands deep market understanding, strong relationship-building with clients and senior stakeholders, and the ability to translate strategic plans into executable

Qualifications

• 15+ years of Alternatives experience in back, front and/or middle office.
• Expertise with fund accounting, investor services and data management platforms.
• Strong written and verbal communication with senior leaders at clients and internal teams.
• Experience supporting sales processes, pricing and RFP responses.

Responsibilities

• Define and execute the US Alternatives roadmap and global Real Assets offerings.
• Grow market share by partnering with Sales, Global Delivery, Technology and Alpha teams.
• Lead conception, development and implementation of new products, capabilities or services.
• Support annual planning and funding prioritization activities.

Skills

Product strategy

Agile development

Stakeholder management

Private Markets

Real Assets

Client engagement

Job description

The Alternatives Product organization seeks a qualified leader with strong experience and interest in product solutions for Private Markets in US and Real Assets globally. State Street is making a multi-year strategic investment in Private Markets and as we look to increase our footprint we need a strong manager to work with clients and prospects on new product development and execution and refinement of our multi-year strategy.This role will report to the Global Head of Real Assets and is responsible for defining and executing on the Alternatives roadmap in the region and expansion of our US Private Markets and global Real Assets offering (capabilities, services and platform). The product offering includes front-office technology, traditional middle and back-office asset and fund administration, and transfer agency, including our Alpha for Private Markets strategy. The role is a key voice in our overall private markets product and in helping to strengthen State Street’s position in the industry. 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 and be able to move seamlessly between multiple implementations and changing client requirements. The role will include implementing solutions not only for specific clients, but also as part of the overall Private Markets strategy that will be leveraged across clients.ResponsibilitiesIn collaboration with the Global Head of Real Assets and global Alternatives Product team, build and execute the product strategy for State Street’s Alternatives segment in the region.Grow our Alternatives share of wallet by partnering and solutioning with our sales and segments teams, including supporting RFI/RFP responses and pitch meetings.Understand the firm’s strategic plans, business, process and architecture and apply that knowledge in the solution design and development phases.Assist in creating our technology, services and product strategy including competitive landscape, pricing and go-to market.· Act as subject matter expert for the US Private Markets and global Real Asset products.· Participate and provide thought leadership for the product.Gather and track client feedback/requests and incorporate in product development roadmap.Lead conception, development and implementation of new products, capabilities or services impacting the Private Markets business, including partnering with other members of the Product team, Global Delivery, Technology and the Alpha team.Support annual planning and funding prioritization activities where required.SkillsA combination of proven performance, business acumen, and critical thinking skills.Strong written and verbal communication, influencing and collaboration skills including the ability to effectively present information and respond to questions from senior leaders at State Street, clients and prospects.Experience in supporting sales processes by pricing new business, participating client/prospect presentations and pitch meetings.Demonstrate strong understanding of product development process, agile development and experience with asset servicing for Private Markets is a plus.Excellent project management, analytical and process transformation skills, including experience with agile development processes and tools.Ability to organize, prioritize, balance key tasks and manage time effectively – expectation to lead as well as roll up your sleeves as needed.· Self-motivated professional with the ability to work under pressure to meet deadlines and goalsEducation & Preferred Qualifications· Minimum of 15 years of Alternatives experience in back, front and/or middle office.· Expertise with fund accounting, investor services and data management platforms· Understanding of the Alternatives industry including regulatory requirementsSalary Range:$170,000 - $267,500 AnnualThe 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 StreetAcross 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/careersRead our CEO StatementJob 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.