Job Description

The Alternatives Product organization seeks a qualified leader with strong experience and interest in Alternatives product development, including assessing and owning relationships with multiple external technology vendors and how they fit into our overall Alternatives ecosystem as well as interacting with prospects and clients to convey our position. This role is responsible for contributing to the platform choices of our Alternatives offering (capabilities, services and platform). The product offer includes middle and back-office asset fund administration, and transfer agency. The individual plays a key role in building and growing the product offering, and in partnership, with the client facing, product, global delivery (operations), technology and Alpha teams. The role will have a voice in our overall Alternatives product design and capabilities, 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 navigate seamlessly between competing client priorities & complex requirements. This role includes assessing and implementing solutions not only for specific clients, but also as part of the overall Alternatives strategy that will be leveraged across Alternative clients.

Responsibilities

  • Product Development:

    Lead a team of Product Owners/Product Developers in the design, development, testing and implementation of new alternative products.

    Collaborate with cross-functional teams to ensure product viability and market fit.

    Conduct market research to identify trends and opportunities for new products.

    Escalation point for Product Owner team

  • Client Interaction:

    Engage with clients to understand their investment needs and preferences.

    Provide expert advice and solutions to clients regarding alternative investments.

    Build and maintain strong client relationships to drive product adoption.

  • Project Management:

    Oversee the entire product development lifecycle from concept to launch.

    Ensure projects are completed on time, within scope, and within budget.

    Coordinate with internal and external stakeholders to ensure successful product delivery

    Manage key stakeholders and maintain complete and accurate reporting.

    Facilitate program governance including compliance with policies, best practices, oversight of issues, risks, audit and compliance items in support of program reporting and product roadmap.

    • Skills

  • Demonstrate strong understanding of product development process, agile development and experience with asset servicing for Alternatives

  • Demonstrate ability to lead development life cycle, complex projects or client engagements and translating needs to requirements to drive outcomes

  • Demonstrate ability to “go deep” in operational nuances of Alternatives processing; understand and convey complex concepts in a direct and easy to digest manner,

  • Excellent project management, analytical and process transformation skills. Possess the ability to lead as well as roll up your sleeves as needed

  • Strong organization, communication and interpersonal skills, written and oral, including interaction with senior stakeholders.

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

  • Comfortable with facilitating project working groups including internal and external stakeholders.

    • Experience

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

  • Knowledge of or experience leading product development programs/processes related to the financial services industry is an advantage.

  • Experience with designing new solutions by analyzing requirements, studying system capabilities, and writing specifications would be preferred.

  • Investor Relations or Private Credit operations experience would be advantageous.

    • 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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