Head of Benchmarks - Alpha Data Services, MD
About The Position
State Street Alpha Data Service (ADS) is the data-as-a-service provider that is the back bone of the Alpha front to back strategy. Combining both technology and service provision to deliver significant data management value to our clients. We're looking for a candidate to lead our Implementation Leads. The team you will be joining is part of a global, cross-divisional group supporting State Street AlphaSM. State Street AlphaSM redefines the common definition of ‘alpha’ 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.
Requirements
- Excellent communication skills across all channels and levels of recipients including team members, colleagues, clients at all levels including C suite.
- Excellent motivational skills and lead by example in all areas.
- Support a culture of commitment, team work and productivity alongside diversity and work life balance.
- Must have experience in Front, Middle and Back Office services.
- Deep experience in the Index and Benchmark Domain – including servicing complex FO use cases for highly customized benchmarks and ETF businesses.
- Extensive experience with Financial Services data domains – Security Reference Master, Positions, Transactions, Cash, Performance, Analytics.
- Must have demonstrated success in Practice/Product management.
- Knowledge of Data Management, Data Governance, Service Catalogue, Data Lineage tools, Operational Dash boards, Process Monitoring tools.
- Working knowledge in Azure cloud platforms and Snowflake.
- Knowledge about internal and external integrations, triage issues and implement/recommend solutions to data problems and anomalies.
- University degree in the field of computer science, data management or other financial services technical field.
- 15+ years in data management, product and market data roles and responsibilities.
Responsibilities
- Management and commercialisation of the Alpha Benchmark Service proposition and client oversight.
- Developing a service model covering all use cases in the Alpha model – to include and not limited to : delivering indexes/benchmarks to CRIMS; ADP; external OMS; Alpha Performance Services and integrations with Alpha RPA product partners – Axioma/MSCI/Factset/BBG Port.
- Lead the engagement with RIMES to: Develop and monitor a strategic product roadmap, Negotiate commercial arrangements – supported by Alpha executives, Manage the RIMES relationship on a day to day basis, Oversee the RIMES delivery of BAU and product development initiatives.
- Assess the need/integration model for working with alternative index sourcing solutions into the Alpha Benchmark services.
- Work closely with Alpha/STT business development partners to ensure practice capabilities are clearly articulated and support business development activities.
- Develop and maintain a client facing commercial terms sheet.
- Stay informed of more general Alpha product changes (eg Alpha EDM) and lead the impact assessment and response to these changes.
- Lead the discussions with Alpha Index Hub Product and set the quarterly/annual development agenda and budget with the AIH Product Lead.
- Actively support key client engagements such as VTAM – to ensure the client successfully converts to Alpha Benchmark services.
- Enforce the utilisation of the Alpha Standard Documentation.
- Work with relevant teams to develop and maintain the ASIS and other relevent practice standards.
- Partner with broader State Street organization to provide solutions in support of any new client requirements that are extension of the standard or in some select cases a client specific bespoke solution.
- Lead the deployment of AI opportunities to the benefit of clients and Alpha servicing teams.
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
- inclusive development opportunities
- flexible work-life support
- paid volunteer days
- vibrant employee networks
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What This Job Offers
Job Type
Full-time
Career Level
Manager
