State Street-posted 3 days ago
Full-time • Mid Level
Onsite • Boston, MA
5,001-10,000 employees

Head of Product Strategy, GlobalLINK, Managing Director will be responsible for working with the business heads to define the global strategy, vision and development priorities for GlobalLINK across FX Connect, Currenex, Fund Connect, TradeNexus, Clear Connect and shared GlobalLINK services. Additional responsibilities will include ownership of the product roadmap for shared services and execution and implementation of the product vision. The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success. Investors are operating in increasingly complex regulatory and financial environments. Access to efficient, comprehensive trading solutions is vital to remaining competitive. Our GlobalLINK suite of award-winning electronic trading solutions deliver increased transparency, improved trading efficiency and quantifiable execution. Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

  • Develop Product Strategy working alongside business heads to meet growth targets and adhere to Corporate Goals
  • Ensure that the business has the right product management structure to operate effectively
  • Drive implementation and tracking of new business opportunities along with the business & product heads
  • Develop and monitor the strategic business plan, vision and technical budgets for the GlobalLINK business unit in line with corporate goals.
  • Possess deep product knowledge and understanding of FX/FI market trends.
  • Drive product innovation to maintain competiveness, client satisfaction and increase market share and generate new revenue streams.
  • Ensure global business revenue, expense and risk excellence targets are met and exceeded.
  • Ensure the development and enhancement of the execution platforms, liquidity management and management information to ensure compliance with highest risk excellence standards and Regulatory compliance.
  • Work closely with Corporate and Control functions.
  • Develop client relationships and industry experts/bodies relationships.
  • Work closely with partners across State Street, including Sector Solutions, across Global Markets including the FX trading desk and GlobalLink internal partners such as technology, client integration, techops and the helpdesk to ensure that product roadmaps are achieved and development risks for our trading platforms are understood and minimized
  • Ensure that your team has clear understanding of their reporting lines, authority levels, scope of responsibilities (including those delegated to them and those they delegate), objectives, training and competency requirements plus progress is reviewed regularly in line with Company policy, and are regulatory registered where appropriate for their role.
  • Develop effective working relationships and communications with staff and ensure that staff are motivated, developed and supported.
  • Establish and monitor systems of control, delegated authority and escalation procedures so that the business complies with internal policies and external regulations and can be managed effectively.
  • Adhere to the delegation and oversight (management information and escalation) framework in the performance of daily tasks.
  • Establish and monitor an effective delegation framework to ensure that tasks are performed by staff members with appropriate capacity and authority level (based on knowledge, skills and competence).
  • Establish and monitor an effective oversight framework to ensure that issues are appropriately identified, escalated and resolved.
  • Establish and nurture a culture of ‘Risk Excellence’ within the team, encourage an environment of openness that welcomes effective challenge and supports open discussion.
  • Ensure you make reasonable decisions by exercising reasonable care when considering information available to you.
  • Establish and nurture a culture of individual ownership of tasks to embed a clear individual sense of accountability into staff members’ behavior in performing their roles.
  • Ensure that the highest level of the Code of Conduct is displayed in your own and staff behavior.
  • Extensive experience in the electronic trading platform space preferably from FX or short-term fixed income sectors.
  • A natural leader
  • Aptitude for, and common-sense approach to problem solving
  • Excellent interpersonal and organizational skills
  • Superb communicator with clients and all levels of internal staff
  • Financial aptitude – ability to formulate, understand and manage budgets
  • Great people managerial skills
  • Ability to drive through key initiatives
  • First class product knowledge and understanding of the GlobalLINK business.
  • Proven record of setting and delivering strategic change and increasing efficiency globally.
  • Ability to work across business unit to create strategy presentations for senior management
  • Influencing skills - ability to communicate effectively with senior stakeholders and business leaders inside and outside the business.
  • Commercial acumen - detailed knowledge of the economic drivers of the business and how the business can position itself to take advantage of opportunities and minimize threats to revenue.
  • Ability to install discipline when allocating resources to improve business efficiency.
  • Results orientated - capacity to prioritize, stay on top and quarterback a wide variety of business initiatives internally within the firm and also externally with industry bodies, exchanges, clearing houses and regulators.
  • Often this will require leading from the front and taking the initiative to improve structure, direction and prioritization over the global objective.
  • Effective communication skills with an ability to switch seamlessly from strategic thinking to detailed analysis depending on subject and audience.
  • Appreciation of cultural differences globally.
  • A person who exemplifies risk excellence and owners mindset
  • Adept at managing multiple projects/initiatives (strong attention to detail and the ability to handle several tasks simultaneously
  • Courageously challenge
  • Ability to drive change
  • Great team skills but must be a self-starter and have ability to work under pressure
  • Great liaison skills with customers and all levels of internal staff.
  • Proven people manager
  • Great communicator and motivator.
  • Ability to effectively communicate with all levels across the organization
  • Bachelors or higher in a relevant field
  • 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.
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