Managing Director – Product Management, Fund Accounting & Fund Administration, North America (FAA)

State Street•Quincy, MA

2d•Onsite

About The Position

State Street is seeking a Managing Director, Product Management – Fund Accounting & Fund Administration (FAA) to lead cross‑product product management activities across the Asia Pacific region. This is a senior, client‑facing, commercially focused product leadership role with accountability for product strategy, revenue growth and profitability across fund accounting and fund administration services in North America (U.S., Canada). The role will serve as a bridge between clients, sales, operations, and technology, ensuring FAA products are commercially competitive, operationally scalable, and aligned to State Street’s global strategy. The Managing Director will play a critical role in supporting sales, owning product P&L outcomes, and representing FAA products in senior client and prospect engagements.

Requirements

Senior, client‑facing, commercially focused product leadership role
Accountability for product strategy, revenue growth and profitability across fund accounting and fund administration services in North America (U.S., Canada)
Serve as a bridge between clients, sales, operations, and technology
Ensure FAA products are commercially competitive, operationally scalable, and aligned to State Street’s global strategy
Play a critical role in supporting sales, owning product P&L outcomes, and representing FAA products in senior client and prospect engagements

Nice To Haves

Cross‑product product management activities across the Asia Pacific region

Responsibilities

Own and drive the global and regional product strategy for fund accounting and fund administration across multiple service offerings
Define and maintain clear product value propositions, target client segments, and competitive positioning
Develop and execute multi‑year product roadmaps aligned to State Street’s FAA growth objectives
Balance global standardization with regional customization to meet market‑specific client needs
Lead end‑to‑end product lifecycle management, including: Product vision and strategy, Business case development and investment prioritization, Requirements definition and solution design, Delivery oversight and market readiness, Ongoing performance management and optimization
Partner with operations and technology to ensure products are operationally executable, scalable, and resilient
Drive product simplification, standardization, and rationalization initiatives to improve efficiency and client outcomes
Establish and monitor product KPIs, client adoption metrics, and service performance indicators
Own commercial performance of FAA products, including revenue growth, margin performance, and cost efficiency
Partner with finance and business leadership on pricing strategies, cost models, and profitability analysis
Support investment decisions by clearly articulating return on investment and strategic value
Act as a senior steward of the FAA product portfolio’s financial outcomes
Serve as a senior product representative in client and prospect engagements, including: Strategic client discussions, RFP and proposal support, Solution design and structuring
Partner closely with sales and relationship management teams to: Enable effective product positioning and differentiation, Support deal structuring and commercial negotiations, Translate client needs into product enhancements and roadmap priorities
Represent FAA products at senior client forums, industry events, and internal governance bodies
Act as a key product leader within a global, matrixed organization
Collaborate closely with: Global FAA leadership, Other Regional (EMEA, APAC) Product Leads, Operations, technology, risk, legal, and compliance teams
Provide product leadership input into governance forums, strategic initiatives, and regulatory discussions
Ensure FAA products are designed and delivered in alignment with regulatory, risk, and control frameworks
Partner with legal, compliance, and risk teams to proactively manage regulatory change impacting fund accounting and administration
Ensure product documentation, client disclosures, and operating models meet regulatory and audit expectations

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