Alternatives Business Solutions – Private Equity, Managing Director

State Street • Quincy, MA

10d

About The Position

State Street is seeking a Managing Director to lead Private Equity Business Solutions and Platform Strategy within Alternatives. This executive leadership role will be responsible for defining and executing the strategic vision for the Private Equity servicing platform, with a particular focus on Investran and the broader ecosystem of applications, workflows, integrations, controls, and operating model components that support the Alternatives business. The successful candidate will serve as the primary business leader responsible for aligning technology capabilities, operational processes, data strategy, and client requirements to create a scalable, efficient, and modern Private Equity servicing platform. This individual will partner closely with Global Delivery, Technology, Product, Operations, Data Strategy, and Client Service teams to drive platform modernization, improve operational resiliency, and establish best practices across the Private Equity organization.

Requirements

• Bachelor's degree in Finance, Accounting, Information Systems, Business Administration, or related field.
• 15+ years of experience in Alternatives, Asset Servicing, Private Equity, Fund Administration, Financial Technology, or related disciplines.
• Significant leadership experience overseeing technology strategy, business transformation, or enterprise platform modernization.
• Demonstrated expertise in Private Markets operating models and large-scale technology implementations.
• Proven ability to lead global, cross-functional teams in complex and highly regulated environments.

Nice To Haves

• Advanced degree preferred.

Responsibilities

• Define and maintain the strategic roadmap for the Private Equity technology platform with Investran serving as a foundational component of the operating model.
• Lead multi-year modernization initiatives focused on application rationalization, automation, workflow digitization, data quality, and platform integration.
• Establish a future-state operating model that supports scalability, process standardization, and operational excellence across Private Equity servicing functions.
• Drive the evaluation, prioritization, and execution of strategic business initiatives impacting accounting, investor services, allocations, reporting, workflow management, and data management capabilities.
• Partner with Technology and Product teams to align investment priorities with business objectives and client requirements.
• Act as the senior business owner and subject matter leader for Investran strategy, governance, and adoption across Private Equity operations.
• Establish platform standards, governance frameworks, and operating procedures to ensure consistent utilization across regions and service teams.
• Drive enhancements, integrations, controls, and automation opportunities surrounding Investran and supporting applications.
• Lead business readiness activities for major platform upgrades, releases, conversions, and new functionality deployments.
• Partner with operational teams to identify opportunities to reduce manual processing, improve data lineage, and increase straight-through processing.
• Provide executive oversight for Private Equity platform stability, service delivery effectiveness in collaboration with production support.
• Establish proactive monitoring, issue management, escalation, and root cause analysis procedures to improve platform resiliency.
• Collaborate with service delivery, operations, and technology teams to analyze production incidents and work to resolve recurring operational challenges.
• Develop service metrics and operational reporting that provide transparency into platform health, risk exposure, and performance against objectives.
• Champion continuous improvement initiatives that strengthen controls, reduce operational risk, and improve user experience.
• Establish and maintain a Private Equity Model Office function focused on process optimization, controls, operational governance, and standardization.
• Develop best practice frameworks for accounting operations, investor services, workflows, controls, onboarding, reconciliations, and reporting.

Benefits

• 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
• eligibility for certain tax advantaged savings plans
• inclusive development opportunities
• flexible work-life support
• paid volunteer days
• vibrant employee networks

What This Job Offers

• Job Type: Full-time
• Career Level: Executive