Platform Services – Open Architecture Product Strategy - Managing Director

State Street•Boston, MA

12d

About The Position

State Street is seeking a Managing Director for Platform Services – Open Architecture Product Strategy. The role calls for extensive asset management operational experience at an investment manager and/or service provider across multiple disciplines, knowledge of State Street’s architecture and operating model, and experience integrating new products or systems. The successful candidate will lead across teams without relying on hierarchical authority, work in a fast-paced, high-growth environment, and collaborate across geographies. As a Product Strategist, this person will engage with Front, Middle, and Back Office businesses to understand customer needs, assess current capabilities, and recommend solutions for development and implementation. The role is critical to business planning and management within the State Street Product organization. It requires strategic thinking, collaboration, the ability to articulate a vision and roadmap, and clear communication with clients and internal stakeholders. State Street describes its platform as connecting front, middle, and back offices through an open platform that harmonizes data, technology, and services across trusted providers. The role supports this product strategy and the company’s efforts to serve institutional clients across the investment lifecycle. Hiring locations under consideration are Boston, Quincy, and Stamford; Clifton, Princeton, and Berwyn; Sacramento; and London. Travel is required.

Requirements

Extensive asset management operational experience at an investment manager and/or service provider across multiple disciplines.
Understanding of State Street’s architecture and operating model, including identifying opportunities to augment or integrate third-party tools and services.
Demonstrated understanding of and experience integrating new products and/or systems.
Ability to lead others without hierarchical authority and work in a high-growth, fast-paced environment.
Strategic mindset and ability to collaborate, articulate a vision and roadmap, and communicate clearly with clients and internal stakeholders.
Strong understanding of financial markets and investment management processes, including Front, Middle, and Back Office functions.
15+ years of operational and/or technical experience working across leading Front, Middle, and Back Office systems.
Outstanding presentation, oral and written communication, and relationship-building skills across management levels.
Detail-oriented disposition and clear, concise communication skills.
Strong critical-thinking, problem-solving, decision-making, and relationship-management skills.
Proficiency with Excel and PowerPoint.
Willingness and ability to travel.

Nice To Haves

Private Markets experience.
A degree in a financial or analytical discipline, or relevant experience within the financial services industry.

Responsibilities

Engage with Front, Middle, and Back Office businesses to understand customer needs, assess current capabilities, and recommend solutions for development and implementation.
Commercialize products and services, including pricing, articulating value propositions, and supporting sales.
Develop end-to-end solutions spanning Front, Middle, and Back Office functions.
Drive product penetration across bank segments, including Asset Managers, Insurance, Asset Owners, Alternatives, and Markets.
Articulate product vision, design solutions, and assist with implementation.
Write and present business cases supported by appropriate financial and ROI analysis.
Apply understanding of macro growth drivers in financial markets to approaches and recommendations.
Assess the competitive landscape and identify opportunities to differentiate when common technology is used.
Partner with the broader product organization, delivery teams, and client coverage teams.
Lead and bring together teams across organizational levels and disciplines.
Work across multiple geographies and travel as needed.

Benefits

Competitive and comprehensive benefits, which vary by location.
Medical care and insurance coverage, including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
Retirement savings plan (401(k)) with company match.
Paid time off, including vacation, sick leave, short-term disability, and family-care responsibilities.
Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, with exclusions for certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.
Flexible Work Program and work-life support.
Development programs and educational support.
Paid volunteer days.
Matching gift program.
Employee networks.