Product & Strategic Lead - Cash Services, MD - State Street Alpha

State Street•Boston, MA

12d•$170,000 - $267,500•Onsite

About The Position

The Alpha Head of Cash Service Product Development and Strategy, Managing Director role is responsible for the vision for the evolution of the Alpha Cash Services product suite. This leader will focus on driving the product development strategy and oversight of cash product enablement. This global business lead is responsible for managing an effective business across senior leadership within Global Delivery, Global Sales, Global Client Management, Alpha organizations, and our technology partners.

Requirements

An ability to be a leader within their team, as well as be a leader amongst your peers
Ability and willingness to collaborate with various stakeholders
Possess deep Alpha and middle office operating model knowledge and have an understanding of present and future market trends.
Extensive experience with the front, middle and/or back office processing
Superb communicator with all varieties of clients and internal staff of all experience levels including senior stakeholders and leaders inside and outside the business.
Ability to influence others, drive large strategic initiatives, and effect change.
Proven record of setting and delivering strategic change and increasing efficiency globally.
Excellent communication skills with an ability to switch seamlessly from strategic thinking to detailed analysis depending on subject and audience.
Ability to effectively communicate with all levels across the organization.
Appreciation of cultural differences globally.
Risk excellence and owners mindset.
Adept at managing multiple projects/initiatives (strong attention to detail and the ability to handle several tasks simultaneously)
Great team skills, but must be a self-starter, have ability to work under pressure, and must be able to demonstrate excellent multi-tasking skills
Great liaison skills with customers and all levels of internal staff.
Proven people manager
A natural leader and motivator.
15+ years in financial services, either in front office, middle office, capital markets, trading, operations and/or client service
Proven change management abilities delivering successful outcomes on transformation initiatives
Significant understanding of Alpha Enterprise
Experience in developing, implementing Alpha and/or relative middle office services
Proven track record in driving innovative products from ideation through design and development (preferably within large, complex organizations), inclusive of commercial considerations
Experience working with asset management, asset owner, insurance company clients
Excellent presentation, communications, collaboration and influencing skills
Proven ability to build relationships with internal and external partners and stakeholders

Nice To Haves

MBA and/or CFA are a plus

Responsibilities

Own end-to-end product ownership of the Cash Services portfolio, with accountability for product vision, strategy, roadmap execution, adoption, and measurable business outcomes.
Drive a decisive shift from implementation-led solutioning to product-centric thinking, embedding full product lifecycle ownership and long-term value creation across Cash Services.
Define, maintain, and govern the Cash Services product roadmap, ensuring prioritization is driven by client value, scalability, and strategic impact rather than client-specific delivery demands.
Provide executive leadership and oversight of the Cash Product Optimization organization, ensuring the team operates as a true product development function focused on feature design, roadmap execution, scalability, and reuse.
Partner with Global Implementation and Global Delivery leadership to ensure alignment on roles, responsibility and operating guardrails across our internal organization to collectively drive success.
Lead a team of experienced Product Owners to ensure disciplined backlog management, prioritization, and agile execution, with accountability for roadmap delivery and business outcomes.
Embed a customer-centric product discipline across all product artifacts, documentation, and publications to support adoption and reduce reliance on reactive triage.
Define and operationalize product success metrics, shifting focus from delivery-based measures to adoption, engagement, ROI, and long-term outcomes.
Serve as senior decision authority for complex or cross-cutting cash use cases, ensuring product-aligned and scalable solutions.
Partner with Sales, Solutions, and Client Management teams to support growth and commercialization while reinforcing standard product capabilities.
Lead cross-functional collaboration across technology, architecture, operations, risk, compliance, and implementation.
Own organizational planning, capacity strategy, and budget oversight for Cash Product Development and Optimization.

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