Who we are looking for
The Custody Product organisation is recruiting product managers as member of the Core Product Management Function. The team works within the Product Management organization and alongside Network Management and Global Delivery. The team operates on a global basis. State Street's product organization is leading an exciting period of transformation for the business and requires experienced product managers with deep domain expertise within the core elements of Custody; Asset Servicing, Cash and FX, Positions and Settlements.
Why this role is important to us
You will be joining the Institutional Services function that allows us to deliver a comprehensive, holistic approach to each client relationship - for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer - across all of our locations, products, and capabilities.
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What you will be responsible for
- The product is kept up to date, competitive and aligned to the needs of clients including detailed reviews of cuts offs and market investor kits.
- Product definitions are aligned to commercial commitments, service capabilities, RFP responses
- Domain expertise is available to deal with market, counterparty crisis scenarios including the solutioning of potential operating changes. Recent examples include Russia S accounts, repatriation queue design during liquidity events, in these scenarios you will work closely Network Management and Global Delivery.
- Maintenance of product policies including contractual commitments, credit and risk policies. Examples include use of nominee companies, lien definitions, billing definitions, fractional shares, shares held elsewhere, AUC definition
- Remediation of product issues and implementation of go forward processes
What we value
These skills will help you succeed in this role
- Deep subject matter expertise in direct custody and global custody with sepcialization in one part of the product e.g. Settlement, Cash, Corporate Actions
- Proven track record of implementing operational change and working in multi-functional teams
- Willingness to learn and adapt in complex situations
- Strong leader/collaborator that understands how to work in teams and across the organization
- Excellent communication skills and ready to speak up in senior calls based on strength of domain knowledge
- Attention to detail analysis and documentation.
Education & Preferred Qualifications
- Product feature function changes
- Procedure and process design
- Project planning and execution
- Solution design and first response to crisis resolution
- Updates to core product documentation and reflecting operating changes
- Maintenance of risk registers and policy documents
- Oversight and prioritisation of small change requests
- Syndication of change with all partners including Global Delivery and Network Management
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to Flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Salary Range:
$110,000 - $185,000 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.