This role is open to both London or Boston.
Job Description
Global Custody: Data Management lead
The Product organization is recruiting for the lead role covering Data Management supporting Global Head of Custody Product Development globally.
The individual will partner with the Product team, Global Delivery (operations) and Technology to execute on the data strategy for custody that includes cloud native data platform, defining the data capability that provides the business context, data channels and data insight progression of analysis, visualization, and prediction and integration with overall front to back alpha data platform, in alignment with Custody product strategic objective to strengthen State Street's position in the Asset Servicing industry. State Street's product organisation is leading an exciting period of transformation for the business and requires experienced leaders to take the business forward.
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The role will initiate and support designing, developing solutions and closing identified data gaps in alignment with the data strategy to build a data driven operating model.
Function
As the lead you will work with the Head of Custody Product Development to establish the data practice that has the depth and expertise to effectively execute on the overall agenda described above. The role reports to the Head of Custody Product Development.
The role requires you to be proactively involved in the assessment of available market intelligence (trends, innovations, standards and tools) and stakeholder feedback (clients and coverage/product management) to support the evolution of the custody business data needs.
Responsibilities
The lead for data will have responsibility for the following:
- Execute on the strategy and development agenda to build a data driven operating model partnering with technology, office of architecture, operations and enterprise data management covering:
- Data governance and quality aligning with enterprise model
- Data capability including industry standards impacting the custody business
- Data infrastructure and data sourcing
- Data channels
- Data insights/visualisation - work with the data collected and develop relevant, actionable insights
- Deliver a clear data product roadmap in-collaboration with Custody Product Development head
- Ensure change remains aligned to existing standards and/or internal enterprise data management policies.
- Support design and efficiency of the operating model such as the development of operational control oversight and dashboard across the custody capability with actionable workflows, partnering with technology and operations
- Development in partnership with product control a product data platform to provide insight into the business.
- Responsible for ensuring appropriate governance, compliance with policies/frameworks and oversight of issues, risks, audit and compliance items related to data topics
- Present to senior management as requested and lead delivery of initiatives as required.
Skills
- Background or experience in data solutions, data modelling, analysis and visualization
- Good understanding of the custody domain and capabilities to make informed decisions and data related to this subject area - critical to understand the business applications of data insights (e.g., what business questions do need to be answered) and what data elements will effectively satisfy those needs.
- Strong analytical skills
- Prior experience of successfully delivering change in a complex environment whilst managing competing environments, and delivering projects using Agile and Waterfall techniques
- Proven change agent with track record of delivery
- Track record of working in the data space with ISO standards and development of data solutions to solve problems
- Have an understanding of a variety of data management and data analysis software packages, databases and data visualization tools
- Familiarity with industry integration tools and their applicability in shortening the chain of custody across the investment lifecycle
- Strong stakeholder management skills with an ability to navigate organization
Experience
- Seasoned leader with 10+ years' experience in Securities Services
- Worked in Product organizations or data or digital transformation roles
- Operated at a global level
- Prior experience working in data and/or technology- familiarity with tools such as JavaScript, Python & Python Libraries, Structured Query Language (SQL) , Hadoop, Snowflake, Qlik, Tableau, Microsoft Excel, Artificial intelligence , Collibra , Manta would be useful
- Consultative experience
- Track record of solving data integration challenges and building data solutions across complex and at scale services
Outcomes expected from the roles
- In depth understanding custody and related data management needs;
- Proactive input and idea generation for product development roadmap
- Maintain up to date understanding of data tools, standards and changes in building actionable insights
- Responsible for issue and risk escalation
- Project /initiative ownership as requested as the product owner
- Appropriate governance and audit trail on documentation of all key decisions and actions.
Split of role:
- Data strategy design, development and execution: 80%
- Market / Client interaction: 20%