The Product Development organization is recruiting for an candidate with experience in transaction processing and settlements and custody  

The individual will partner with the Product team, Global Delivery (operations) and Technology to execute on the overall custody product development initiatives and agenda, in alignment with Custody product strategic objective to strengthen State Street’s position in the industry.  State Street’s product organization is leading an exciting period of transformation for the business and requires experienced individuals to take the business forward.

The role will Initiate and support designing, developing solutions and closing product gaps to support client retention, client growth, enhance client experience and operating framework for State Street to be successful in the complex markets.  This is focused on settlements and positions in custody.   This individual would be a lead BA in support of  execution of approved product change/development.

Function

The person would have the depth and expertise to effectively develop requirements, solutions and have the SME knowledge to execute on the overall custody product development initiatives and agenda described above. 

The role requires you to be proactively involved in business requirements based on product gaps / backlog impacted by  market and regulatory changes, grasp of the technical and functional aspects of the service and stakeholder feedback (clients and coverage/product management) to support the evolution of the custody business.

Responsibilities                            

The role will have responsibility for the following

Support the leads to Create a clear product roadmap in-collaboration with Custody Product Development head

Business analysis related to development and analysis of product-related change, including commercially-viable and client focused business cases.

Ensure change remains aligned to existing regulation and/or internal policies.

Support design and efficiency of the operating model, standards and technical stack/architecture, with an objective to simplify where possible working with the Product Management, Technology and Global Delivery.

To be product owner or lead BA  working with the  agile team members working on prioritized backlog

Responsible for ensuring appropriate governance, compliance with policies/frameworks and oversight of issues, risks, audit and compliance items.

Support annual planning and funding prioritization activities where required

Skills

Excellent grasp of and Settlements custody  and operational background or experience

Subject matter knowledge across custody

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

Integration and understanding of impact on Data

Track record of engagement with complex clients, solutioning operating models and translating requirements into feature function capability for State Street Custody platform

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 through the solution delivery cycle

Experience

Agile experience as a Product Owner or Principal Product Owner is desired

Seasoned AVP with 3-5 + years’ experience in custody

Operated at a global level

Prior experience working in Operations and/or technology

Outcomes expected from the roles

In depth understanding of Direct Custody

Driving a change agenda and execution of the development initiatives to improve the overall operating environment for State Street

Proactive input and idea generation for product development roadmap

Maintain up to date understanding of regulatory headwinds and other industry disruptors and industry bodies that could impact the area

Responsible for issue and risk escalation

Appropriate governance and audit trail on documentation of all key decisions and actions.

Split of role

Product Design & Development : 30%

Business Analysis : 60%

Market / Client interaction : 10%

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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