VP, Alpha Product Owner - Private Credit - Bank Loans
State Street
The Vice President of Private Credit at State Street Alpha will serve as a strategic leader responsible for shaping and delivering front-to-back integrated solutions across the private credit lifecycle. This role will drive product strategy, client engagement, and operational excellence for private credit servicing, ensuring alignment with Alpha’s platform vision and the evolving needs of institutional investors.
Key Responsibilities
Strategic Leadership & Market Development
- Define and execute the strategic roadmap for Private Credit services, including, record-keeping, administration, and data delivery.
- Lead cross-functional initiatives to evaluate current-state capabilities and identify gaps in servicing, technology, and operating models
- Represent Alpha in executive forums, offsites, and client engagements to socialize the future-state vision and secure sponsorship
Product Development & Platform Integration
- Partner with engineering and architecture teams to build vertically integrated capabilities across the Alpha platform—from onboarding to reporting
- Ensure that private credit workflows are modular, scalable, and interoperable with other asset classes and service components
- Embed automation, AI, and distributed ledger technologies (DLT) where appropriate to enhance operational efficiency
Client Engagement & Implementation
- Lead client discovery sessions to understand operational pain points and regulatory requirements.
- Oversee the implementation of private credit services for new portfolios, ensuring timely setup, documentation, and trade instruction workflows
- Establish standardized frameworks for reporting, compliance, and lifecycle management across clients
Operational Oversight & Risk Management
- Monitor service delivery against SLAs and regulatory mandates, including clearing eligibility and margin rules.
- Drive initiatives to reduce manual intervention and improve system resilience across private credit instruments
- Collaborate with internal teams to ensure synchronized reference data and straight-through processing (STP) from front to back
Qualifications
- 10+ years of experience in private markets or financial product development.
- Deep understanding of private credit instruments, lifecycle events, and regulatory frameworks.
- Proven leadership in managing cross-functional teams and delivering enterprise-scale solutions.
- Strong analytical, communication, and stakeholder management skills.
- Experience with Charles River CRPM, WSO, and related technologies is a plus
Why Join State Street Alpha
State Street Alpha is redefining the investment lifecycle by delivering integrated, data-driven solutions across front, middle, and back offices. As VP of Private Credit, you’ll be at the forefront of innovation, helping shape the future of private markets servicing.
Salary Range:
$120,000 - $225,000 AnnualThe 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.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.