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Global Head of Product Development, Global Markets Foreign Exchange, Managing Director

State Street

State Street

Product, Operations
Boston, MA, USA
Posted on Thursday, April 20, 2023

Global Head of Product Development, Global Markets Foreign Exchange, Managing Director

Job Description Who we are looking for

State Street Global Markets (“SSGM”) provides a broad spectrum of client financing solutions to a multitude of client types, across its Foreign Exchange Trading programs. Our Product Development Team, in alignment with business team leads, drives the comprehensive new product architecture and design which is critical to implementing the division’s client-focused solution set.

SSGM seeks an executive to lead the global Product Development efforts. This individual will report jointly to the Head of Foreign Exchange Sales and Trading as well as the Head of Product Innovation and Business Development, work closely with other members of the SSGM senior leadership team, and work collaboratively with cross-business and cross-organizational support functions (e.g., Risk, Institutional Services, Segments/Sales, Legal, Compliance).

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for

In concert with Product Heads and Business Development leads, develops and drives execution of Foreign Exchange new product development and innovation

  • Innovates, Architects and Designs new product to create markets leading opportunities
  • Collaborates, evaluates, and validates concepts and plans with clients, partners, or vendors to develop new opportunities
  • Works closely with senior executives and Product Management Team to execute business unit plans, product and geographic expansion efforts, ensuring delivery of a world class product as measured by market share, client satisfaction scores and various industry rankings
  • Develops product road maps and other tools to communicate progress and portfolio of new products
  • Represents State Street at key industry forums, to include speaker panels, relating to foreign exchange
  • Stay abreast of and communicate industry trends
  • Dynamically fosters a culture encouraging innovation and collaboration, supported by an appropriate risk framework
  • Creates a risk and compliance culture that ensures adherence with applicable regulatory provisions, internal and external audit reviews, and overall risk controls

What we value

These skills will help you succeed in this role

  • Creative, outcome-driven influencer and collaborator with demonstrated leadership and excellent talent development capabilities
  • Proven skillset in understanding and communicating industry / client themes and trends into actionable strategy, partnering effectively with a wide range of internal and external constituents
  • Demonstrated achievement guiding new products and solutions through rigorous approval requirements (e.g., legal, regulatory, compliance, operations, enterprise risk)
  • Comprehensive knowledge of market dynamics and regulatory landscape
  • Ability to lead, prioritize and execute multiple, simultaneous priorities and initiatives

Education & Preferred Qualifications

  • MBA, CFA or similar strongly preferred
  • Excellent verbal and written communication skills
  • Minimum of 12-15 years of Financial Services experience, preferably with extensive Foreign Exchange background

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:

$170,000 - $267,500 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.