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Head of Product Strategy and Research North America, Managing Director, State Street Global Advisors

State Street

State Street

This job is no longer accepting applications

See open jobs at State Street.
Product, Operations
Boston, MA, USA
Posted on Wednesday, September 20, 2023

The Global Product Team is responsible for defining and executing the firm’s strategic product roadmap globally across the institutional (including Defined Contribution), ETF, Cash and Global Fiduciary Services franchises. Global Product is responsible for the design, launch, enhancement and optimization of all products lines and strategies (including commingled vehicles, Separately Managed Accounts, ETFs, relevant third-party sub-advised/sponsored products) and platforms used to commercialize our investment capabilities through our distribution channels and client segments.

The Head of Product Strategy and Research North America will build and lead a team of Product Strategists in the region. Product Strategy and Research is a foundational part of any Product organization. This function is responsible for having a deep understanding of each asset class, and within each asset class understanding client demand and product attributes that meet client needs. The group is also responsible for monitoring and analyzing market evolution and emerging trends to strengthen our product line up, competitive positioning and pricing strategy. With their asset class focus, Product Strategists would partner proactively with Investments and Distribution to commercialize existing capabilities and extend to them new products/markets. Innovation is a core function of our Product Strategy and Research team which will be responsible for creating a robust pipeline of innovative products that differentiate us from competitors and enhance our prospects for revenue and asset growth.

The team you will be joining is a part of State Street Global Advisors, one of the largest asset managers in the world. We partner with many of the world’s largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process. With over four decades of experience and trillions of dollars in assets under management, we offer one of the broadest selections of services across asset classes, risk profiles, regions and styles. As pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest.

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

Why this role is important to us

The team you will be joining is a part of State Street Global Advisors, one of the largest asset managers in the world. We partner with many of the world’s largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process. With over four decades of experience and trillions of dollars in assets under management, we offer one of the broadest selections of services across asset classes, risk profiles, regions and styles. As pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest.

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

What you will be responsible for

· Responsible for all product strategy innovation efforts in the North American region

· Establish parameters for the origination of a robust pipeline of innovative product strategies that competitively differentiate the firm and enhance its prospects for revenue and asset growth

· Build frameworks to share deep understanding across the firm of regional client needs, competitive dynamics, regulatory trends and money in motion, across institutional and ETF segments which are then used in product design/roadmap

· Identify market trends that expand opportunities for the firm’s investment capabilities as well as range management with respect to product gap analysis and pricing strategy

· Define and own the North American Product Roadmap across Institutional and ETF segments

· Set priorities for new product design, considering growth potential and seed capital investment of new product ideas in North America

· Serve as investment product expert for North America and deliver product insights to internal stakeholders and partners to gain support for regional product strategy and development priorities

· Own business cases for new product recommendations

· Present recommendations to governing bodies, such as executive committees and relevant Boards to obtain “buy-in”

· Maintain a high level of communication with investment teams and regional distribution leaders, ensuring product strategy needs and expectations are fulfilled

· Hire, train and develop a team of regional product strategists

Knowledge and Skills required

· 10+ years of experience within investment product, design, research and/or strategy with demonstrable track record of delivering successful product outcomes

· Investments acumen with broad knowledge across asset classes within index and active and the application of asset classes to vehicles and client segments

· Experience working with varied client types and knowledge of how client needs influence product design and strategy

· Strong knowledge of the asset management industry including investors types, distribution channels, competitor landscape, investment products

· Good knowledge of pooled product structures including 40 Act, collective fund structures, interval funds and hedge funds is a plus

· Experience in launching, operating and amending pooled funds applying relevant regulations across different jurisdictions/regions/domiciles

· Commercial awareness of market dynamics, market evolution and of competitive landscape to ensure that SSGA products remain fit for purpose

· Strong pulse on changing regulatory framework for investment funds in North America and impact on our existing and new product plans while leveraging positive opportunities as their arise

Additional requirements

· Demonstrable track record of contributing to the design of innovative, strategic investment products

· Strong project management experience

· Excellent communication skills, including ability to negotiate with and influence senior management and fund boards

· Excellent presentation skills including an ability to clearly articulate complex concepts and ideas to a senior audience in a clear and concise manner

· Advanced skills in Microsoft Excel, Powerpoint, Morningstar, Lipper, Bloomberg, Factset, eVestment is a plus

· Experience managing a team to achieve successful outcomes

· Delivery focused, driven, with high level of resilience

· Holds or studying towards CFA highly desirable

· We require a Bachelors Degree

· Advanced/Masters Degree in Finance, Business or other related field is a plus

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 Global Advisors

What We Do. As the asset management arm of State Street Corporation, State Street Global Advisors has served the world’s governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become one of the world’s largest asset managers with trillions of dollars under our care.

Our Mission. At State Street Global Advisors our mission is to invest responsibly to enable economic prosperity and social progress. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.

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.

Company: State Street Global Advisors

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.

This job is no longer accepting applications

See open jobs at State Street.