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VP Custody Product Manager

State Street

State Street

Boston, MA, USA
Posted on Thursday, May 2, 2024

Who we are looking for

Custody Product Manager (United States)

The Custody Product organization is recruiting for a Custody Product Manager to support the Americas Custody Business. State Street’s product organization is leading an exciting period of transformation for the business and requires experienced product managers with deep subject matter expertise to join the team and take the business forward.


As a Custody Product Manager, you will be responsible for the Custody product definition, engaging with clients and leading client solutioning and product enhancement efforts, strategic innovation and managing commercial growth and business development efforts. The Global Custody business is embarking on a period of significant change and digital innovation from market infrastructures and State Street is looking to play a leadership role in these market changes. The role requires deep domain expertise of Global Custody with a focus on the Americas region. The role reports to the head of Americas Custody Product.


Why this role is important to us

You will be joining the Institutional Services function that allows us to deliver a comprehensive, holistic approach to each client relationship — for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer — across all of our locations, products, and capabilities.

Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.

What you will be responsible for

The Custody Product Manager will have responsibility for the following
  • Working closely with the Americas Custody Head to set the strategy for the business and required investment.
  • Documenting the product definition and standards for Global Custody products and working with the Global Delivery teams to create a consistent operating model.
  • Provide domain expertise in the day to day running of the business .
  • Work with the segments and coverage heads representing the business to US clients and cross border clients who take State Street’s America’s Custody product.
  • Identify areas for improvement of the core product.
  • Track record of engagement with complex clients, solutioning operating models and translating requirements into feature function capability for State Street platforms.

What we value

These skills will help you succeed in this role

  • Deep subject matter expertise of the Custody family of products; Global Custody, Direct Custody and associated FX and Cash products.
  • Deep subject matter expertise of Global Custody with strong connections to market infrastructures.
  • Prior experience of successfully performing product manager, product development or operation leadership roles
  • Prior experience of leading complex change agendas.
  • Familiarity with industry integration tools and their applicability in shortening the chain of custody across the investment lifecycle.
  • Working knowledge of data visualization tools.

Education & Preferred Qualification

  • Seasoned VP/ED with 10+ years’ experience in Securities Services.
  • Worked in Product organizations in prior roles.
  • Prior experience working in Operations and/or technology.
  • Consultative experience working with institutional investors.
  • Strong team player who is comfortable working across complex organizations and collaborating with partners.

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:

$100,000 - $167,500 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.