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Product Management, MD

State Street

State Street

Quincy, MA, USA
Posted on Friday, May 31, 2024

Who we are looking for

The North America (including LATAM) Accounting Product Lead, MD will have a reporting relationship to the Global Head of Accounting Product Management. The NA Accounting Product Lead, MD is responsible for developing and driving an end-to-end Accounting product strategy for North America and LATAM including market research, ideation/innovation, strategic planning, contributing to pricing guidelines that drive growth and profitability.

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

  • Understand the NA and LATAM markets, competitive forces, and client direction to make related product recommendations that ensure competitive positioning and grow market share, including the opportunity to introduce new adjacent offerings
  • Stay current on regulatory/accounting principles changes in region to drive product updates and solutioning as appropriate and facilitate client communication
  • Serve as the “in-region” advocate for State Street’s Accounting product through participation in industry forums, highlight State Street’s thought leadership, drive, and execute appropriate advocacy activities (i.e., Office Hours, Bulletins, etc.)
  • Maintain pulse on related service delivery results to drive product improvement
  • Create forums internally and with clients to encourage idea sharing, innovation, collaboration and solutioning
  • Collaborate and support commercialization activities with Coverage, Relationship Management, and Segment on new business opportunities to increase win ratio and gain market intelligence for ongoing product advancement
  • Generation of comprehensive business cases for investment consideration, monitor approved cases for ROI attainment and ensure execution and delivery of approved cases

What we value

These skills will help you succeed in this role

Ensure effective Accounting product project portfolio governance to

  • Maintain knowledge of all projects impacting the accounting platform to consistently influence design decisions toward enterprise value
  • Lead analysis and design efforts, translating requirements for development to ensure capability delivered is fit for purpose
  • Impact execution from requirements gathering to production deployment including the operating model alignment with Global Delivery strategy
  • Produce relevant Go-To-Market materials for internal and external consumption

Education & Preferred Qualifications

  • Bachelor’s degree in accounting or related studies
  • Extensive knowledge of Accounting service and related technologies
  • Seven plus years with a Third-Party Administrator
  • Fluent in Spanish 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

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.