S

State Street

Holds assets for institutions and runs index funds

Fund Connect Digital Assets and Tokenization Product Lead Vice President

Product ManagementUpdated on Nov 11
Full-time

About the Job

Requirements

  • Strong product-management, product-development, or strategy experience within institutional financial services.
  • Practical understanding of tokenization, blockchain technology, smart contracts, digital wallets, and digital-asset infrastructure.
  • Knowledge of real-world asset tokenization and the associated issuance, distribution, custody, settlement, and servicing lifecycle.
  • Experience with money market funds, investment funds, transfer agency, custody, fund administration, cash management, liquidity management, or collateral management.
  • Ability to translate complex client, business, regulatory, and technical requirements into scalable product solutions.
  • Strong commercial awareness and experience preparing business cases, product strategies, and go-to-market plans.
  • Experience delivering complex change initiatives involving multiple business and technology stakeholders.
  • Experience of financial services, fintech, capital markets, transaction banking, asset servicing, or a related field is preferred at ten or more years.
  • Demonstrated experience in product management, product strategy, digital transformation, or complex program delivery is preferred.
  • Experience with institutional digital assets, tokenized funds, blockchain-based financial products, or real-world asset tokenization is preferred.
  • Working knowledge of public and permissioned blockchain networks is preferred.
  • Understanding of digital custody, wallet infrastructure, tokenization platforms, and digital transfer agency is preferred.
  • Familiarity with stablecoins, tokenized deposits, on-chain settlement, and digital collateral use cases is preferred.
  • Experience working with asset managers, banks, custodians, transfer agents, corporate treasury teams, or institutional investors is preferred.
  • Knowledge of product-governance, operational-risk, regulatory, and compliance requirements within a global financial institution is preferred.
  • Experience assessing external vendors, fintech firms, or strategic technology partners is preferred.
  • A bachelor's degree or equivalent experience in Finance, Economics, Business, Technology, Computer Science, or a related discipline is preferred.
  • Relevant postgraduate or professional qualifications are beneficial but not required.
  • The candidate should be able to explain technical subjects to nontechnical audiences.
  • The candidate should demonstrate ownership, sound judgment, and attention to detail.
  • The candidate should be able to operate effectively in a fast-moving and sometimes ambiguous environment, work autonomously while collaborating across functions, businesses, and regions, and challenge established approaches constructively.
  • The candidate should be committed to effective risk management and controlled, sustainable solutions.

Responsibilities

  • Support the continued development and execution of Fund Connect’s digital-asset and tokenization strategy.
  • Translate the strategy into a prioritized product roadmap, delivery plan, and measurable business outcomes.
  • Identify opportunities to support issuance, distribution, trading, settlement, custody, and reporting of tokenized real-world assets.
  • Conduct market, client, regulatory, and competitive analysis to inform product direction and investment decisions.
  • Develop strategic recommendations for senior management regarding new digital products, partnerships, and market opportunities.
  • Promote a coordinated, enterprise-wide approach by working across relevant businesses and functional areas.
  • Monitor developments in tokenization, blockchain infrastructure, digital custody, digital cash, decentralized finance, and institutional adoption.
  • Lead day-to-day product activities for digital-asset capabilities from concept through implementation and commercialization.
  • Define product requirements, use cases, workflows, client journeys, and operating models for tokenized products.
  • Partner with Product Development, Technology, Architecture, Operations, and external providers to define and deliver product capabilities.
  • Develop solutions that give clients access to traditional and tokenized investments through an integrated Fund Connect experience.
  • Support integration with tokenized fund providers, transfer agents, digital-asset platforms, wallet providers, custodians, and blockchain infrastructure.
  • Define requirements for digital order routing, transaction processing, settlement, position reporting, wallet connectivity, and client servicing.
  • Coordinate product testing, operational readiness, implementation, and post-launch reviews.
  • Maintain product documentation, decision logs, business requirements, workflow diagrams, and implementation materials.
  • Ensure solutions are scalable, resilient, interoperable, and aligned with broader product architecture.
  • Lead definition of use cases involving real-world-asset tokenization.
  • Develop institutional workflows for subscribing to, redeeming, transferring, settling, and reporting tokenized fund interests.
  • Evaluate digital-native issuance models and digital-twin models representing existing financial assets.
  • Explore expansion beyond tokenized money market funds into other appropriate tokenized securities and investment products.
  • Assess how tokenized assets may support corporate treasury, investment, liquidity, and collateral-management use cases.
  • Partner with internal teams to evaluate tokenized deposits, stablecoins, or other approved forms of digital cash for settlement.
  • Help define the role of digital wallets, custody services, digital transfer agents, smart contracts, and public or permissioned blockchains within the Fund Connect ecosystem.
  • Support development of controls for moving tokenized assets between clients, providers, custodians, and approved networks.
  • Engage institutional clients to identify needs, validate use cases, and obtain feedback on proposed digital capabilities.
  • Partner with Sales, Relationship Management, and senior product leaders in client discussions and product demonstrations.
  • Explain complex digital-asset concepts in clear, practical, and commercially relevant language.
  • Prepare client-ready materials, product presentations, workflow diagrams, and strategic proposals.
  • Lead discovery sessions with asset managers, treasury organizations, white-label clients, and other institutional market participants.
  • Provide product updates and recommendations to senior management and governance forums.
  • Establish working relationships across regions, businesses, and functional disciplines.
  • Develop business cases for new digital-asset and tokenization initiatives.
  • Assess client demand, addressable opportunities, implementation requirements, and potential commercial models.
  • Support pricing, financial analysis, revenue planning, and go-to-market activity.
  • Evaluate build, buy, or partner options for required digital capabilities.
  • Conduct due diligence on external technology providers, custody providers, wallet providers, blockchain networks, and other strategic partners.
  • Partner with Sales and Relationship Management to identify pilot clients and commercialization opportunities.
  • Define product adoption measures and track progress against agreed business objectives.
  • Support development of the long-term operating and support model for digital products.
  • Work with Legal, Risk, Compliance, Information Security, Privacy, and Operational Risk teams throughout the product lifecycle.
  • Support new-product approval, risk assessment, control design, and regulatory review activities.
  • Help identify and document risks associated with tokenization, blockchain networks, digital wallets, custody models, settlement assets, and external vendors.
  • Ensure product requirements incorporate appropriate controls, client protections, governance, and recordkeeping.
  • Monitor relevant regulatory developments and assess their potential impact on product design and delivery.
  • Support development of policies, procedures, and governance materials for digital-asset products.
  • Escalate material risks, dependencies, and delivery issues to appropriate stakeholders.
  • Coordinate delivery across Product, Technology, Operations, Client Service, Sales, Legal, Risk, Compliance, and Finance.
  • Design scalable operating models that integrate digital products with existing Fund Connect processes and infrastructure.
  • Identify operational dependencies and define responsibilities across internal teams and external service providers.
  • Develop implementation plans, readiness criteria, support procedures, and escalation paths.
  • Manage interdependent initiatives involving multiple businesses, technology platforms, and market participants.
  • Drive resolution of complex product, process, and implementation issues.
  • Maintain clear communication regarding status, decisions, risks, dependencies, and required actions.
  • Represent Fund Connect in selected industry working groups, client events, conferences, and market forums.
  • Develop informed perspectives on tokenized funds, real-world assets, institutional digital custody, digital cash, and blockchain-based financial-market infrastructure.
  • Contribute to external-facing presentations, articles, white papers, and educational materials.
  • Help position Fund Connect and State Street as leaders in institutional digital-asset innovation.
  • Build relationships with relevant industry organizations, infrastructure providers, asset managers, technology companies, and market participants.
  • Share market intelligence and emerging practices with internal stakeholders.
  • Collaborate with colleagues across regions to promote global consistency while addressing local market and regulatory requirements.
  • Provide leadership and subject-matter expertise to cross-functional project teams.
  • Mentor and guide junior colleagues as the digital-asset business grows.
  • Encourage disciplined product management, effective documentation, and constructive challenge.

Desired Qualifications

  • Strong communication, presentation, negotiation, and stakeholder-management capabilities.
  • Intellectual curiosity and willingness to challenge established approaches constructively.

About the Company

State Street

Holds assets for institutions and runs index funds

State Street holds and services investments for pension funds, insurers, fund companies, and other large institutions, and it also runs index funds through State Street Investment Management. It launched the first US-listed exchange-traded fund, the SPDR S&P 500 ETF Trust, in 1993, and in 1924 it became custodian of the first US mutual fund. As a custody bank, it safekeeps clients' stocks and bonds, completes their trades, calculates what their funds are worth, and lends their securities to other investors. It earns fees on the assets it services and manages, plus income from currency trading and from interest on client cash. State Street traces its roots to a bank chartered in 1792 and is based in Boston, Massachusetts.

Company size
10,001+
Company stage
IPO
Headquarters
Boston, MA
Founded
1792

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