Full-Time

Product Owner & Strategy

Transaction Lifecycle Mgmt, Alpha Assistant Vice President

Posted on 9/24/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$80k - $132.5kAnnually

Mid, Senior

Company Historically Provides H1B Sponsorship

Boston, MA, USA

Category
Product Management
Product Strategy
Product
Required Skills
Sales
Management
SQL
iOS/Swift
Requirements
  • Bachelor’s degree with at least 5 years' experience as a business / product analyst, or related experience, requirements gathering, design, and development of enterprise application systems
  • Strong industry and work experience with the front, middle and back office related integrations, functionality, and electronic order management platforms (i.e. Bloomberg PORT, CRD, BRS Aladdin, SimCorp Dimension, etc.)
  • Understanding of messaging protocols and formats such as XML and JSON.
  • Understanding financial industry messaging formats such as FIX, SWIFT, or FpML is a plus.
  • SQL/database query skills a plus
Responsibilities
  • Act as a Product Owner and champion within the company and industry representing Transaction Lifecycle Management product and services
  • Gathering of business/system requirements by facilitating user/client meetings, interviewing users, and researching.
  • Design and implement client agnostic solutions that support and streamline end to end transaction servicing and interoperability for our Alpha clients
  • Identify compile, analyze and document business requirements that accurately and thoroughly reflect business needs.
  • Establish strong partnerships with project sponsors and stakeholders in Operations, Technology and other product teams within the State Street, & Charles River to influence and coordinate cross-functional business solutions and products, in support of client and business goals
  • Act as liaison between client services, and technology teams to support product positioning, customer demand and prioritize opportunities as part of the Transaction Management product strategy and development
  • Work with business and technology partners to establish clear connections between business goals, strategies and the data and technology investments required to achieve them
  • Define, maintain, and evangelize the product roadmap and 3-5 year vision, ensuring alignment with business transformation goals eliminating manual processing and reconciliation in support of decrease risk and unit cost
  • Deliver concise and meaningful presentations for internal and external audiences, including education and training of Sales, support groups, and executive level presentations
  • Manage ongoing product demand, prioritization, program and project management
  • Working directly with 3rd party vendors, OMS’, accounting agents and other interested third parties to manage implementations and deployments.

State Street Corporation operates in the financial services industry, focusing on asset management and custody banking. It provides a variety of services to institutional investors, such as mutual funds and pension funds, through its division, State Street Global Advisors, which manages investment portfolios and offers advisory services. The company serves a wide range of clients, including corporations, governments, and non-profit organizations, and utilizes its global network and expertise to deliver customized financial solutions. State Street generates revenue from management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Additionally, it is recognized for its commitment to leadership and diversity, promoting a culture that supports employee growth and inclusion.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1792

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • State Street benefits from the growing demand for ESG-integrated investment strategies.
  • The rise of digital assets offers new growth opportunities for State Street's custody services.
  • Expansion in passive investing and ETFs provides market share opportunities for State Street.

What critics are saying

  • Increased competition from firms like BlackRock and Vanguard may impact State Street's growth.
  • Geopolitical tensions in expansion regions could affect State Street's operations and profitability.
  • The rise of fintech companies poses a threat to State Street's traditional business model.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to diversity and inclusion in its operations and leadership.
  • State Street leverages advanced technologies for data analytics and investment management.

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