Full-Time
Alternatives Product Development
Closed End Alternatives, Assistant Vice President
Posted on 5/9/2026
State Street
10,001+ employees
Asset management and custody for institutions
No salary listed
Mumbai, Maharashtra, India + 2 more
More locations: Hyderabad, Telangana, India | Bengaluru, Karnataka, India
In Person
 Product (2) |
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- Minimum of 7 years of experience in Alternative investor services operations, client implementation and/or business analysis.
- Understanding & experience of the Alternative Investor Relations operating model process required
- Experience of IS & wealth management systems beneficial including Investran, InvestTA, iFAST, ISS, AWD or iCapital
- Experience working with PM semi liquid fund in US or Europe, in addition to traditional closed ended funds
- Experience of using AI tools is benefical
- Knowledge of or experience leading product development programs/processes related to the financial services industry is an advantage.
- Experience with designing new solutions by analyzing requirements, studying system capabilities, and writing specifications would be preferred.
- Experience in JIRA, Confluence, Clarity or Squirrel is advantageous
- Execute the specified Global alternative development project, including partnering with other members of the client facing, product, global delivery (operations) and technology teams.
- Create & take ownership of assigned development initiatives, manage development execution, coordinate requirements gathering, translating and participating in the agile development process, testing and roll-out of capabilities
- Carry out a product owner role for agile development project including establishing business outcomes, epic & story creation, status tracking, execution status meetings, issue escalation/resolution, and communicating status to internal and external stakeholders.
- Adhere to program governance including compliance with policies, best practices, oversight of issues, risks, audit and compliance items in support of program reporting.
- Participate in development of transition plan to migrate new capabilities into our operating model; and addressing the administrative aspects of establishing the product or service offering
- Collaborate with interdependent product wide project teams ensuring alignment.
- Conduct market research to identify trends and opportunities for new products.
- Collaborate with across the Alts Product organization to share approaches, develop best practices and improve the teams capabilities to successfully execute and deliver new capabilities or better serve clients.
- Demonstrate strong understanding of product development process, agile development and experience with asset servicing for Alternatives
- Professional integrity to “drive” & “challenge” such that optimal outcomes are returned
- Demonstrate ability to lead development life cycle, complex projects or client engagements and translating needs to requirements to drive outcomes
- Demonstrate ability to “go deep” in operational nuances of Alternatives processing; understand and convey complex concepts in a direct and easy to digest manner,
- Excellent project management, analytical and process transformation skills. Possess the ability to lead as well as execute as needed
- Strong organization, communication and interpersonal skills, written and oral, including interaction with senior stakeholders.
- Ability to organize, prioritize, balance key tasks and manage time effectively.
- Comfortable with facilitating project working groups including internal and external stakeholders.
State Street provides asset management and custody banking services for institutional investors worldwide, with State Street Global Advisors managing portfolios and offering advisory services. It generates revenue from asset management fees, transaction fees, and custody/administration fees, plus income from its own investments and lending activities. The company differentiates itself through its global scale and focus on institutional clients, offering integrated asset management, custody, administration, research, and trading across a broad network. Its goal is to help institutional clients meet their financial objectives by delivering comprehensive investment, risk management, and custody solutions on a global platform.
Company Size
10,001+
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
1792
Simplify's Take
What believers are saying
- Q1 2026 revenue hit $3.8B up 16% with 27.9% margins.
- Tokenized fund launches end-2026 via Luxembourg Digital Asset Platform.
- Thornburg ETF servicing expands custody for active share classes.
What critics are saying
- BlackRock Vanguard Nasdaq 100 ETFs erode State Street ETF share.
- Fed rate cuts flatten yield curve compressing NII in 2026.
- Geopolitical volatility spikes reduce FX trading spreads immediately.
What makes State Street unique
- State Street custodies $54.5T AUC as second-largest global provider.
- SSGA manages $5.6T AUM pioneering indexing since 1978.
- Global Services handles custody across stocks, derivatives, private equity.
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Your Connections
People at State Street who can refer or advise you
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Flexible Work Hours
Remote Work Options
Professional Development Budget
Tuition Reimbursement
Paid Holidays
Employee Referral Bonus
Company News
State Street expands its relationship with Thornburg. 09 April 2026 US Reporter: Zarah Choudhary Image: Bijac/stock.adobe.com State Street has announced the expansion of its relationship with Thornburg Investment Management, a privately owned global investment firm. State Street will be providing end?to?end servicing support for Thornburg's new ETF share classes. Under the expanded mandate, State Street will deliver ETF servicing for Thornburg's new share classes, including custody, accounting, ETF basket creation, create-and-redeem order management, ETF settlement, transfer agency, and reporting. The firm says that the announcement marks only the second active ETF share-class servicing mandate in the US, with State Street serving as provider. Donna Milrod, chief product officer at State Street, says: "Thornburg has a long history of delivering differentiated, actively managed strategies, and Assetservicingtimes is proud to support the continued evolution of their ETF platform. "Our role is to provide the operational scale and flexibility that allows clients to focus on investment outcomes, while ensuring a consistent and seamless experience across fund structures." Mark Zinkula, CEO of Thornburg, adds: "State Street has been a trusted partner to Thornburg for decades. Their deep experience across fund structures and their ability to support the full ETF lifecycle positions them well to help us meet evolving client needs." Previous industry article Next industry article NO FEE, NO RISK 100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Live Nasdaq Composite: fear hits markets as US raises stakes in mideast standoff. By Gerelyn Terzo Updated Apr 7, 12:55PM EDT · Published Apr 7, 9:58AM EDT Quick read. * Broadcom (AVGO) gained 3% after securing Google and Anthropic as AI chip customers. Invesco QQQ (QQQ) faces new competition as BlackRock and State Street prepare to launch their own Nasdaq 100 ETFs. Humana (HUM) and UnitedHealth (UNH) rose on higher Medicare reimbursement rates. * Trump's 8pm ET ultimatum to Iran over the Strait of Hormuz has driven oil prices to $115 WTI and $110 Brent, pressuring stocks while UBS cut its S&P 500 year-end target to 7,500 citing sustained inflation and delayed Fed rate cuts. * Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.(Sponsor) Live updates. AI spending spree. 9 hours ago OpenAI and Anthropic are both projected to dramatically ramp up model training spending through the end of the decade, with OpenAI alone expecting to direct $121 billion toward AI research compute by 2028, according to the WSJ. Defense tailwinds. 10 hours ago Bernstein, a research JV between SocGen and AllianceBernstein, view Trump's proposed $1.5 trillion defense budget as a tailwind for defense stocks...if it makes it across the finish line. The firm is forecasting 101% growth in overall spending and a 63% jump in R&D, driven by a surge in space, shipbuilding, and missile activity. Labor market finds footing. 12 hours ago U.S. private employers added an average of 26,000 jobs per week in the four weeks ending March 21st, marking the third straight week of improvement, according to ADP. President Trump has placed an 8pm ET deadline on Iran to reopen the Strait of Hormuz or its bridges and utility plants would be bombed. In response to the escalated tensions, oil prices are rising, with WTI Crude and Brent Crude hovering at around $115 and $110, respectively. All three of the major stock market averages are under pressure, including the Nasdaq Composite, which is being led lower by the likes of ASML Holding (Nasdaq: ASML) and Tesla (Nasdaq: TSLA). The Invesco QQQ (Nasdaq: QQQ) is about to get some heavyweight competition. Both BlackRock and State Street are preparing to launch their own Nasdaq 100 ETFs, targeting one of the most popular funds on Wall Street. Wall Street firm UBS is less optimistic on U.S. stocks, trimming its year-end S&P 500 target to 7,500 from 7,700 and its mid-year call to 7,000 from 7,300. The firm is blaming the Iran war as a force that could keep oil prices high, drag on growth, and push Fed rate cuts further down the road. Here's a look at where things stand as of morning trading: Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.(Sponsor) Dow Jones Industrial Average: 46,361 Down 0.66% Nasdaq Composite: 21,849 Down 0.65% S&P 500: 6,574 Down 0.53% Market movers. Broadcom (Nasdaq: AVGO | AVGO Price Prediction) is tacking on 3% today after signing on Google (Nasdaq: GOOGL) and Anthropic for its AI chips. Intel (Nasdaq: INTC) is jumping on the the innovation bandwagon, joining the Terafab project alongside SpaceX, xAI and Tesla to bolster silicon fabrication for AI and robotics. Elon Musk's SpaceX will reportedly target a valuation of $1.75 trillion, setting out on its investor roadshow in early June. Dividend stock Hershey (NYSE: HSY), which has been accused of using a chocolate substitute by the Reese's family, is trying to make things right. The company has promised to switch to real chocolate in all its products (eventually) alongside the introduction of two new products, Reese's Marshmallow Cup and Reese's Strawberry PB&J Cup. Delta (NYSE: DAL) is raising baggage fees for passengers again, and the stock is down 1% today. Insurance stocks are rising, including the likes of Humana (NYSE: HUM), up 6%, and UnitedHealth (NYSE: UNH) thanks to higher Medicare payments. If you've been thinking about retirement, pay attention (sponsor). Retirement planning doesn't have to feel overwhelming. The key is finding expert guidance, and SmartAsset's simple quiz makes it easier than ever for you to connect with a vetted financial advisor. Here's how: Why wait? Start building the retirement you've always dreamed of. Get started today! (sponsor) This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby. More Content Companies Mentioned
State Street issues 2005 Corporate Social Responsibility Report. May 16, 2006 BOSTON-(BUSINESS WIRE)-May 15, 2006-State Street Corporation (NYSE:STT), the world's leading provider of financial services to institutional investors, today announced the release of its 2005 Corporate Social Responsibility (CSR) Report. The third annual report provides details on the company's environmental, social and governance initiatives, and summarizes the past year's activities of the State Street Foundation, the company's philanthropic entity. The 2005 report is based on criteria established by the Global Reporting Initiative (GRI), a multi-stakeholder process and independent institution whose mission is to develop and disseminate globally applicable sustainability reporting guidelines. This set of guidelines is designed to serve as an international benchmarking tool for social responsibility reports. Centered on the theme of adding value, the report summarizes the many ways in which State Street focuses on having a positive impact on its key stakeholders, including: customers, employees, shareholders, strategic partners and community neighbors. New elements of this year's report include a description of State Street's environmental policy and management system, along with a new code of conduct for its suppliers. "This year State Street is proud to further expand our reporting to reflect the continuing trend of sustainable development and transparency across industries," said George Russell, executive vice president and head of Community Affairs. "At State Street, being an industry leader is synonymous with being a responsible company. This report shows how we respond to global issues while maintaining our commitment to the local communities in which we conduct business." Community support is also a major theme of the report, which includes large sections devoted to the corporation's philanthropy and employee volunteer programs. Since its launch in 1977, the State Street Foundation has made some 6,400 grants totaling US$100 million. Additionally, in 2005, more than 6,400 employees and alumni served 34,400 hours in volunteer service worldwide. For its strong philanthropic ties to the communities where it conducts business, State Street was recently named to Business Ethics magazine's 100 Best Corporate Citizens List for 2006. For more information on the 2005 Corporate Social Responsibility Report, please visit www.statestreet.com/company/community_affairs/csrreport2005.pdf State Street Corporation (NYSE: STT) is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $10.7 trillion in assets under custody and $1.5 trillion in assets under management (as of March 31, 2006), State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com.
State Street has been appointed as end-to-end service provider for Dimensional Fund Advisors' first-of-its-kind US ETF share class structure under new SEC exemptive relief. The March 2026 mandate reinforces State Street's central role in the evolving ETF ecosystem. The company has also added Susan Gordon, a national security and technology expert, to its board, strengthening expertise in cybersecurity, critical infrastructure and geopolitical risk. The appointment complements State Street's push into complex fund structures that favour scaled providers. State Street's investment narrative projects $14.7 billion revenue and $3.5 billion earnings by 2028, with a fair value of $144.30 representing 18% upside. However, investors face ongoing risks from fee compression, technology disruption and potential regulatory pressure on capital requirements.
State Street Corporation is set to report fiscal Q1 2026 results on 17 April. Analysts expect adjusted earnings per share of $2.48, up 21.6% year-over-year. The company has beaten Wall Street estimates in the past four quarters. For fiscal 2026, analysts project adjusted EPS of $11.59, representing a 12.5% increase from fiscal 2025. STT stock has gained 36.3% over the past 52 weeks, outperforming the S&P 500's 14.9% rise. The Boston-based financial services provider dropped 6.1% on 16 January after reporting a 5% decline in Q4 2025 profit to $747 million, impacted by elevated costs including $206 million in restructuring charges. Analysts maintain a "Moderate Buy" rating with an average price target of $144.79, suggesting 15.1% upside.