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Global Markets Product Innovation, Managing Director
Global Markets Product Innovation, Managing Director-March 2024
Boston
Mar 19, 2025
ABOUT STATE STREET
State Street is a leading provider of financial services to institutional investors around the world.
10,000+ employees
Consulting, Financial Services
VIEW COMPANY PROFILE >>
About Global Markets Product Innovation, Managing Director

  State Street Global Markets ("SSGM") provides a broad spectrum of client trading solutions to a multitude of client types, across Portfolio Solutions (which broadly includes Transition Management, Equity Trading and Currency Management). Our Product Development Team, in alignment with business team leads, drives the comprehensive new product architecture and design which is critical to implementing the division's client-focused solution set.

  SSGM seeks an executive to lead the global Product Development efforts. This individual will report jointly to the Head of Portfolio Solutions as well as the Head of Product Innovation and Business Development, work closely with other members of the SSGM senior leadership team, and work collaboratively with cross-business and cross-organizational support functions (e.g., Risk, Institutional Services, Segments/Sales, Legal, Compliance).

  In concert with Product Heads and Business Development leads, develops and drives execution of Portfolio Solutions new product development and innovation

  Innovates, Architects and Designs new product to create markets leading opportunitiesCollaborates, evaluates, and validates concepts and plans with clients, partners, or vendors to develop new opportunitiesWorks closely with senior executives and Product Management Team to execute business unit plans, product and geographic expansion efforts, ensuring delivery of a world class product as measured by market share, client satisfaction scores and various industry rankingsDevelops product road maps and other tools to communicate progress and portfolio of new productsRepresents State Street at key industry forums, to include speaker panels, relating to Portfolio SolutionsStay abreast of and communicate industry trendsDynamically fosters a culture encouraging innovation and collaboration, supported by an appropriate risk frameworkCreates a risk and compliance culture that ensures adherence with applicable regulatory provisions, internal and external audit reviews, and overall risk controls

  Why this role is important to us

  The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM's number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

  Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

  Qualifications and Experience

  Global Markets Product Innovation, Managing Director requires senior leadership and advanced skills including:

  Creative, outcome-driven influencer and collaborator with demonstrated leadership and excellent talent development capabilitiesProven skillset in understanding and communicating industry / client themes and trends into actionable strategy, partnering effectively with a wide range of internal and external constituentsDemonstrated achievement guiding new products and solutions through rigorous approval requirements (e.g., legal, regulatory, compliance, operations, enterprise risk)Comprehensive knowledge of market dynamics and regulatory landscapeAbility to lead, prioritize and execute multiple, simultaneous priorities and initiativesMBA, CFA or similar strongly preferredExcellent verbal and written communication skills

  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.

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