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State Street
State Street

Leading company in the financial services industry

Head of Financing and Portfolio Solutions Platforms and Product Strategy, Senior Vice President at State Street

RoleProduct
LevelVp
LocationBoston, Massachusetts
WorkOn-site
TypeFull-time
Posted1 day ago
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About the role

Why this role is important to us

Join State Street Markets as Senior Vice President, Head of Financing and Portfolio Solutions Platforms and Product Strategy, SVP. This position is responsible for leading product strategy and delivery of our financing and execution capabilities around the globe in support of our Firm’s clients and to accelerate growth of the business. The role works collaboratively with Financing and Portfolio Solutions Business leadership to define and execute our product roadmap for client and commercial growth, while working cross-functionally with other divisional Product leaders to ensure cohesive delivery across Markets. This position will report directly to the Head of Markets Product, Strategy and Business Management, with matrix reporting to the Head of Financing and Portfolio Solutions.

What you will be responsible for

  • Lead a global, cross-functional team focused on product strategy across Agency Lending, Prime Services, Secured Financing, Agency Brokerage Execution, Partnered Trading and Currency Management
  • Oversee Markets’ liquidity, funding and capital optimization product strategy and management
  • Deliver Broker Dealer expansion initiatives through connecting execution and financing capabilities through a unified product and technology ecosystem
  • Drive the design and delivery of global product roadmaps, including the associated technology requirements, operating models and business processes
  • Develop product business cases and engage key stakeholders across the organization including Legal, Technology, Finance, Treasury, Risk and Operations
  • Direct technology and legal budgets and partner with business heads, technology and legal to determine optimal allocations
  • Manage vendor relationships, including evaluation of offerings, selection of vendors and negotiating statements of work
  • Oversee all aspects of the Firm’s Financing Hub, Execution and Clearing platforms including product roadmap, sales and marketing campaigns
  • Analyze market research and understand the competitive marketplace to identify market trends and potential new product opportunities

What we value

These skills will help you succeed in this role

  • Deep understanding of capital markets and financial trading services. Subject matter expertise in foreign exchange, securities lending, securities and derivatives trading, electronic trading and asset management
  • Strong commercial sensibility and track record of leading high-performing product organizations
  • Executive ability to connect enterprise strategy and competitive landscape to client solutions and product delivery
  • Proven ability to work collaboratively across multi-functional stakeholders, divisions and jurisdictions in a global financial institution to deliver commercial and client benefits
  • Strong critical thinking, problem solving, and presentation skills
  • Excellent verbal and written communication, skills

Education & Preferred Qualifications

  • Bachelor’s degree or equivalent
  • MBA, CFA is a plus
  • Minimum of 15 years financial services organization
  • FINRA Series 24, 7 and 63 is a plus

Additional requirements

  • Travel may be required

Salary Range:

$300,000 - $337,500 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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Required skills

Product strategy

Product management

Executive leadership

Roadmapping

Business case development

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About State Street

State Street

State Street Corporation is an American multinational financial services and bank holding company headquartered at One Congress Street in Boston. It is the second-oldest continuously operating U.S. bank, tracing its roots to Union Bank, chartered in 1792.

10,001+

Employees

Boston

Headquarters

$55B

Valuation

Reviews

10 reviews

3.7

10 reviews

Work-life balance

3.2

Compensation

4.0

Culture

3.8

Career

3.4

Management

2.8

68%

Recommend to a friend

Pros

Supportive colleagues and team culture

Good benefits and retirement plans

Learning and advancement opportunities

Cons

Heavy workload and overtime expectations

Poor management direction and support

High stress and fast-paced environment

Salary Ranges

101 data points

Mid/L4

Senior/L5

Mid/L4 · Alpha Business Strategy Manager

3 reports

$197,410

total per year

Base

$151,923

Stock

-

Bonus

-

$153,282

$211,127

Interview experience

5 interviews

Difficulty

2.6

/ 5

Duration

21-35 weeks

Offer rate

20%

Experience

Positive 20%

Neutral 60%

Negative 20%

Interview process

1

Application Review

2

Recruiter Screen

3

Phone Interview

4

Technical/Hiring Manager Interview

5

Final Interview/Offer Stage

Common questions

Technical Knowledge

Behavioral/STAR

Past Experience

Culture Fit