Managing Director, Wealth Management Product

Who we are looking for?

The role of Managing Director, Product Management is a hands- on product management position with the Wealth Management team at Charles River Development. The candidate will provide business leadership and provide managerial coordination of strategic product initiatives across the department, including product planning and execution of various elements of these initiatives. Scope of work involves developing a market leading Wealth Management platform, including features surrounding multi-asset class model construction, portfolio management and tracking, proposal generation, portfolio risk, and other ancillary value-added capabilities that would service all types of wealth management organizations. Candidate will manage a team of product professionals and associated development team resources, work closely with the broader product management organization, and correspond with User Experience (U/X) and Infrastructure teams to ensure solutions are constructed with maximum workflow efficiency.

The role also serves as an advocate and internal stakeholder for the product area with respect to sales engagements, implementation solutioning, and broader business development efforts.

Why this role is important to us?

The team you will be joining is of key strategic significance to Charles River and the State Street Alpha platform. Wealth Management industry is increasingly looking to consolidate their operations and personnel to minimize their total cost of ownership across their varying investment solutions. Through native development of market leading functionality as well as via strategic partnerships, Charles River's wealth management platform is expected to provide best in class capabilities for a sophisticated and demanding user community.

What you will be responsible for?

As a Managing Director, Product Management in the Wealth Management department, you will be responsible for

• Shaping and executing the firm's strategic vision with respect to wealth management solutions from an organic and inorganic/partnership perspective

• Providing business leadership, design and solution building feedback, and coordinate work efforts across product and development teams

• Contributing to the near- and long-term product roadmap for enhancements including migrating aspects of the solution to cloud/version-less offerings

• Managing teams of senior product managers, product managers, and business analysts to drive towards creating market leading solutions

• Building relationships for serving as a key client touch point for feedback gathering and solution evaluation

• Evaluating potential partnerships and assisting with managing the relationship with partners as part of the Alpha Ecosystem

• Interfacing with counterparts on the technical/development side to ensure team efficiency is maximized and strategic goals are understood and executed upon

• Coordinating relationships across Client Management, Sales, Professional Services, Support, and internal stakeholders for increasing client satisfaction and product adoption

• Working closely with Marketing and Product Strategy to ensure product vision is articulated and understood

• Serving as owner of medium to large initiatives and managing them from inception to completion

What we value These skills will help you succeed in this role

• 10+ years of experience in a product management leadership role that included extensive product planning and execution

• Extensive background/experience in financial services, specifically related to wealth management industry and business functionality related to that function

• Direct experience with wealth management workflows such as model construction, portfolio management workflows for financial advisers, portfolio risk analysis, tax management, idiosyncrasies across SMA/UMA programs and third-party integrations with relevant technologies

• Exposure to software solutions such as Charles River Wealth Management platform, Blackrock Aladdin Wealth, Fact Set, Envestnet, Vestmark, Invest Cloud and/or firm developed solutions in this space

• Strong analytics skills and ability to receive, analyze, and design potential solutions from client/prospect requirements

• Knowledge of asset class behavior across spectrum of equity (cash/derivatives), fixed income (cash/derivatives), FX (outright/derivatives), OTC securities, cash products, and other asset classes

• General understanding of other elements of investment management solution set such as order management, compliance, data, and investment book of record

• Knowledge of the Software Development Life Cycle in terms of Agile methodology

• Excellent communication, organization, and inter/intra team planning and mobilization skills

Education & Preferred Qualification:

• Bachelor's degree in Computer Science/Engineering/Mathematics or Business Degree (Finance, Accounting, Economics or related)

• Advanced degree preferred – MBA or professional certification (CFA, CPA, CIPM)

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.

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.

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