What are the responsibilities and job description for the Alpha Product Owner, AVP position at State Street?
Who we are looking for
In the Alpha Product Owner, AVP role, the incumbent will be the link between business teams, IT, and external parties to support Alpha’s industry leading Transaction Management and Trade Confirmation platform. In this position you will analyze business challenges and become a subject matter expert to drive business requirements with our developers. You will play a key role in designing and developing complex solutions to support our clients Front-to-Back transaction needs.
Why this role is important to us
You will collaborate with the customer, global technical teams and key stakeholders across the business to ensure that the business functions of the delivered solution match organizational goals and customer requirements. This role is an integral component in the industry’s first ever Front-to-Back client servicing platform. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As a Alpha Product Owner, AVP you will be responsible for:
- Gathering of business/system requirements by facilitating user/client meetings, interviewing users, and researching.
- Work with our business partners, perform/lead initial analysis of the request, provide assessment and gather estimation of the effort with development teams
- Identify compile, analyze and document business requirements that accurately and thoroughly reflect business needs.
- Document business requirements using clear, concise language consistent with the methodology framework.
- Support ongoing project management- including progress monitoring, reporting and quality assurance throughout the project
- Acts as a liaison between users/client, developers, testers, and implementation specialists.
- Participate in strategic projects, e.g., conducting research, collecting and providing requested data, etc.
- Build and manage strong relationships with project sponsors and stakeholders in Operations, Technology and the business units that focus on complex asset types, understanding competing priorities across these groups.
- Understanding of OTC Derivatives, ETDs, Equity, and Fixed Income standard data modeling, transaction processing, and product knowledge to facilitate architecture, design, and integration.
- Working directly with 3rd party vendors, OMS’, accounting agents and other interested third parties to manage implementations and deployments.
- Coordinating communication protocol setup and integration tests with external parties.
- Understand the firm’s strategic plans, business, process and architecture in order to influence design and develop solutions.
- Working with the implementation lead to detail and understand flows for all in scope financial instruments.
- Assist in identifying any gaps in the process so they are fully tracked through to the delivery, testing and finally incorporation into the standard operating model.
- Provides regular updates at the Program Management and Project levels and keeps senior management/relevant parties abreast of key milestones and deliverables as per the contractual agreement.
- Ensures all processes are fully documented from both a set up perspective and a market knowledge SME perspective.
- Ensure all processes are automated wherever possible and continue to look for new opportunities for automation.
What we value
These skills will help you succeed in this role
- Product Owner (or similar) experience a plus
- Experience in SDLC & Agile Methodology
- Experience with Complex OTC Derivatives a plus
- Experience working with event-driven architectures, relational / NoSQL databases, and schema management
- Must have strong communication, analytical, and problem solving skills
- Ability to think creatively and strategically with a focus on achieving outcomes
- Proven history solving complex client use cases with effective business and technology solutions
- Must be detail oriented
- Demonstrate excellent process and project management skills
- Must be able to work independently as well as a part of a larger global team
- Must have strong networking skills to assist in pulling together individuals and requirements from key areas
- Ability to work on multiple projects concurrently and prioritize work accordingly
Education & Preferred Qualifications
- Bachelor’s degree with at least 3 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 middle and back office
- Experience using Agile Methodology tools (i.e. JIRA, RTC, etc.)
- Strong user of the Microsoft Office Suite of products
- 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
Additional requirements
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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.
Discover more at StateStreet.com/careers
Salary Range:
$80,000 - $132,500 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.
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.
State Street's Speak Up Line
Salary : $80,000 - $132,500
