What are the responsibilities and job description for the Head of Digital Asset Solutions, SVP/SMD position at State Street?
Across the globe, institutional investors rely on State Street to help them manage risk, respond to challenges through solutions, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged professionals are essential to our success.
Our commitment to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.
Who We Are Looking For
The Head of Digital Solutions within State Street’s Product Division is a strategic and creative thought leader with a deep understanding of digital asset technology and extensive institutional experience. The Head of Digital Solutions will be responsible for driving the execution of the enterprise strategy for State Street Digital. This is an exciting opportunity for a visionary executive looking to take a leadership role in building the future digital infrastructure of financial markets.
This role will report directly into the Head of Custody, Digital and Fund Services Product, and will work closely with partners in the Investment Servicing leadership team (product, technology, global delivery and chief commercial office) to execute effectively. In addition, they will be engaged with State Street’s clients, partners and vendors, from conception of new products to delivery of services.
This role requires knowledge of State Street’s business operations – particularly in the areas of custody, accounting, transfer agency, payments and data services - as well as a broad understanding of next generation technologies, including distributed ledger technologies (Blockchain), tokenization services, wallet technology, cryptocurrencies, and AI. This role also requires a strong background in digital transformation and business change management to help grow nascent businesses.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.
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 Head of Digital Solutions you will:
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
$225,000 - $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.
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
Job ID: R-770720
Our commitment to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.
Who We Are Looking For
The Head of Digital Solutions within State Street’s Product Division is a strategic and creative thought leader with a deep understanding of digital asset technology and extensive institutional experience. The Head of Digital Solutions will be responsible for driving the execution of the enterprise strategy for State Street Digital. This is an exciting opportunity for a visionary executive looking to take a leadership role in building the future digital infrastructure of financial markets.
This role will report directly into the Head of Custody, Digital and Fund Services Product, and will work closely with partners in the Investment Servicing leadership team (product, technology, global delivery and chief commercial office) to execute effectively. In addition, they will be engaged with State Street’s clients, partners and vendors, from conception of new products to delivery of services.
This role requires knowledge of State Street’s business operations – particularly in the areas of custody, accounting, transfer agency, payments and data services - as well as a broad understanding of next generation technologies, including distributed ledger technologies (Blockchain), tokenization services, wallet technology, cryptocurrencies, and AI. This role also requires a strong background in digital transformation and business change management to help grow nascent businesses.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.
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 Head of Digital Solutions you will:
- Drive execution of the overall strategy for State Street Digital
- Contribute to the enterprise strategy representing Digital Solutions as a thought partner
- Review and implement an effective product management governance framework for Digital ensuring appropriate planning, coordination, and product effectiveness assessments
- Establish a commercial model for Tokenization as a Service and other subsequent digital products
- Establish key performance metrics for evaluating effectiveness against objectives
- Establish training forums to ensure understanding of Digital go-to-market strategy and product portfolio across State Street
- Create and/or participate in forums internally and externally with clients and industry participants to deliver thought leadership and encourage idea sharing and innovation, including the sharing of best practices
- Oversee a team of Digital specialists to develop sustainable, scalable operational solutions and best-in-class client service delivery models
- Oversee the negotiation, onboarding and management of the full life-cycle of relationships with third parties
- Engage effectively with business partners within the Product organization and outside of Product to ensure risks and controls in new models are understood and appropriately managed, and that the business operates in compliance with jurisdictional regulatory requirements.
- Constructively challenge the status quo; collaborate with the Head of Compliance, Head of Risk, Legal and senior members of the Investment Services organization to help accelerate product development cycles
- Produce regular progress updates and develop a risk metric framework to ensure full transparency and clarity of deliverables
- 15-20 years in financial services, either in front office, capital markets, trading, operations and/or client service
- Proven change management abilities delivering successful outcomes on transformation initiatives
- Significant understanding of relevant enterprise financial technology solutions
- Proven track record in driving innovative products from ideation through design and development (preferably within large, complex organizations), inclusive of commercial considerations
- Experience working with asset management, asset owner, insurance company clients
- Track record in the understanding of governance processes to drive implementation of service or tech changes
- Excellent presentation, communications, collaboration and influencing skills
- Proven ability to build relationships with internal and external partners and stakeholders
- Substantial experience of building and managing globally distributed teams
- Experience in developing, implementing and going to market with Digital products and services (Distributed Ledger Technology (blockchain), smart contracts, tokenization, wallet technologies, cryptocurrencies)
- MBA or advanced degree preferred
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
$225,000 - $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.
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
Job ID: R-770720
Salary : $225,000 - $337,500
