What are the responsibilities and job description for the Product Strategy, Prime Services Specialist, Vice President position at State Street?
Product Strategy, Prime Services Specialist - Vice President
Why this role is important to us
The team you will be joining is a part of State Street Global Markets (SSGM). Financing Solutions (FS) – including Secured Financing, Prime Services, and Agency Lending business lines -- provides a spectrum of secured financing and cash investment solutions to the buyside community. Our Product Strategy team, in alignment with business team leads, drives new product design and development critical to implementing our client-focused solution set and strategic roadmap.
What You Will Be Responsible For
As a Product Strategy, Prime Services Specialist, VP with a focus on the Prime Services business, you will be responsible for implementing and developing product strategy, delivering new products, managing regulatory change and providing business solutions to the evolving industry. This involves evaluating new product proposals against current capabilities and working across all areas of the business to define and plan necessary changes. The team works hand-in-hand with the Trading, Operations, Relationship Management, Legal, Risk, Finance, Regulatory, Compliance and Technology functions to ensure all perspectives have been considered and incorporated. We measure our success by both the amount and quality of new product implementations we bring to market for our businesses.
Responsibilities
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.
Discover more at StateStreet.com/careers
Salary Range
$110,000 - $177,500 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-769969
Why this role is important to us
The team you will be joining is a part of State Street Global Markets (SSGM). Financing Solutions (FS) – including Secured Financing, Prime Services, and Agency Lending business lines -- provides a spectrum of secured financing and cash investment solutions to the buyside community. Our Product Strategy team, in alignment with business team leads, drives new product design and development critical to implementing our client-focused solution set and strategic roadmap.
What You Will Be Responsible For
As a Product Strategy, Prime Services Specialist, VP with a focus on the Prime Services business, you will be responsible for implementing and developing product strategy, delivering new products, managing regulatory change and providing business solutions to the evolving industry. This involves evaluating new product proposals against current capabilities and working across all areas of the business to define and plan necessary changes. The team works hand-in-hand with the Trading, Operations, Relationship Management, Legal, Risk, Finance, Regulatory, Compliance and Technology functions to ensure all perspectives have been considered and incorporated. We measure our success by both the amount and quality of new product implementations we bring to market for our businesses.
Responsibilities
- Collaborate with cross-functional teams to clearly define, design and implement solutions for complex initiatives supporting the existing business and expanding new products
- Identify areas of potential risk and exposure and develop solutions to reduce risk to clients, the business unit and the bank
- Serve as subject matter expert for relevant projects to assist teams in understanding and successfully delivering products to clients
- Strong understanding of Prime Brokerage and Synthetic Prime Brokerage products
- Ability to lead, prioritize and execute multiple simultaneous priorities and initiatives in defined timeframes
- Intellectual curiosity and creativity combined with orientation to detail; keen ability to distil complex concepts for varied audiences
- 10 years of experience in financial services, preferably in equity finance/prime brokerage
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.
Discover more at StateStreet.com/careers
Salary Range
$110,000 - $177,500 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-769969
Salary : $110,000 - $177,500
