State Street India
State Street India | Custody Product Development Manager / Lead - Core Banking, Managing Director
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Job Highlights
Responsibilities
- The role will Initiate, design and develop the strategic platforms and support the strategy to decommission legacy platforms including the migration to strategic platform to support client growth, enhance client experience, products and operating model.
- The person would have the depth and expertise to drive change within Cash, Payments and Liquidity arena, This individual will be key in supporting the overall head of product development.
- Oversee the collection of input from subject matter experts, operations teams, product managers, client service teams and/or our clients for the purpose of developing complete service and development of efficient operating models.
- Build the strategic banking platforms and overall cash management capability.
- Build out value stream products to support the business.
- Deliver a clear product roadmap in-collaboration with Product Development head , includes prioritization and budget planning annually , with IT and Operations.
- Lead solution to support tranche migrations part of the business and client migration strategy.
- Lead the development and analysis of product-related change, including commercially-viable and client focused business cases, with prioritization and approval of product, operational and regulatory change.
- Manage and support the team to drive the change agenda and ensure change remains aligned to existing regulation and/or internal policies.
- Lead the capability model - design and efficiency of the operating model, standards and technical stack/architecture, with an objective to simplify where possible working with the Product Management, Technology and Global Delivery.
- Evaluate digital asset capabilities
- Work well within a virtual team that includes members from across State Streets global operations, product and IT development teams, contractors, software vendors and other industry participants to design, develop, test and implement solutions that support current and future business requirements
- Worked in Product organizations in prior roles
- Responsible for issue and risk escalation
Requirements
- Ability to apply knowledge of system behavior and business processes as well as industry knowledge and best practices to design the product and platforms.
- Ability to clearly articulate impact of any changes to various stakeholders , including preparing presentations; ability to train and develop these skills in more junior team members or direct reports.
- Ability to oversee, review and edit documentation to ensure completeness and clarity prior to submitting for use in developing solutions as required.
- Have a good understanding of Agile with respective to role as product owners , guidance on stories and epics, establish a backlog and groom that backlog to guide the team as required.
- Strong analytical and presentation skills.
- Prior experience of successfully delivering change in a complex environment whilst managing competing environments, and delivering projects using Agile and Waterfall techniques.
- Proven change agent with track record of delivery.
- Track record of engagement with complex clients, solutioning operating models and developing feature function capability for State Street platform.
- Strong stakeholder management skills with an ability to navigate organization.
- Product and operational background or experience with deposit banking services and cash management is desirable and delivering change programmes.
- Experience with implementing or operating business such as a global payment and banking networks and understanding messaging standards and mechanisms in cash payments.
- Agile experience as a Product Owner or Principle Product Owner is desired.
- Prior experience working in Operations and/or technology.
- In depth understanding of e,g, cash management , payments and deposit banking products; seamless client migrations and decommissioning of legacy branches.
- Maintain up to date understanding of local regulatory impacts.
About the company
State Street
State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.
In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.
