At a Glance
- Tasks: Lead the Alpha Benchmark Services team and drive innovative data management solutions.
- Company: Join State Street, a global leader in financial services and data management.
- Benefits: Enjoy competitive salary, comprehensive benefits, and flexible work-life support.
- Other info: Be part of an inclusive culture that values diversity and empowers employees.
- Why this job: Make a significant impact in a dynamic industry while shaping the future of data services.
- Qualifications: 15+ years in data management with strong leadership and communication skills.
The predicted salary is between 136000 - 241000 £ per year.
State Street Alpha Data Service (ADS) is the data-as-a-service provider that is the backbone of the Alpha front to back strategy. Combining both technology and service provision to deliver significant data management value to our clients. We're looking for a candidate to lead our Implementation Leads.
The team you will be joining is part of a global, cross-divisional group supporting State Street AlphaSM. State Street AlphaSM redefines the common definition of ‘alpha’ to mean powering better performance and outcomes at every point on the investment lifecycle and is the first open platform from a single provider that connects the front, middle and back office. It harmonises data, technology and services across trusted providers to help our clients better manage their businesses. Join us if making your mark in an ever-changing, increasingly complex and competitive industry is a challenge you are up for.
As the ADS Alpha Benchmark Services Practice, Managing Director: The position will sit within ADS and report to the ADS Market Data Practice, Managing Director. The role will be responsible for the management and commercialisation of the Alpha Benchmark Service proposition and client oversight.
The Managing Director will be responsible for developing a service model covering all use cases in the Alpha model – to include and not limited to:
- Delivering indexes/benchmarks to CRIMS; ADP; external OMS; Alpha Performance Services and integrations with Alpha RPA product partners – Axioma/MSCI/Factset/BBG Port.
- Leading the engagement with RIMES to develop and monitor a strategic product roadmap.
- Negotiating commercial arrangements – supported by Alpha executives.
- Managing the RIMES relationship on a day-to-day basis.
- Overseeing the RIMES delivery of BAU and product development initiatives.
- Assessing the need/integration model for working with alternative index sourcing solutions into the Alpha Benchmark services.
- Working closely with Alpha/STT business development partners to ensure practice capabilities are clearly articulated and support business development activities.
- Developing and maintaining a client-facing commercial terms sheet.
- Staying informed of more general Alpha product changes (e.g. Alpha EDM) and leading the impact assessment and response to these changes.
- Leading discussions with Alpha Index Hub Product and setting the quarterly/annual development agenda and budget with the AIH Product Lead.
- Actively supporting key client engagements such as VTAM – to ensure the client successfully converts to Alpha Benchmark services.
- Enforcing the utilisation of the Alpha Standard Documentation.
- Working with relevant teams to develop and maintain the ASIS and other relevant practice standards.
- Partnering with broader State Street organisation to provide solutions in support of any new client requirements that are extensions of the standard or in some select cases a client-specific bespoke solution.
- Leading the deployment of AI opportunities to the benefit of clients and Alpha servicing teams.
These skills will help you succeed in this role:
- Demonstrate excellent communication skills across all channels and levels of recipients including team members, colleagues, clients at all levels including C suite.
- Demonstrate excellent motivational skills and lead by example in all areas.
- Support a culture of commitment, teamwork and productivity alongside diversity and work-life balance.
- Must have experience in Front, Middle and Back Office services.
- Deep experience in the Index and Benchmark Domain – including servicing complex FO use cases for highly customised benchmarks and ETF businesses.
- Extensive experience with Financial Services data domains – Security Reference Master, Positions, Transactions, Cash, Performance, Analytics.
- Must have demonstrated success in Practice/Product management.
- Knowledge of Data Management, Data Governance, Service Catalogue, Data Lineage tools, Operational Dashboards, Process Monitoring tools.
- Working knowledge in Azure cloud platforms and Snowflake.
- Knowledge about internal and external integrations, triaging issues and implementing/recommending solutions to data problems and anomalies.
Education & Preferred Qualifications:
- University degree in the field of computer science, data management or other financial services technical field.
- 15+ years in data management, product and market data roles and responsibilities.
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.
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.
Head of Benchmarks - Alpha Data Services, MD in London employer: State Street Bank
At State Street, we pride ourselves on being an exceptional employer, offering a dynamic work culture that champions diversity, teamwork, and work-life balance. As the Head of Benchmarks in our Boston office, you'll have access to comprehensive benefits, including a robust retirement plan and flexible development opportunities, all while contributing to a leading data-as-a-service provider that empowers institutional investors globally. Join us to make a meaningful impact in a supportive environment that values your growth and success.
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We think this is how you could land Head of Benchmarks - Alpha Data Services, MD in London
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We think you need these skills to ace Head of Benchmarks - Alpha Data Services, MD in London
Some tips for your application 🫡
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