At a Glance
- Tasks: Lead the strategy and development of innovative financial products in a dynamic environment.
- Company: Join State Street, a global leader in financial services and innovation.
- Benefits: Enjoy competitive pay, flexible work options, and comprehensive benefits.
- Other info: Be part of a diverse team committed to inclusion and community engagement.
- Why this job: Make a real impact on financial solutions that shape the industry.
- Qualifications: Experience in product management and knowledge of OTC derivatives required.
The predicted salary is between 113400 - 138600 £ per year.
Who We Are Looking For
- The
- Product Lead is a critical leader within the
State Street Alpha business unit, driving the strategy, development, and delivery of OTC derivatives and other complex financial instruments.
This role ensures that products align with client needs, regulatory requirements, and the overarching vision of State Street Alpha to deliver front-to-back integrated solutions.
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.
- What You Will Be Responsible For
- Strategic Leadership and Market Insights
- Conduct market intelligence, competitive analysis, and industry trend research specific to OTC derivatives and complex instruments to identify opportunities for innovation and differentiation.
- Lead client discovery sessions to deeply understand operational challenges, regulatory demands, and market needs across buy-side and sell-side participants.
- Develop and maintain a multi-year strategic roadmap for OTC derivatives and complex instrument product lines, ensuring alignment with client needs, evolving regulations, and State Street Alpha’s strategic vision.
- Product Development and Delivery
- Oversee the end-to-end product lifecycle, from ideation and business case development to design, implementation, and delivery.
- Build robust business cases with quantifiable outputs, ensuring a clear ROI and alignment with the business strategy.
- Conduct detailed impact assessments of the product line across State Street Alpha’s e2e systems, ensuring solutions enhance operational efficiencies, mitigate risk, and improve system resilience.
• Embed Agile Practices into product development cycles
- Participate in and lead daily standups, retrospectives, and sprint planning sessions to ensure clear progress and resolve blockers.
- Collaborate with Agile Scrum Masters in IT to drive seamless communication between business and technology teams.
- Incorporate client feedback iteratively by involving clients in regular demo sessions and milestone reviews, ensuring products meet user expectations.
- Partner with the architecture team to ensure that products are developed in line with modern design principles, supporting scalability and system integration across Alpha’s platforms.
- Collaborate with the development teams to oversee execution, ensuring that timelines, budgets, and quality standards are met.
- Client Implementation and Standardization
- Manage the product line’s involvement in client implementations, ensuring seamless delivery and adherence to client-specific requirements for OTC derivatives and complex instruments.
- Actively contribute to Alpha’s Guilds, including financial product-focused groups and client implementation teams, to share knowledge and foster best practices across implementations.
- Use cross-client interactions to establish standards and frameworks that promote consistency in processes, reporting, and product delivery across Alpha’s client base.
- Operational and Technical Oversight
- Drive initiatives to improve system redundancies and operational efficiencies within OTC derivatives workflows, ensuring products are robust and future-proof.
- Stay ahead of regulatory changes affecting OTC derivatives (e. g., uncleared margin rules, clearing mandates) and ensure compliance is embedded in product features and delivery models.
- Integrate new technologies like automation, AI, and distributed ledger technology (DLT) where appropriate to enhance operational workflows for complex instruments.
- Collaboration and Leadership
- Work closely with cross-functional teams, including engineering, client success, sales, and operations, to ensure cohesive product delivery.
- Represent the product team in executive-level discussions, ensuring alignment with State Street Alpha’s strategic goals and providing input on the broader product portfolio.
- Act as a thought leader within the organization, sharing expertise on OTC derivatives and complex instruments and mentoring junior team members.
- What We Value
- These skills will help you succeed in this role
- Extensive knowledge of OTC derivatives, structured products, and other complex financial instruments.
- Proven experience in product management, including strategy development, product delivery, and client implementations.
- Strong understanding of front-to-back trade lifecycle management, financial systems architecture, and operational workflows.
- Expertise in global regulatory frameworks affecting financial instruments, such as UMR, EMIR, and Dodd-Frank.
- Proficiency in Agile methodologies and tools, with a track record of leading iterative development cycles.
- Exceptional communication and stakeholder management skills, with the ability to build relationships across diverse teams and senior leadership.
Education & Preferred Qualifications
- Experience with data analytics tools (e. g., SQL, Tableau, Python) to derive insights and support decision-making.
- Familiarity with emerging technologies like AI, machine learning, and DLT within financial services.
- Prior experience working within a financial services technology platform or a similar business unit.
- CFA, MBA, or Masters preferred
- About State Street
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.
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.
Alpha Complex Instruments Product Lead, Vice President in London employer: State Street Corp
State Street Corp is an exceptional employer that fosters a collaborative and innovative work culture, empowering employees to thrive in their roles. With a strong focus on professional development and growth opportunities, particularly in the dynamic field of client relationship management, employees can expect to engage with industry leaders while enjoying a supportive environment that values strategic thinking and proactive engagement. Located in a vibrant area, State Street offers unique advantages such as flexible working arrangements and a commitment to employee well-being, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Alpha Complex Instruments Product Lead, Vice President in London
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like State Street Corp. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from State Street Corp.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like State Street Corp. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Alpha Complex Instruments Product Lead, Vice President in London
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in State Street Corp and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show State Street Corp how you can be a team player!
How to prepare for a job interview at State Street Corp
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with State Street Corp.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with State Street Corp's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
