At a Glance
- Tasks: Lead the European Custody Product Management team and drive innovative product strategies.
- Company: Join State Street, a global leader in financial services with a commitment to innovation.
- Benefits: Enjoy flexible work-life support, inclusive development opportunities, and vibrant employee networks.
- Other info: Work in a collaborative environment with excellent career growth potential.
- Why this job: Shape the future of custody products and make a real impact in a dynamic industry.
- Qualifications: Senior-level experience in custody, banking, or asset management with strong leadership skills.
The predicted salary is between 80000 - 100000 € per year.
State Street’s product organisation is leading an exciting period of transformation for the business and requires an experienced European Custody Product Management Head to join the team and take the business forward.
Function
As the European Custody Product Management Head, you will be responsible for Global Custody and Direct Custody Products in Europe. You will have responsibility for the P&L and product strategy collaborating closely with internal stakeholders across technology, operations, risk, sales, and client management teams. The industry is embarking on a period of significant change, innovation and new business opportunities and State Street is looking to play a leadership role. The role will report directly to the Global Head of Custody Product. We are open to candidates based in Germany, Luxembourg, or the UK.
Key Responsibilities
- Developing and driving the vision and product strategy
- P&L Management
- Partner with the business to drive revenue and profit growth
- Own product commercials for direct and global custody across the region
- Partner with operations to manage operating costs, drive process improvements and improve cost to serve
- Lead the development and execution of the Europe custody product strategy including ongoing priorities and annual investment decisions
- Identify areas of improvement in the core products
- Explore new business opportunities that help to shorten the chain of custody, drive efficiency and reduce risk
- Participate in Industry groups across the region to drive market leadership and change
- Partner with clients and industry participants to drive and deliver value added products
- Collaborate on commercial topics with key stakeholder and business partners across functions including legal, risk and compliance.
Skills
- Senior level, experienced talent with deep subject matter expertise in direct custody, global custody and the broader asset servicing product set
- Proven track record of working with large complex clients and establishing strong partnerships at all levels
- Strong working knowledge of technology, market infrastructures and industry partners that support the global custody chain
- Excellent client skills and the ability to engage at all levels
- Strong understanding of operational processes across all aspects of Global Custody
- Active participation in industry groups across the region
- Ability to effectively communicate at all levels within an organization
- Demonstrates strong leadership skills and the ability to effectively manage and mentor staff
- Proven ability to execute on product deliverables and strategic vision
Experience
- Seasoned Director/ED in Financial Services
- Worked in Product organisations in prior roles
- Prior experience working in Custody/Banking/ Asset Management
- Consultative experience working with large complex institutional investors
- Strong team player who can thrive in a large complex global organisation
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.
Discover more information on jobs at StateStreet.com/careers.
Head of Custody Product Management Europe employer: State Street
State Street is an exceptional employer, offering a dynamic work environment where innovation and collaboration thrive. With a strong commitment to employee development, flexible work-life balance, and a culture that values diversity and inclusion, employees are empowered to reach their full potential while contributing to the transformation of the custody product landscape in Europe. Join us in a role that not only drives strategic growth but also fosters meaningful connections within a global network of professionals.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Custody Product Management Europe
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and engage with professionals on platforms like LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for those interviews by researching the company and its products inside out. We want you to be able to discuss how your experience aligns with their goals, especially in areas like P&L management and product strategy. Show them you’re the perfect fit!
✨Tip Number 3
Don’t shy away from showcasing your leadership skills. Whether it’s through examples of past successes or how you’ve mentored others, we want to see how you can drive teams forward. Remember, they’re looking for someone to lead the charge in product management!
✨Tip Number 4
Apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of our team at State Street. Let’s make it happen!
We think you need these skills to ace Head of Custody Product Management Europe
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the specific skills and experiences mentioned in the job description. Highlight your expertise in custody product management and any relevant achievements that align with our vision at State Street.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us why you're the perfect fit for the Head of Custody Product Management role. Share your passion for innovation and how you can contribute to our transformation journey.
Showcase Your Leadership Skills:We’re looking for someone who can lead and mentor. In your application, provide examples of how you've successfully managed teams and driven product strategies in previous roles. We want to see your leadership in action!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for this exciting opportunity. We can’t wait to hear from you!
How to prepare for a job interview at State Street
✨Know Your Product Inside Out
As the Head of Custody Product Management, you need to demonstrate a deep understanding of global and direct custody products. Brush up on the latest trends, innovations, and challenges in the custody space. Be ready to discuss how you can drive product strategy and P&L management effectively.
✨Showcase Your Leadership Skills
This role requires strong leadership abilities. Prepare examples of how you've successfully led teams and managed complex projects in the past. Highlight your experience in mentoring staff and collaborating with various stakeholders to achieve common goals.
✨Engage with Industry Knowledge
Participate actively in industry groups and stay updated on market changes. Be prepared to discuss your insights on how these changes can impact State Street's position in the market. This shows your commitment to driving market leadership and innovation.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and strategic thinking. Think of scenarios where you've identified areas for improvement or explored new business opportunities. Use the STAR method (Situation, Task, Action, Result) to structure your responses clearly.
