At a Glance
- Tasks: Lead the vision and strategy for custody products in Europe, driving innovation and growth.
- Company: Join State Street, a global leader in financial services with a commitment to inclusivity.
- Benefits: Enjoy flexible work-life support, paid volunteer days, and vibrant employee networks.
- Other info: Be part of a transformative period in the financial industry with excellent career growth opportunities.
- Why this job: Shape the future of custody products while collaborating with industry leaders and clients.
- 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.
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.
- 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
- 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 in London employer: State Street
State Street is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration. With a strong commitment to employee development, flexible work-life balance, and a culture that values diversity and inclusion, employees are empowered to thrive in their careers. Located in key European hubs such as Germany, Luxembourg, and the UK, State Street provides unique opportunities to engage with industry leaders and shape the future of custody products.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Custody Product Management Europe in London
✨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 help you land 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 underestimate the power of follow-ups! After an interview, drop a quick thank-you note to express your appreciation and reiterate your interest. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect directly with us. Let’s make it happen!
We think you need these skills to ace Head of Custody Product Management Europe in London
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 State Street's vision.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're the perfect fit for the Head of Custody Product Management role. Share your passion for the industry and how your previous experiences can contribute to our transformation journey.
Showcase Your Leadership Skills:Since this role involves leading teams and driving strategy, be sure to include examples of your leadership experience. We want to see how you've successfully managed teams and projects in the past.
Apply Through Our Website:We encourage you to apply directly through our website. This ensures your application is received promptly and allows us to review your details efficiently. Plus, it’s the best way to stay updated on your application status!
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
Familiarise yourself with current industry groups and market infrastructures relevant to custody services. Be prepared to discuss your participation in these groups and how you can leverage that experience to drive market leadership for State Street.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to identify areas for improvement in core products. Think of specific scenarios where you've driven efficiency or reduced risk in previous roles, and be ready to share those insights during the interview.
