At a Glance
- Tasks: Design and develop innovative ETFs & Pooled Funds for institutional clients.
- Company: Join State Street, a leader in financial services and investment management.
- Benefits: Flexible work-life support, paid volunteer days, and inclusive development opportunities.
- Other info: Collaborative environment with strong career growth potential.
- Why this job: Make a real impact in the investment world with cutting-edge product innovation.
- Qualifications: 7+ years in product development, especially in the ETF industry.
The predicted salary is between 43200 - 72000 € per year.
Overview
The Product Innovation role will be a member of the International Product Innovation team supporting the development and range management of State Street Investment Management (SSIM) EMEA ETFs & Pooled Funds. This includes the research, design, and build of new active and index ETFs & Pooled Funds across SSIM’s range of investment capabilities. The International Product team is part of SSIM’s Global Product Innovation team, which operates within the Chief Business Office (CBO), supporting the Client Coverage Group and Global Investment team to research, design, and deliver innovative products and solutions to SSIM’s clients across asset classes and investment styles, including sustainable investing.
The Product Innovation role will collaborate with colleagues in the Global Investment teams, portfolio strategists, sales specialists, client/consultant-facing teams, Capital Markets, and the broader Global Innovation Product team to drive our ETF & Pooled Funds agenda.
Key Responsibilities
- Design, develop, and deliver new EMEA-domiciled ETFs & Pooled Funds to support SSIM EMEA Institutional and Intermediary clients and prospects, aligned with SSIM’s overall strategy and business priorities.
- Develop, support, and execute SSIM’s EMEA product roadmap and contribute insights to the global product roadmap, including sustainable investing initiatives.
- Execute the product strategy, develop business cases, design product features, and coordinate launches. Work cross-functionally to develop and position the firm\'s EMEA product range.
- Analyze market research and understand the competitive landscape to identify market trends and potential new product opportunities.
- Understand the needs of SSIM’s EMEA institutional and intermediary clients and prospects, the market opportunities, and how best to respond using SSIM’s investment capabilities.
- Manage the full product lifecycle of the existing range of funds; analyze and, where appropriate, adjust pricing, positioning, and operating models to ensure they remain market-leading products; merge or close products if needed.
- Build strong relationships and collaborate effectively with the Global Product Innovation team and key internal and external business partners.
- Contribute to and produce key management reports to support a strong governance process and ensure accountability for the Product Innovation team.
Key Requirements
- 7+ years of experience in product development, design, or as a product strategist/investment strategist with a demonstrable track record of delivering successful outcomes, preferably in the ETF industry
- In-depth knowledge of the Fixed Income product landscape and investment strategies.
- Familiarity with the regulatory environment, including MiFID, UCITS, AIFMD, BMR, and SFDR, and client demand.
- Experience and knowledge across all elements of the product development process: research, strategy, structuring, launch coordination, and product lifecycle management.
- Stakeholder management skills to lead complex projects with stakeholders across multiple teams and geographies.
- Strong capabilities in researching and analyzing market trends and intelligence to support product strategy and design, including experience using third-party databases.
- Problem-solving skills with the ability to identify, analyze, escalate, find viable alternatives, and recommend solutions.
- Highly effective relationship-building and strong collaborative skills across all levels and teams within a global business.
- Ability to be persuasive and articulate in presenting complex ideas and issues to teams across the business in a clear and succinct way, including presentations to the Funds’ Product Committees and Boards.
- Excellent communication and teamwork skills.
- Advanced skills in Bloomberg, Morningstar, Microsoft Excel, and PowerPoint.
About State Street
Around 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 State Street
Read our CEO Statement
Product Innovation, Assistant Vice President, State Street Investment Management in City of London employer: State Street
State Street Investment Management is an exceptional employer that prioritises employee growth and inclusivity, offering a dynamic work culture where innovation thrives. With a commitment to professional development, flexible work-life balance, and vibrant employee networks, you will find ample opportunities to contribute meaningfully while collaborating with talented professionals in the heart of London’s financial district.
StudySmarter Expert Advice🤫
We think this is how you could land Product Innovation, Assistant Vice President, State Street Investment Management in City of London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to folks on 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.
✨Ace the Informational Interview
Set up informal chats with professionals in the field. This is your chance to learn more about the role and the company culture while showcasing your enthusiasm. Plus, it’s a great way to get insider tips on how to stand out when applying through our website!
✨Showcase Your Skills
Prepare a portfolio or case studies that highlight your previous work and successes. When you get the chance to chat with hiring managers, having tangible examples of your skills can really set you apart from the competition. We want to see what you can bring to the table!
✨Follow Up Like a Boss
After interviews or networking events, don’t forget to send a follow-up message. A simple thank you note can go a long way in keeping you top of mind. It shows you’re genuinely interested and professional, which we love to see at StudySmarter!
We think you need these skills to ace Product Innovation, Assistant Vice President, State Street Investment Management in City of London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Product Innovation role. Highlight your experience in product development and any relevant skills that align with the job description. We want to see how your background fits into our vision!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us why you're passionate about product innovation and how your skills can contribute to our team. Be genuine and let your personality come through.
Showcase Relevant Experience:When detailing your experience, focus on specific projects or achievements that relate to ETFs and pooled funds. We love seeing concrete examples of how you've driven successful outcomes in your previous roles.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen to join our team!
How to prepare for a job interview at State Street
✨Know Your Products Inside Out
Before the interview, dive deep into the specifics of ETFs and Pooled Funds. Understand their features, benefits, and how they align with market trends. Being able to discuss recent innovations or changes in the ETF landscape will show your passion and expertise.
✨Showcase Your Stakeholder Management Skills
Prepare examples that highlight your experience in managing complex projects with multiple stakeholders. Think about times when you successfully collaborated across teams or geographies, and be ready to share these stories during the interview.
✨Demonstrate Market Insight
Research current market trends and regulatory changes affecting the investment landscape, especially in the EMEA region. Be prepared to discuss how these factors influence product development and client needs, showcasing your analytical skills.
✨Practice Clear Communication
Since this role involves presenting complex ideas, practice articulating your thoughts clearly and succinctly. Consider doing mock interviews with a friend or mentor, focusing on how you explain intricate concepts related to product strategy and design.
