What are the responsibilities and job description for the Global Head of Product Development, Global Markets Foreign Exchange - Managing Director (onsite) position at State Street?
Who we are looking for
State Street Global Markets (“SSGM”) provides a broad spectrum of client financing solutions to a multitude of client types, across its Foreign Exchange Trading programs. Our Product Development Team, in alignment with business team leads, drives the comprehensive new product architecture and design which is critical to implementing the division’s client-focused solution set.
SSGM seeks an executive to lead the global Product Development efforts. This individual will report jointly to the Head of Foreign Exchange Sales and Trading as well as the Head of Product Innovation and Business Development, work closely with other members of the SSGM senior leadership team, and work collaboratively with cross-business and cross-organizational support functions (e.g., Risk, Institutional Services, Segments/Sales, Legal, Compliance).
Why this role is important to us
The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.
Join us if making your mark in the capital markets industry from day one is a challenge you are up for.
What you will be responsible for
In concert with Product Heads and Business Development leads, develops and drives execution of Foreign Exchange new product development and innovation
- Innovates, Architects and Designs new product to create markets leading opportunities
- Collaborates, evaluates, and validates concepts and plans with clients, partners, or vendors to develop new opportunities
- Works closely with senior executives and Product Management Team to execute business unit plans, product and geographic expansion efforts, ensuring delivery of a world class product as measured by market share, client satisfaction scores and various industry rankings
- Develops product road maps and other tools to communicate progress and portfolio of new products
- Represents State Street at key industry forums, to include speaker panels, relating to foreign exchange
- Stay abreast of and communicate industry trends
- Dynamically fosters a culture encouraging innovation and collaboration, supported by an appropriate risk framework
- Creates a risk and compliance culture that ensures adherence with applicable regulatory provisions, internal and external audit reviews, and overall risk controls
What we value
- Creative, outcome-driven influencer and collaborator with demonstrated leadership and excellent talent development capabilities
- Proven skillset in understanding and communicating industry / client themes and trends into actionable strategy, partnering effectively with a wide range of internal and external constituents
- Demonstrated achievement guiding new products and solutions through rigorous approval requirements (e.g., legal, regulatory, compliance, operations, enterprise risk)
- Comprehensive knowledge of market dynamics and regulatory landscape
- Ability to lead, prioritize and execute multiple, simultaneous priorities and initiatives
Education & Preferred Qualifications
- 10 years of Financial Services experience, with at least 3-5 years of Foreign Exchange background
- MBA, CFA or similar strongly preferred
- Excellent verbal and written communication skills
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.
Salary : $170,000 - $267,500
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