What are the responsibilities and job description for the Wealth Custody and Clearing Product Management Executive, MD position at State Street?
Who we are looking for
Wealth Custody and Clearing is seeking a visionary Product Management Executive to lead the global product strategy, buildout, and lifecycle management for our introducing broker-dealer and wealth custody platform. This executive will be responsible for end-to-end product ownership—including design, development, third-party integrations, and ongoing enhancement of all platform capabilities. The ideal candidate will have deep experience in trading, rebalancing, clearing, and third-party integrations, with a proven track record of launching and scaling innovative wealth and custody solutions across multiple markets. A strong background in leveraging AI to drive product innovation and operational efficiency is essential. This role reports to the Wealth Custody and Clearing COO and will be based in Boston, MA, Austin, TX, or another strategic global location.
Why this role is important to us
As Wealth Custody and Clearing expands its global footprint, the Product Management Executive will be the architect and owner of our product vision and roadmap. This leader will ensure our platform delivers differentiated value to clients, supports seamless integration with third-party providers, and remains at the forefront of digital and AI-driven transformation. The role is critical to our ability to compete globally, deliver exceptional client experiences, and maintain operational and regulatory excellence.
What you will be responsible for
- Own the end-to-end product lifecycle for the wealth custody and clearing platform, from ideation and design through launch, enhancement, and sunset.
- Lead the buildout of new product capabilities, including trading, rebalancing, account onboarding, cash management, and advisor/client-facing tools.
- Drive the integration of third-party solutions, APIs, and fintech partnerships to expand platform capabilities and accelerate time-to-market.
- Develop and execute a global product strategy that aligns with business objectives, regulatory requirements, and evolving client needs.
- Champion the adoption of AI and advanced analytics to enhance product features, automate workflows, and optimize client and advisor experiences.
- Work closely with internal engineering teams to prioritize product features, manage development sprints, and ensure alignment between product vision and technical execution.
- Oversee and manage third-party product roadmaps, collaborating with external partners to ensure deliverables are aligned, delivered on time, and within budget.
- Collaborate with technology, operations, compliance, and business development teams to deliver scalable, secure, and compliant solutions.
- Monitor industry trends, competitive landscape, and regulatory developments to ensure our platform remains innovative and differentiated.
- Engage with clients, advisors, and partners to gather feedback, validate product concepts, and drive continuous improvement.
- Prepare and deliver presentations for executive leadership, boards, and external stakeholders on product vision, strategy, and performance.
- Foster a culture of innovation, agility, and accountability within the product organization.
What we value
- Deep expertise in product management for wealth custody, clearing, trading, and digital wealth platforms.
- Demonstrated experience with third-party integrations, API ecosystems, and fintech partnerships.
- Global perspective and experience managing products across multiple markets and regulatory environments.
- Strong background in trading, rebalancing, and clearing operations.
- Proven ability to leverage AI and automation to drive product innovation, workflow efficiency, and superior client outcomes.
- Strategic thinker with strong execution skills and the ability to lead cross-functional teams.
- Excellent communication and stakeholder management skills.
- Digital-forward mindset and passion for transforming the wealth management industry.
Education & Preferred Qualifications
- Undergraduate degree required; graduate degree preferred.
- 12–15 years of related experience, including 7–10 years in product leadership roles.
- Industry certifications (e.g., Series 7/24/63/79, CRCP, CPO, CFA) strongly preferred.
- Demonstrated experience building and managing global wealth and custody products.
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.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Salary : $170,000 - $267,500
