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State Street · 1 day ago

Head of Alternatives Product Development - Managing Director

Boston, Massachusetts

Full-time

Onsite

Lead/Staff

State Street is making a multi-year strategic investment in Private Markets and is seeking a Managing Director, Head of Alternatives Product Development to partner closely with senior leadership. This role involves driving execution across the Alternatives product and technology portfolio, establishing a program management office, and overseeing product platform development and governance.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

Establish and lead the Alternatives PMO, defining delivery standards, governance processes, and reporting frameworks

Oversee execution across the Alternatives product and technology roadmap, ensuring initiatives are properly scoped, prioritized, and delivered

Drive disciplined delivery across concurrent programs using Agile and Waterfall methodologies

Actively manage interdependencies, risks, issues, and delivery milestones across the portfolio

Lead and develop a team of PMO, delivery, and program professionals to enable consistent execution

Oversight of Investment spend to support the various development initiatives across the business

Partner with Product and Technology leaders to support delivery of Alternatives product platforms, including data, analytics, and P&L-related tooling

Ensure product and technology initiatives are aligned to Private Markets strategy and sequenced for effective delivery

Provide oversight of complex data and systems integration initiatives across Alternatives and Asset Servicing platforms

Apply deep knowledge of alternatives servicing and technology stacks to anticipate delivery risks and constraints

Own preparation and coordination of Steering Committee and Executive Committee materials, including:

Monthly executive updates

Progress against milestones and outcomes

Key risks, issues, and dependencies

Decision requests and escalation items

Facilitate governance forums to ensure timely decisions, clear accountability, and issue resolution

Maintain a consistent governance cadence and ensure follow-through on executive actions and decisions

Serve as a trusted partner to senior Product, Technology, Finance, Risk, and Operations leaders

Drive cross-functional alignment by ensuring shared understanding of priorities, timelines, and ownership

Proactively surface delivery risks and trade-offs, enabling informed executive decision-making

Ensure consistent messaging and transparency across the Alternatives delivery organization

Qualification

PMO leadershipAlternatives experienceProduct deliveryStakeholder managementGovernance expertiseRisk managementTechnology transformationData integrationExecutive communicationFinancial managementExcel proficiencyPowerPoint proficiencyTeam leadership

Required

Extensive experience leading enterprise PMOs or large-scale transformation programs within financial services

Significant Alternatives and Private Markets experience, including private equity, private credit, real assets, and fund-of-funds

Strong understanding of asset servicing platforms and operating models (Custody, Fund Services)

Proven success delivering product and technology transformation initiatives in complex, global environments

Deep familiarity with modern technology and data stacks, including analytics and integration platforms

Demonstrated ability to manage multi-year, multi-workstream programs with senior executive visibility

Strong governance, risk, and dependency management expertise

Exceptional stakeholder management and executive communication skills

Track record of influencing senior leaders and driving accountability without direct line ownership

Preferred

Bachelor's or Master's degree in Business, Finance, Technology, or a related field

Significant relevant experience in a PMO, transformation, product delivery, or strategy execution role

Proven experience leading and developing high-performing delivery teams

Demonstrated ability to create executive- and board-level materials, synthesizing complex delivery and technical topics into clear, decision-ready narratives

Advanced proficiency in Excel and PowerPoint

Benefits

Inclusive development opportunities

Flexible work-life support

Paid volunteer days

Vibrant employee networks

Company

State Street

Glassdoor3.5

State Street offers a range of financial services, including investment management, research and trading, as well as asset management.

Founded in 1792

Boston, Massachusetts, USA

10001+ employees

https://www.statestreet.com/

H1B Sponsorship

State Street has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2023 (1)