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.
Function
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.
Skills
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
Experience
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
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
Read our CEO Statement
Skills Required
- Deep subject matter expertise in direct custody and global custody
- Experience with large complex clients
- Strong knowledge of technology, market infrastructures, and industry partners
- Excellent client skills
- Strong understanding of operational processes across Global Custody
- Active participation in industry groups
- Strong leadership skills
- Proven ability to execute on product deliverables
State Street Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about State Street and has not been reviewed or approved by State Street.
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Retirement Support — Retirement support is framed as a standout component, highlighted by a 401(k) match described as 100% on the first 6% of base salary. This is positioned as a meaningful offset to less competitive cash compensation for some roles.
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Leave & Time Off Breadth — Leave and time off are portrayed as relatively robust, with references to multi-week vacation, paid holidays, sick time, and additional days tied to wellness or volunteering. This breadth is repeatedly treated as a tangible part of total rewards beyond base pay.
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Wellbeing & Lifestyle Benefits — Wellbeing and lifestyle benefits are presented as extensive, including the BeWell program, fitness discounts, onsite or supported health resources, and financial counseling. These offerings are depicted as strengthening the overall benefits proposition even when pay satisfaction is tepid.
State Street Insights
What We Do
At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future
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