Head of Product Strategy, GlobalLINK, Managing Director

Who we are looking for

The Head of Product Strategy, GlobalLINK, Managing Director will be responsible for working with the business heads to define the global strategy, vision and development priorities for GlobalLINK across FX Connect, Currenex, Fund Connect, TradeNexus, Clear Connect and shared GlobalLINK services.   Additional responsibilities will include ownership of the product roadmap for shared services and execution and implementation of the product vision.

Why this role is important to us

The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world's institutional investors, we deliver the industry's most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients' investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions - data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance - we deliver a breakthrough edge to drive business success.
 

Investors are operating in increasingly complex regulatory and financial environments. Access to efficient, comprehensive trading solutions is vital to remaining competitive.

Our GlobalLINK suite of award-winning electronic trading solutions deliver increased transparency, improved trading efficiency and quantifiable execution.

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

As Head of Product Strategy, GlobalLINK, Managing Director you will:

• Develop Product Strategy working alongside business heads to meet growth targets and adhere to Corporate Goals
• Ensure that the business has the right product management structure to operate effectively
• Drive implementation and tracking of new business opportunities along with the business & product heads
• Develop and monitor the strategic business plan, vision and technical budgets for the GlobalLINK business unit in line with corporate goals. 
• Possess deep product knowledge and understanding of FX/FI market trends. Drive product innovation to maintain competiveness, client satisfaction and increase market share and generate new revenue streams.  Ensure global business revenue, expense and risk excellence targets are met and exceeded.
• Ensure the development and enhancement of the execution platforms, liquidity management and management information to ensure compliance with highest risk excellence standards and Regulatory compliance.   Work closely with Corporate and Control functions.
• Develop client relationships and industry experts/bodies relationships.
• Work closely with partners across State Street, including Sector Solutions, across Global Markets including the FX trading desk and GlobalLink internal partners such as technology, client integration, techops and the helpdesk to ensure that product roadmaps are achieved and development risks for our trading platforms are understood and minimized

The Scope of the role's managerial responsibilities:

• Ensure that your team has clear understanding of their reporting lines, authority levels, scope of responsibilities (including those delegated to them and those they delegate), objectives, training and competency requirements plus progress is reviewed regularly in line with Company policy, and are regulatory registered where appropriate for their role.
• Develop effective working relationships and communications with staff and ensure that staff are motivated, developed and supported.
• Establish and monitor systems of control, delegated authority and escalation procedures so that the business complies with internal policies and external regulations and can be managed effectively.
• Adhere to the delegation and oversight (management information and escalation) framework in the performance of daily tasks.  This includes taking proactive action to ensure there is adequate protection of management information, that it is fit for purpose and issues are raised as appropriate. 
• Establish and monitor an effective delegation framework to ensure that tasks are performed by staff members with appropriate capacity and authority level (based on knowledge, skills and competence).
• Establish and monitor an effective oversight framework to ensure that issues are appropriately identified, escalated and resolved. 
• Establish and nurture a culture of 'Risk Excellence' within the team, encourage an environment of openness that welcomes effective challenge and supports open discussion.
• Ensure you make reasonable decisions by exercising reasonable care when considering information available to you. 
• Establish and nurture a culture of individual ownership of tasks to embed a clear individual sense of accountability into staff members' behavior in performing their roles.
• Ensure that the highest level of the Code of Conduct is displayed in your own and staff behavior.

What we value

• Extensive experience in the electronic trading platform space preferably from FX or short-term fixed income sectors.
• A natural leader

• Aptitude for, and common-sense approach to problem solving
• Excellent interpersonal and organizational skills
• Superb communicator with clients and all levels of internal staff
• Financial aptitude - ability to formulate, understand and manage budgets
• Great people managerial skills
• Ability to drive through key initiatives

Education & Preferred Qualifications

• Bachelors or higher in a relevant field

Additional requirements

• First class product knowledge and understanding of the GlobalLINK business.
• Proven record of setting and delivering strategic change and increasing efficiency globally.
• Ability to work across business unit to create strategy presentations for senior management
• Influencing skills - ability to communicate effectively with senior stakeholders and business leaders inside and outside the business.
• Commercial acumen - detailed knowledge of the economic drivers of the business and how the business can position itself to take advantage of opportunities and minimize threats to revenue.
• Ability to install discipline when allocating resources to improve business efficiency.
• Results orientated - capacity to prioritize, stay on top and quarterback a wide variety of business initiatives internally within the firm and also externally with industry bodies, exchanges, clearing houses and regulators.  Often this will require leading from the front and taking the initiative to improve structure, direction and prioritization over the global objective.
• Effective communication skills with an ability to switch seamlessly from strategic thinking to detailed analysis depending on subject and audience.
• Appreciation of cultural differences globally.
• A person who exemplifies risk excellence and owners mindset
• Adept at managing multiple projects/initiatives (strong attention to detail and the ability to handle several tasks simultaneously
• Courageously challenge
• Ability to drive change
• Great team skills but must be a self-starter and have ability to work under pressure
• Great liaison skills with customers and all levels of internal staff. Proven people manager
• Great communicator and motivator. Ability to effectively communicate with all levels across the organization

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Salary Range:

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.