Alternatives Business Solutions - Private Equity, Managing Director

Who We Are Looking ForState Street is seeking a Managing Director to lead Private Equity Business Solutions and Platform Strategy within Alternatives. This executive leadership role will be responsible for defining and executing the strategic vision for the Private Equity servicing platform, with a particular focus on Investran and the broader ecosystem of applications, workflows, integrations, controls, and operating model components that support the Alternatives business.The successful candidate will serve as the primary business leader responsible for aligning technology capabilities, operational processes, data strategy, and client requirements to create a scalable, efficient, and modern Private Equity servicing platform. This individual will partner closely with Global Delivery, Technology, Product, Operations, Data Strategy, and Client Service teams to drive platform modernization, improve operational resiliency, and establish best practices across the Private Equity organization.What You Will Be Responsible ForPlatform Strategy & Transformation LeadershipDefine and maintain the strategic roadmap for the Private Equity technology platform with Investran serving as a foundational component of the operating model.Lead multi-year modernization initiatives focused on application rationalization, automation, workflow digitization, data quality, and platform integration.Establish a future-state operating model that supports scalability, process standardization, and operational excellence across Private Equity servicing functions.Drive the evaluation, prioritization, and execution of strategic business initiatives impacting accounting, investor services, allocations, reporting, workflow management, and data management capabilities.Partner with Technology and Product teams to align investment priorities with business objectives and client requirements.Investran Leadership & GovernanceAct as the senior business owner and subject matter leader for Investran strategy, governance, and adoption across Private Equity operations.Establish platform standards, governance frameworks, and operating procedures to ensure consistent utilization across regions and service teams.Drive enhancements, integrations, controls, and automation opportunities surrounding Investran and supporting applications.Lead business readiness activities for major platform upgrades, releases, conversions, and new functionality deployments.Partner with operational teams to identify opportunities to reduce manual processing, improve data lineage, and increase straight-through processing.Production Support & Operational ExcellenceProvide executive oversight for Private Equity platform stability, service delivery effectiveness in collaboration with production support.Establish proactive monitoring, issue management, escalation, and root cause analysis procedures to improve platform resiliency.Collaborate with service delivery, operations, and technology teams to analyze production incidents and work to resolve recurring operational challenges.Develop service metrics and operational reporting that provide transparency into platform health, risk exposure, and performance against objectives.Champion continuous improvement initiatives that strengthen controls, reduce operational risk, and improve user experienceBest Practices, Controls & Model OfficeEstablish and maintain a Private Equity Model Office function focused on process optimization, controls, operational governance, and standardization.Develop best practice frameworks for accounting operations, investor services, workflows, controls, onboarding, reconciliations, and reporting.Proven ability to lead global, cross-functional teams in complex and highly regulated environments.Education & ExperienceBachelor's degree in Finance, Accounting, Information Systems, Business Administration, or related field.Advanced degree preferred.15+ years of experience in Alternatives, Asset Servicing, Private Equity, Fund Administration, Financial Technology, or related disciplines.Significant leadership experience overseeing technology strategy, business transformation, or enterprise platform modernization.Demonstrated expertise in Private Markets operating models and large-scale technology implementations.Success MeasuresThe Managing Director will be measured on:Advancement of the Private Equity platform strategy and roadmap.Improvement in operational efficiency and automation.Enhanced Investran platform adoption and governance.Reduction of operational risk and production incidents.Increased platform scalability and standardization.Delivery of transformation initiatives on scope, budget, and timeline.Improved client and employee experience.Salary Range: $170,000 - $267,500 AnnualThe 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.Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.For a full overview, visit .About State StreetAcross 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/careersRead our CEO StatementJob 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.SummaryLocation: Quincy, MassachusettsType: Full time