Managing Director Product Management, Fund Accounting & Fund Administration, North America (FAA)

Managing Director, Product Management Fund Accounting & Fund Administration (FAA)

State Street is seeking a Managing Director, Product Management Fund Accounting & Fund Administration (FAA) to lead cross-product product management activities across the Asia Pacific region. This is a senior, client-facing, commercially focused product leadership role with accountability for product strategy, revenue growth and profitability across fund accounting and fund administration services in North America (U.S., Canada).

The role will serve as a bridge between clients, sales, operations, and technology, ensuring FAA products are commercially competitive, operationally scalable, and aligned to State Street's global strategy. The Managing Director will play a critical role in supporting sales, owning product P&L outcomes, and representing FAA products in senior client and prospect engagements.

Location - Boston & Kansas City

Key Responsibilities

• Own and drive the global and regional product strategy for fund accounting and fund administration across multiple service offerings
• Define and maintain clear product value propositions, target client segments, and competitive positioning
• Develop and execute multi-year product roadmaps aligned to State Street's FAA growth objectives
• Balance global standardization with regional customization to meet market-specific client needs

Why This Role

This role offers the opportunity to:

• Shape the future of fund accounting and administration products at a global scale
• Influence commercial growth and profitability across a core State Street franchise
• Operate as a senior product leader at the intersection of clients, sales, operations, and technology
• Represent State Street's FAA capabilities with senior clients across the North American markets and globally

Core Product Management Functions

• Lead end-to-end product lifecycle management, including:
• Product vision and strategy
• Business case development and investment prioritization
• Requirements definition and solution design
• Delivery oversight and market readiness
• Ongoing performance management and optimization
• Partner with operations and technology to ensure products are operationally executable, scalable, and resilient
• Drive product simplification, standardization, and rationalization initiatives to improve efficiency and client outcomes
• Establish and monitor product KPIs, client adoption metrics, and service performance indicators

Commercial Ownership & P&L Management

• Own commercial performance of FAA products, including revenue growth, margin performance, and cost efficiency
• Partner with finance and business leadership on pricing strategies, cost models, and profitability analysis
• Support investment decisions by clearly articulating return on investment and strategic value
• Act as a senior steward of the FAA product portfolio's financial outcomes

Sales Enablement & Client-Facing Leadership

• Serve as a senior product representative in client and prospect engagements, including:
• Strategic client discussions
• RFP and proposal support
• Solution design and structuring
• Partner closely with sales and relationship management teams to:
• Enable effective product positioning and differentiation
• Support deal structuring and commercial negotiations
• Translate client needs into product enhancements and roadmap priorities
• Represent FAA products at senior client forums, industry events, and internal governance bodies

Stakeholder & Governance Leadership

• Act as a key product leader within a global, matrixed organization
• Collaborate closely with:
• Global FAA leadership
• Other Regional (EMEA, APAC) Product Leads
• Operations, technology, risk, legal, and compliance teams
• Provide product leadership input into governance forums, strategic initiatives, and regulatory discussions

Risk, Controls & Regulatory Alignment

• Ensure FAA products are designed and delivered in alignment with regulatory, risk, and control frameworks
• Partner with legal, compliance, and risk teams to proactively manage regulatory change impacting fund accounting and administration
• Ensure product documentation, client disclosures, and operating models meet regulatory and audit expectations

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.

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.