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

Role Overview

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 senior, client‑facing, commercially focused product leadership role has accountability for product strategy, revenue growth and profitability across fund accounting and fund administration services in North America (U.S., Canada).

The Managing Director 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 role plays a critical part 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
• 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
• 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
• 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
• Act as a key product leader within a global, matrixed organization
• Collaborate closely with global FAA leadership, other regional product leads, and operations, technology, risk, legal, and compliance teams
• Provide product leadership input into governance forums, strategic initiatives, and regulatory discussions
• 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 applies to the primary location specified; a different range may apply if the role is ultimately based outside of Boston or Kansas City.

Benefits

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a retirement savings plan (401K) with company match; insurance coverage such as basic life, medical, dental, vision, and long‑term disability; paid time off including vacation, sick leave, short‑term disability, and family care responsibilities; access to an Employee Assistance Program; incentive compensation with eligibility for annual performance‑based awards (excluding certain sales roles); and eligibility for certain tax‑advantaged savings plans.

Equal Opportunity Employer

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.

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.

Job ID: R-792373