Head of Product, GlobalLink - Managing Director (Onsite) at State Street in Boston, Massachusetts

Job Description:

Who we are looking for

The Head of Product for GlobalLink is responsible for working with the business heads to define the global strategy, vision and development priorities for all GlobalLink products, including: GlobalLink Core, FXConnect, Currenex, Fund Connect, TradeNexus and Clear Connect. The role will have ownership of the overall product roadmap and execution and implementation of the product vision.

GlobalLink is State Street's global suite of market leading electronic trading platforms providing solutions for market participants designed to increase transparency, improve trading efficiency and deliver quantifiable execution. Everything we do aims at making sure our clients value every aspect of GlobalLink, from our product and technologies to our ease of doing business and our support.

Due to the role requirements this job needs to be performed primarily in the office with some flex work opportunities available.

Why this role is important to us

The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM's number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

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 the Head of Product for GlobalLink, your responsibilities will include:

• Develop Product Strategy working with individual product managers and alongside business heads to meet 2024 and beyond growth targets and adherence 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 heads


• Develop and monitor the strategic business plan, vision and budgets for the GlobalLink business unit in line with corporate goals.


• Possess deep FX market knowledge and understanding of market trends. Drive product innovation to maintain competitiveness, ensure client satisfaction, 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.


• Build/maintain close relationships with clients and industry experts/bodies. Represent GlobalLink at industry functions and in media.


• 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 development risks for the Trading platforms are understood and minimized


• 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 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.

These skills will help you succeed in this role:

• Extensive experience in the electronic trading platform space and eFX industry. First class product knowledge and understanding of the FX trading business.


• Superb communicator with clients and all levels of internal staff.


• Financial aptitude - ability to formulate, understand and manage budgets.


• Ability to drive through key initiatives and change.


• Proven record of setting and delivering strategic change and increasing efficiency globally.


• Excellent relationship manager across the business and industry.


• Awareness and understanding of changing legislation especially in the US and EMEA.


• 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 oriented - 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. Ability to effectively communicate with all levels across the organization


• Appreciation of cultural differences globally.


• Risk excellence and owners mindset.


• Adept at managing multiple projects/initiatives (strong attention to detail and the ability to handle several tasks simultaneously)


• 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

• Bachelor's Degree or equivalent; Advanced degree preferred.

• Up to 25% travel required for both internal management and client purposes.

• A natural leader and motivator.


• Aptitude for, and common-sense approach to problem solving.


• Excellent interpersonal and organizational skills.

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:
$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.