Managing Director, Private Credit Product and Technology Solutioning Manager
Location: Quincy MA; other State Street locations to be considered
Across the globe, institutional investors rely on State Street to help them manage risk, respond to challenges through solutions, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged professionals are essential to our success.
Our commitment to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you.
Position Overview
This Managing Director position will report to the SVP Global Head of Private Credit Product in State Street’s institutional services division. The position will also collaborate closely with operating teams providing fund administration, loan services, custody, transfer agency, trustee services and analytics to credit managers.
The Private Credit Product and Technology Solutioning Manager role will have responsibility for contributing to the evolution and communication of our go-to-market technology strategy for asset servicing capabilities superior to global competitors in all major regions, and will have a key role in supporting the firm in its growth.
Responsibilities
Technology assessments, related client solutioning and driving a differentiated offering are the main responsibilities of this role. You will collaborate closely with commercial teams and operating teams to drive superior outcomes for State Street and our global private markets clients.
Provide subject matter expertise - strong background in the private markets space and have a solid understanding of the technology needs for Private Market clients and the end-to-end strategic operating model and technology stack.
Drive solutions - lead and partner with teams across our global organization to define and solution critical deals and to ensure that the relevant subject matter experts are consulted, and that critical design assumptions and strategic options are thoroughly explored. Ability to develop solutions that can be deployed for complex clients
Organize and conduct technology assessment and implementation project status meetings, including communicating status to internal, senior management and external stakeholders.
Technology assessments may include but not limited to the following:
Fund Analysis and Onboarding - Analyze funds scheduled for onboarding, identify required waterfall and management fee algorithms.
Testing & Validation - Assist with UAT for functionalities; align with business requirements. Validate fund admin datasets, including reconciliation of NAV and P&L at entity, investment and investor levels.
Work with State Street’s strategic data platform to integrate and align fund data for reporting and operational accuracy
Represent State Street at industry events/conferences and hold internal/external product office hours
Research & Market Analysis - Ensure key technology vendor and competitor intelligence is updated continuously, and emerging industry trends are captured where relevant
Provide support in Request for Information / Proposals, ensuring quality responses
Provide any required Post-sales interaction and guidance to support the smooth implementation of the proposed solution
Experience
Bachelor’s degree required (Technology, or Business preferred)
15+ years experience desirable
Depth of experience in Private Markets required; either from asset servicing, or directly from within Private Markets and Fund employers
Strong Private Markets network, preferably globally
Outstanding Leadership skills
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 https://hrportal.ehr.com/statestreet/Home.
Across 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.
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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.