Who we are looking for
The Product Head for Cash and Liquidity reports to the managing director of the Global Liquidity and Investment Solutions team with Institutional Services and will support cash and liquidity products across the region and coordinate with the global team. The product manager is responsible for the development of globally consistent liquidity and investment products that support our client’s cash and liquidity requirements. The team works with business and corporate partners to manage sweep products, deposit management, overdraft management and works in close coordination with Treasury, Coverage and Finance. Additional coordination with State Street Global Advisors and Global Markets to support our investment product offering is an important part of the role.
Why this role is important to us
You will be joining the Institutional Services function that allows us to deliver a comprehensive, holistic approach to each client relationship — for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer — across all of our locations, products, and capabilities.
Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.
What you will be responsible for
As Product Head you will:
- Oversee and enhance our products to ensure delivery of objectives, meeting time and quality criteria.
- Represent the product in various internal management committees concerning deposits and liquidity strategy, engaging with senior management to address relevant questions.
- Drive regular forecast processes in cooperation with finance/coverage to manage the product metrics and budget.
- Provide subject matter expert support to coverage teams and the US regional heads to engage with clients on their liquidity/cash needs.
- Maintain framework and product inventory including all relevant liquidity products by cooperating with the responsible businesses.
- Support various technology enhancement and other strategic initiatives.
- Compile regular industry and competitive intelligence.
- Cooperate with Business Control Office to ensure end-to-end management reporting for oversight and transparency into Demand Deposit Accounts (DDAs).
- Instill a culture and environment of risk excellence and ensure compliance with regulations globally.
What we value
These skills will help you succeed in this role:
- Strong strategic view, with ability to quickly assess complex problems, prioritize key issues, and focus on relevant facts.
- Strong analytical, interpersonal, written and oral presentation skills.
- Proven ability to detect emerging trends, and encourage and make recommendations for creative change.
- Ability to achieve results with the persistence and patience necessary to work effectively with a wide range of internal and external constituents.
- Experience leading operational teams to create scale while maintaining a strong control environment.
- Possess excellent communication skills within an organization and with clients.
Education & Preferred Qualifications
- Bachelor's Degree.
- Minimum of 4 years' experience in cash management, treasury management or finance.
- Exposure to payment and cash management applications.
- Knowledge of Swift, clearing platforms, securities services and digital solutions.
Are you the right candidate? Yes!
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:
$80,000 - $132,500 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.
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.
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