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Lead State Street’s FAA product strategy in North America, driving growth and profitability.
Senior product leader bridging clients, sales, operations & tech for fund accounting & administration.
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 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
Product Strategy & Portfolio Leadership
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
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.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home .
About State Street
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.
Equal Opportunity & Legal
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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