State Street Corporation

Head of Benchmarks - Alpha Data Services, MD

State Street Corporation$170K — $267K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in computer science, data management, or finance
  • 15+ years in data management or financial services roles
  • Expertise in Front, Middle, and Back Office services
  • Deep knowledge of Index and Benchmark Domain, especially in customized benchmarks
  • Familiarity with Financial Services data domains like Security Reference Master and Performance Analysis
  • Experience with Data Management, Data Governance, and related tools
  • Working knowledge of Azure cloud platforms and Snowflake.

Responsibilities

  • Lead the Alpha Benchmark Service proposition and oversee client interactions
  • Develop a comprehensive service model covering all use cases in the Alpha model
  • Collaborate with RIMES for product roadmaps and negotiate commercial deals
  • Manage day-to-day RIMES relationship and oversee product development initiatives
  • Conduct impact assessments on changes to Alpha products and respond accordingly
  • Lead discussions with Alpha Index Hub for development agenda setting
  • Facilitate successful client engagements to transition to Alpha Benchmark services

Benefits

  • Retirement savings plan (401K) with company match
  • Comprehensive insurance coverage including life, medical, dental, and vision
  • Generous paid-time off including vacation and sick leave
  • Access to Employee Assistance Program
  • Eligibility for annual performance-based incentive compensation
  • Options for tax-advantaged savings plans
Full Job Description

Who we are looking for

State Street Alpha Data Service (ADS) is the data-as-a-service provider that is the back bone of the Alpha front to back strategy. Combining both technology and service provision to deliver significant data management value to our clients. We're looking for acandidate to lead our Implementation Leads.

What you will be responsible for

As the ADS Alpha Benchmark Services Practice, Managing Director :

  • The position will sit within ADS and report to the ADS Market Data Practice, Managing Director.
  • The role will be responsible for the management and commercialisation of the Alpha Benchmark Service proposition and client oversight.
  • The Managing Director will be responsible for developing a service model covering all use cases in the Alpha model 6 include and not limited to : delivering indexes/benchmarks to CRIMS; ADP; external OMS; Alpha Performance Services and integrations with Alpha RPA product partners 6 Axioma/MSCI/Factset/BBG Port.
  • The role will lead the engagement with RIMES to:
    • Develop and monitor a strategic product roadmap
    • Negotiate commercial arrangements 6 supported by Alpha executives
    • Manage the RIMES relationship on a day to day basis.
    • Oversee the RIMES delivery of BAU and product development initiatives.
  • The role will assess the need/integration model for working with alternative index sourcing solutions into the Alpha Benchmark services
  • The role will work closely with Alpha/STT business development partners to ensure practice capabilities are clearly articulated and support business development activities
  • The Managing Director will develop and maintain a client facing commercial terms sheet.
  • The role will stay informed of more general Alpha product changes (eg Alpha EDM) and lead the impact assessment and response to these changes
  • The role will lead the discussions with Alpha Index Hub Product and set the quarterly/annual development agenda and budget with the AIH Product Lead.
  • The Managing Director will actively support key client engagements such as VTAM 6 to ensure the client successfully converts to Alpha Benchmark services.
  • The role will enforce the utilisation of the Alpha Standard Documentation. Work with relevant teams to develop and maintain the ASIS and other relevent practice standards.
  • Partner with broader State Street organization to provide solutions in support of any new client requirements that are extension of the standard or in some select cases a client specific bespoke solution
  • Lead the deployment of AI opportunities to the benefit of clients and Alpha servicing teams.

These skills will help you succeed in this role:

  • Demonstrate excellent communication skills across all channels and levels of recipients including team members, colleagues, clients at all levels including C suite.
  • Demonstrate excellent motivational skills and lead by example in all areas.
  • Support a culture of commitment, team work and productivity alongside diversity and work life balance.
  • Must have experience in Front, Middle and Back Office services
  • Deep experience in the Index and Benchmark Domain 6 including servicing complex FO use cases for highly customized benchmarks and ETF businesses.
  • Extensive experience with Financial Services data domains 6 Security Reference Master, Positions, Transactions, Cash, Performance, Analytics
  • Must have demonstrated success in Practice/Product management
  • Knowledge of Data Management, Data Governance, Service Catalogue, Data Lineage tools, Operational Dash boards, Process Monitoring tools
  • Working knowledge in Azure cloud platforms and Snowflake
  • Knowledge about internal and external integrations, triage issues and implement/recommend solutions to data problems and anomalies

Education & Preferred Qualifications

  • University degree in the field of computer science, data management or other financial services technical field
  • 15+ years in data management, product and market data roles and responsibilities

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 Streets 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 .

About State Street Corporation

State Street Corporation Careers

Join the dynamic team at State Street Corporation, a leading financial services provider known for its commitment to innovation, leadership, and professional growth. As a global powerhouse in investment management and servicing, we offer unparalleled job opportunities that propel your career to new heights.

Work You’ll Do

At State Street Corporation, you’ll be part of a culture that values diversity, leadership, and continuous professional development. Engage in work that transforms the financial landscape and helps our clients achieve their investment goals. Our team at State Street is at the forefront of combining industry expertise with cutting-edge technology to deliver exceptional service and results.

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Whether you’re looking for an entry-level position or a senior role, State Street Corporation offers a range of career paths in areas such as asset management, data analytics, finance, and technology. Our hiring process is designed to identify and nurture talent, focusing on your skills and potential. Prepare your resume, ace the interview, and join a team that’s committed to your career growth.

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Benefits and Growth

State Street Corporation is dedicated to the growth and well-being of our employees. We offer a comprehensive benefits package that supports both your professional and personal life. From advanced career training and leadership development programs to health and wellness benefits, we ensure that our team members have the resources they need to succeed.

Inclusive Culture and Diversity

We pride ourselves on fostering an inclusive environment where every employee can thrive. Diversity is not just embraced; it’s celebrated. At State Street, you’ll work alongside a diverse group of professionals who bring a wide range of perspectives and ideas to the table. Our diversity training programs are designed to enhance collaboration and innovation across our global team.

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Learn more about State Street Corporation
Size
39,335 employees
Market Cap
$28.4 billion
Industry
Net Income
$2.4 billion
Founded
1792
5 Year Trend
-4.9%
NASDAQ

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