Custody Product Development, MD - Global Direct Custody

The Product Development organization is seeking an experienced individual to lead the expansion strategy in custody to become a local custodian and cash clearer in key strategic markets crucial to State Street franchise and clients. You will collaborate with the Product team, Global Delivery (operations), and Technology to execute product development initiatives and agenda during this exciting period of business transformation. Your role will involve establishing local custody and cash clearing solutions and operating models in targeted markets, ensuring compliance with regulations and internal policies. You will be responsible for overseeing the execution of approved product changes and developments. Your function will require you to design, develop requirements, solutions, and drive change to execute the overall development agenda. You will need to proactively assess available market intelligence, understand technical and functional aspects of services, and consider stakeholder feedback to support the evolution of the custody business. Your responsibilities will include managing the product development roadmap in collaboration with relevant teams, overseeing the development and execution of direct market capabilities, managing business cases, ensuring alignment with regulations and policies, supporting the design and efficiency of the operating model, leading agile team members, ensuring appropriate governance and compliance, and presenting to senior management. Your skills should encompass a broad experience of international markets, understanding of market infrastructure and practices, a strong grasp of custody and cash functionality, operational background, analytical skills, experience in delivering change in complex environments, engagement with complex clients, and stakeholder management skills. Professional qualifications, Agile experience, global-level operation experience, and a minimum of 10 years in the asset servicing industry are desired. The outcomes expected from you include an in-depth understanding of Direct Custody/cash, driving a change agenda, proactive input for product development roadmap, and maintaining an updated understanding of regulatory aspects and industry changes. Your role will be split into Product Design & Development (60%), Business Analysis (10%), and Market/Client interaction (30%). State Street is an equal opportunity and affirmative action employer, offering a competitive benefits package and a conducive work environment for professional growth.,