Custody Product Development Specialist, Officer

Who we are looking for The Product organization is recruiting for the lead role covering Transaction, Payments and Settlements supporting Global Head of Custody Product Development globally. The individual will partner with the Product team, Global Delivery (operations) and Technology to execute on the overall custody product development initiatives and agenda, in alignment with Custody product strategic objective to strengthen State Street’s position in the industry.  State Street’s product organization is leading an exciting period of transformation for the business and requires experienced team members to take the business forward. The role will Initiate and support designing, developing solutions and closing product gaps to support client retention, client growth, enhance client experience and operating framework including product standards for Asset Servicing, including drive and oversee execution of approved product change/development. The focus of the role is building out the SME/BA capabilities within asset servicing practice in Custody covering across all key segments – asset managers, asset owners, SWF and FIs Why this role is important to us You will be joining the Investment 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 will you be responsible for As Custody Product Development Specialist you will: Be a team member in a project in support delivery of the Asset Servicing / Core Custody product roadmap, working in collaboration with Custody Product Value Stream Lead and contributing analysis, execution input, and dependency management. Assist with the analysis of product related change, including development of commercially viable and client‑focused business cases, and support prioritization of product, operational, and regulatory change in collaboration with Product Management, Technology, and Global Delivery. Lead delivery activities remain aligned with applicable regulation and internal policies, escalating issues and risks as appropriate. Contribute to external and internal market awareness by gathering industry intelligence and participating in relevant forums and working groups to inform product and capability evolution. Support governance activities, including compliance with policies and frameworks, and assist with tracking and oversight of issues, risks, audit, and compliance items related to assigned initiatives. Prepare materials and present updates to senior management as required, and support delivery of assigned initiatives across the change lifecycle.

Custody and operational background or experience Subject matter knowledge across custody capabilities.(e.g. Transactions, Payments and Settlements) Strong analytical skills Prior experience of successfully delivering change in a complex environment whilst managing competing environments, and delivering projects using Agile and Waterfall techniques Proven change agent with track record of delivery Integration and understanding of impact on Data Management Track record of engagement with complex clients, solutioning operating models and translating requirements into feature function capability for State Street Custody platform Familiarity with industry integration tools and their applicability in shortening the chain of custody across the investment lifecycle Strong stakeholder management skills with an ability to navigate organization through the solution delivery cycle Agile Development a plus Preferred Skills and Qualifications Seasoned Officer with 3+ years' experience in