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Alpha Cash Service Product Owner, VP

Job Description

What are we looking for?

State Street Alpha Service product team is seeking a versatile individual in a Vice President role with strong product development, product life cycle management and business analysis skills to lead the  development and support of services and product offerings within the Alpha Cash Services team. This qualified individual will develop and deliver products, business solutions, and strategies aligned with our Alpha Cash services product roadmap, will collaborate with cash product implementation and data integrations for the success in product execution and adoption.  This leader will be  expected to build relationships and collaborate with both business stakeholders and technology partnership order to contribute to the timely execution of long term strategic plans for building out sophisticated intra company solutions.

Why this job is important to us?

State Street Alpha brings together data and capabilities across the investment lifecycle to help our clients make better decisions, grow at scale, and deliver returns for their clients. We partner with clients to optimize their operations, data, and technology footprint by leveraging the Alpha Platform and outsourced Alpha Services. The successful candidate must be skilled in analyzing our complex business service flows across front, middle, and back office operating models for our Alpha Clients, with a focus on cash management and liquidity support services. They will also be driving the strategic solution design, business architecture, and business solutions/services while driving program/project execution and reporting.

What you will be responsible for?

  • Conduct market research to identify emerging trends, customer needs, and competitive landscape and generate innovative product ideas and concepts that address key market opportunities and challenges supporting Alpha cash service.
  • Establish strong partnerships with internal stakeholders in Sales, Operations, Technology, Cash service product implementation,  other product development service family and E2E architecture teams to influence and coordinate cross-functional business solutions and products, in support of client and business goals.
  • Act as a liaison between business and technology teams to support product demand opportunities as part of product strategy and development.
  • Possess strong knowledge of front-to-back Investment management/Investment services with focus on user digital experience.
  • Work with business and technology partners to establish clear connections between business goals, strategies, and the data and technology investments required to achieve them
  • Communicates recommendations to management/senior Alpha business leaders through effective written and oral communication.
  • Assist with pricing strategies and product policies

What we value?

These skills will help you succeed in this role:

  • Strategic thinker with strong business analysis and planning skills. Capable of identifying and interpreting wider-ranging issues: ‘Big picture’ understanding.
  • Creation of business process flows and defining the business problem, solution, and design using various tools.
  • Proven experience with business requirements analysis to meet critical business needs, must display an ability to drive tasks through to completion.
  • Experience with design and optimization of user experience across different interfaces to maximize engagement and adoption
  • Excellent time management and organization skills, with the ability to manage multiple competing priorities.
  • Ability to think creatively and strategically with a focus on achieving outcomes. - Experience with writing features/requirements.
  • Product Owner role experience using Agile Methodologies.
  • Proven related financial services experience. Good understanding of State Street businesses.
  • Demonstrate understanding of Operations processes and procedures and an ability to learn quickly.
  • Excellent interpersonal, communication, facilitation, presentation and negotiation skills.
  • Proficiency with MS Office Products; MS Access, Visio; Jira, Confluence, PowerPoint. - Demonstrated excellence in business writing, development of business process flow diagrams, making comparisons regarding current and future processes, and effective communication.

Education & Preferred Qualifications:

- Bachelor’s degree in finance, MIS, Information Technology, or a related field of study.

- 12+ years of experience in data analysis, Operations, or Product management.

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.

Discover more at StateStreet.com/careers

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.

Discover more at StateStreet.com/careers

Salary Range:

$130,000 - $212,500 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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Average salary estimate

$171250 / YEARLY (est.)
min
max
$130000K
$212500K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Alpha Cash Service Product Owner, VP, State Street

As the Alpha Cash Service Product Owner, VP at State Street, you’ll step into a pivotal role that blends product development with strategic analysis in a dynamic financial services environment. This position is designed for a visionary leader who thrives on innovation, as you will be guiding the direction of our Alpha Cash Services team. You’ll leverage your expertise in the product life cycle to create effective business solutions and enhance our service offerings. Collaboration is key, so expect to partner closely with business stakeholders, technology teams, and cash product implementation to bring our product roadmap to life. In this role, you're not just managing products; you're actively participating in shaping the future for our clients by analyzing complex service flows and addressing their cash management and liquidity needs. Your ability to identify market trends and translate those into actionable product ideas will be crucial. You will play a vital part in ensuring our offerings not only meet client needs but also shine in a competitive landscape. Moreover, your proficiency in creating seamless user experiences will significantly boost product adoption. We're looking for someone with strong analytical skills, solid financial services experience, and a knack for strategic thinking. If you're excited about leading product innovation in a historically rich company like State Street, then we would love to see you on our team, ready to redefine investment services together!

Frequently Asked Questions (FAQs) for Alpha Cash Service Product Owner, VP Role at State Street
What are the key responsibilities of the Alpha Cash Service Product Owner at State Street?

As the Alpha Cash Service Product Owner, VP at State Street, your responsibilities include conducting market research, establishing partnerships with various stakeholders, and acting as a liaison between business and technology teams. You will also drive strategic solutions, manage product lifecycle, and develop innovative concepts that address client needs in cash management.

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What qualifications are required for the Alpha Cash Service Product Owner position at State Street?

To qualify for the Alpha Cash Service Product Owner position at State Street, you should possess a Bachelor’s degree in finance, MIS, or related fields, along with 12+ years of experience in product management or data analysis. Proven experience in the financial services sector and proficiency in Agile methodologies are essential.

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How does the Alpha Cash Service Product Owner ensure successful product execution at State Street?

The Alpha Cash Service Product Owner ensures successful product execution at State Street by collaborating with stakeholders across Sales, Operations, and Technology. By leveraging strong communication skills and strategic insights, you will influence product development processes to align with client expectations and business goals.

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What skills are essential for the Alpha Cash Service Product Owner role at State Street?

Essential skills for the Alpha Cash Service Product Owner role at State Street include strong business analysis capabilities, strategic thinking, excellent communication skills, and the ability to create effective business process flows. Experience in maximizing user engagement and working knowledge of financial operations processes will also contribute to your success.

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What opportunities for career growth exist for the Alpha Cash Service Product Owner at State Street?

The Alpha Cash Service Product Owner at State Street has numerous opportunities for career growth due to the company's commitment to employee development. With access to flexible work programs, generous benefits, and a culture that promotes inclusion, you can enhance your professional skills while contributing to innovative projects.

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Common Interview Questions for Alpha Cash Service Product Owner, VP
Can you describe your experience in product lifecycle management relevant to the Alpha Cash Service Product Owner role?

In your response, focus on specific examples from your previous roles where you successfully managed product development processes, including how you ensured alignment with market needs and business objectives. Use metrics to highlight your impact.

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How do you prioritize product features to align with client needs?

Discuss your approach to gathering feedback from clients and stakeholders to inform your prioritization. Explain how you balance market demands with technical feasibility while ensuring that the user experience remains central to your decisions.

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What methodologies do you employ for effective project management?

Explain your familiarity with Agile methodologies, discussing specific tools you've used (like Jira or Confluence), and how you've implemented them in past projects to facilitate team collaboration and ensure product delivery deadlines are met.

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Describe a challenge you've faced in product development and how you overcame it.

Provide a detailed account of a specific challenge, whether it was a timeline issue or a resource allocation conflict, and explain the steps you took to resolve it. Highlight the outcome and any lessons learned.

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How do you ensure a strong user experience in your product offerings?

Articulate your strategies for user experience design, including insights from user testing and feedback that inform your decisions. Discuss how you gauge user engagement and make iterative improvements based on data.

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What role does market analysis play in your product planning process?

Elaborate on how you conduct market research to identify trends and customer needs. Detail how these findings inform your product strategy and help shape innovative solutions.

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How do you handle cross-functional teams in product development?

Discuss your experience with facilitating communication across departments, involving stakeholders in the decision-making process, and effectively managing differing priorities to achieve cohesive project goals.

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What strategies do you use to influence and motivate your team?

Talk about how you lead by example, empower team members, and communicate a clear vision for projects to keep everyone aligned and motivated toward common objectives.

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Can you walk us through your approach to defining business requirements for a product?

Describe your process for gathering and analyzing business requirements, including workshops or interviews with stakeholders, and how you translate these needs into actionable development tasks.

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How do you stay updated with industry trends relevant to the Alpha Cash Service sector?

Share the resources you utilize for staying informed, such as industry publications, networking with peers, and attending relevant conferences or webinars, emphasizing your commitment to continuous learning.

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At State Street, inclusion and diversity are embedded in our values and culture. We know that an inclusive culture and a diverse workforce make us stronger and more successful. In a fast-paced and evolving world, we make it a priority to ensure ...

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DATE POSTED
April 17, 2025

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