Global Custody: Value Stream – Head of Product Development , Managing Director

Location: Bengaluru

This job is with State Street, an inclusive employer and a member of my Gwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

The Product organization is recruiting for an experienced individual to be Value Stream Product Development lead for Banking and cash management
The individual will partner with the Product team, Head of Product development, Global Delivery (operations) and Technology to execute on the overall product development initiatives and agenda focused on driving the change and execution agenda to build the value stream Capability and services , including the platform infrastructure, product features and enabling migration across State Street legal entities from legacy.
This is 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 individuals to take the business forward.
The role will Initiate, design and develop the strategic platforms and support the strategy to decommission legacy platforms including the migration to strategic platform to support client growth, enhance client experience, products and operating model.
This role includes driving and overseeing execution of approved product change/development initiatives, building out of  the strategic platform , driving change internally and seamless migration of clients,  This requires ability to think strategically about the product capabilities required, take decision ; partner with liquidity product partners and have a strong understanding of banking and payments to drive the solution design. Oversee the collection of input from subject matter experts, operations teams, product managers, client service teams and/or our clients for the purpose of developing   complete service and development of efficient operating models.
Function
The person would have the depth and expertise to drive change within Cash, Payments and Liquidity arena,   This individual will be key in supporting the overall head of product development. The person would focus delivering on the strategy, and work closely with business and IT to develop  the platform and product capabilities.
Responsibilities
The lead will have responsibility for the following:
Execute on the strategy and development agenda to :
Build the strategic banking platforms and overall cash management capability

Build out value stream products to support the business

Evaluate digital asset capabilities

Deliver a clear product roadmap in-collaboration with Product Development head , includes prioritization and budget planning annually , with IT and Operations

Lead solution to support tranche migrations part of the business and client migration strategy

Lead the development and analysis of product-related change, including commercially-viable and client focused business cases, with prioritization and approval of product, operational and regulatory change.

Manage and support the team to drive the change agenda and ensure change remains aligned to existing regulation and/or internal policies.

Lead the capability model - design and efficiency of the operating model, standards and technical stack/architecture, with an objective to simplify where possible working with the Product Management, Technology and Global Delivery.

Skills
Ability to apply knowledge of system behavior and business processes as well as industry knowledge and best practices to design the product and platforms

Ability to clearly articulate impact of any changes to various stakeholders , including preparing presentations; ability to train and develop these skills in more junior team members or direct reports

Ability to oversee, review and edit documentation to ensure completeness and clarity prior to submitting for use in developing solutions as required

Have a good understanding of Agile with respective to role as product owners , guidance on stories and epics, establish a backlog and groom that backlog to guide the team as required

Work well within a virtual team that includes  members from across…