Head of Benchmarks - Alpha Data Services, MD

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 a candidate to lead our Implementation Leads.

The team you will be joining is part of a global, cross-divisional group supporting State Street Alpha

SM. State Street Alpha

SM redefines the common definition of ‘alpha’ to mean powering better performance and outcomes at every point on the investment lifecycle and is the first open platform from a single provider that connects the front, middle and back office. It harmonizes data, technology and services across trusted providers to help our clients better manage their businesses. Join us if making your mark in an ever-changing, increasingly complex and competitive industry is a challenge you are up for.

• 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 – to include and not limited to: delivering indexes/benchmarks to CRIMS; ADP; external OMS;
  Alpha Performance Services and integrations with Alpha RPA product partners – Axioma/MSCI/Factset/BBG Port.
• The role will lead the engagement with RIMES to:
  • Develop and monitor a strategic product roadmap
  • Negotiate commercial arrangements – 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 – 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 relevant 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 – including servicing complex FO use cases for highly customized benchmarks and ETF businesses.
• Extensive experience with Financial Services data domains – 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…