Head of Custody Product Management Europe

State Street’s product organisation is leading an exciting period of transformation for the business and requires an experienced European Custody Product Management Head to join the team and take the business forward.

Function

As the European Custody Product Management Head, you will be responsible for Global Custody and Direct Custody Products in Europe.  You will have responsibility for the P&L and product strategy collaborating closely with internal stakeholders across technology, operations, risk, sales, and client management teams. The industry is embarking on a period of significant change, innovation and new business opportunities and State Street is looking to play a leadership role. The role will report directly to the Global Head of Custody Product.

We are open to candidates based in Germany, Luxembourg, or the UK

Key Responsibilities

• Developing and driving the vision and product strategy

• P&L Management

  • Partner with the business to drive revenue and profit growth

  • Own product commercials for direct and global custody across the region

  • Partner with operations to manage operating costs, drive process improvements and improve cost to serve

• Lead the development and execution of the Europe custody product strategy including ongoing priorities and annual investment decisions

  • Identify areas of improvement in the core products

  • Explore new business opportunities that help to shorten the chain of custody, drive efficiency and reduce risk

  • Participate in Industry groups across the region to drive market leadership and change

  • Partner with clients and industry participants to drive and deliver value added products

• Collaborate on commercial topics with key stakeholder and business partners across functions including legal, risk and compliance.

Skills

• Senior level, experienced talent with deep subject matter expertise in direct custody, global custody and the broader asset servicing product set

• Proven track record of working with large complex clients and establishing strong partnerships at all levels

• Strong working knowledge of technology, market infrastructures and industry partners that support the global custody chain

• Excellent client skills and the ability to engage at all levels

• Strong understanding of operational processes across all aspects of Global Custody

• Active participation in industry groups across the region

• Ability to effectively communicate at all levels within an organization

• Demonstrates strong leadership skills and the ability to effectively manage and mentor staff

• Proven ability to execute on product deliverables and strategic vision

Experience

• Seasoned Director/ED in Financial Services

• Worked in Product organisations in prior roles

• Prior experience working in Custody/Banking/ Asset Management

• Consultative experience working with large complex institutional investors

• Strong team player who can thrive in a large complex global organisation

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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