Product Development Lead – Fund Accounting and Administration, Vice President

Role Description

The Investment Services Product organization is recruiting for an experienced individual to serve as a Vice President, Product Development Lead within the Fund Accounting and Administration (FAA) product organization.

Reporting to Managing Director, Fund Accounting and Administration (FAA), this role partners closely with FAA Product Leads, Operations, and Technology teams to translate strategic priorities into clearly defined product initiatives and deliver measurable outcomes aligned to the FAA roadmap.

The Vice President is accountable for the successful execution of assigned initiatives, ensuring clarity of scope, disciplined delivery, and alignment with broader product and business objectives. The role contributes directly to the ongoing evolution of State Street’s global fund accounting and fund administration capabilities through strong analytical judgment, hands‑on execution leadership, and effective stakeholder engagement.

The role operates in a global context, supporting product development and delivery across multiple platforms, asset classes, and jurisdictions, and requires close collaboration across time zones.

Function

The Vice President supports Fund Services Product Development leadership by driving execution across defined FAA initiatives and capability enhancements. Working in close partnership with business, operations, and technology stakeholders, the role ensures that product requirements are clearly articulated, delivery plans are practical, and outcomes meet client, operational, and regulatory expectations.

This position serves as a senior individual contributor and workstream lead, owning delivery for specific initiatives or components of larger programs under the direction of senior product leadership.

Key Responsibilities

• Own delivery of assigned product initiatives or workstreams within Fund Accounting and Administration

• Partner with Product, Operations, and Technology teams to define requirements, success criteria, and delivery plans

• Drive day‑to‑day execution, ensuring initiatives progress on time, within scope, and with appropriate risk management

• Contribute to analysis of product‑related change, including client impact, operational implications, and commercial considerations

• Support development and maintenance of product roadmaps, epics, and backlogs aligned to strategic priorities

• Apply professional judgment to identify dependencies, tradeoffs, and delivery risks, escalating issues as appropriate

• Contribute to discussions on FAA operating models and technology architecture, with a focus on simplification, standardization, and scalability

• Support evaluation of build versus buy decisions and opportunities to rationalize existing technology platforms

• Partner with stakeholders across service disciplines to enable consistency and integration of product capabilities

• Provide guidance and direction to delivery teams/product resources to support effective execution and capability development

• Maintain awareness of regulatory requirements and local market considerations impacting assigned initiatives

Skills

• Strong knowledge of fund accounting, including accounting standards (IFRS, US GAAP), NAV construction, general ledger processing, and complex asset classes (e.g., derivatives, loans)

• Working knowledge of fund administration functions downstream from accounting records, including financial and regulatory reporting, tax administration, and investment compliance

• Proven ability to manage complex deliverables across multiple initiatives and competing priorities

• Ability to apply business, operational, and system knowledge to inform product and delivery decisions

• Strong communication skills, with the ability to articulate recommendations and influence stakeholders at multiple levels

• Experience contributing to high‑quality product, requirements, and solution documentation

• Solid understanding of Agile delivery practices, including collaboration with Product Owners, story definition, and backlog management

• Ability to operate effectively in global, matrixed environments

• Strong analytical skills and sound professional judgment

• Exposure to adoption of AI within the Product Development Lifecycle is preferred

Experience

• 10–15 years’ experience in Securities Services or related financial services businesses

• Prior experience in fund accounting and/or fund administration environments

• Experience supporting platform enhancements, product change, or transformation initiatives

• Prior experience in a product, business analysis, or technology delivery role

• Experience working within global organizations and multi‑stakeholder delivery models

Indicative Role Split

• Product design and delivery ownership: 50–55%

• Business analysis and problem solving: 20–25%

• Internal and external stakeholder engagement: 20–25%

About State Street

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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