Managing Director – Product Management, Fund Accounting & Fund Administration, North America (FAA)

Role OverviewState Street is seeking a Managing Director, Product Management – Fund Accounting & Fund Administration (FAA) to lead cross‑product product management activities across the Asia Pacific region. This is a senior, client‑facing, commercially focused product leadership role with accountability for product strategy, revenue growth and profitability across fund accounting and fund administration services in North America (U.S., Canada)The role will serve as a bridge between clients, sales, operations, and technology, ensuring FAA products are commercially competitive, operationally scalable, and aligned to State Street’s global strategy. The Managing Director will play a critical role in supporting sales, owning product P&L outcomes, and representing FAA products in senior client and prospect engagements.Location - Boston & Kansas City, Key ResponsibilitiesProduct Strategy & Portfolio LeadershipOwn and drive the global and regional product strategy for fund accounting and fund administration across multiple service offeringsDefine and maintain clear product value propositions, target client segments, and competitive positioningDevelop and execute multi‑year product roadmaps aligned to State Street’s FAA growth objectivesBalance global standardization with regional customization to meet market‑specific client needsWhy This RoleThis role offers the opportunity to:Shape the future of fund accounting and administration products at a global scaleInfluence commercial growth and profitability across a core State Street franchiseOperate as a senior product leader at the intersection of clients, sales, operations, and technologyRepresent State Street’s FAA capabilities with senior clients across the North American markets and globallyCore Product Management FunctionsLead end‑to‑end product lifecycle management, including:Product vision and strategyBusiness case development and investment prioritizationRequirements definition and solution designDelivery oversight and market readinessOngoing performance management and optimizationPartner with operations and technology to ensure products are operationally executable, scalable, and resilientDrive product simplification, standardization, and rationalization initiatives to improve efficiency and client outcomesEstablish and monitor product KPIs, client adoption metrics, and service performance indicatorsCommercial Ownership & P&L ManagementOwn commercial performance of FAA products, including revenue growth, margin performance, and cost efficiencyPartner with finance and business leadership on pricing strategies, cost models, and profitability analysisSupport investment decisions by clearly articulating return on investment and strategic valueAct as a senior steward of the FAA product portfolio’s financial outcomesSales Enablement & Client‑Facing LeadershipServe as a senior product representative in client and prospect engagements, including:Strategic client discussionsRFP and proposal supportSolution design and structuringPartner closely with sales and relationship management teams to:Enable effective product positioning and differentiationSupport deal structuring and commercial negotiationsTranslate client needs into product enhancements and roadmap prioritiesRepresent FAA products at senior client forums, industry events, and internal governance bodiesStakeholder & Governance LeadershipAct as a key product leader within a global, matrixed organizationCollaborate closely with:Global FAA leadershipOther Regional (EMEA, APAC) Product LeadsOperations, technology, risk, legal, and compliance teamsProvide product leadership input into governance forums, strategic initiatives, and regulatory discussionsRisk, Controls & Regulatory AlignmentEnsure FAA products are designed and delivered in alignment with regulatory, risk, and control frameworksPartner with legal, compliance, and risk teams to proactively manage regulatory change impacting fund accounting and administrationEnsure product documentation, client disclosures, and operating models meet regulatory and audit expectationsSalary Range: $170,000 - $267,500 AnnualThe 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.Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.For a full overview, visit https://hrportal.ehr.com/statestreet/Home.About State StreetAcross 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, domest