Head of Product Innovation - Boston, United States - State Street

Description

Location: Boston

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

For nearly four decades State Street Global Advisors has been committed to helping our clients and those who rely on them achieve financial security. We partner with many of the world's largest most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous investment process spanning both indexing and active disciplines. With trillions in assets our scale and global reach offer clients unique access to markets geographies and asset classes and enable us to deliver both thoughtful insights and creative solutions. SSGA is the investment management arm of State Street Corporation. For further information please visit

Our commitment to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It's also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You'll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

We are seeking a highly experience and visionary leader to join SSGA's Global Business office as Head of Product Innovation and third party relationships. The individual will play a pivotal role in the driving of product innovation initiatives across SSGA and fostering strategic partnerships to enhance SSGA's competitive position in the global market. The position will require a commercial and strategic mindset to lead and oversee the innovation journey from inception to implementation and on an on-going basis to ensure we remain competitive in our offering to serve our clients with the best investment solutions, guiding a globally located team of professionals towards achieving SSGA's growth ambitions.

Driving forward with impact and efficiency, the ability to translate current and future customer needs into commercially viable innovative client products and solutions in a dynamic and competitive marketplace are critical for future success and this role will be at the centre of this. Combining product portfolio knowledge, with the needs of our partners and clients and an awareness of key developments across clients, market segments and industry opportunities for future trends in our markets are imperative.

Responsibilities

• Define, drive and lead the implementation of product innovation across the organisation, ensuring efficiency and effectiveness in the delivery of innovative solutions.
• Understanding industry trends, regulatory changes, and competitive dynamics to anticipate challenges and opportunities in the market.
• Ensure that the SSGA portfolio is current and progressive to our customers and attract new customers in underpenetrated growth markets.
• Utilise data and analytics to asses the viability and potential impact of initiatives, guiding investments decisions and resource allocations.
• Establish and maintain effective communication channels with key stakeholders, including executive leadership, to ensure alignment and support for innovation initiatives.
• Understand international markets and adapt tactics to different sensibilities while preserving an overall global product suite
• Cultivate and maintain strategic partnerships and industry leaders to enhance SSGA's position in market
• Has strong industry connectivity to leverage insights, ideas and perspectives to support innovation
• Demonstrate a strong track record to drive outsized commercial success through the development of appropriate investment solutions for clients.
• Take ownership to be a key player in driving innovation initiative that support SSGA growth ambitions
• Managing a global team of subject matters experts with a coaching and motivational leadership style that develops a culture of innovation, agility and high performance for continued talent development and succession.

Experience

• Proven track record of successfully leading innovation initiatives and driving organisational change in a complex and dynamic environment.
• Strong strategic mindset with the ability to translate vision into actionable strategies and initiatives
• Excellent leadership and people management skill, with a demonstrated ability to inspire and motivate teams towards achieving common goals.
• Exceptional communication and interpersonal skills, with the ability to effectively engage and influence stakeholders at all levels of the organisation
• Strong analytical and problem solving skills, with the ability to leverage data and insights to inform decision making
• Experience working in a global context and managing diverse teams across different geographies.

Are you the right candidate? Yes

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street Global Advisors

What We Do. As the asset management arm of State Street Corporation, State Street Global Advisors has served the world's governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become one of the world's largest asset managers with trillions of dollars under our care.

Our Mission. At State Street Global Advisors our mission is to invest responsibly to enable economic prosperity and social progress. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to Flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Salary Range:

The 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.