APAC Custody Product Head, Managing Director

Sydney

APAC Custody Product Head, Managing Director page is loaded APAC Custody Product Head, Managing Director Apply locations Singapore, Singapore Sydney, Australia Hong Kong, China Tokyo, Japan time type Full time posted on Posted 27 Days Ago job requisition id R-744859 Who we are looking for

The Custody Product organisation is recruiting for an APAC Custody Product Head to run the product in the region and be a key part of the custody leadership group. State Street’s product organisation is leading an exciting period of transformation for the business and requires an experienced APAC Custody Product Head to join the team and take the business forward.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

As the APAC Custody Product Head, you will be responsible for Global Custody and Direct Custody Products in APAC. The individual will have responsibility for the P&L and product strategy collaborating closely with internal stakeholders across technology, operations, 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 and will matrix to the APAC Head of Product Management.

What you will be responsible for

As APAC Custody Product Head, you will

Developing and driving the vision and product strategy

P&L Management

Partner with the business to drive revenue and profitable 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

Provide market insights to drive development and competitive positioning of the product

Lead the development and execution of the APAC 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.

What we value

These skills will help you succeed in this role

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 and Direct Custody

Active participation in industry groups across the region, showcasing State Street’s thought leadership and actively driving the advocacy agenda

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

Education & Preferred Qualifications

Seasoned MD/ED with 15+ years’ experience 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 organization

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

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.

Discover more at StateStreet.com/careers

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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.

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