Fund Accounting – AVP, Data Product Development
State Street
Fund Accounting – AVP, Data Product Development
Job Description
Who are we looking forThe Product organization is recruiting an Assistant Vice President – Data Product Development to support the Data Management Lead on a global basis. This role focuses on shaping and delivering Fund Accounting data products and capabilities, working in close partnership with Product, Finance, Operations, Technology, Architecture, Actuarial (where applicable), and Enterprise Data teams.The role has accountability across:Core Fund Accounting data domains (positions, lots, transactions, valuations, income, corporate actions, accruals, postings)Financial close, sub-ledger to GL reconciliation, and control frameworksClient and enterprise data delivery channels (APIs, reports, finance dashboards)Logical and canonical data models aligned to accounting and operating modelsCloud-native data platforms and analytics capabilitiesEvolution from statutory and management reporting toward insight-driven finance use casesThis role supports the objective to strengthen State Street’s Finance and Asset Servicing proposition through a practical, data-driven operating model. The AVP is expected to combine strong product judgement with hands-on delivery leadership, influencing outcomes through collaboration rather than hierarchy.What we doAs a data and product practitioner, you will work with Fund Accounting leads to help define priorities and execute the data agenda described above. The role reports into the Head of Data, Product Development.You will contribute to the evolution of accounting data capabilities by incorporating regulatory requirements, industry standards, and stakeholder input from Finance, Operations, Technology, Risk, and Coverage. The role balances strategic thinking with a strong delivery mindset.What you will be responsible forThe AVP will have responsibility for the followingLeading a project in support delivery of the Fund Accounting product roadmap, working in collaboration with Fund Accounting Product Lead and contributing analysis, execution input, and dependency management.Assist with the analysis of product‑related change, including development of commercially viable and client‑focused business cases, and support prioritization of product, operational, and regulatory change in collaboration with Product Management, Technology, and Global Delivery.Lead delivery activities, remain aligned with applicable regulation and internal policies, escalating issues and risks as appropriate.Support governance activities, including compliance with policies and frameworks, and assist with tracking and oversight of issues, risks, audit, and compliance items related to assigned initiatives.Prepare materials and present updates to senior management as required, and support delivery of assigned initiatives across the change lifecycle.Preferred skills and qualificationsFund Accounting and operational background or experienceMCH knowledge a plusSubject matter knowledge across accounting capabilities. (positions, lots, transactions, valuations, income, corporate actions, accruals, postings)Strong analytical skillsPrior experience of successfully delivering change in a complex environment whilst managing competing environments, and delivering projects using Agile and Waterfall techniquesProven change agent with track record of deliveryIntegration and understanding of impact on Data ManagementTrack record of engagement with complex clients, solutioning operating models and translating requirements into feature function capability for State Street Custody platformFamiliarity with industry integration tools and their applicability in shortening the chain of custody across the investment lifecycleStrong stakeholder management skills with an ability to navigate organization through the solution delivery cycleAgile Development a plusRequired skillsSeasoned professional with 7+ years' experience in Fund AccountingWorked in Product organizations in prior roles a plusOperated at a global levelPrior experience working in Operations and/or technologyConsultative experience working with institutional investorsStrong team leadership and management skillsTrack record of solving data integration challenges across complex and at-scale servicesOutcomes expected from the rolesIn depth understanding of asset servicing product and related data management.Proactive input and idea generation for product development roadmapMaintain up to date understanding of regulatory headwinds and other industry disruptors and industry bodies that could impact the areaResponsible for issue and risk escalationProject /initiative ownership as requested, with appropriate reporting (with PMO) of prioritized and approved changeAppropriate governance and audit trail on documentation of all key decisions and actions.Split of role:Product Design & Development: 55%Business Analysis: 35%Market / Client interaction: 10%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, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.Discover more information on jobs at StateStreet.com/careersRead our CEO Statement
Locations
- India, Bangalore
Skills Required
- Fund Accountingintermediate
- industry integration toolsintermediate
Required Qualifications
- Seasoned professional with 7+ years' experience in Fund Accounting (experience, 7 years)
- Worked in Product organizations in prior roles a plus (experience)
- Operated at a global level (experience)
- Prior experience working in Operations and/or technology (experience)
- Consultative experience working with institutional investors (experience)
- Strong team leadership and management skills (experience)
- Track record of solving data integration challenges across complex and at-scale services (experience)
- Outcomes expected from the roles (experience)
- In depth understanding of asset servicing product and related data management. (experience)
- Proactive input and idea generation for product development roadmap (experience)
- Maintain up to date understanding of regulatory headwinds and other industry disruptors and industry bodies that could impact the area (experience)
- Responsible for issue and risk escalation (experience)
- Project /initiative ownership as requested, with appropriate reporting (with PMO) of prioritized and approved change (experience)
- Appropriate governance and audit trail on documentation of all key decisions and actions. (experience)
- Seasoned professional with 7+ years' experience in Fund Accounting (experience, 7 years)
Preferred Qualifications
- Fund Accounting and operational background or experience (experience)
- MCH knowledge a plus (experience)
- Subject matter knowledge across accounting capabilities. (positions, lots, transactions, valuations, income, corporate actions, accruals, postings) (experience)
- Strong analytical skills (experience)
- Prior experience of successfully delivering change in a complex environment whilst managing competing environments, and delivering projects using Agile and Waterfall techniques (experience)
- Proven change agent with track record of delivery (experience)
- Integration and understanding of impact on Data Management (experience)
- Track record of engagement with complex clients, solutioning operating models and translating requirements into feature function capability for State Street Custody platform (experience)
- Familiarity with industry integration tools and their applicability in shortening the chain of custody across the investment lifecycle (experience)
- Strong stakeholder management skills with an ability to navigate organization through the solution delivery cycle (experience)
- Agile Development a plus (experience)
- Fund Accounting and operational background or experience (experience)
- Subject matter knowledge across accounting capabilities. (positions, lots, transactions, valuations, income, corporate actions, accruals, postings) (experience)
- Strong analytical skills (experience)
- Prior experience of successfully delivering change in a complex environment whilst managing competing environments, and delivering projects using Agile and Waterfall techniques (experience)
- Proven change agent with track record of delivery (experience)
- Integration and understanding of impact on Data Management (experience)
- Track record of engagement with complex clients, solutioning operating models and translating requirements into feature function capability for State Street Custody platform (experience)
- Familiarity with industry integration tools and their applicability in shortening the chain of custody across the investment lifecycle (experience)
- Strong stakeholder management skills with an ability to navigate organization through the solution delivery cycle (experience)
- Operated at a global level (experience)
- Prior experience working in Operations and/or technology (experience)
- Consultative experience working with institutional investors (experience)
- Strong team leadership and management skills (experience)
- Track record of solving data integration challenges across complex and at-scale services (experience)
- Outcomes expected from the roles (experience)
- In depth understanding of asset servicing product and related data management. (experience)
- Proactive input and idea generation for product development roadmap (experience)
- Maintain up to date understanding of regulatory headwinds and other industry disruptors and industry bodies that could impact the area (experience)
- Responsible for issue and risk escalation (experience)
- Project /initiative ownership as requested, with appropriate reporting (with PMO) of prioritized and approved change (experience)
- Appropriate governance and audit trail on documentation of all key decisions and actions. (experience)
Responsibilities
- Leading a project in support delivery of the Fund Accounting product roadmap, working in collaboration with Fund Accounting Product Lead and contributing analysis, execution input, and dependency management.
- Assist with the analysis of product‑related change, including development of commercially viable and client‑focused business cases, and support prioritization of product, operational, and regulatory change in collaboration with Product Management, Technology, and Global Delivery.
- Lead delivery activities, remain aligned with applicable regulation and internal policies, escalating issues and risks as appropriate.
- Support governance activities, including compliance with policies and frameworks, and assist with tracking and oversight of issues, risks, audit, and compliance items related to assigned initiatives.
- Prepare materials and present updates to senior management as required, and support delivery of assigned initiatives across the change lifecycle.
- Leading a project in support delivery of the Fund Accounting product roadmap, working in collaboration with Fund Accounting Product Lead and contributing analysis, execution input, and dependency management.
- Assist with the analysis of product‑related change, including development of commercially viable and client‑focused business cases, and support prioritization of product, operational, and regulatory change in collaboration with Product Management, Technology, and Global Delivery.
- Lead delivery activities, remain aligned with applicable regulation and internal policies, escalating issues and risks as appropriate.
- Support governance activities, including compliance with policies and frameworks, and assist with tracking and oversight of issues, risks, audit, and compliance items related to assigned initiatives.
- Prepare materials and present updates to senior management as required, and support delivery of assigned initiatives across the change lifecycle.
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