Position Overview

State Street’s Global Product organization is undergoing a period of significant transformation to enhance scalability, transparency, and commercial performance across the Alternatives business.

The Vice President – Alternatives Product Control will play a critical role in driving financial discipline, governance, and operational effectiveness across the Product organization. Reporting to the Head of Product Control, this role partners closely with Product, Finance, CAO, HR, and Technology teams to support strategic decision-making, improve reporting and analytics, and enable growth across Private Markets and Custody product offerings.

This role combines financial oversight, governance leadership, and business management responsibilities, with a strong focus on enhancing product economics (P&L, cost to serve, pricing) and building scalable frameworks to support a global, complex organization.

Primary Responsibilities

As the Alternatives Product Controls Manager (VP), you will

• Lead executive reporting and governance for the Alternatives business, including scorecards, business reviews, and senior leadership materials
• Drive Product Control agenda, including P&L oversight (revenue, fees, NII), cost-to-serve analysis, and commercial insights
• Develop and enhance product-level financial tools and analytics (pricing, risk, cost, and performance metrics)
• Partner with Finance, CAO, and IT to address business questions and improve financial transparency and reporting accuracy
• Conduct strategic and risk deep dives, providing insights to inform business and investment decisions
• Support workforce planning, headcount management, and broader people initiatives in partnership with HR and leadership
• Manage budgeting and execution of marketing sponsorships and industry engagement activities
• Oversee sales enablement and client engagement initiatives, including RFP process improvements
• Drive continuous improvement initiatives, including development of data tools, frameworks, and scalable reporting solutions
• Lead or contribute to Product organization management activities, including OKRs, strategy execution, and operational governance
• Collaborate across global teams to improve expense allocation transparency and drive efficiency
• Foster employee engagement, culture, and communication across a global organization

What we value (Skills & Capabilities)

These skills will help you succeed in this role

• Strong analytical and critical thinking capabilities with ability to translate data into actionable insights
• Proven expertise in financial analysis, product economics, and commercial strategy
• Demonstrated project management and process transformation experience in complex environments
• Strong stakeholder management skills, with ability to influence and collaborate across senior leadership
• Ability to operate independently, prioritize effectively, and manage multiple initiatives simultaneously
• Excellent written and verbal communication skills, including executive-level presentations
• Experience navigating large, global organizations and driving cross-functional alignment
• Strong understanding of governance frameworks, controls, and reporting disciplines
• Data-oriented mindset, with experience in data integration, visualization, and analytics tools (e.g., Tableau, Alteryx, Python)
• Proven ability to drive change and deliver results at scale
• Leadership and people management capabilities, including developing and mentoring team members

Job Requirements and Minimum Qualifications

• Bachelor’s degree in Finance, Business, Accounting, or related field
• 7–10+ years of experience in financial services, asset servicing, or securities services
• Experience in Product, Finance, Business Management, or Product Control functions
• Advanced proficiency in Excel and PowerPoint; strong analytical and presentation skills required
• Experience with financial modeling, P&L management, and cost allocation frameworks
• Familiarity with product control frameworks, governance, and management reporting
• Experience working within Product organizations and supporting strategic initiatives
• Strong team player with ability to thrive in a global, matrixed environment
• Alternatives experience and knowledge is helpful

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

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.

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 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.

Discover more information on jobs at StateStreet.com/careers

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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.