Role Description
The Investment Services Product organization is recruiting for an experienced individual to serve as an
Assistant Vice President, Product Owner
within the
Fund Accounting and Administration (FAA)
product organization.
Reporting to
Vice President, Fund Accounting and Administration (FAA)
, this role partners closely with FAA Product Leads, Operations, and Technology teams to
translate business priorities into clearly defined product requirements, manage backlog priorities, and support delivery of measurable outcomes aligned to the FAA roadmap
.
The Assistant Vice President is accountable for the
effective execution of assigned product features and initiatives
, ensuring clarity of requirements, disciplined backlog management, and alignment with broader product and business
objectives
.
The
role contributes directly to the ongoing evolution of State Street’s global fund accounting and fund administration capabilities through strong analytical judgment, hands-on execution, and effective stakeholder coordination.
The role
operates
in a global context, supporting product development and delivery across multiple platforms, asset classes, and
jurisdictions
, and requires close collaboration across time zones.
Function
The Assistant Vice President supports Fund Services Product Development leadership by
owning and refining product requirements, backlog items, and delivery priorities across defined FAA initiatives and capability enhancements
. Working in close partnership with business, operations, and technology stakeholders, the role ensures that user needs are clearly articulated, acceptance criteria are practical, and delivered outcomes meet client, operational, and regulatory expectations.
This position serves as a
Product Owner
, managing product backlog and requirements for specific initiatives or components of larger programs under the direction of a Vice President and senior product leadership.
Key Responsibilities
Own and
maintain
the
product backlog
for assigned FAA initiatives or workstreams, ensuring priorities are clearly defined and sequenced
Partner with Product, Operations, and Technology teams to
define user stories, business requirements, acceptance criteria, and release priorities
Drive day-to-day backlog execution, ensuring work items progress
on time, within scope, and with
appropriate risk
management
Analyze product change impacts, including
client impact, operational implications, process dependencies, and commercial considerations
Support development and maintenance of
product roadmaps, epics, user stories, and backlogs
aligned to strategic priorities
Apply professional judgment to
identify
dependencies, tradeoffs, delivery risks, and sequencing decisions
, escalating issues as appropriate
Contribute to discussions on
FAA
operating
models and supporting technology capabilities
, with a focus on simplification, standardization, and scalability
Support evaluation of
solution options and platform enhancements
to improve product capabilities and delivery efficiency
Partner with stakeholders across service disciplines to
ensure product requirements are understood and capabilities are integrated consistently
Work closely with delivery teams to
clarify requirements, review progress, and support successful sprint and release outcomes
Maintain awareness of
regulatory requirements and local market considerations
impacting
assigned product features and initiatives
Skills
Strong knowledge of
fund accounting
, including accounting standards (IFRS, US GAAP), NAV construction, general ledger processing, and complex asset classes
Working knowledge of
fund administration functions
downstream from accounting records, including financial and regulatory reporting, tax administration, and investment compliance
Proven ability to
manage multiple priorities across a defined product backlog
and support delivery across concurrent initiatives
Ability to apply
business, operational, and system knowledge
to inform requirements, prioritization, and product decisions
Strong communication
skills, with the ability to
articulate recommendations and influence stakeholders
at multiple levels
Experience in
creating high-quality
requirements, user stories, process flows, and solution documentation
Solid understanding of
Agile delivery practices
, including Product Owner responsibilities, story definition, backlog grooming, and sprint collaboration
Ability to
operate
effectively in
global, matrixed environments
Strong analytical skills and sound professional judgment
Exposure to adoption of
AI within the Product Development Lifecycle
is preferred
Experience
7-1
2
years’ experience in
Securities Services or related financial services
businesses
Prior experience in
fund accounting and/or fund administration
environments
Experience supporting
platform enhancements, product change, or transformation initiatives
with direct involvement in requirements and delivery coordination
Prior experience in a
product owner, business analysis, product, or technology delivery role
Experience working within
global organizations
and
multi
‑
stakeholder
delivery models
Indicative Role Split
Product backlog ownership and delivery support:
45–50%
Business analysis, requirements definition, and problem solving:
30–35%
Stakeholder engagement, sprint collaboration, and release support:
20–25%
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.
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