Head of Benchmarks - Alpha Data Services, MD at State Street Bank

Who we are looking forState Street Alpha Data Service (ADS) is the data-as-a-service provider that is the back bone of the Alpha front to back strategy. Combining both technology and service provision to deliver significant data management value to our clients. We're looking for a candidate to lead our Implementation Leads.Why this role is important to usThe team you will be joining is part of a global, cross-divisional group supporting State Street AlphaSM. State Street AlphaSM redefines the common definition of ‘alpha’ to mean powering better performance and outcomes at every point on the investment lifecycle and is the first open platform from a single provider that connects the front, middle and back office. It harmonizes data, technology and services across trusted providers to help our clients better manage their businesses. Join us if making your mark in an ever-changing, increasingly complex and competitive industry is a challenge you are up for.What you will be responsible forAs the ADS Alpha Benchmark Services Practice, Managing Director : The position will sit within ADS and report to the ADS Market Data Practice, Managing Director.The role will be responsible for the management and commercialisation of the Alpha Benchmark Service proposition and client oversight.The Managing Director will be responsible for developing a service model covering all use cases in the Alpha model – to include and not limited to : delivering indexes/benchmarks to CRIMS; ADP; external OMS; Alpha Performance Services and integrations with Alpha RPA product partners – Axioma/MSCI/Factset/BBG Port.The role will lead the engagement with RIMES to:Develop and monitor a strategic product roadmapNegotiate commercial arrangements – supported by Alpha executivesManage the RIMES relationship on a day to day basis.Oversee the RIMES delivery of BAU and product development initiatives.The role will assess the need/integration model for working with alternative index sourcing solutions into the Alpha Benchmark servicesThe role will work closely with Alpha/STT business development partners to ensure practice capabilities are clearly articulated and support business development activitiesThe Managing Director will develop and maintain a client facing commercial terms sheet.The role will stay informed of more general Alpha product changes (eg Alpha EDM) and lead the impact assessment and response to these changesThe role will lead the discussions with Alpha Index Hub Product and set the quarterly/annual  development agenda and budget with the AIH Product Lead.The Managing Director will actively support key client engagements such as VTAM – to ensure the client successfully converts to Alpha Benchmark services.The role will enforce the utilisation of the Alpha Standard Documentation. Work with relevant teams to develop and maintain the ASIS and other relevent practice standards.Partner with broader State Street organization to provide solutions in support of any new client requirements that are extension of the standard or in some select cases a client specific bespoke solutionLead the deployment of AI opportunities to the benefit of clients and Alpha servicing teams.These skills will help you succeed in this role:Demonstrate excellent communication skills across all channels and levels of recipients including team members, colleagues, clients at all levels including C suite.Demonstrate excellent motivational skills and lead by example in all areas.Support a culture of commitment, team work and productivity alongside diversity and work life balance.Must have experience in Front, Middle and Back Office servicesDeep experience in the Index and Benchmark Domain – including servicing complex FO use cases for highly customized benchmarks and ETF businesses.Extensive experience with Financial Services data domains – Security Reference Master, Positions, Transactions, Cash, Performance, AnalyticsMust have demonstrated success in Practice/Product managementKnowledge of Data Management, Data Governance, Service Catalogue, Data Lineage tools, Operational Dash boards, Process Monitoring toolsWorking knowledge in Azure cloud platforms and SnowflakeKnowledge about internal and external integrations, triage issues and implement/recommend solutions to data problems and anomaliesEducation & Preferred QualificationsUniversity degree in the field of computer science, data management or other financial services technical field15+ years in data management, product and market data roles and responsibilitiesSalary Range: $170,000 - $267,500 AnnualThe 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 .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 StatementJob 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.SummaryLocation: Boston, Massachusetts; London, England; Burlington MassachusettsType: Full time