# Product Development, MD at State Street

State Street is hiring a Product Development, MD in Boston, United States. It pays $170k-$268k a year and Level rates it Little AI ●○○○; you can [apply on State Street](https://jobsbylevel.com/go/07a606b8-576a-452d-8bbf-7f575a5ef606?utm_medium=ai-agent).

AI Level 1, AI centrality 37 out of 100. Boston, Massachusetts.

## Details

- Company: [State Street](https://jobsbylevel.com/companies/state-street)
- AI level: AI Level 1 (score 37 out of 100)
- Location: Boston, Massachusetts
- Salary: $170k-$268k
- Posted: October 21, 2026
- Apply: https://jobsbylevel.com/go/07a606b8-576a-452d-8bbf-7f575a5ef606?utm_medium=ai-agent

## Description

The Alternatives Product organization seeks a qualified leader with strong experience and interest in product solutions for Private Markets in US and Real Assets globally. State Street is making a multi-year strategic investment in Private Markets and as we look to increase our footprint we need a strong manager to work with clients and prospects on new product development and execution and refinement of our multi-year strategy. This role will report to the Global Head of Real Assets and is responsible for defining and executing on the Alternatives roadmap in the region and expansion of our US Private Markets and global Real Assets offering (capabilities, services and platform). The product offering includes front-office technology, traditional middle and back-office asset and fund administration, and transfer agency, including our Alpha for Private Markets strategy. The role is a key voice in our overall private markets product and in helping to strengthen State Street’s position in the industry. The product and capabilities development work are expected to align with increasing our market share, closing product gaps to support client retention, client growth, and enhancing client experience. The successful candidate must be highly organized and be able to move seamlessly between multiple implementations and changing client requirements. The role will include implementing solutions not only for specific clients, but also as part of the overall Private Markets strategy that will be leveraged across clients. Responsibilities In collaboration with the Global Head of Real Assets and global Alternatives Product team, build and execute the product strategy for State Street’s Alternatives segment in the region. Grow our Alternatives share of wallet by partnering and solutioning with our sales and segments teams, including supporting RFI/RFP responses and pitch meetings. Understand the firm’s strategic plans, business, process and architecture and apply that knowledge in the solution design and development phases. Assist in creating our technology, services and product strategy including competitive landscape, pricing and go-to market. · Act as subject matter expert for the US Private Markets and global Real Asset products. · Participate and provide thought leadership for the product. Gather and track client feedback/requests and incorporate in product development roadmap. Lead conception, development and implementation of new products, capabilities or services impacting the Private Markets business, including partnering with other members of the Product team, Global Delivery, Technology and the Alpha team. Support annual planning and funding prioritization activities where required. Skills A combination of proven performance, business acumen, and critical thinking skills. Strong written and verbal communication, influencing and collaboration skills including the ability to effectively present information and respond to questions from senior leaders at State Street, clients and prospects. Experience in supporting sales processes by pricing new business, participating client/prospect presentations and pitch meetings. Demonstrate strong understanding of product development process, agile development and experience with asset servicing for Private Markets is a plus. Excellent project management, analytical and process transformation skills, including experience with agile development processes and tools. Ability to organize, prioritize, balance key tasks and manage time effectively – expectation to lead as well as roll up your sleeves as needed. · Self-motivated professional with the ability to work under pressure to meet deadlines and goals Education & Preferred Qualifications · Minimum of 15 years of Alternatives experience in back, front and/or middle office. · Expertise with fund accounting, investor services and data management platforms · Understanding of the Alternatives industry including regulatory requirements Salary Range:

The description is cut here. Read the full offer: https://jobsbylevel.com/jobs/product-development-md-at-state-street-fe1c83

Source: https://jobsbylevel.com/jobs/product-development-md-at-state-street-fe1c83

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