Fund Accounting – AVP, Data Product Development
State Street · Bangalore, India · 1mo ago
Who are we looking for
The 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 frameworks
Client and enterprise data delivery channels (APIs, reports, finance dashboards)
Logical and canonical data models aligned to accounting and operating models
Cloud-native data platforms and analytics capabilities
Evolution from statutory and management reporting toward insight-driven finance use cases
This 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 do
As 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 for
The AVP will have responsibility for the following
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.
Preferred skills and qualifications
Fund Accounting and operational background or experience
MCH knowledge a plus
Subject matter knowledge across accounting capabilities. (positions, lots, transactions, valuations, income, corporate actions, accruals, postings)
Strong analytical skills
Prior experience of successfully delivering change in a complex environment whilst managing competing environments, and delivering projects using Agile and Waterfall techniques
Proven change agent with track record of delivery
Integration and understanding of impact on Data Management
Track record of engagement with complex clients, solutioning operating models and translating requirements into feature function capability for State Street Custody platform
Familiarity with industry integration tools and their applicability in shortening the chain of custody across the investment lifecycle
Strong stakeholder management skills with an ability to navigate organization through the solution delivery cycle
Agile Development a plus
Required skills
Seasoned professional with 7+ years' experience in Fund Accounting
Worked in Product organizations in prior roles a plus
Operated at a global level
Prior experience working in Operations and/or technology
Consultative experience working with institutional investors
Strong team leadership and management skills
Track record of solving data integration challenges across complex and at-scale services
Outcomes expected from the roles
In depth understanding of asset servicing product and related data management.
Proactive input and idea generation for product development roadmap
Maintain up to date understanding of regulatory headwinds and other industry disruptors and industry bodies that could impact the area
Responsible for issue and risk escalation
Project /initiative ownership as requested, with appropriate reporting (with PMO) of prioritized and approved change
Appropriate 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 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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