Securities Services - On-Balance Sheet Product – Vice President

Job Summary

As a Vice President within the On-Balance Sheet Liquidity Product team in Securities Services Liquidity & FX, you will play a key role in supporting the design, delivery, and ongoing management of innovative balance sheet solutions for a global client base of asset managers and asset owners. The On-Balance sheet product team is responsible for running a $225BN+ deposit book, $1.5BN of overdrafts, providing innovative interest and liquidity solutions designed to meet the needs of Securities Services asset manager and asset owner client base – handling 425,000+ demand deposit accounts across 70+ currencies. The team reports into the Global Head of Liquidity & FX, and is part of the Custody organization within Securities Services.

Reporting directly to the Global Head of On-Balance Sheet Product, you will be instrumental in driving the execution of the strategic product roadmap, ensuring delivery of high-quality product solutions that are aligned with client needs, regulatory requirements, and firmwide goals. You will collaborate cross-functionally with stakeholders in Product Development, Technology, Operations, Sales, Risk, Finance, and Legal to deliver robust and scalable solutions.

This role is ideal for a candidate with strong product management experience, regulatory fluency, and a client-first mindset who thrives in a fast-paced, global environment.

Job responsibilities

• Support Product Strategy Execution: Drive delivery of key product initiatives across deposits, liquidity, and interest solutions, ensuring alignment with the broader Securities Services and Cash & Liquidity strategy.
• Product Lifecycle Ownership: Manage day-to-day product performance, including onboarding support, pricing reviews, client engagement, issue resolution, and continuous enhancement of features and controls.
• Client and Market Focus: Assist in developing and tailoring solutions to meet evolving client needs, including global and regional asset managers and asset owners, and monitor market developments and competitor offerings.
• Cross-Functional Delivery: Partner with Technology and Operations to support the ongoing build-out of the strategic liquidity platform, including migrations from legacy solutions (e.g., notional pooling and group pricing).
• Subject Matter Expertise: Develop and maintain expertise across deposit products and liquidity structures, including pricing, liquidity management, and regulatory topics such as Basel III, deposit insurance, and withholding tax considerations.
• Risk & Regulatory Support: Contribute to the creation and maintenance of robust control frameworks that support compliance with deposit-taking regulations and internal risk standards.
• Analytics & Reporting: Leverage data to support product decisions, identify trends and opportunities, and contribute to performance tracking and reporting for senior management.
• Stakeholder Engagement: Build strong partnerships across internal teams including Balance Sheet Management, Treasury, Finance, Risk, and Legal to ensure alignment and successful execution of product deliverables.

Required qualifications, capabilities, and skills

• Proven experience in product management, financial services, or liquidity and deposit products, within Securities Services, Treasury, or Payments environments.
• Strong analytical and problem-solving skills, with the ability to manage complex, multi-dimensional initiatives across functions.
• Excellent written and verbal communication skills with the ability to articulate technical concepts to diverse audiences.
• Familiarity with global regulatory frameworks impacting deposits and liquidity (e.g., Basel III, LCR/NSFR, deposit insurance regimes).
• Strong organizational skills and attention to detail; capable of managing multiple priorities in a dynamic environment.
• Demonstrated ability to work independently while also contributing to team-based deliverables.

Preferred qualifications, capabilities, and skills

• Securities Services-related experience, and/or deposit experience
• Understanding of liquidity products such as notional pooling, group pricing, and multi-currency deposit structures.
• Exposure to platform or infrastructure transformation projects, especially in a highly regulated environment.