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Open nowPosted 41 days ago

Senior Functional Consultant

State Street1,188 open roles

Where
Hyderabad, India
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Your applicationOpen nowSenior Functional ConsultantState Street · Hyderabad, India

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The clock on this job

Early applications get read.

12.3% of postings close within 7 days. Measured by our own scanner across the market. State Street postings stay open a median of 29 days.

Share of postings closed within
  1. 2.1%1 day
  2. 4.5%3 days
  3. 12.3%7 days
  4. 19.3%14 days
  5. 35.6%30 days
  6. 57.8%60 days
This job: posted 41 days ago

State Street median: 29 days open

The posting

Sr. Functional Consultant– Professional Services

Charles River Development, a State Street Company Location: Hyderabad or Mumbai India Job Family: FinTech – Professional Services Implementation Time Type: Full Time | Job Type: Regular

About the Role

Consultants at Charles River Development (CRD) serve as subject‑matter experts in the implementation and upgrade of the Investment Management Solutions Application. This role is critical to ensuring successful client onboarding, solution configuration, testing, training, and go‑live readiness.

You will work closely with clients and internal teams to translate business and technical requirements into robust Investment Management Solutions and Technology solutions, while providing expert guidance throughout the implementation lifecycle. Consultants are expected to develop a solid understanding of the overall Investment Management Solutions and Technology platform, with foundational proficiency in Investment Management Solutions and Technology.

Why This Role Matters

Charles River Development became part of State Street in 2018 and plays a key role in delivering enterprise investment management solutions for institutional investment, wealth management, and hedge fund clients. Together, State Street and CRD launched State Street Alpha, the industry’s first open front‑to‑back investment platform.

This role contributes directly to delivering next‑generation investment infrastructure and supporting innovation across cloud, data, AI, and emerging technologies.

Key Responsibilities

Serve as a subject‑matter expert on Investment Management Solutions and Technology within implementation and upgrade projects.

  • Analyze, validate, and document client business and technical requirements, providing product expertise and recommendations.

Configure, tune, and test Investment Management Solutions and Technology workflows to meet client investment management and operational needs.

  • Ensure clients are fully prepared to assume ownership of the solution following go‑live.

Educate clients on Investment Management Solutions and Technology functionality and advise on best practices for implementation and ongoing operation.

  • Support and collaborate with other Professional Services team members by sharing knowledge and best practices.
  • Identify opportunities for functional or technical enhancements and communicate improvement ideas to Product Management.
  • Contribute to software quality by clearly documenting defects and supporting the defect resolution lifecycle.
  • Review documentation, identify gaps or inaccuracies, and recommend improvements.

Act as a primary domain authority for one or more Investment Management Solutions and Technology functional areas (e.g., OMS, Compliance, IBOR, Trading, FIX, Data & Reporting).

Lead complex solution design discussions, translating investment, operational, and regulatory requirements into scalable Investment Management Solutions and Technology configurations.

  • Provide architectural and functional guidance to project teams, ensuring consistency with CRD standards and best practices.
  • Serve as a trusted advisor to clients by proactively identifying risks, optimization opportunities, and long‑term platform considerations.
  • Mentor and coach junior consultants, reviewing configurations, test scenarios, and deliverables to ensure quality and consistency.
  • Drive functional leadership across multiple projects, supporting cross‑client reuse of patterns, accelerators, and implementation assets.
  • Partner closely with Product Management to:Influence product roadmap discussions through structured domain feedback Represent client and market needs based on hands‑on implementation experience
  • Lead or significantly contribute to:Client workshops and design sessions Solution walkthroughs for senior client stakeholders Go‑live readiness and post‑implementation reviews
  • Own and enhance Best Practices libraries, implementation playbooks, and domain‑specific accelerators.
  • Support pre‑sales or early‑stage client engagements where deep domain credibility is required.
  • Act as a point of escalation for complex functional issues prior to involving engineering or product teams.

What We Value

  • 12+ Years of experience implementing mission‑critical financial or investment management solutions.
  • Prior experience supporting or implementing solutions within:Asset managers Custodian banks Hedge funds Wealth management firms
  • Experience with order management and compliance solutions is strongly preferred.
  • Foundational knowledge of:Equity and/or fixed income instruments Investment management and wealth management workflows Derivatives and FX instruments (plus)
  • Working knowledge of:SQL and relational databases FIX or similar financial protocols (plus) Crystal Reports or similar reporting tools (plus)
  • Strong client‑service mindset with proven ability to build trusted client relationships.
  • Excellent verbal and written communication skills.
  • Analytical, detail‑oriented problem solver with strong root‑cause analysis capabilities.
  • Ability to manage multiple projects simultaneously in a fast‑paced consulting environment.
  • Collaborative team player who actively shares knowledge and mentors peers.
  • Demonstrated consulting skills including situational awareness and stakeholder communication.

Proven depth in at least one investment management domain within Investment Management Solutions and Technology.

  • Strong ability to connect technology decisions to investment, risk, and operational outcomes.
  • Leadership through influence rather than authority.
  • High degree of professional maturity when engaging with senior client stakeholders.
  • Ability to balance delivery excellence, client advisory, and internal capability building.

Education & Preferred Qualifications

  • Graduate degree in Finance, Economics, Mathematical Finance, Engineering, Computer Science, or a related technical/business discipline.

Additional Requirements

  • Willingness and ability to travel 20-30%, including regional and global client sites.
  • Capability to work effectively with clients and teams in remote or distributed environments.

About State Street

State Street is one of the world’s largest custodians, asset managers, and asset intelligence companies. For over 200 years, we have helped clients safeguard and grow the investments of millions of people worldwide. Our services span investment servicing, data & analytics, research, trading, and investment management.

We are committed to fostering an inclusive, flexible, and growth‑oriented workplace. Employees benefit from competitive compensation, comprehensive benefits, flexible work programs, learning platforms, and opportunities to make a meaningful impact in their communities.

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.

Discover more information on jobs at StateStreet.com/careers

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