Wealth Custody and Clearing Strategy & Partnerships, Vice President
About The Position
The Vice President supports strategy and execution for State Street’s Wealth Custody business, including growth strategy, strategic and business development initiatives, and strategic and operating planning in partnership with business leaders. The role conducts market and competitive research on the global Wealth Custody partnership ecosystem, identifies potential strategic partners, and works with enterprise M&A teams to evaluate minority investments and acquisitions. The position collaborates with senior management, product management, internal business teams, compliance, risk, third-party partners, and consultants. It supports contractual arrangements, facilitates internal and external governance and decision-making, manages issues, and ensures timely and accurate information sharing. The role reports to the Wealth Services Head of Strategy & Partnerships for Custody.
Requirements
- Undergraduate degree required; graduate degree or MBA preferred.
- At least 7 years of related experience, preferably in Financial Services.
- Experience supporting M&A transactions and crafting strategic alliances, partnerships, and investments.
- Exposure to the wealth management servicing industry and ability to translate industry and client themes and trends into actionable strategy.
- Extensive experience modeling pro forma financials, including revenue and cost implications of potential strategic partnerships.
- Ability to partner effectively with a wide range of internal and external constituents.
- Ability to deliver across complex, multifunctional projects and to lead, prioritize, and execute multiple simultaneous initiatives.
- Strong delivery focus and ability to work on parallel initiatives, thinking both tactically and strategically.
- Outstanding verbal and written communication skills.
- Strong business judgment and ability to reason through complex business issues.
- Strong critical assessment skills and ability to maintain a high bar for work products.
- Customer orientation and ability to solicit, acquire, and act on information about customers’ current and future needs, issues, and challenges.
- Strong strategic and analytical acumen, with ability to translate a vision into actionable business plans and measurable results.
- Results-oriented approach, commitment to client success and performance excellence, and ability to anticipate market trends and adapt strategies.
Nice To Haves
- Graduate degree or MBA.
- Top-tier investment banking, business development, or corporate development experience, particularly involving wealth management or wealth custody.
- Consulting experience.
Responsibilities
- Support growth strategy for the Wealth Custody offering by driving strategic and business development initiatives.
- Contribute to strategic and operating planning with business leaders.
- Conduct regular market and competitive research on the global Wealth Custody partnership ecosystem.
- Identify strategic partners and work with enterprise M&A teams to evaluate minority investments and acquisition opportunities.
- Collaborate with compliance, risk, and business teams to ensure timely and accurate dissemination of information.
- Support the department head in finalizing contractual arrangements.
- Collaborate and align with internal business teams, third-party partners, and consultants.
- Drive joint and internal governance with internal and external stakeholders, actively manage issues, and facilitate required decisions.
- Plan and execute business development initiatives with senior management and product management.
Benefits
- 401(k) retirement savings plan with company match.
- Basic life, medical, dental, vision, and long-term disability insurance, with optional additional coverage.
- Paid time off, including vacation and sick leave.
- Short-term disability and family-care support.
- Employee Assistance Program.
- Eligibility for annual performance-based incentive awards, excluding certain sales roles subject to sales incentive plans.
- Eligibility for certain tax-advantaged savings plans.
- Inclusive development opportunities.
- Flexible work-life support.
- Paid volunteer days.
- Employee networks.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
