Wealth Custody and Clearing Strategy & Partnerships, Vice President

State Street•Boston, MA

12d

About The Position

The Vice President supports a broad range of strategy and execution activities for State Street’s Wealth Custody business, reporting to the Wealth Services Head of Strategy & Partnerships for Custody. The role supports growth through strategic and business development initiatives, contributes to strategic and operating plans, and develops market and competitive insight into the global Wealth Custody partnership ecosystem. The position identifies potential strategic partners and works with enterprise M&A teams to evaluate minority investments and acquisitions. It also supports contractual arrangements, business development initiatives, and internal and external governance. The role works across business functions and with third parties and consultants to build alignment, share information, manage issues, and facilitate timely decisions. The successful candidate brings strategy, analytical, financial modeling, and transaction experience, along with the ability to deliver complex cross-functional initiatives and translate client and industry trends into actionable plans.

Requirements

At least 7 years of related experience.
Undergraduate degree required.
Proven 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 trends into actionable strategy.
Extensive experience modeling Pro Forma financials that reflect 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.
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 vision into actionable business plans that drive measurable results.
Results-oriented approach and commitment to client success and performance excellence.
Ability to lead, prioritize, and execute multiple simultaneous priorities and initiatives.
Strong delivery-focused mindset and ability to work on parallel initiatives both tactically and strategically.
Outstanding verbal and written communication skills.
Strong business judgment and ability to think through complex business issues.
Critical assessment capability and commitment to high-quality work products.

Nice To Haves

Graduate degree or MBA preferred.
Related experience preferably within the Financial Services industry.
Top-tier investment banking, business development, or corporate development experience preferred, particularly with exposure to wealth management or wealth custody.
Consulting experience is a plus but not required.
Innovative and forward-thinking approach, including ability to anticipate market trends and adapt strategies to maintain a competitive edge.

Responsibilities

Support the growth strategy for the Wealth Custody offering through strategic and business development initiatives.
Contribute to strategic and operating planning processes in partnership with business leaders.
Conduct regular market and competitive research to develop a view of the global Wealth Custody partnership ecosystem.
Identify strategic partners and work with enterprise M&A teams to evaluate minority investment 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.
Build alignment among internal business teams, third-party partners, and consultants.
Drive joint and internal governance with internal and external stakeholders.
Manage issues and facilitate required decision-making.
Plan and execute business development initiatives in close collaboration with senior management and product management.

Benefits

401(k) retirement savings plan with company match.
Insurance coverage including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Access to an Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, with certain sales-role exclusions.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.