Wealth Custody and Clearing Strategy & Partnerships, Vice President

State Street•Boston, MA

13d•$110,000 - $207,500

About The Position

The Vice President supports strategy and execution for State Street’s Wealth Custody business, reporting to the Wealth Services Head of Strategy & Partnerships for Custody. The role helps grow a substantial, market-leading Wealth Custody offering through strategic and business development initiatives, market research, partnership evaluation, and collaboration with business leaders and internal and external stakeholders. The position contributes to strategic and operating plans, evaluates the Wealth Custody partnership ecosystem and potential investments or acquisitions, and supports contractual arrangements. It also drives governance, issue management, and decision-making across stakeholders while planning and executing business development initiatives with senior management and product management.

Requirements

At least 7 years of related experience, preferably in the financial services industry.
Undergraduate degree required.
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, 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 manage multiple priorities and initiatives simultaneously.
Strong strategic and analytical skills, including translating vision into actionable business plans and measurable results.
Customer orientation and ability to understand and act on customers’ current and future needs, issues, and challenges.
Results-oriented approach and commitment to client success and performance excellence.
Outstanding verbal and written communication skills.
Strong business judgment and ability to reason through complex business issues.
Critical assessment capability and a high bar for work-product quality.

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.
Innovative, forward-thinking approach and ability to anticipate market trends and adapt strategies.

Responsibilities

Support growth strategy for the Wealth Custody offering by driving strategic and business development initiatives.
Contribute to strategic and operating planning in partnership 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 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 across internal business teams, third-party partners, and consultants.
Drive joint and internal governance with stakeholders, manage issues actively, and facilitate required decision-making.
Plan and execute business development initiatives in close collaboration with senior management and product management.

Benefits

Retirement savings plan (401K) with company match.
Insurance coverage, including basic life, medical, dental, vision, and long-term disability, as well as optional additional coverage.
Paid time off, including vacation, sick leave, short-term disability, and leave for family care responsibilities.
Access to an Employee Assistance Program.
Eligibility for annual performance-based incentive awards, except for 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.