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- Tasks: Lead strategic initiatives and business development for Wealth Services at State Street.
- Company: State Street is a global leader in financial services, safeguarding investments for millions.
- Benefits: Enjoy flexible work options, competitive medical care, and comprehensive development programmes.
- Why this job: Join a diverse team making an impact in the financial industry with innovative strategies.
- Qualifications: 5+ years in financial services, strong M&A experience, and a relevant degree required.
- Other info: State Street values inclusion and community engagement, offering paid volunteer days.
The predicted salary is between 43200 - 72000 £ per year.
The Vice President, Strategy and Business Development for Wealth Services will report into the Senior Vice President, Strategy and Business Development for Wealth Services. The selected candidate will be responsible for supporting a wide range of strategy and execution activities for the business, including:
- Supporting the growth strategy for a substantial, market-leading offering through driving strategic and business development initiatives.
- Contributing to the strategic and operating planning processes in partnership with business leaders.
- Conducting regular market and competitive research to build a market leading view of the global ecosystem of wealth services providers globally.
- Identifying strategic partners and working with enterprise M&A teams to evaluate minority investment and acquisition opportunities.
- Supporting business leaders in executing strategic partnerships with clients, fintech firms, custodians, data providers, and other third parties.
- Supporting the head of the department in finalizing contractual arrangements.
- Planning and executing business development initiatives in close collaboration with senior management and product management, including identifying potential targets for acquisition.
- Undertaking chief of staff responsibilities for the head of the department inclusive of supporting the administration and delivery of clear goals and metrics (OKRs - Objectives and Key Results) for Wealth Services Strategy and business development.
- Developing materials for Quarterly Business Reviews (QBRs) with Global Head of the business.
- Supporting Business Intelligence Projects, in partnership with teams such as finance and talent.
Ideal Competencies & Experience
- Proven record of supporting M&A transactions and transaction experience in crafting strategic alliances, partnerships, and investments.
- Extensive experience in modelling Pro Forma financials reflecting revenue and cost implications of strategic partnerships being evaluated.
- Exposure to the wealth management servicing industry with proven skillset in translation of industry/client themes and trends into actionable strategy, partnering effectively with a wide range of internal and external constituents.
- Ability to deliver across complex multi-functional projects.
- A customer orientation which allows him/her to solicit, acquire, and act on information from customers concerning their current and future needs, issues, and challenges.
Education & Preferred Qualifications
- Undergraduate degree minimum and graduate degree/MBA preferred.
- 5+ years of related experience preferably within the Financial Services industry.
- Top-tier investment banking, business development, or corporate development experience preferred, particularly with exposure to Financial Services/FinTech.
- Ability to lead, prioritize and execute on multiple, simultaneous priorities and initiatives.
- Strong delivery focused mindset; ability to work on multiple initiatives in parallel, thinking both tactically and strategically.
- Outstanding verbal and written communications.
- Superb business judgment and ability to think through complex business issues.
- Critical assessment capability - ability to maintain a very high bar and deliver excellence in work products.
About State Street
State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow
We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility
We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Strategy and Business Development, Wealth Services, Vice President employer: State Street
Contact Detail:
State Street Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Strategy and Business Development, Wealth Services, Vice President
✨Tip Number 1
Network with professionals in the wealth management and financial services sectors. Attend industry conferences, webinars, and local meetups to connect with potential colleagues and mentors who can provide insights into the role and company culture.
✨Tip Number 2
Stay updated on the latest trends and developments in wealth services and fintech. Subscribe to relevant publications and follow thought leaders on social media to demonstrate your knowledge during interviews and discussions.
✨Tip Number 3
Prepare to discuss specific examples of your experience with M&A transactions and strategic partnerships. Be ready to articulate how your past roles have equipped you with the skills necessary for this position at State Street.
✨Tip Number 4
Familiarise yourself with State Street's values and initiatives, particularly around inclusion and diversity. Being able to align your personal values with those of the company can set you apart as a candidate who truly fits their culture.
We think you need these skills to ace Strategy and Business Development, Wealth Services, Vice President
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in strategy, business development, and M&A transactions. Use specific examples that demonstrate your ability to support growth strategies and execute complex projects.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the wealth services industry and how your background aligns with the role. Mention your understanding of market trends and your experience in building strategic partnerships.
Showcase Your Communication Skills: Since outstanding verbal and written communication is crucial for this role, ensure your application materials are clear, concise, and free of errors. Consider including a brief example of a successful presentation or report you’ve delivered.
Highlight Relevant Education and Experience: Clearly state your educational qualifications, especially if you have an MBA or related degree. Emphasise your 5+ years of experience in financial services, particularly any roles that involved strategic planning or business development.
How to prepare for a job interview at State Street
✨Research State Street Thoroughly
Before the interview, make sure to dive deep into State Street's history, values, and recent developments. Understanding their position in the wealth services industry will help you tailor your responses and demonstrate your genuine interest in the company.
✨Prepare for M&A Discussions
Given the role's focus on M&A transactions and strategic partnerships, be ready to discuss your past experiences in these areas. Prepare specific examples of how you've contributed to successful deals or partnerships, highlighting your analytical skills and business judgement.
✨Showcase Your Strategic Thinking
The role requires a strong ability to think strategically about market trends and client needs. Be prepared to discuss how you've identified opportunities in previous roles and how you would approach developing strategies for State Street's growth.
✨Demonstrate Communication Skills
As the position involves collaboration with various stakeholders, showcasing your verbal and written communication skills is crucial. Practice articulating complex ideas clearly and concisely, and consider preparing a brief presentation on a relevant topic to demonstrate your ability to communicate effectively.
