At a Glance
- Tasks: Lead a team of experts in implementing cutting-edge investment management solutions.
- Company: Join State Street, a leader in financial services and technology innovation.
- Benefits: Enjoy flexible work-life support, paid volunteer days, and inclusive development opportunities.
- Other info: Dynamic role with travel opportunities across Europe, the Middle East, and Africa.
- Why this job: Make a real impact in the finance world using AI and Blockchain technologies.
- Qualifications: 8+ years in investment management with strong leadership and consulting skills.
The predicted salary is between 80000 - 100000 £ per year.
What we are looking for
Practice Managers have two overall responsibilities.
They serve as managers of a speciality consulting team, or Practice.
They also contribute to individual projects while serving as senior subject-matter experts.
As a manager, Practice Managers lead teams of consultants who are subject-matter experts in the implementation of the Charles River Investment Management Solution (CR IMS).
- Hiring and staff development of team members as well as all administrative responsibilities including objectives, reviews, promotion recommendations and time & expense approval.
- Utilisation of their team in order to deliver successful projects while meeting financial goals.
- Development of the ‘Best Practices’ which govern CRIMS implementations in their speciality area.
- Define and maintain implementation approach and delivery documentation; provide leadership for ADP Practise members; liaise with counterparts in NA and APAC to ensure consistent global approach and standards
Their contributions as expert-level project resources include defining client requirements, configuring and tuning the solution to the client’s business and technical needs, training clients, testing workflows and resolving issues before taking the client “live”.
Practice Managers should also have advanced consulting skills.
This includes the ability to build effective working relationships, manage difficult situations and influence key decision-makers.
They should also be able to evaluate these skills in their team members and provide feedback.
Why this job is important to us
The team you will be joining is a part of Charles River Development (or CRD), that became a part of State Street in 2018.
CRD helps create enterprise investment management software solutions for large institutions in the areas of institutional investment, wealth management and hedge funds.
Together we have created the first open front-to-back platform - State Street Alpha, that was launched in 2019.
Join us if delivering next generation infrastructure, using emerging technologies like AI and Blockchain sounds like a challenge you are up for.
- What you will be responsible for
- Manage staffing to optimise utilisation of your team.
Use project assignments to expand your team's skillset.
Provide career path guidance.
Partner with the recruiting team to hire talent at junior and senior experience-levels.
Set objectives and evaluate team members.
Make promotion recommendations.
- Lead efforts to develop implementation Best Practices in your team.
Promote your team's effective use of Best Practices in their projects.
Manage your team's relationship with Product Management.
Optimise Product's involvement in projects so that they are providing necessary implementation guidance and receiving useful feedback from the field.
- Provide a support network for your team to leverage during their project work. This is critical to project success as well as staff retention efforts.
- Ensure your team is supporting the staffing process, time & expense process, technology adoption and other organisational initiatives.
- Lead the development of domain expertise in your team.
Build awareness within your team of the emerging business & technical drivers which are impacting our customers.
Help to create or drive forums to share expertise throughout CRD.
- Serve as subject-matter expert within CRIMS implementation and upgrade projects.
Analyse and evaluate requirements while providing product expertise and guidance throughout the project.
Ensure the solution meets the client’s business needs and that the client is prepared to assume ownership and operate the solution after go-live.
- Analyse and evaluate client requirements in order to help Charles River respond to sales opportunities.
Contribute to sales presentations and proof-of-concept projects to demonstrate the potential of CRIMS to satisfy specific client needs.
- Educate clients on the functionality provided by CRIMS. Advise on best practices regarding the implementation and operation of Charles River solutions and services.
- Monitor and evaluate client requirements to identify potential enhancements to Charles River solutions and services.
Document and communicate product improvements as part of client-specific implementation projects or in response to trends in the marketplace.
- Contribute to software quality by clearly communicating defects to Technical Support and Product Management.
- What we value
- Experience managing investment professionals. Experience managing consulting teams is preferred.
- Experience supporting or implementing investment management solutions within a bank, hedge fund, asset manager or wealth management firm.
Experience with order management and compliance solutions is especially valuable.
- Knowledge of all asset classes including equity, fixed income, and derivatives.
- A strong record of client service.
Practice Managers must understand client needs and build effective relationships.
Must have the ability to work within a team environment and be focused on providing high-quality service to our clients.
- Team player who shares knowledge and experience openly. Mentor less-experienced colleagues while leveraging the expertise of more-experienced colleagues.
- Strong verbal and written communication skills including the ability to convey plans, issues and risks to clients and team members in a clear and concise manner.
- Strong problem-solving skills. Analytical thinker who can decompose complex issues into components and perform root cause analysis.
- Strong time management skills including the ability to manage multiple projects in parallel.
Education & Preferred Qualifications
- Four (4) year degree in a business or technical field such as Finance, Mathematical Finance, Economics, Engineering, or Computer Science.
An advanced degree or industry certification such as the CFA is a strong plus.
- 8+ years of experience
- Additional Requirements
- The ability to travel to client sites throughout Europe, the Middle East, and Africa as well as the ability to work effectively when remote from clients.
Travel of 30-50% is typical but may exceed that at any given year.
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.
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- State Street. com/careers
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- CEO Statement
Practice Manager, TIS, Charles River Development VP in London employer: State Street
State Street is an exceptional employer, offering a dynamic work environment in the heart of the UK financial sector. With a strong commitment to employee development, inclusive culture, and flexible work-life balance, we empower our team members to thrive while contributing to meaningful governance initiatives. Join us to be part of a collaborative team that values your insights and fosters your professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Practice Manager, TIS, Charles River Development VP in London
✨Tip Number 1: Get Involved in Consulting Case Competitions
Look for case competitions hosted by universities and consulting firms. They’re a fab way to showcase your problem-solving skills and meet industry players. Plus, winning one can seriously boost your CV, which we know is key when applying for roles like Practice Manager, TIS, Charles River Development VP at State Street!
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✨Tip Number 4: Polish Your Consulting Skills Online
Engage with online platforms that offer consulting simulations or courses. Prove your chops by completing relevant projects — this not only beefs up your experience but also gives you concrete examples to chat about during interviews for that full-time Practice Manager, TIS, Charles River Development VP role at State Street!
We think you need these skills to ace Practice Manager, TIS, Charles River Development VP in London
Some tips for your application 🫡
Show Your Problem-Solving Skills:In management consulting, it's all about problem-solving—so make sure your CV highlights your analytical and critical thinking skills. Include examples from your studies or previous roles where you tackled complex issues or came up with innovative solutions. Quantify your achievements whenever possible to demonstrate your impact!
Tailor Your Cover Letter:Your cover letter is your chance to explain why you're a perfect fit for the consulting world. Focus on your motivation for joining the industry and how your skills align with the requirements of the role at State Street. Remember to mention any relevant coursework or projects that showcase your understanding of strategic frameworks or business models!
Highlight Team Experience:Consultants often work in teams, so it's vital to showcase your collaborative skills. Include experiences where you've worked effectively with others, whether in academic group projects or internships. Discuss your role in the team and how you helped achieve common goals, demonstrating you can thrive in a consultancy environment.
Professionalise Your Online Presence:Make sure your LinkedIn and any other professional profiles are up to date, reflecting your career aspirations in management consulting. Connect with industry professionals and follow relevant groups—show you’re serious about entering this field. Applying through our website is a great way to get noticed, so showcase your personality and enthusiasm there!
How to prepare for a job interview at State Street
✨Master the Case Study Game
In management consulting, case study interviews are all the rage. Make sure to practice structuring your thoughts and analysing data on the fly. Use resources like example case studies to get comfortable with frameworks and solutions. Remember, it’s not just about getting the right answer but showcasing your thought process, so talk us through your reasoning!
✨Know Your Numbers
Be prepared for some numerical and analytical questions. Brush up on your mental math and be ready to interpret data from charts or graphs. We might throw some business scenarios at you that require a quick turnaround on numerical analysis, so practice these skills to feel confident and swift!
✨Show Your Leadership Flair
As this is a full-time role, we want to see your potential as a seasoned consultant. Be ready to discuss experiences where you've led a project or a team. Think about times you've influenced decisions or navigated challenges—this is your chance to show how you can thrive in a fast-paced, collaborative environment.
✨Be a Cultural Fit
We’re not just looking for brains; we want to see if you vibe with our company culture at State Street. Prepare to share how your values align with ours. Have a think about what makes a great team environment for you and how you can contribute to that. A good cultural fit goes a long way in management consulting!