Head of US Institutional Client Coverage - State Street Investment Management, SVP
State Street
Company Overview
Across the globe, institutional investors rely on State Street to help them manage risk, respond to challenges through solutions, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged professionals are essential to our success.
For nearly four decades State Street Investment Management (“State Street IM”) has been committed to helping our clients and those who rely on them achieve financial security. We partner with many of the world's largest most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous investment process spanning both indexing and active disciplines. With trillions in assets our scale and global reach offer clients unique access to markets geographies and asset classes and enable us to deliver both thoughtful insights and creative solutions. State Street IM is the investment management arm of State Street Corporation.
Our commitment to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.
The Role
This position is an exciting opportunity to join one of the industry’s largest and best regarded global asset management firms. State Street Investment Management is looking for an inspirational leader that is ready to further shape its US regional institutional client coverage organization, by helping develop the US value proposition, and evolving the distribution partnership approach to drive the next phase of its growth in the region.
This leader will partner with senior management to set the end-to-end strategy for the firm’s US institutional client business and bring to life the company’s investment solutions, insights, and partnership oriented brand. He/She will engage with key clients in the United States and build a high performing team that creates trusted relationships with existing and potential clients, collaborates effectively within the firm, and achieves above industry rate of inflows and growth in net new revenues for State Street Investment Management in the US. Responsibilities include:
Institutional Team Leadership:
Bring sales management expertise to develop a high performing US institutional client coverage organization to increase the firm’s relevance with the world’s investors, grow market share meaningfully and achieve the sales and financial goals
Align sales and relationship management resources; define sales goals, ensure incentive alignment to goals, and drive results
Engage in the development and articulation of strategic plans for the institutional business of State Street IM, and working in close coordination with the Chief Business Office and Investments organization, translate this strategy into actionable go-to-market plans
Build on State Street IM’s leadership position to provide differentiated solutions to investors
Nurture, coach, and develop sales teams and professionals to best enhance their prospecting and client relationship success and effectiveness in the field;
Lead strategic planning for growth initiatives, competitive intelligence and business projects
Facilitate shared understanding of the Institutional client coverage strategy and priorities across key stakeholders
Provide first-line leadership on client engagement issues
Organizational Leadership:
Participate in initiatives designed to maintain the State Street IM and STT organizational culture and fiduciary mindset and improve employee engagement and experience
Foster behaviours that contribute to cultural traits of speaking up when there is an issue and group accountability; promote a culture of continuous improvement; and ensure a control environment that supports a compliance and risk culture
Candidate Profile
The successful candidate will come with a wealth of experience in leading client-orientated businesses for US institutional clients, as well as a track record for inspiring and developing top sales talent.
What we value:
Executive presence to lead, inspire and motivate across different cultures and functional teams; demonstrated creativity, drive and ambition in leading a US organization
A combination of focus and flexibility - this role is both highly strategic and facilitative
Ability to build executive-level client relationships, including C-suite engagement, that result in mutually beneficial partnerships; as well as a proven ability to form and cultivate positive relationships with internal colleagues locally and internationally
Strong technical ability and investment acumen
Successful experience setting, measuring, meeting and exceeding sales targets
Ability to use data and metrics to set and drive strategic objectives
Ability to thrive in a highly regulated environment that demands full compliance with policies and procedures
Job Requirements and Minimum Qualifications
Minimum of 15 years of experience selling complex solutions to and/or servicing institutional clients
Experience in a large-scale investment management organization, ideally with knowledge in sales management practices as well as index and ETF strategies
Experience in dealing with wealth/intermediary business’ around the US helpful
Existing industry profile and relationships that can accelerate the success of sales initiatives
About State Street Investment Management
What We Do. As the asset management arm of State Street Corporation, State Street Investment Management has served the world’s governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become one of the world’s largest asset managers with trillions of dollars under our care.
Our Mission. At State Street Investment Management our mission is to invest responsibly to enable economic prosperity and social progress. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to Flexible Work Programs 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 perspectives 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 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 programs and access to employee networks that help you stay connected to what matters to you.
Salary Range:
$225,000 - $337,500 AnnualThe range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.