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Head of Asset Management Strategy, Managing Director

State Street

State Street

Boston, MA, USA
Posted on Tuesday, April 23, 2024

Who we are looking for

As a Managing Director in the Corporate Strategy team, you will participate in complex strategy projects, working with senior leaders across the organization. Your focus will be on our Asset Management business as the Head of Asset Management Strategy. You will also have the opportunity to work on enterprise projects for overall State Street depending on the highest strategic priorities of the leadership team.

Typical projects could include strategy development, market entry or exit, market segmentation, product / customer positioning and profitability, analyzing fintech opportunities for partnerships/acquisitions, and capital investment decisions.

Why this role is important to us

State Street’s Corporate Strategy Group is focused on providing strategic support and insight across State Street’s diverse business lines (e.g., asset management, custody services, data & analytics solutions, FX & treasury) to drive effective decision-making and action by senior management and the Board. The right candidate is expected to bring a combination of strategic consulting, problem solving skill sets with industry and functional expertise to be a thought partner for senior business leaders

This is a great opportunity to join a small, high-impact team with direct exposure to State Street’s senior management, CEO and Board. The group has a track-record of people migrating from Global Strategy to leadership roles across the firm, and senior management includes many alumni from top management consulting firms.

Join us if making your mark in the financial services and asset management industry from day one is a challenge you are up for.

What you will be responsible for

As Managing Director, Head of Asset Management Strategy you will

  • Understand strategic issues faced by the business, especially State Street’s Asset Management business line and Asset Manager customer segments
  • Run projects designed to assess and address those strategic issues: from framing up-front work plans to crafting and executing on the analyses and steps outlined in those plans
  • Distill complex information down into clear, actionable insights for senior management
  • Propose and design ongoing methods for monitoring the health of the business
  • Communicate results and findings to senior management
  • Own relationships with key partners
  • Engage in “quick hit” deliverables for senior leadership
  • Identify business investment needs for purposes of financial planning and subsequent tracking
  • Mentor less-experienced team members to develop a collaborative and challenging team environment focused on development and growth

What we value

These skills will help you succeed in this role

  • Strong quantitative and qualitative problem-solving skills
  • Strong work-ethic with ability to multi-task in a fast-paced environment under tight deadlines
  • Strong communication skills to clearly articulate ideas and ability to use experience and analysis to gain support and work with internal and external parties
  • Excellent critical-thinking skills with ability to structure and solve complex business problems
  • Ability to juggle multiple priorities at once, including quick turn-around high priority items

Education & Preferred Qualifications

  • 7+ years of work experience in strategy functions
  • Asset management industry experience and/or top-tier strategy consulting experience with exposure to Asset Management, preferred
  • MBA or CFA preferred
  • Proven leadership skills, with the ability to coach and develop team members
  • Financial analysis skills
  • Advanced proficiency in Microsoft Excel and PowerPoint

About State Street

What we do. 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.

Discover more at StateStreet.com/careers

Salary Range:

$170,000 - $267,500 Annual

The 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.