Head of Prime Services, Senior Vice President
Head of Prime Services, Senior Vice President
Who we are looking for
Prime Services is a core business unit within State Street Global Markets ("SSGM"). Acting in a principal capacity, State Steet's Prime Services offers securities financing directly to funds, within the funds' segregated custody accounts versus margin accounts at a prime broker.
SSGM seeks a dynamic executive to lead the Prime Services organization globally. This role involves leading a team of professionals, responsibility for financial budgets, developing strategic plans, and fostering client relationships to drive sustained business growth. This individual will report directly to the Head of Financing Solutions, work closely with the SSGM senior leadership team and work collaboratively with cross-business and cross-organizational support functions (e.g., Treasury, Risk, Institutional Services, Segments/Sales, Marketing, Legal, Compliance).
Why this role is important to us
The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM's number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world. Join us if making your mark in the capital markets industry from day one is a challenge you are up for.
What you will be responsible for
As Head of Prime Services, Senior Vice President you will develop and drive the execution of the Prime Services strategy, generating alpha for clients while achieving revenue, expense and return on capital targets.
• Leads, mentors, and manages a high caliber team across NA, EMEA and APAC
• Fosters a performance culture that encourages innovation and collaboration
• Develops and implements strategic plans, including identification of new business opportunities
• Works closely with other senior executives to execute strategy, product and geographic expansion efforts, and scalable technology and operating model solutions
• Develops strategic relationships with key client contacts and ensures State Street is viewed as an integral, long-term partner
• Delivers highly valued solutions to clients, ensuring comprehensive and consistent delivery of services as their needs evolve
• Monitors market trends and competitor activities to stay ahead in the industry
• Develops financial budgets and drives global execution against clearly defined revenue, expense and NIBT metrics and milestones
• Creates a risk culture that ensures compliance with applicable regulatory provisions, internal and external audit reviews and overall risk controls
• Provides regular updates and reports to senior management on the division's performance
• Represents State Street in key industry forums relating to securities finance
What we value
The Head of Prime Services, Senior Vice President requires senior leadership experience and advanced skills in areas such as:
• Creative, outcome-driven influencer with demonstrated leadership and exceptional talent development capabilities
• Demonstrated ability to achieve strategic business, financial performance and exemplary client satisfaction results
• Proven skillset in translation of industry / client themes and trends into actionable strategy, partnering effectively with a wide range of internal and external constituents
• Comprehensive knowledge of market dynamics and regulatory landscape
• Ability to lead, prioritize and execute on multiple, simultaneous priorities and initiatives
• Excellent verbal and written communication skills
Education & Preferred Qualifications
• 15+ years' experience in Prime Services, Securities Finance or related field
Additional requirements
• Travel may be required
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
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 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.
State Street is an equal opportunity and affirmative action employer.
Salary Range:
$300,000 - $337,500 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.
