Posted in General Business 30+ days ago.
Type: Full-Time
Location: Boston, Massachusetts
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.
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.
Position Overview
Private Equity is the largest sub-segment of the Private Markets industry. Private equity investments are increasingly housed in a variety of legal entity structures that go beyond the traditional GP/LP structure, including fund-of-funds, GP stakes funds, secondaries funds, and semi-liquid vehicles. This is expected to continue as more firms seek to broaden their private equity capabilities, liquidity, and distribution channels. As distribution channels expand, it is critical to have Investor Services capabilities that solve for all alternative structure and distribution methods including closed-ended funds, open-ended funds, private funds, registered funds, semi-liquid funds, distribution to wealth channels, and ultimate retailization of alternative investments.
This Senior Vice President position will report directly to the Executive Vice President, Global Head of Alternatives in State Street's institutional services division. The position will also collaborate closely with operating teams providing fund administration, custody, transfer agency, trustee services and analytics to PE managers. Additionally the position will collaborate with State Street's global markets FX trading teams and Data Solutions teams.
Primary Responsibilities
The Global Head of Private Equity & Alternatives Investor Services will have responsibility for a go-to-market strategy for how we develop PE asset servicing capabilities superior to global competitors in all major regions, and will be responsible for leading the firm's ability to capture anticipated growth levels. Additional the Global Head of Private Equity and Alternatives Investor Services will lead reviews of internal and external platforms and solutions for PE fund administration and Alternatives Investor Services to ensure that State Street's capabilities are industry-leading as the Alts landscape evolves.
Additionally the SVP will manage the Private Equity global P&L and will work closely with the EVP Global Head of Alternatives to identify and fund specific strategic programs, priorities and targets.
Product development, management and client solutions will be part of the direct remit of the Global Head of Private Equity & Alts Investor Services, and this SVP will collaborate closely with commercial teams and operating teams to drive superior outcomes for State Street and our global private equity clients, ensuring State Street's capabilities continue to be ahead of the curve on addressing servicing capabilities for emerging trends in the private equity space - including broadening distribution of products into semi-liquid vehicles and into wealth/retail investor bases.
Job Requirements and Minimum Qualifications
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:
$225,000 - $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.
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.
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