Job Description

Role Overview

The VP, Technology & Operations, Discretionary SMA Services will be responsible for developing the systems, processes and infrastructure to support the operations of discretionary separately managed account (SMA) services that will be brought to market alongside Charles River Development wealth platform in 2025.  This role will work   This individually will be the primary business user representative for all required systems and process development, and will work closely with the MD, Director of Wealth Advisory Services and MD, Wealth Hub & SMA Services as well as implementation resources from Charles River Development and portfolio managers within State Street Global Advisors.

Key Responsibilities

The VP, Technology & Operations, Discretionary SMA Services will be responsible for:

Complex project planning and management spanning the State Street organization and external parties required to support service delivery.Assessment and recommendation of internal and external technologies as part of overall service delivery ecosystem.Technical system requirements development, workflow design/development to support managed account operations including integration with custodians and trading venues, accounting reconciliation process, wealth manager/sponsor communications and account activity workflow development.Operationalizing the service delivery model including system/process testing, staffing model development and implementation, and the transition from development to daily operations.Support corporate processes such as new business and product review, onboarding of new vendors, architecture review, risk and control assessment, regulator audits, etc.Document and implement operational policy and procedures in as part of State Street corporate risk and control frameworksDriving business cases and deploying investments to expand the platform and achieve target business benefits and foster business growth

Qualifications

10+ years of directly experience in wealth management and managed accountsStrong background in an asset servicing business, ideally with wealth management / managed accounts experience, or experience within a wealth or asset management firm providing managed account solutionsProven track record defining business requirements related to system integration, workflow design, and overall business process definitionStrong interpersonal and communications skills, able to interact at all levels of the organization.  Able to collaborate with others in a matrixed organizationCharles River IMS, SQL, MS SQL Server software experience is preferred.Proven wealth investment operations depth with subject matter expertise in one or more of the following core areas: transaction management, reconciliations, corporate actions, security master maintenance, market data, performance measurement and attributionUndergraduate degree minimum

Additional requirements

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:

$130,000 - $212,500 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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