What are the responsibilities and job description for the Stable Value Relationship Manager – Global Credit Finance, Vice President position at State Street?
Who We Are Looking For
The Global Credit Finance (GCF) division at State Street provides a range of financial solutions to support clients across the bank. We are a global division with approximately 150 employees in various locations worldwide.
The Stable Value (SV) team in GCF maintains a portfolio of wrap contracts supporting the management of 401(K), 457 and 529 tax deferred investments for key institutional relationships and is a significant driver of profitability for the bank. The SV team provides principal preservation and total return distribution to funds managed by some of the world’s leading fixed income fund managers.
We are seeking a Relationship Manager VP on the team with a positive attitude and strong client/market facing skills. The successful candidate will have an ability to work effectively with internal and external stakeholders to source, negotiate and execute on market opportunities and manage client relationships.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What You Will Be Responsible For
As a Stable Value Relationship Manager in Global Credit Finance you will
These skills will help you succeed in this role
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
$120,000 - $187,500 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.
Job ID: R-776609
The Global Credit Finance (GCF) division at State Street provides a range of financial solutions to support clients across the bank. We are a global division with approximately 150 employees in various locations worldwide.
The Stable Value (SV) team in GCF maintains a portfolio of wrap contracts supporting the management of 401(K), 457 and 529 tax deferred investments for key institutional relationships and is a significant driver of profitability for the bank. The SV team provides principal preservation and total return distribution to funds managed by some of the world’s leading fixed income fund managers.
We are seeking a Relationship Manager VP on the team with a positive attitude and strong client/market facing skills. The successful candidate will have an ability to work effectively with internal and external stakeholders to source, negotiate and execute on market opportunities and manage client relationships.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What You Will Be Responsible For
As a Stable Value Relationship Manager in Global Credit Finance you will
- Maintain strong market presence and build partnerships with leading fixed income fund managers to facilitate a pipeline for market opportunities.
- Understand tax deferred savings vehicles including market placement, market players and investor behavior to continuously deliver a well-positioned product structure.
- Structure, negotiate, and underwrite new contracts and contract amendments to meet client objectives while ensuring adherence to State Street’s risk appetite.
- Work with Enterprise Risk Management to obtain credit approval for portfolio transactions.
- Coordinate with the Global Clients Division to cohesively manage client profiles, identify cross-sell opportunities and ensure client retention.
- Provide expert quantitative and qualitative portfolio oversight and management reporting.
- Collaborate effectively with external and internal stakeholders across the middle and back office, legal, finance, risk management, and senior management.
- Represent the bank at various industry conferences and participate in conference panels, as appropriate
- Mentor junior team members to ensure understanding of fund structure, product risk, legal documentation and client strategy.
- Participate in division- and bank-level initiatives to support execution of cross-organizational objectives.
These skills will help you succeed in this role
- Fixed income industry knowledge and demonstrated experience in contract structuring, risk assessment, and relationship management.
- A team player with a positive attitude and a collaborative approach to achieving goals.
- Excellent interpersonal, organizational and communication skills, including the ability to interface with clients at the senior management level.
- Strong analytical, credit underwriting and problem-solving skills.
- Strong Excel and PowerPoint skills with prior Salesforce experience desirable.
- Degree in Business, Economics or Finance; MBA or CFA a plus but not required.
- Minimum of 10 years of financial services experience; prior experience in tax-deferred savings industry highly desirable.
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
$120,000 - $187,500 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.
Job ID: R-776609
Salary : $120,000 - $187,500
