Role Overview
The Director of Wealth Advisory Services will lead the end-to-end development of State Street’s Portfolio Implementation business, a new investment advisory service that will be brought to market alongside Charles River Development wealth platform. This role will work closely with teams across the Charles River Development, State Street, State Street Global Advisors, and external partners to develop innovative new wealth advisory services for leading global wealth management organizations, their financial advisors and investors.
Key Responsibilities
- Participate in the ongoing development of product/service strategy for wealth investment advisory services to wealth management providers (e.g. banks, BDs, RIAs) to include portfolio rebalancing, overlay management, and portfolio personalization services such as tax optimization, implementation of tax/risk transition strategies, and direct indexing.
- Collaborate with cross-functional teams across Charles River Development, State Street, State Street Global Advisors, and external partners to ensure alignment with client needs and strategic objectives.
- Manage the design and delivery of proof-of-concept initiatives, as well as prospective client investment product/service development, and oversee their implementation into scalable solutions.
- Provide sales and product/service development support with some subject matter expertise in wealth advisory services such as overlay management of SMA/UMA and other fee-based programs, high-volume fund and ETF model rebalancing rebalancing, and portfolio personalization including tax optimization and direct indexing.
Qualifications
- 10+ years of experience in wealth management, wealth fee-based program development/operations, investment advisory service delivery and operations, and/or investment technology.
- Proven track record of delivering end-to-end solutions for complex financial services projects.
- Strong understanding of wealth management platforms, fee-based investment advisory services and regulatory considerations.
- Proficiency in technical project execution: Adept at translating technical requirements into actionable solutions, including data modelling, API integration, and system testing for wealth applications.
- Excellent project management, communication, and analytical skills.
- Series 65 Certification preferred
- CFA valued
What We Offer
- Competitive benefits package.
- Opportunities for professional development and career advancement.
- Inclusive culture and employee networks for support and connection.
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 are making our mark on the financial services industry. For more than two centuries, we have 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 will 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.
Discover more at StateStreet.com/careers
Salary Range
$170,000 - $252,500 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-767016
