Asset Owner Relationship Manager - VP at State Street Bank

Job DescriptionJob DescriptionWho we are looking forThe position of Relationship Manager within the North American Asset Owner Segment, is responsible for a number of State Street Asset Owner clients based in the United States. The role presents an opportunity to engage with senior executives both internally and with industry leading asset owners to help shape and drive State Street’s strategy in servicing our key longstanding relationships.The preferred location of this role is Boston.As part of the remit, the Relationship Manager will cultivate a solid understanding of the client’s business and the services provided by State Street, with the objective of optimizing client satisfaction, ensuring that the client experiences a best of breed service at State Street while identifying and driving new business opportunities to close.The RM both leads and collaborates with their Sales and/or Senior Relationship Manager counterpart in commercial negotiations, and will ensure compliance with contract terms
The RM will also assist in analyzing and managing the client P&L, and will oversee relationship financials.Expected leadership behaviors include an ability to contribute to team excellence, excellent collaboration and communication skills, and willingness to drive strategy and engage with the client across its global locations.Why this role is important to usYou will be joining the Institutional Services function that allows us to deliver a comprehensive, holistic approach to each client relationship — for asset managers and asset owners, insurance companies, and official institutions globally
It means our client-facing functions work together to bring the very best solutions and services the firm has to offer — across all of our locations, products, and capabilities.Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.What you will be responsible forWill be responsible for managing a grouping of client relationships commensurate with a Vice President title.Strengthen and deepen relationships with our clients
Deliver constant monitoring of the client’s perception of the quality of our services (NPS score), partner with business leads to maintain strong focus on client service and requirements.Manages assigned client(s) to development of new business and/ or products while retaining existing revenue streams.Responsible for achievement of organic, incremental growth, new business committed revenue, and overall target revenue goals with assigned client(s).Prepares account plans and the delivery of business overviews to internal stakeholders for assigned client(s) to include but not limited to pipeline, trending, and year over year analysis.Maintains all relevant data for their assigned accounts in SF360 CRM including but not limited to account information, contacts, opportunities, meetings, current providers insights, and campaigns.Supports the deployment of marketing strategies that promote the full range of Company products/services through close collaboration with the various business partners
Introduces new products and service solutions to clients wherever possible.Drives cohesive coordination of State Street Services to the client between client delivery, product groups, regional teams, sales staff and the client to deliver our solutions to the client.Serves as an escalation point for critical service issues or roadblocks
Shepherds issues through to resolution.Prepares and executes client presentations, client meetings, product collaboration, RFPs and sales execution. Maintains client sentiment tracker on covered clients and supported clients where needed.Manages the finalization of Due Diligence Questionnaires for supported clients when received.Ensures client onboarding for new assets and/or risk management activities are conducted with a high degree of client satisfaction.Functions as the lead in both fee schedules and contract negotiationsWhat we value These skills will help you succeed in this roleExcellent verbal and written communication skillsAbility to effectively facilitate meetings, with all levels within the client organization – from Executive Leadership to Operational points of contact.Ability to gain an understanding of client business, challenges and strategic direction and subsequently articulate value proposition for new products and solutions.Proven ability to earn client trust and develop relationships (internal and external)Education & Preferred QualificationsBachelor degree or the equivalent.15+ years of total work experience preferred with 3-5 years of Financial Services experience in Relationship Management/ Sales or Client Service.Knowledge of Financials services industryAre 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 StreetWhat 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: $135,000 - $210,000 AnnualThe 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.State Street's Speak Up LineSummaryLocation: Quincy, MassachusettsType: Full time