What are the responsibilities and job description for the Private Markets Commercialization, VP II - State Street Global Advisors position at State Street Global Advisors?
We are looking for an accomplished Private Markets professional to join our dynamic, diverse Private and Alternatives team in the U.S. You will be a key member of the regional leadership team, reporting to the Global Head of Private Markets and Alternatives.
You will lead our efforts to map out the firm’s opportunity set for Private Market strategies with institutional and intermediary clients across the U.S. You will lead and support our distribution efforts in partnership with our Client Coverage Group, ETF Sales Strategist team and partners, for existing and new products. You will also play a key role in initiating engagement with potential investors and partners, representing our capabilities at external events and conferences and contributing product ideas. Additionally you will provide solid market insights that inform our development of private markets products and solutions that will deliver democratized access to the broader investing community.
You will have very good knowledge across private credit, private equity, infrastructure, real estate and secondaries; and you will have deep knowledge in one or more of these private market asset classes.
You will need to collaborate closely with colleagues, external partners and key stakeholders across Investments, Distribution, Product and our External Partners.
We want you to develop a deep understanding of the SSGA franchise to anticipate the needs of our clients, manage business at risk and actively contribute to the region’s business growth and identification of trends and new product ideas.
What We Will Ask You To Do
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 Global Advisors
What We Do. As the asset management arm of State Street Corporation, State Street Global Advisors has served the world’s governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and sustainable investing, we are always inventing new ways to invest. As a result, we have become one of the world’s largest asset managers with trillions of dollars under our care.
Our Mission. At State Street Global Advisors our mission is to help create better outcomes for the world’s investors and the people they serve. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.
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
$130,000 - $205,000 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.
State Street's Speak Up Line
Job ID: R-770542
You will lead our efforts to map out the firm’s opportunity set for Private Market strategies with institutional and intermediary clients across the U.S. You will lead and support our distribution efforts in partnership with our Client Coverage Group, ETF Sales Strategist team and partners, for existing and new products. You will also play a key role in initiating engagement with potential investors and partners, representing our capabilities at external events and conferences and contributing product ideas. Additionally you will provide solid market insights that inform our development of private markets products and solutions that will deliver democratized access to the broader investing community.
You will have very good knowledge across private credit, private equity, infrastructure, real estate and secondaries; and you will have deep knowledge in one or more of these private market asset classes.
You will need to collaborate closely with colleagues, external partners and key stakeholders across Investments, Distribution, Product and our External Partners.
We want you to develop a deep understanding of the SSGA franchise to anticipate the needs of our clients, manage business at risk and actively contribute to the region’s business growth and identification of trends and new product ideas.
What We Will Ask You To Do
- Help identify current market trends supporting allocations to private market strategies
- Map out potential investors for current or future private markets products across both Institutional and Intermediary segments
- Work with Intermediary channel to support sales of appropriate wealth market vehicles as subject matter expert
- Formalize 3-year Go-To-Market strategy
- Be a key regional Subject Matter Expert on private market strategies and, as such, work in partnership with our colleagues and partners in Product, Investments, Marketing and Sales
- Take a leading role in initiating client engagement with pre-identified prospects, with the objective to facilitate asset raising efforts in 2025
- Academic background in finance, economics, business or a related field
- In-depth understanding of private market asset classes including private equity, private credit, infrastructure, real estate and secondaries
- Over 10 years’ experience in structuring and distributing Private Market products
- Willing to travel extensively
- Excellent communication and interpersonal skills
- Good understanding of legal/regulatory frameworks governing private markets
- A good problem solver and trouble-shooter, with the ability to identify and analyze issues with the creativity and energy to solve them
- You are articulate, curious and entrepreneurial
- You want to work in a diverse, multi-cultural environment
- You are motivated and keen to deliver the best possible result to clients
- You have the patience and resilience to work through lengthy sales conversion cycles
- You are passionate about long-term relationship building and are focused on delivering solutions rather than products
- You understand the importance of risk excellence when representing a global financial services firm
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 Global Advisors
What We Do. As the asset management arm of State Street Corporation, State Street Global Advisors has served the world’s governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and sustainable investing, we are always inventing new ways to invest. As a result, we have become one of the world’s largest asset managers with trillions of dollars under our care.
Our Mission. At State Street Global Advisors our mission is to help create better outcomes for the world’s investors and the people they serve. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.
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
$130,000 - $205,000 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.
State Street's Speak Up Line
Job ID: R-770542
Salary : $130,000 - $205,000
