Head of Asset Owners & Stable Value Wrap – Global Credit Finance, Managing Director

Who we are looking for

Global Credit Finance (GCF) is State Street’s balance‑sheet lending and credit solutions platform, responsible for deploying the firm’s capital to support institutional clients while generating durable, risk‑adjusted returns. GCF plays a critical role in strengthening client relationships, enhancing balance‑sheet efficiency, and supporting State Street’s long‑term strategic objectives.

We are seeking a Managing Director, Head of Asset Owners & Stable Value Wrap to provide enterprise‑level leadership with full strategic, commercial, and risk accountability for the business lines. Asset Owners includes our strategic Municipal, Corporate and Insurance clients, while Stable Value Wrap includes our strategic Global Client Division Asset Managers. The successful candidate will be a senior, market‑recognized leader with deep experience across institutional fixed income, stable value wrap and capable of engaging credibly with senior clients and internal stakeholders across the firm.

Why this role is important to us

This role owns the strategy, financial performance, and risk stewardship for businesses that are significant contributors to Global Credit Finance’s profitability and balance‑sheet diversification. The Managing Director will shape long‑term franchise direction, ensure disciplined risk governance, and represent State Street at the most senior client and industry levels.

What you will be responsible for

As Managing Director, Head of Asset Owners & Stable Value Wrap, you will:

• Set and execute the global strategy for the Asset Owners and Stable Value Wrap businesses, aligned with State Street’s risk appetite and capital priorities.
• Own P&L performance, portfolio growth, and risk‑adjusted returns across market cycles.
• Provide executive oversight of credit underwriting, portfolio construction and ongoing surveillance across the range of businesses.
• Partner closely with Enterprise Risk Management, Treasury, Legal, Finance, and Global Clients Division
• Represent State Street with senior clients, industry bodies, regulators, rating agencies, and at conferences and external forums.
• Drive cross‑sell and enterprise relationship opportunities in partnership with other State Street businesses.
• Lead, mentor, and develop team members, including succession planning and talent development across multiple levels.
• Participate in division‑level and firm‑wide initiatives, committees, and strategic programs.

What we value

These skills will help you succeed in this role:

• Deep expertise in institutional fixed income markets and Stable Value or similar structured products.
• Demonstrated experience owning or materially influencing P&L, balance‑sheet deployment, and risk outcomes.
• Strong credit judgment and ability to manage complex risks.
• Executive presence and the ability to influence senior internal and external stakeholders.
• Proven people leadership capabilities, including developing senior talent and building resilient organizations.
• A collaborative, enterprise‑oriented mindset aligned with State Street’s values and culture.

Education & Preferred Qualifications

• Bachelor’s degree required; MBA and/or CFA designation strongly preferred.
• Minimum of 15+ years of relevant financial services experience, including institutional client‑facing and balance‑sheet‑driven roles.
• Prior experience leading teams and managing material portfolio risk.

About State Street

State Street is one of the world’s largest custodian banks, asset managers, and asset‑intelligence companies. For more than two centuries, we have helped 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 worldwide.

State Street is an equal opportunity and affirmative action employer.

Salary Range:

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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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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.