Full-Time

Head of Insurance Institutional Sales

VP III, State Street Global Advisors

Posted on 11/19/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Consulting
Financial Services

Compensation Overview

$165k - $247.5kAnnually

Senior, Expert

Company Historically Provides H1B Sponsorship

Boston, MA, USA + 1 more

More locations: New York, NY, USA

Category
Strategic Account Management
Sales & Account Management
Requirements
  • FINRA Series 7 and 63 Required, MBA or CFA Preferred
  • 5+ years of insurance industry experience
  • 5+ years of capital markets experience
  • Existing book of Insurance General Account clients
  • Understanding of the insurance regulatory environment
  • Strong verbal, written and presentation skills
  • Possess a strong understanding of the financial services industry and global capital markets products
  • Motivated individual with a Positive attitude
  • Excellent communication, social, and relationship building skills
Responsibilities
  • Responsible for SPDR Insurance revenue and overall growth of SPDR Insurance business
  • Strengthen relationships with existing Insurance clients and build new relationships to grow revenues and expand the firm’s market share
  • Responsible for generating an Insurance sales plan with specific revenue targets and delivering on that plan.
  • Maintain insight into regulatory environment and potential impacts to SPDR business
  • Work with Insurance companies and other agencies to grow the overall ETF market and promote new use cases for ETFs.
  • Build use cases for the SPDRs – with understanding of their composition and implementation strategies
  • Collaborate with internal resources to deliver the best of State Street to our clients
  • Represent SPDR Insurance at industry conferences

State Street Corporation operates in the financial services industry, focusing on asset management and custody banking. It provides a variety of services to institutional investors, such as mutual funds and pension funds, through its division, State Street Global Advisors, which manages investment portfolios and offers advisory services. The company serves a wide range of clients, including corporations, governments, and non-profit organizations, and utilizes its global network and expertise to deliver customized financial solutions. State Street generates revenue from management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Additionally, it is recognized for its commitment to innovation and leadership, particularly in promoting gender diversity and inclusion within the workplace. The goal of State Street is to provide high-quality financial services while fostering an inclusive environment for its employees.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

N/A

Growth & Insights
Headcount

6 month growth

-10%

1 year growth

-10%

2 year growth

-10%
Simplify Jobs

Simplify's Take

What believers are saying

  • State Street's strategic acquisitions, such as stakes in BWP Trust and Australian Clinical Labs, indicate robust growth and expansion opportunities.
  • The company's exploration of blockchain-based payment solutions, including stablecoin and token launches, positions it at the forefront of financial technology innovation.
  • State Street's strong leadership team, with recent high-profile appointments, underscores its commitment to maintaining a competitive edge in the industry.

What critics are saying

  • The competitive nature of the financial services industry requires State Street to continuously innovate to maintain its market position.
  • Regulatory challenges and compliance issues, especially with new ventures like stablecoin and token launches, could pose significant risks.

What makes State Street unique

  • State Street's focus on institutional investors, including mutual funds and pension funds, sets it apart from competitors who may target a broader audience.
  • The company's commitment to innovation, such as exploring stablecoin and token launches, demonstrates its forward-thinking approach in the financial services industry.
  • State Street's emphasis on diversity and inclusion, highlighted by initiatives like WomenInFinance, distinguishes it as a leader in fostering a supportive and inclusive workplace.

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