State Street’s Wealth Custody & Clearing (WC&C) division is seeking a Managing Director, Strategic Implementation to serve as a senior execution leader accountable for delivering and governing the division’s highest-priority strategic initiatives. This role is responsible for building transparency, discipline, and predictable delivery across growth, transformation, regulatory commitments, and operational resilience.
You will establish and lead a best-in-class program and portfolio management capability—acting as an execution “control tower” for WC&C—so senior leaders can make informed decisions, manage trade-offs, and deliver against business, client, and regulatory outcomes. You will partner across business, technology, operations, risk, compliance, legal, and finance, and engage effectively with external partners when required.
This is a hands-on leadership role with direct accountability for execution outcomes in a highly matrixed, global environment.
Key Responsibilities
Enterprise Portfolio Ownership
Own the end‑to‑end governance and execution of WC&C’s strategic initiative portfolio, including growth initiatives, platform modernization, acquisitions and integrations, regulatory-driven programs, and large-scale client delivery efforts.
Set and enforce enterprise‑level prioritization, sequencing, and funding discipline across competing initiatives, ensuring capacity is aligned to strategic objectives.
Make and recommend trade‑offs across scope, timing, resourcing, and investment, escalating decisions appropriately to executive forums.
Governance, Control & Transparency
Design, implement, and operate an enterprise‑grade PMO governance framework aligned to State Street standards, including decision forums, tollgates, risk thresholds, and escalation mechanisms.
Ensure consistent, credible, and decision‑oriented reporting across financials, milestones, dependencies, risks, and outcomes.
Proactively identify systemic execution risks and lead corrective action before issues impact clients, regulators, or firm commitments.
Senior Executive & Board Engagement
Serve as a trusted execution advisor to WC&C senior leadership, translating strategy into executable plans and providing clear, fact‑based insights on delivery health.
Prepare and deliver executive‑level and board‑ready materials on program status, risks, investment performance, and delivery outlook.
Represent WC&C execution posture in senior governance forums, including Executive Committee, risk and control forums, and board‑level discussions as required.
Financial & Outcome Accountability
Partner with Finance to establish rigorous tracking of investments, benefits realization, and financial outcomes across the portfolio.
Ensure execution against approved business cases, regulatory commitments, and client obligations, with clear ownership for results.
Drive a culture of outcomes over activity, focusing on value delivered rather than volume of initiatives.
Organization & Capability Leadership
Build, lead, and continuously mature a WC&C PMO organization capable of supporting enterprise‑scale delivery.
Set clear expectations for execution excellence, leadership presence, and senior stakeholder engagement across direct and matrixed teams.
Establish common standards, tools, and methodologies appropriate for a GSIB‑regulated, client‑critical environment.
Success in this role (first 6–12 months)
Establish a clear portfolio operating rhythm (forums, tollgates, escalation paths) and embed it across WC&C.
Deliver consistent, decision-oriented portfolio reporting (milestones, dependencies, financials, risks, and outcomes) that leadership trusts and uses.
Drive prioritization and capacity alignment across major programs, surfacing trade-offs early and enabling timely executive decisions.
Strengthen delivery discipline across the portfolio, reducing surprises through proactive risk management and structured issue resolution.
Build and/or mature the WC&C PMO capability (people, standards, tools) to support enterprise-scale delivery.
What we’re looking for
10+ years of progressive leadership experience in portfolio, program, or enterprise transformation roles within financial services or similarly complex, regulated institutions.
Experience operating at Managing Director (or equivalent) level with accountability for enterprise-scale execution outcomes.
Proven ability to lead large, interdependent portfolios spanning business, technology, operations, and control functions (risk, compliance, legal, finance).
Comfort navigating ambiguity and driving clarity, structure, and momentum across competing priorities.
Track record of influencing senior leaders and driving alignment in highly matrixed, global organizations.
Strong executive communication skills, including creation of clear, decision-oriented materials for senior leadership and, when needed, board-level audiences.
PMP or other relevant certification preferred.
Preferred qualifications
Experience supporting custody, wealth services, asset servicing, and/or capital markets businesses.
Background in acquisitions, integrations, platform transformation, and/or operating model redesign.
Direct exposure to executive committees, boards, regulators, and/or external stakeholders.
Familiarity with portfolio management, PMO, and financial tracking platforms and tooling.
Salary Range:
$170,000 - $267,500 AnnualThe range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the 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.
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Skills Required
- 10+ years of progressive leadership experience in portfolio, program, or enterprise transformation roles
- Experience operating at Managing Director (or equivalent) level
- Proven ability to lead large, interdependent portfolios across business and technology
- Strong executive communication skills
- PMP or other relevant certification
State Street Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about State Street and has not been reviewed or approved by State Street.
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Retirement Support — Retirement support is framed as a standout component, highlighted by a 401(k) match described as 100% on the first 6% of base salary. This is positioned as a meaningful offset to less competitive cash compensation for some roles.
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Leave & Time Off Breadth — Leave and time off are portrayed as relatively robust, with references to multi-week vacation, paid holidays, sick time, and additional days tied to wellness or volunteering. This breadth is repeatedly treated as a tangible part of total rewards beyond base pay.
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Wellbeing & Lifestyle Benefits — Wellbeing and lifestyle benefits are presented as extensive, including the BeWell program, fitness discounts, onsite or supported health resources, and financial counseling. These offerings are depicted as strengthening the overall benefits proposition even when pay satisfaction is tepid.
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