Country Head – Saudi Arabia, Senior Vice President

About This Role

Country Head/CEO – Saudi Arabia, Senior Vice President Purpose, Key Responsibilities, And Scope Of The Role

• Drive and execute State Street’s Investment Services and Investment Management strategy in Saudi Arabia by establishing, maintaining and growing strong local relationships and partnerships with clients and prospects, ensuring delivery of high quality service and maintenance and evolution of strong product solutions to clients as a foundation for future growth.
• Act as CEO of State Street’s (SSSAFS) CMA regulated legal entity which houses both the IS and IM business, ensuring compliance with regulatory and legal expectations as set out by law and regulatory guidance and dialogue with all relevant stakeholders in the Kingdom.
• Execute oversight of all State Street divisions in Saudi Arabia (including the CRD strategy/staff as part of the legal entity)), ensuring best practices are shared and observed, and that all entities meet legal entity and corporate governance standards
• Manage the State Street country relationship with and play an active and effective advocacy role with the CMA, Ministry of Investment, Ministry of the Economy and Planning as well as with relevant stakeholders at the Royal Court, public agencies and acting as the public face and voice of State Street in the market
• Oversee the execution of the 5 year Strategic Plan of One State Street which includes to triple revenues in the next 5 years (end 2028) establish locally domiciled ETF’s, Saudi Sub-Custody, Fund Administration and an optimized UCITS Fund environment/Infrastructure to compete over the mid/long term with established centres around the world.
• Leverage established Network of both Private and Public Sector Relationships for the benefit of Vision 2030 and State Street as a Firm in Saudi playing a role in the Kingdom’s overall development.

Managerial Responsibilities

• Execute a country-level strategy for State Street’s IS & IM businesses in Saudi and cultivate a “One State Street” culture across all groups
• Act as local owner of services delivered by State Street in the Kingdom, working with functional leadership and global client executives and relationship managers as appropriate to ensure that our clients receive and experience an excellent and market-leading level of service, taking local ownership of significant client-related projects as appropriate (e.g. remediation program, new business acquisition and onboarding)
• Develop and cultivate relationships with locally-based clients, management companies, Government and Government related entities as well as private Sectors Executives.
• Working with Product, Sales and Relationship Management leadership, develop and actively manage a pipeline of new business prospects and cross-sells of new and emerging products and solutions to existing clients
• Working with GA/CCO/Global Delivery leadership, ensure the Saudi team meet client service, operational risk management and local regulatory requirements and expectations, especially concerning outsourcing and any emerging issues signalled by the regulator
• Contribute to and meet/where possible exceed sales and expense management financial targets
• Drive employee engagement and related initiatives across all locations to attain corporate expectations and advocate for actions that enhance the employer value proposition including measures that enhance Inclusion, Diversity & Equity, as well as narrowing of the gender pay gap.
• Act as CEO of State Street Saudi Arabia Financial Solutions, ensuring the entity is managed and governed in line with company law, Saudi regulatory standards (as applicable) and State Street’s legal entity governance standards
• Lead and chair as appropriate the Country Leadership team and relevant risk and legal entity committees
• Represent State Street Saudi on regional and global committees and working groups as required
• Oversee the corporate functions teams in Saudi – those supporting the underlying business contracted from Saudi Arabia and centres of excellence (e.g. cyber security center)
• Ensure all Saudi legal entities adopt corporate governance and organizational standards commensurate with their size, complexity and regulatory rating
• Drive and act as a role model for cultures and behaviours in Saudi Arabia consistent with enterprise standards
• Develop and enhance through relevant dialogue and industry forums State Street’s relationship with regulators and government/public policy makers and their agencies
• Represent State Street in the business community and in industry organizations, ensuring our profile and reputation are enhanced

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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Job ID: R-788994