Business Development Lead, VP - Saudi Arabia

This role is being recruited in accordance with the Saudi Nationalisation Scheme and as such we require a Saudi National for this opportunity.

Job Description 

Who we are looking for 

We are looking for an experienced sales individual with a proven track record of sourcing new clients and closing deals that generate new revenue for the company. As a part of our sales team, the ideal candidate should have a track record to penetrate new prospect organizations to introduce State Street, convey our value, and generate opportunities to grow business.  Strong industry and product experience will enable this candidate to target new prospects in mutual fund managers, Sovereign Wealth funds, and/or investment managers, as well as Alternative and Insurance sectors of the market. This is a senior sales position where the successful candidate will be expected to own and run the largest business opportunities in the region.  

Why this role is important to us 

The team you will be joining is a part of State Street Investment Services and the Client Coverage and Sales Team. This sales position will have primary responsibility for driving the execution of Global Services sales strategy within a target territory. This is a new business sales role, requiring you to research opportunities, initiate discussions, build and cultivate prospect relationships, manage sales process, and close deals that generate new revenue for the company across State Street’s full breadth of services and solutions. 

What you will be responsible for 

As a Saudi Business Development Lead, VP you will 

• Penetrate new prospect organizations to introduce State Street, convey our value, and generate opportunities to grow business; cultivate new senior relationships  

• Lead sales process from prospecting through close, including lead generation, prospect qualification, RFP completion, and client demonstrations/meetings. 

• Successfully partner with a virtual team of executives and subject matter experts through all aspects of a long and detailed sales cycle 

• Proactively build/drive pipeline volume, accelerate sales cycle, actively manage deals to close 

• Collaborate with relevant management resources to drive product and messaging strategies to differentiate our solutions 

• Partner with Product Specialist and Demo team during client presentations to ensure client engagement and positive outcome 

• Work closely with operations, legal, risk and relationship management to align opportunities with corporate goals 

• Understand, monitor, and communicate competitor activity throughout the market, identifying key strengths and weaknesses relative to State Street’s product offering 

• Provide feedback to Corporate Marketing on product positioning, marketing materials, and industry trends 

• This is a particularly exciting opportunity for candidates with a strong entreprenurial spirit. Who is excited to execute on regional objective, build and foster relationships, and act as a local expert to our clients and internal stakeholders.  

About State Street 

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping 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. 

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. 

Discover more at StateStreet.com/careers 

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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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