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Principal Consultant VP - Job Opportunity at State Street

Sydney, Australia

Full-time

Senior

Posted: May 30, 2025

On-site

AUD 180,000 - 250,000 per year based on the senior principal consultant level, 8-10 years minimum experience requirement, extensive travel demands, and State Street's position as a top-tier global financial services provider in the Sydney market

Benefits

Comprehensive health insurance coverage providing extensive medical care protection beyond standard market offerings

Matched giving program enabling employees to amplify their charitable contributions through corporate matching funds

Paid volunteer leave allowing dedicated time for community engagement while maintaining full compensation

Competitive and comprehensive benefits packages with generous medical care and insurance plans

Flexible work programs designed to accommodate individual lifestyle and professional needs

Extensive development programs and educational support systems for continuous professional growth

Key Responsibilities

Lead strategic implementation projects for Charles River Development's Investment Management System, serving as the primary architect for complex enterprise software deployments

Function as the single point of contact for high-value institutional clients, managing relationships that directly impact multi-million dollar software implementations

Deliver superior client-facing leadership with senior-level stakeholders including C-suite executives at major financial institutions

Provide comprehensive project status communication and evaluation, ensuring transparency and accountability across all implementation phases

Transform complex workflow analysis documents into precise technical specifications for CR IMS configuration, bridging business requirements with technical execution

Guide customers through best practice implementations and efficient workflow configurations that optimize their investment management operations

Execute daily project plan steps with precision, ensuring timely delivery of critical financial infrastructure components

Document and validate client needs comprehensively, creating the foundation for successful enterprise-level implementations

Provide proactive leadership in client utilization of CRD products and services, driving adoption and maximizing return on investment

Coordinate and facilitate high-level conference calls and meetings with product experts and consulting teams across global offices

Manage training and consulting resource allocation, optimizing team deployment for maximum client impact

Oversee issue escalation processes and monitor resolution timelines, ensuring minimal disruption to critical financial operations

Coordinate work undertaken by CRD representatives across multiple international locations, ensuring consistent global service delivery

Requirements

Education

Bachelor's Degree from a leading university or college in Finance, Business/Mathematical Finance, Economics or Computer Science

Experience

A minimum of 8-10 years of progressively responsible experience in the Financial / Software Services industry

Required Skills

Experience of managing large projects or multiple smaller projects Extensive Front Office experience (order management, dealing with Fund Managers/Traders) Applications experience with Charles River Trading System/Compliance Master or Equivalent (competitor) Excellent market instrument knowledge - Fixed Income/derivatives etc. Some technical knowledge, ideally SQL Experience of doing a full life cycle implementation is essential Experience dealing with users or clients from either a technical or business area Comfortable making presentations covering business, technical or sales Superior client facing skills and communication skills with the ability to deal with senior level stakeholders/Clients Flexibility with schedule and ability to work beyond regular business hours

Certifications

An advanced degree or industry certification such as the CFA is a strong plus

Sauge AI Market Intelligence

Industry Trends

The financial technology sector is experiencing unprecedented consolidation as traditional financial institutions acquire specialized fintech companies to build comprehensive front-to-back platforms, similar to State Street's acquisition of Charles River Development in 2018. This trend is creating significant demand for implementation consultants who can bridge legacy systems with modern integrated platforms. Investment management firms are increasingly adopting cloud-based, AI-powered solutions for portfolio management, risk assessment, and compliance monitoring. The emergence of platforms like State Street Alpha represents the industry's shift toward unified technology ecosystems that eliminate data silos and improve operational efficiency. Regulatory requirements continue to intensify globally, driving demand for sophisticated compliance and risk management systems. Implementation consultants with deep knowledge of financial instruments, particularly fixed income and derivatives, are becoming increasingly valuable as firms seek to automate compliance processes while maintaining regulatory adherence. The Asia-Pacific region, particularly Australia, is experiencing rapid growth in institutional investment management as pension funds and sovereign wealth funds expand their technological capabilities. This creates substantial opportunities for senior implementation consultants who can manage complex, multi-jurisdictional deployments.

Role Significance

Typically leads implementation teams of 3-8 professionals including technical consultants, business analysts, and project coordinators, while collaborating with global teams across multiple time zones and coordinating with client teams of 10-20 stakeholders

This is a senior-level individual contributor role with significant client responsibility and project leadership authority. The position operates at a principal consultant level, indicating substantial autonomy in decision-making and client relationship management, typically reporting to senior management or practice directors.

Key Projects

Enterprise-wide Investment Management System implementations for institutional clients with assets under management exceeding $10 billion Front-to-back platform migrations involving order management, portfolio management, and compliance systems integration Multi-asset class trading system deployments covering equities, fixed income, derivatives, and alternative investments Regulatory compliance system implementations addressing MiFID II, EMIR, and local Australian financial regulations Cloud migration projects transitioning legacy on-premise systems to modern SaaS platforms

Success Factors

Exceptional relationship management capabilities are crucial as this role serves as the primary interface between State Street and high-value institutional clients, requiring the ability to build trust and credibility with C-suite executives and senior investment professionals who are making multi-million dollar technology decisions. Deep technical proficiency in investment management workflows combined with hands-on experience in Charles River systems or competitive platforms is essential for translating complex business requirements into technical specifications that drive successful implementations. Project management excellence with the ability to manage multiple concurrent implementations while maintaining quality standards is critical, as delays or failures in financial technology deployments can result in significant financial losses and regulatory compliance issues for clients. Cultural adaptability and communication skills are vital given the international nature of the role, requiring effectiveness across different time zones, regulatory environments, and business cultures while coordinating global implementation teams. Continuous learning mindset is essential as the financial technology landscape evolves rapidly with new regulations, market instruments, and technological capabilities requiring constant skill updates and product knowledge enhancement.

Market Demand

High demand due to the specialized nature of Charles River IMS expertise, the ongoing digital transformation in investment management, and the limited pool of professionals with both deep financial markets knowledge and enterprise software implementation experience

Important Skills

Critical Skills

Charles River IMS expertise or equivalent competitive platform experience is absolutely essential as this specialized knowledge cannot be easily acquired and forms the foundation of client credibility and implementation success. The limited pool of professionals with this expertise creates significant competitive advantage and career security. Front office trading and order management experience is critical because implementation consultants must understand the daily workflows of traders and portfolio managers to configure systems that enhance rather than disrupt investment operations. Without this knowledge, implementations often fail to meet user adoption requirements. Project management and client relationship skills are vital as implementation failures in financial services can result in regulatory violations, trading disruptions, and significant financial losses. The ability to manage complex stakeholder relationships while delivering on time and within budget directly impacts client satisfaction and contract renewals.

Beneficial Skills

SQL and database knowledge becomes increasingly valuable as clients demand more sophisticated reporting and data integration capabilities, enabling consultants to provide technical solutions beyond standard configuration options. Advanced degrees or CFA certification enhance credibility with institutional clients and provide deeper understanding of investment management principles that inform better system design and implementation decisions. Presentation and sales skills are valuable for career progression into business development roles and for expanding existing client relationships through additional product sales and service offerings.

Unique Aspects

This role offers direct exposure to cutting-edge financial technology including AI and blockchain implementations within State Street Alpha, providing experience with next-generation investment management infrastructure that few professionals globally have access to.

The position combines State Street's global resources and market credibility with Charles River's innovative technology platform, creating unique opportunities to work on enterprise implementations that shape the future of institutional investment management.

Travel requirements exceeding 50% annually provide extensive international exposure and the opportunity to work with diverse client organizations across different regulatory environments and market structures.

The role bridges technical implementation expertise with senior client relationship management, offering a rare combination of hands-on technical work and strategic business development experience that accelerates career progression.

Career Growth

Progression to senior practice leadership roles typically occurs within 3-5 years for high performers, while transition to client-facing business development or product management roles may happen within 2-3 years depending on business needs and individual career preferences

Potential Next Roles

Senior Principal Consultant or Practice Lead roles within State Street's Implementation Services organization, managing larger client portfolios and more complex strategic implementations Client Relationship Director positions focusing on account management and business development for State Street's largest institutional clients in the Asia-Pacific region Product Management roles within Charles River Development, leveraging implementation experience to influence product roadmap and feature development Regional Sales Director positions combining deep product knowledge with client relationship skills to drive new business acquisition Independent consulting opportunities serving as subject matter expert for investment management technology implementations across multiple vendors

Company Overview

State Street

State Street Corporation is a global financial services powerhouse managing over $40 trillion in assets, positioning it among the world's largest custodian banks and asset managers. The acquisition of Charles River Development in 2018 for $2.6 billion represented a strategic transformation toward becoming a comprehensive front-to-back technology provider for institutional investment management.

State Street maintains a dominant position in institutional custody and administration services while Charles River Development is recognized as a market leader in investment management software with over 1,500 clients globally. The combined entity competes directly with Bloomberg, SimCorp, and Blackstone's Aladdin platform in the enterprise investment management technology space.

The Sydney office serves as State Street's Asia-Pacific hub for Charles River implementations, supporting major institutional clients including Australian superannuation funds, sovereign wealth funds, and asset managers across the region. This positioning provides significant career growth opportunities as the APAC investment management industry continues expanding.

State Street emphasizes diversity and inclusion with structured development programs and educational support, creating an environment that values professional growth and community engagement. The company's commitment to flexible work arrangements and comprehensive benefits reflects its focus on employee retention in competitive financial services talent markets.

Apply Now

Principal Consultant VP - Job Opportunity at State Street

Benefits

Key Responsibilities

Requirements

Education

Experience

Required Skills

Certifications

Sauge AI Market Intelligence

Industry Trends

Role Significance

Key Projects

Success Factors

Market Demand

Important Skills

Critical Skills

Beneficial Skills

Unique Aspects

Career Growth

Potential Next Roles

Company Overview

State Street

Data Sources & Analysis Information

Job Listings Data

Sauge AI Market Intelligence