Credit Services, Officer

Who we are looking for

An incoming Officer on the team should possess a positive attitude and strong quantitative skills. The successful candidate will have an ability to work effectively with internal stakeholders to assist in the underwriting of syndicated, bilateral or agented subscription facilities. Further, surveillance and monitoring of the portfolio will be a core responsibility. Alternatives Lending sits within the Fund Finance department, which is a key driver of revenue for the division and has $35B of loans outstanding. The Alternatives team provides subscription finance products to some of the world’s leading Private Equity Sponsors and Fund of Hedge Fund Managers. The job is located in Boston, MA.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Analyst- Officer will

• Assist Account Officers in due diligence process and underwriting of subscription credit facilities
• For accounts where assisting the Account Officer: exercise appropriate diligence in credit underwriting process, with ability to independently analyze financial statements and other information pertinent to the borrower;
• Assist Account Officer in the presentation and defense of credit recommendations clearly and concisely;
• Assist in maintenance of up-to-date approvals, credit and legal files;
• Respond to requests for information from Enterprise Risk Management, internal audit and bank examiners; maintain high responsiveness and service quality across internal constituencies;
• Work with Loan Operations and customers as appropriate to facilitate operational aspects of credit relationship;
• Demonstrate the ability to identify, prioritize and escalate critical issues to senior management.
• Work closely with loan officers to continue to develop industry knowledge as well as underwriting and portfolio management skills, understanding of policies and procedures for credit and portfolio administration, and management of the legal documentation process.
• May also be relied upon to handle assigned projects

What we value

These skills will help you succeed in this role

• Demonstrated expertise in credit markets, commercial loan structuring, risk assessment, and legal documentation.
• Strong analytical, credit underwriting and problem-solving skills.
• Excellent interpersonal, organizational and communication skills.
• Experience in subscription credit facility origination/underwriting
• Knowledge of FX Derivatives and other capital markets a plus.
• Familiarity with KYC/AML.
• A positive attitude, a client service mindset and high level of attention to details.
• Strong Excel skills and prior Salesforce experience is desirable.

Education & Preferred Qualifications

• Degree in Business, Economics, Finance or liberal arts
• Minimum of 2+ years of finance experience; prior commercial lending/subscription finance lending and or syndication experience is highly desirable.

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.

Salary Range:

• $70,000 - $115,000 Annual
• The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

For further information, and to apply, please visit our website via the “Apply” button below.