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Credit Services, Vice President

Credit Services, Vice President

State StreetBoston, MA, US
1 day ago
Job type
  • Full-time
Job description

Credit Services, VP

The Global Credit Finance team oversees a portfolio of 10 different products with over $104B of notional commitments. Its 150+ member team operates in the US, EMEA and APAC with offices in Boston, Irvine, London, Munich, Gdansk, Luxembourg, and Bangalore.

Global Credit Finance's mission is twofold : to attract and retain clients of State Street through the use of the firm's balance sheet; and to add income and diversification to the company's portfolio of on and off-balance sheet investments. Our products include Private Markets Subscription Finance, Private Credit, Real Money Funds-Liquidity and Leverage, CLOs, Municipal Finance, Commercial Real Estate, Leveraged Loans, Corporates, and Stable Value Wrap.

As the Credit Services, VP, you will :

  • Grow and manage portfolio of fund level credit facilities to mutual funds and alternative investments funds.
  • Work closely with Sales and Relationship Management teams across STT to identify and develop cross-sell opportunities and ensure client retention.
  • Manage due diligence process and underwriting of regulated mutual fund and margin loan credit facilities, including successful legal documentation.
  • Present and liaise effectively with respective deal committees and stakeholders internally such as operations, legal, risk management, etc.
  • Take a lead role in portfolio administration, project management, jurisdictional expansions and new product development.
  • Network within the fund finance and investment management industries, to promote and strengthen State Street's reputation, develop strong relationships and source lending opportunities, including bilateral, syndicated and participated transactions.
  • Provide effective portfolio oversight and management reporting in accordance with State Street risk framework.
  • Communicate effectively, both verbally and in writing on specific business initiatives and transactions.
  • Manage ongoing relationships with clients and assist in developing new credit products and solutions for clients.
  • Provide mentorship to AVP, Officer and Senior Associate members of the team.

Education & Preferred Qualifications

  • Lending industry knowledge and experience in credit structuring and relationship management.
  • Fund Finance industry knowledge and solid understanding of US / European mutual fund regulations required.
  • Degree in Business, Economics, Finance or liberal arts; MBA or CFA a plus but not required.
  • Minimum of 10+ years of commercial lending / credit experience; prior mutual finance lending and or syndication experience is highly desirable.
  • Credit Training preferred.
  • What we value

  • 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.
  • Ability to interface personally and professionally with clients at the C-Suite level.
  • Ability to develop business relationships within and outside of the organization.
  • 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.
  • Are you the right candidate? Yes!

    We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

    Salary Range : $120,000 - $187,500 Annual

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    Vice President • Boston, MA, US

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