Core Operations, AVP – Bank Loans

Recruiter
State Street.
Location
Quincy, Massachusetts
Salary
Not disclosed
Posted
21 Sep 2020
Closes
02 Oct 2020
Ref
R-647045
Contract type
Permanent
Hours
Full time
Experience level
Manager

Who we are looking for

This roles requires a deep understanding of the complexities of servicing bank loan debt held in complex global fund structures. The candidate should have a background in client management, team management, multi-point reconciliations, fund accounting, custody, vendor data sourcing and automation. Strong critical thinking skills and an ability to meet aggressive deadlines in high volume work environment are essential.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

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 Core Operations, AVP – Bank Loans, you will

  • Responsible for performing assigned, complex daily operations and processes.
  • Act as primary contact and escalation point for operational issues
  • Receive and resolve inquiries from client, Client Management, COEs, BU Shared Services and BU Client Service and ensure timely resolution.
  • Manage and escalate issues related to BU SS and CoEs
  • Maintain and monitor open items, issues, logs, project lists…
  • Manage daily service delivery through Client Support Specialists
  • Address custom client requests, manage production activities of Client Support Specialists 1, 2 and Senior Specialists.
  • Coordinate the implementation of new funds, systems and processes. Assist with client conversions and other client projects.
  • Identify and implement consistent operational best practices.
  • Work closely with BU Client Service as needed.
  • Manage report card data collection and production.
  • Assist with compliance/fiduciary reviews and audits.
  • Train, develop and motivate new staff. Complete performance appraisals.
  • Provide technical expertise to resolve daily problems.
  • Serve on committees. Help define and implement new company initiatives.
  • Perform annual risk assessments for customer accounts and alert VP of any changes that may increase State Street risk.
  • Other duties as assigned.
  • During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures

What we value

These skills will help you succeed in this role

  • Strong critical thinking, problem solving, and decision making skills
  • Strong interpersonal skills and ethical decision making
  • Ability to work in a team environment with emphasis on collaboration with both clients and other internal service teams.

Education & Preferred Qualifications

  • BS/BA degree required. Must have a minimum of 5-7 years of related experience, preferably in financial services industry
  • Exposure to Wall Street Office (WSO)
  • Familiarity with the bank loan asset class

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.

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

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