Credit Services, AVP

7 days left

State Street.
Boston, Massachusetts
Not disclosed
05 Feb 2021
05 Mar 2021
Contract type
Full time
Experience level

Who we are looking for

The Global Credit Finance team oversees a portfolio of 5 different credit products with an $85BN credit capacity. Its 120+ member team operates in the US and EMEA with offices in Boston, London, and Irvine, California. Global Credit Finance’s aim 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 Fund Finance, Municipal Finance, Commercial Real Estate, Leveraged Loans, and Stable Value Wrap.

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 Global Credit Finance Business Support Letter of Credit Specialist, you will

  • Provide direct support for letter of credit issuance including documentation review and preparation
  • Monitor letter of credit draw, reimbursement and invoicing activity
  • Participate in onboarding of facilities which include letter of credit option
  • Support in the integration of our new loan platform specifically around letters of credit functionality
  • Internal and external reporting
  • Ensure proper data governance, controls, procedures and documentation
  • Perform additional responsibilities as required
  • Ad-hoc requests and special projects as needed
  • What we value

    These skills will help you succeed in this role

  • Ability to think critically to understand existing processes and identify opportunities for improvement
  • Ability to manage and prioritize multiple closings, issuance and related tasks
  • Ability to clearly articulate process requirements to internal and external audiences
  • Strong analytical and problem-solving skills
  • Excellent written and verbal communication skills
  • Education & Preferred Qualifications

  • Bachelor’s degree in Finance or Accounting
  • 5-10 years financial services experience specifically servicing letters of credit
  • Strong working knowledge of ISP98 governing provisions
  • 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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