State Street Corporation

Alternative Investment Services Bank Loans Operations, Assistant Vice President

State Street Corporation$85K — $137K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required; minimum 5-7 years of relevant experience, ideally in financial services.
  • Experience specifically with Bank Loan asset class is essential.
  • Proficiency with Wall Street Office (WSO) software is required.
  • Background in client management and team management is necessary.
  • Skills in multi-point reconciliations, fund accounting, and vendor data sourcing are key.

Responsibilities

  • Serve as the primary contact and escalation point for operational issues.
  • Address and resolve inquiries from clients and various internal teams, ensuring timely resolution.
  • Maintain tracking of open items, issues, and project lists.
  • Manage custom client requests and oversee production activities of Client Support Specialists.
  • Coordinate the implementation of new funds, systems, and processes, aiding in client conversions.
  • Identify and enforce operational best practices throughout the team.

Benefits

  • Comprehensive retirement savings plan (401K) with company match.
  • Insurance coverage including medical, dental, vision, basic life, and long-term disability.
  • Paid time off for vacation, sick leave, and family care responsibilities.
  • Access to Employee Assistance Program for support services.
  • Eligibility for performance-based incentive compensation and certain tax-advantaged savings plans.
Full Job Description
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.

What you will be responsible for:

As Alternative Investment Services Bank Loans Operations AVP, you will
  • 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.
  • Maintain and monitor open items, issues, logs, project lists...
  • 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.

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
  • Experience in working with Bank Loan asset class required
  • Proficiency with Wall Street Office (WSO)


Salary Range:
$85,000 - $137,500 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.

Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street Corporation

State Street Corporation Careers

Join the dynamic team at State Street Corporation, a leading financial services provider known for its commitment to innovation, leadership, and professional growth. As a global powerhouse in investment management and servicing, we offer unparalleled job opportunities that propel your career to new heights.

Work You’ll Do

At State Street Corporation, you’ll be part of a culture that values diversity, leadership, and continuous professional development. Engage in work that transforms the financial landscape and helps our clients achieve their investment goals. Our team at State Street is at the forefront of combining industry expertise with cutting-edge technology to deliver exceptional service and results.

Explore Our Job Opportunities

Whether you’re looking for an entry-level position or a senior role, State Street Corporation offers a range of career paths in areas such as asset management, data analytics, finance, and technology. Our hiring process is designed to identify and nurture talent, focusing on your skills and potential. Prepare your resume, ace the interview, and join a team that’s committed to your career growth.

Internship Programs

Kickstart your career with a State Street internship. Our programs provide hands-on experience, networking opportunities, and professional mentoring in a real-world setting. Interns at State Street gain valuable insights and skills that make them competitive candidates for full-time positions within our company.

Benefits and Growth

State Street Corporation is dedicated to the growth and well-being of our employees. We offer a comprehensive benefits package that supports both your professional and personal life. From advanced career training and leadership development programs to health and wellness benefits, we ensure that our team members have the resources they need to succeed.

Inclusive Culture and Diversity

We pride ourselves on fostering an inclusive environment where every employee can thrive. Diversity is not just embraced; it’s celebrated. At State Street, you’ll work alongside a diverse group of professionals who bring a wide range of perspectives and ideas to the table. Our diversity training programs are designed to enhance collaboration and innovation across our global team.

Stay Connected

Join Our Team Discover the career you’ve always wanted by exploring the job opportunities at State Street Corporation. We look for driven, curious, and innovative team players who are ready to make an impact. Search State Street jobs now and find the position that best matches your skills and interests. Keep Up to Date Stay informed with career tips, insider perspectives, and industry-leading insights you can use today—all from the people who work here. Our careers blog provides you with the latest trends, tools, and advice to keep you ahead in your professional journey.

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Learn more about State Street Corporation
Size
39,335 employees
Market Cap
$28.4 billion
Industry
Net Income
$2.4 billion
Founded
1792
5 Year Trend
-4.9%
NASDAQ

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