CLO & Private Credit Portfolio Management, Vice President

State Street•Boston, MA

2d•Onsite

About The Position

The Vice President will provide Collateralized Loan Obligation (CLO) & Private Credit portfolio management, lending, and credit analysis activities across portfolios within Global Credit Finance. This includes credit analysis for a variety of transactions and partnering closely with the Bank’s strategic Private Markets clients. As portfolio manager, this role has responsibility for leading a team of credit analysts for both underwriting and surveillance processes. The role operates in partnership with Treasury, Risk Management, and Investor Relations.

Requirements

Bachelor’s degree or equivalent experience.
7+ years of experience in leveraged loans, private credit, structured credit, or related credit markets.
Experience supporting portfolio management and/or lending activities within a regulated financial institution.
Demonstrated credit analysis and underwriting experience.
Working knowledge of loan documentation, covenants, and loan market conventions.
Strong analytical, organizational, and communication skills.

Nice To Haves

MBA or CFA® designation or progress toward completion.
Experience supporting private credit or alternative lending strategies.
Familiarity with bank regulatory, risk management, and governance frameworks.
Exposure to CLOs, private credit, investment adviser lending, or structured credit products.

Responsibilities

Global portfolio management execution for the portfolio, including monthly performance analysis, monitoring, and reporting
Monitor portfolio exposures, market conditions and liquidity, and provide recommendations to support portfolio positioning and risk management
Build strategic relationships across the firm in order to support institutional growth on the servicing and lending portfolios
Execution of fundamental credit analysis across both private credit and BSL funds including financial statement review, cash flow analysis, and capital structure assessment
Management and training of staff in order to support underwriting activities for new transactions, amendments, and refinancings
Present to Credit Committee as warranted for credit surveillance watchlist, exceptions to guidelines
Conduct ongoing credit surveillance, including monitoring of covenant compliance, ratings actions, and emerging credit risks.
Support adherence to internal policies, procedures, and governance frameworks.
Partner with Enterprise Risk Management, Legal, Compliance, Finance, and Operations to support effective risk oversight.
Preparation and Presentation of materials for senior risk committees and governance forums
Escalate identified risks or issues and solutions in order to mitigate risk
Collaborate with internal stakeholders across lending, structuring, treasury, operations, and risk functions.
Engage with external counterparties, including banks and asset managers, to support transaction execution and market awareness.
Contribute to internal portfolio and market updates for management review.

Benefits

competitive and comprehensive benefits packages
generous medical care
insurance
savings plans
flexible Work Programs
development programs
educational support
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
eligibility for certain tax advantaged savings plans
paid volunteer days
matching gift programs
access to employee networks