CLO & Private Credit Portfolio Management, Vice President

State Street•Boston, MA

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, including the credit analysis for a variety of transactions, 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 partners closely with Treasury, Risk Management and Investor Relations. 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. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential.

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 and savings plans
flexible Work Programs
wealth of development programs and educational support
inclusive environment where everyone can thrive and reach their maximum potential
tools to help balance your professional and personal life
paid volunteer days
matching gift programs
access to employee networks
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
inclusive development opportunities
flexible work-life support
vibrant employee networks