Credit Services, Senior Associate

State Street•Boston, MA

2d•Hybrid

About The Position

State Street’s Global Credit Finance (GCF) Business Management team is seeking a motivated, intellectually curious, and proactive Senior Associate. This highly visible role operates at the intersection of business management, client strategy, and operational execution, with exposure to GCF lending platforms including Private Credit, CLOs, Capital Call Facilities, Investment Advisor Facilities, and other credit products. The role partners with senior leaders and stakeholders across the division to support strategic initiatives, business planning, client engagement, financial management, reporting, governance, and operational processes that help the business scale and operate effectively. The position participates in a hybrid work arrangement: four days per week in the office and one remote workday, in alignment with corporate policy. Global Credit Finance is State Street’s lending business. It manages more than $100 billion in lending commitments and serves clients around the world through a range of financing solutions. The team has more than 150 employees across the U.S., Europe, and Asia, with offices in Boston, Irvine, London, Munich, Gdansk, Luxembourg, and Bangalore.

Requirements

Undergraduate degree in Finance, Business, Economics, Marketing, or a related field.
1–4 years of experience in the financial services industry.
Strong organizational and time-management skills, with the ability to prioritize multiple projects and deadlines.
Excellent written, verbal, and interpersonal communication skills.
Proficiency in Microsoft Office applications, particularly Excel and PowerPoint.
Strong analytical and problem-solving skills, including the ability to think critically and identify practical solutions.
Ability to manage multiple stakeholders and collaborate effectively across teams.
Self-motivated and detail-oriented, with willingness to take ownership and initiative.
Eagerness to learn new products, business processes, and industry concepts while maintaining a positive, growth-oriented mindset.

Responsibilities

Conduct regulatory and compliance reviews across GCF’s global lending portfolio, gaining exposure to industry regulations and risk management practices.
Contribute to business process improvement initiatives by documenting workflows, enhancing procedures, and supporting operational efficiencies.
Support audit, regulatory, and risk remediation efforts, including reviews of legal and business documentation.
Support implementation and ongoing execution of a new data management framework for the BDC and Subscription Finance portfolios by coordinating data collection, establishing governance standards, and maintaining data lineage and audit-ready documentation for CECL, CCAR, and other enterprise risk and regulatory reporting initiatives.
Drive cross-functional efforts to implement new FR Y-14Q reporting requirements, including data sourcing, stakeholder engagement, issue resolution, and establishment of sustainable processes and controls for regulatory reporting compliance.

Benefits

Retirement savings plan (401K) with company match.
Insurance coverage including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Access to the Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, with certain sales roles excluded and subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.