Credit Services, Senior Associate

State Street•Boston, MA

19h•$52,000 - $91,000•Hybrid

About The Position

The Senior Associate will join State Street’s Global Credit Finance (GCF) Business Management team. GCF is State Street’s lending business, managing more than $100 billion in lending commitments across a variety of products and serving clients around the world. The position is highly visible and spans 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. It also supports regulatory and compliance reviews, process improvements, audit and risk remediation, data management, and regulatory reporting initiatives. The position follows a hybrid work arrangement, with four days per week in the office and one remote workday in accordance with corporate policy. The stated annual salary range is $52,000–$91,000, with the applicable range potentially varying by work location.

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, including 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, with 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.
Document workflows, enhance procedures, and support business process improvement and operational efficiency initiatives.
Support audit, regulatory, and risk remediation efforts, including reviews of legal and business documentation.
Support implementation and ongoing execution of a 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 implementation of new FR Y-14Q reporting requirements, including data sourcing, stakeholder engagement, issue resolution, and development of sustainable processes and controls for regulatory reporting compliance.
Support strategic initiatives, business planning, client engagement efforts, financial management, reporting, governance, and operational processes in partnership with senior leaders and stakeholders.

Benefits

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