State Street Investment Management - Global Leveraged Finance Intern - 2027 Summer

State Street•Boston, MA

About The Position

State Street Investment Management is seeking a summer 2027 intern to support its growing Global Leveraged Finance business. The team manages approximately $45 billion in assets across leveraged loan and high-yield strategies, including ETFs, separately managed accounts, and CLOs. Its approach combines bottom-up credit research, active participation in primary markets, and quantitative strategies. The intern will gain exposure to the full portfolio-management lifecycle, including investment operations, portfolio construction, credit research, and trade execution. The role supports repeatable, document-heavy processes so the portfolio managers can focus more time on analyzing new issues. The intern will make an initial attempt at assigned tasks and escalate issues to the team. The position also includes ad hoc projects and collaboration with operations, credit research, investment strategy, sales distribution, technology, and external partners. It is suited to someone eager to learn about leveraged finance in a fast-moving, high-complexity environment.

Requirements

Be a rising junior or senior studying Finance, Economics, Accounting, Mathematics, or a related field.
Demonstrate eagerness to learn about leveraged finance and contribute to the team’s goals.
Have superior communication skills and communicate with internal and external stakeholders in a timely, professional manner.
Be able to work independently and in a group setting.
Have strong attention to detail and the ability to work in a high-cost-of-failure environment while managing several deadlines.
Have a basic understanding of financial statements and credit concepts, such as valuation, leverage, and financial modeling.
Be familiar with financial markets, including primary versus secondary trading, the parties involved, and the trade lifecycle.

Responsibilities

Work with a third-party provider to reconcile positions across Aladdin, Virtus, and BSPM, supporting above-market-average settlement times.
Manage deal-site access with trading counterparties and ensure the team can access materials needed for investment decisions.
Assist with primary-issuance research and recommend primary and secondary trades based on relative value and portfolio risk profiles.
Review amendment, roll, and paydown documents; flag when a vote is needed and ensure documents are submitted by deadlines.
Consolidate information from different sources into the primary tracker and prioritize credit discussions in relation to syndication timelines.
Track and research new issuance in the high-yield and leveraged-loan markets.
Prepare marketing materials for CLO, high-yield, leveraged-loan, and systematic strategies.
Work with internal and external partners to set up facility IDs and book primary trades.
Make an initial attempt at assigned operational and documentation tasks and escalate issues to the team.
Contribute to ad hoc projects supporting the growing business.

Benefits

401(k) retirement savings plan with company match
Basic life insurance and medical, dental, vision, and long-term disability coverage, with other optional coverages available
Paid time off, including vacation, sick leave, short-term disability, and leave for family care responsibilities
Access to an Employee Assistance Program
Eligibility for annual performance-based incentive awards, except for certain sales roles subject to sales incentive plans
Eligibility for certain tax-advantaged savings plans
Inclusive development opportunities
Flexible work-life support
Paid volunteer days
Employee networks