State Street Investment Management - Global Leveraged Finance Intern - 2027 Summer
About The Position
The Global Leveraged Finance team is seeking a 2027 summer intern to support its growing leveraged finance business and new product launches. The team manages approximately $45 billion in assets across leveraged loan and high yield strategies, including ETFs, SMAs, and CLOs. The intern will assist with repeatable, document-heavy investment operations and trade processes, helping the team focus more time on analyzing new issues. The role provides exposure to leveraged finance market structure, trading and trade processes, portfolio construction, fundamental credit analysis, and ad hoc projects. The intern will gain experience across the full portfolio management lifecycle, including investment operations, portfolio construction, credit research, and trade execution. The position involves collaboration with operations, credit research, investment strategy, sales distribution, technology, and third-party providers. It is suited to someone eager to learn about evolving leveraged finance markets and work 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 with internal and external stakeholders, communicating in a timely and professional manner.
- Be able to work independently and in a group setting.
- Have strong attention to detail and the ability to manage several deadlines in a high-cost-of-failure environment.
- Have a basic understanding of financial statements and credit concepts such as valuation, leverage, and financial modeling.
- Have familiarity with markets, including primary versus secondary trading, parties involved, and the trade lifecycle.
Responsibilities
- Work with a third-party provider to reconcile positions across Aladdin, Virtus, and BSPM, with the goal of achieving above-market-average settlement times.
- Manage deal-site access with trading counterparties and ensure the team has the materials needed to make investment decisions.
- Assist with primary-issuance research and recommend primary and secondary trades based on relative value and portfolio risk profiles.
- Review documents for amendments, rolls, and paydowns; flag when a vote is needed and ensure documents are submitted by the deadline.
- Consolidate data from different sources into the primary tracker and prioritize credit discussions related 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.
- Escalate issues encountered while completing assigned tasks.
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 an Employee Assistance Program.
- Incentive compensation, including eligibility for annual performance-based awards, with exclusions 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.
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What This Job Offers
Job Type
Full-time
Career Level
Intern
