Private Credit & Asset Owners Private Markets (AOPM) Fund Administration & Transaction Processing, Senior Vice President

State Street Corporation • Boston, MA

136d • $225,000 - $337,500

About The Position

Senior level management role within State Street's Alternative Investment Solutions (AIS) Business Unit with a focus on Private Credit and Asset Owner Private Markets transaction processing, the fastest growing sub-segment of the Private Markets industry in recent years. This role requires senior level executive interaction within State Street and with State Street's largest and most strategic clients, therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate strong initiative, be able to perform well under pressure and be capable of managing multiple, diverse assignments.

Requirements

• Candidates must hold a college degree (accounting degree strongly preferred; business, mathematics, finance or economics degree required).
• 15 or more years of previous accounting and/or financial service operations experience.
• Solid business unit management experience on complex clients requiring a high level of client interaction.
• In-depth knowledge of the Bank Loan asset class and the multiple internal and external dependencies required to manage end client delivery.
• Experience in or exposure to Fund Accounting, Custody, Financial Reporting, Recon, Fund Operations, Trade Processing, Middle Office, Risk Oversight, Relationship Management, Automation and Management Reporting.
• Knowledge of Private Credit Fund structures and the role of each entity in the fund structure.
• Knowledge of private credit accounting and allocation technology, such as Investran, Geneva and waterfall compensation methods.
• Familiarity with Private Credit Fund Services quarterly deliverables.
• Knowledge of upstream and downstream technology solutions to drive automation levels in servicing private markets structures.

Nice To Haves

• MBA and/or CPA are a plus.
• Familiarity with other alternative investment structures (BDC's, Interval Funds, ELTIF's, etc.) is a plus.

Responsibilities

• Design, drive and execute a program of transformation that incorporates both technology and organizational design.
• Drive a culture of service excellence to both internal and external clients.
• Cultivate a unified loan culture, operating model, platform and service offering.
• Ensure delivery of new bank loan technology program scales to support future growth and mitigates operational risk challenges.
• Own delivery of complex daily operations and processes, including the governance of vendor-provided services.
• Refine and optimize the AOPM operating model to ensure proper resource deployment.
• Assist State Street Client Service teams in negotiations with clients to establish service levels and set delivery expectations.
• Work with IT partners to ensure support for development, implementation, and maintenance of new technology solutions.
• Act as primary contact and escalation point for operational issues and new business opportunities.
• Manage teams to exceed annual performance goals and perform oversight of teams globally.
• Promote a culture of diversity.

Benefits

• Generous medical care, insurance and savings plans.
• Flexible Work Programs.
• Development programs and educational support.
• Paid volunteer days.
• Matching gift programs.
• Access to employee networks.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree