Structured Trust and Analytics, Associate 2

State Street•Quincy, MA

1d•$43,680 - $62,400

About The Position

Under the supervision of the Assistant Vice President, the Structured Trust and Analytics, Associate 2 is responsible for the day-to-day activities for a particular set of investment vehicles. The role involves working with structured finance transactions, serving clients, managing concurrent assignments under pressure, and producing analyses and reports related to CLOs. The position runs hypothetical trades through Excel/SOLVAS-based models and communicates results to clients; creates and updates Excel-based models using CLO Warehouse and Indenture documents; and executes Excel/CDO Suite models to calculate CLO Concentration, Coverage, and Collateral Quality Tests. The Associate liaises with Collateral Managers and Auditors to reconcile data and produce monthly trustee reports and quarterly payment distribution reports for CLO investors. The role also develops relationships with clients, investors, and internal groups within State Street and participates in special projects as assigned.

Requirements

Have some understanding of Structured Finance Transactions.
Demonstrate a strong client focus and the ability to work well under pressure while managing multiple assignments.
Have a strong work ethic and positive attitude.
Have excellent time management skills and the ability to prioritize deadline-driven workflow.
Be able to work well within a small group and operate independently on short- and long-term goals.
Be detail-oriented, be a natural problem solver, and independently research problems and offer solutions.
Have excellent interpersonal and communication skills, including via phone and email.
Demonstrate a passion for improving systems and processes.
Be able to manage and manipulate large amounts of data in Excel.
Be able to create Excel-based models to measure tests and parameters outlined in legal documents.
Be able to comprehend and interpret legal documentation such as Indentures and Offering Memorandums.
Be able to work with credit instruments, including senior secured loans and high-yield bonds.
Have strong communication skills and the ability to work with clients.

Nice To Haves

Experience creating Excel-based models for tests and parameters outlined in legal documents, preferably related to CLOs or bank loans.

Responsibilities

Run hypothetical trades through Excel/SOLVAS-based models and communicate results to clients.
Create and update Excel-based models based on CLO Warehouse and Indenture documents.
Execute Excel/CDO Suite models daily to calculate CLO Concentration, Coverage, and Collateral Quality Tests.
Liaise with Collateral Managers and Auditors to reconcile data and produce monthly trustee reports and quarterly payment distribution reports for CLO investors.
Advance relationships with clients, investors, and internal groups within State Street.
Participate in special projects as assigned.

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.
Eligibility for annual performance-based incentive awards, excluding certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.
Flexible Work Programs and flexible work-life support.
Development programs and educational support.
Paid volunteer days.
Matching gift programs.
Access to employee networks.