Subscription Finance, 6 Months Full-time Internship (Jul- Dec 2026)

State Street • Boston, MA

23h

About The Position

Global Credit Finance is the Bank’s lending division. The team oversees a portfolio of 10 different products with over $104B of notional commitments. Its 150+ member team operates in the US, EMEA and APAC with offices in Boston, Irvine, London, Munich, Gdansk, Luxembourg, and Bangalore. Global Credit Finance’s mission is twofold: to attract and retain clients of State Street through the use of the firm’s balance sheet; and to add income and diversification to the company’s portfolio of on and off-balance sheet investments. Our products include Private Markets – Subscription Finance, Private Credit, Real Money Funds-Liquidity and Leverage, CLOs, Municipal Finance, Commercial Real Estate, Leveraged Loans, Corporates, and Stable Value Wrap.
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers

Requirements

• Demonstrated expertise in credit markets, commercial loan structuring, risk assessment, and legal documentation.
• Strong analytical, credit underwriting and problem-solving skills
• Excellent interpersonal, organizational and communication skills
• Familiarity with KYC/AML
• A positive attitude, a client service mindset and high level of attention to details
• Strong excel skills and prior Salesforce experience is desirable

Nice To Haves

• Experience in subscription credit facility origination/underwriting
• Knowledge of FX Derivatives and other capital markets a plus

Responsibilities

• Assist Account Officers in due diligence process and underwriting of subscription credit facilities
• For accounts where assisting the Account Officer: exercise appropriate diligence in credit underwriting process, with ability to independently analyze financial statements and other information pertinent to the borrower
• Assist Account Officer in the presentation and defense of credit recommendations clearly and concisely
• Assist in maintenance of up-to-date approvals, credit and legal files
• Respond to requests for information from Enterprise Risk Management, internal audit and bank examiners; maintain high responsiveness and service quality across internal constituencies
• Work with Loan Operations and customers as appropriate to facilitate operational aspects of credit relationship
• Demonstrate the ability to identify, prioritize and escalate critical issues to senior management.
• Work closely with loan officers to continue to develop industry knowledge as well as underwriting and portfolio management skills, understanding of policies and procedures for credit and portfolio administration, and management of the legal documentation process.
• May also be relied upon to handle assigned projects

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern