Subscription Finance Surveillance, Senior Associate
About The Position
The Senior Associate joins the Subscription Finance Surveillance team within State Street’s Global Credit Finance (GCF), which provides capital call and other fund-level lending solutions to private equity sponsors, private credit managers, hedge funds, and fund-of-funds managers. The role monitors the credit quality of the subscription finance portfolio and supports portfolio surveillance, risk management, data quality, and reporting. The position involves researching and rating Limited Partners, reviewing legal and organizational documentation, producing and validating weekly surveillance reporting, supporting Borrowing Base uploads and data quality in Mercatus (Alpha for Private Markets), and contributing to Quarterly Exposure Reviews. The Senior Associate partners with Account Officers, business unit analysts, Enterprise Risk Management, Internal Audit, regulatory examiners, and other stakeholders. The role also supports automation and improvement of recurring reporting and offers exposure to credit analysis, risk management, and private markets.
Requirements
- Undergraduate degree in Finance, Business, Economics, Liberal Arts, or a related field.
- 1–4 years of experience in the financial services industry.
- Strong analytical and problem-solving skills.
- Exceptional attention to detail.
- Strong organizational and time-management skills.
- Ability to research, interpret, and analyze legal and financial documentation.
- Proficiency in Microsoft Excel and data management tools.
- Strong interpersonal skills and a customer-service mindset.
- Demonstrated initiative and intellectual curiosity.
Responsibilities
- Research and analyze Limited Partner information, including reviewing legal and organizational documentation to facilitate creation of GEMS IDs/UCIs when needed.
- Perform internal credit ratings and partner with Account Officers to obtain supporting documentation when information is not publicly available.
- Prepare, analyze, and validate weekly surveillance reporting related to LP ratings, upcoming ratings reviews, outstanding ratings requests, and portfolio coverage metrics.
- Assist business unit analysts and Account Officers with Borrowing Base uploads into Mercatus (Alpha for Private Markets) and perform quality assurance reviews to ensure data accuracy and integrity.
- Respond to information requests from Enterprise Risk Management, Internal Audit, regulatory examiners, and other stakeholders in a timely and professional manner.
- Identify, assess, and escalate key risks and emerging issues to senior management, and support ongoing portfolio monitoring and risk management initiatives.
- Identify manual processes, standardize data inputs, and develop repeatable reporting solutions using Excel and other approved data and reporting tools.
- Assist with portfolio surveillance, including preparing and reviewing Quarterly Exposure Review materials for the Capital Call portfolio as needed.
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, subject to stated exclusions.
- 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
Senior
