Subscription Finance Surveillance, Sr Assc

State Street•Boston, MA

About The Position

Who we are looking for An incoming Senior Associate on the team should possess a positive attitude and strong quantitative skills. The successful candidate will have an ability to work effectively with internal stakeholders to assist in the surveillance of subscription facilities. Surveillance and monitoring of the portfolio will be a core responsibility. Alternatives Lending sits within the Fund Finance department, which is a key driver of revenue for the division and has $23B of loan commitments. The Alternatives team provides subscription finance products to some of the world’s leading Private Equity Sponsors and Fund of Hedge Fund Managers. The job is located in Boston, MA. Why this role is important to us The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for

Requirements

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.

Nice To Haves

Strong excel skills and prior Salesforce experience is desirable.
Degree in Business, Economics, Finance or liberal arts

Responsibilities

Assist Analysts and Account Officers in Borrowing Base uploads into Mercatus (Alpha for Private Markets) for subscription credit facilities
Match Limited Partners (Investors) in our facilities to Investor Parents in Mercatus
Create GEMs ID’s, UCI’s and Ratings for Limited Partners that are not currently in the State Street system
Monitor Mercatus for Investor Parent and Limited Partners that are not rated, and create ratings for missing entities
Create surveillance documents for Quarterly Exposure Review on the entire portfolio
Create Monthly report for Credit Committee
Assist in day-to-day management and maintenance of Mercatus platform
Respond to requests for information from Enterprise Risk Management, internal audit and bank examiners; maintain high responsiveness and service quality across internal constituencies
Demonstrate the ability to identify, prioritize and escalate critical issues to senior management.
Work closely with loan Senior Associates 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