Subscription Finance, VP

State Street • Boston, MA

7d

About The Position

Join a team dedicated to extending credit products to existing and potential clients of State Street. Your work will contribute to maintaining and growing our relationships – the heart and soul of State Street’s strategy. The Global Credit Finance (GCF) division is made up of approximately 120 employees located in the United States and the United Kingdom. It provides a range of credit lending products to potential and existing clients of State Street. The business extends credit to clients from a wide range of products and industries including Fund Finance, Commercial Real Estate, Leveraged Loans, Municipal Finance and Stable Value Wrap. Why this role is important to us Alternatives Lending sits within the Fund Finance department, which is a key driver of revenue for the division and has $35B of loans outstanding. The Alternatives team provides subscription finance products to some of the world’s leading Private Equity Sponsors and Fund of Hedge Fund Managers. An incoming VP/Director on the team should possess a positive attitude and strong client/market facing skills. The successful candidate will have an ability to work effectively with internal and external stakeholders to source, negotiate, execute, and potentially syndicate bilateral or agented subscription facilities.

Requirements

• Funds Lending industry knowledge and experience in credit structuring and relationship management with a focus on the Fund Finance industry.
• Degree in Business, Economics, Finance or liberal arts; MBA or CFA a plus but not required.
• Minimum of 5+ years of commercial lending experience; prior subscription finance lending and or syndication experience is highly desirable.
• 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.
• Ability to interface personally and professionally with clients at the C-Suite level.
• Ability to develop business relationships within and outside of the organization.
• Experience in subscription credit facility origination/underwriting
• 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

• MBA or CFA a plus but not required.
• Knowledge of FX Derivatives and other capital markets a plus.

Responsibilities

• Grow and manage portfolio of fund level credit facilities to alternative investments funds, specifically Fund of Hedge Funds and Subscription Finance lines for Private Equity-style funds.
• Work closely with Alts Sales and Relationship Management teams across STT to identify and develop cross-sell opportunities and ensure client retention.
• Manage due diligence process and underwriting of subscription credit facilities, including legal documentation.
• Present and liaise effectively with respective deal committees and stakeholders internally such as operations, legal, risk management, etc.
• Network within the Fund Finance and Alternative Investment Management industries, to promote and strengthen State Street’s reputation, develop strong relationships and source lending opportunities, including bilateral, syndicated and participated transactions.
• Provide effective portfolio oversight and management reporting in accordance with State Street risk framework.
• Communicate effectively, both verbally and in writing on specific business initiatives and transactions.
• Manage ongoing relationships with clients and assist in developing new credit products and solutions for clients.
• Provide mentorship to AVP, Officer and Senior Associate members of the team.

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: Mid Level