Asset Owners and Insurance Lending – Global Credit Finance, Vice President

State Street•Boston, MA

1d•Hybrid

About The Position

The Global Credit Finance (GCF) division at State Street provides a range of financial solutions to support clients across the bank. We are a global division with approximately 150 employees in various locations worldwide. The Asset Owner and Insurance Lending team within GCF provides liquidity and credit solutions to a diverse set of State Street clients across the asset owner and insurance segments, including municipalities, non‑profits, corporates, and insurance companies. We are seeking a Vice President to serve as the credit officer responsible for independent credit risk oversight across this portfolio. The role spans the full credit lifecycle, encompassing underwriting, credit approval, and ongoing portfolio surveillance, with responsibility for maintaining strong credit quality and adherence to risk standards.

Requirements

Strong first line credit risk expertise
Excellent analytical and communication (written and verbal) skills
Effective collaboration with relationship managers and internal partners
Sound credit judgment in applying policies and risk appetite to individual exposures and the broader portfolio
Understanding of banking regulations and compliance requirements applicable to commercial lending
Bachelor’s degree in finance, business, economics, accounting, or a related field
8–10 years of credit experience in a commercial lending environment, including corporate, municipal, insurance, and/or not‑for‑profit exposures

Nice To Haves

MBA, CFA, or similar advanced credential preferred
Formal credit training program experience preferred

Responsibilities

Oversee credit approval process for new credit exposures and modifications, including renewals, amendments, and waivers, supported by comprehensive written credit analyses and clear risk recommendations
Monitor portfolio credit quality through ongoing surveillance, annual reviews, internal risk ratings, and proactive identification and escalation of emerging risks
Ensure adherence to credit policies and underwriting standards, advising on policy enhancements as needed
Prepare reporting, analytics, and management updates on portfolio, including any watch list exposures, for senior management and risk committees, as appropriate
Train and provide mentorship to junior staff on credit processes

Benefits

competitive and comprehensive benefits packages
generous medical care
insurance
savings plans
flexible Work Program
wealth of development programs
educational support
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
eligibility for certain tax advantaged savings plans