Full-Time

Bank Loan Services Operations

Assistant Vice President

Updated on 3/14/2025

State Street

State Street

10,001+ employees

Asset management and custody banking services

Compensation Overview

$85k - $137.5kAnnually

Senior

Company Historically Provides H1B Sponsorship

Quincy, MA, USA

Category
Asset Management
Risk Management
Finance & Banking
Requirements
  • Deep understanding of the complexities of servicing bank loan debt held in complex global fund structures
  • Background in client management, team management, multi-point reconciliations, fund accounting, custody, vendor data sourcing and automation
  • Strong critical thinking skills
  • Ability to meet aggressive deadlines in a high volume work environment
Responsibilities
  • Perform assigned, complex daily operations and processes
  • Act as primary contact and escalation point for operational issues
  • Receive and resolve inquiries from client, Client Management, COEs, BU Shared Services and BU Client Service and ensure timely resolution
  • Manage and escalate issues related to BU SS and CoEs
  • Maintain and monitor open items, issues, logs, project lists
  • Manage daily service delivery through Client Support Specialists
  • Address custom client requests, manage production activities of Client Support Specialists 1, 2 and Senior Specialists
  • Coordinate the implementation of new funds, systems and processes
  • Assist with client conversions and other client projects
  • Identify and implement consistent operational best practices
  • Work closely with BU Client Service as needed
  • Manage report card data collection and production
  • Assist with compliance/fiduciary reviews and audits
  • Train client on using SS interfaces (i.e. myss.com, eHorizon, Cash Flow Module, Cash Manager)
  • Train, develop and motivate new staff. Complete performance appraisals
  • Provide technical expertise to resolve daily problems
  • Serve on committees. Help define and implement new company initiatives
  • Perform annual risk assessments for customer accounts and alert VP of any changes that may increase State Street risk
  • Identify any unusual or potentially suspicious transaction activity and report and/or escalate in accordance with corporate policy and guidelines
Desired Qualifications
  • Strong interpersonal skills and ethical decision making
  • Ability to work in a team environment with emphasis on collaboration with both clients and other internal service teams
  • BS/BA degree required
  • Minimum of 5-7 years of related experience, preferably in financial services industry
  • Experience in working with Bank Loan asset class
  • Proficiency with Wall Street Office (WSO)

State Street Corporation operates in the financial services industry, focusing on asset management and custody banking. It provides a variety of services to institutional investors, such as mutual funds and pension funds, through its division, State Street Global Advisors, which manages investment portfolios and offers advisory services. The company serves a wide range of clients, including corporations, governments, and non-profit organizations, by leveraging its global network and expertise to deliver customized financial solutions. State Street generates revenue through management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Additionally, it is recognized for its commitment to leadership and diversity, promoting a culture that supports employee growth and addresses important social issues.

Company Size

10,001+

Company Stage

IPO

Headquarters

Boston, Massachusetts

Founded

1792

Simplify Jobs

Simplify's Take

What believers are saying

  • Rising demand for ESG investing boosts State Street's asset management division.
  • Digital asset custody solutions present growth opportunities for State Street.
  • Popularity of ETFs aligns with State Street's index and ETF management offerings.

What critics are saying

  • Leadership instability with interim CFO may affect strategic decisions.
  • Integration challenges from Mizuho acquisition could disrupt service delivery.
  • Increased competition in proxy voting technology may impact market share.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is a leader in integrating ESG factors into investment processes.
  • State Street's commitment to innovation and inclusive leadership sets it apart.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Flexible Work Hours

Remote Work Options

Professional Development Budget

Tuition Reimbursement

Paid Holidays

Employee Referral Bonus

Company News

MarketBeat
Mar 2nd, 2025
Consilium Wealth Advisory LLC Invests $1.09 Million in State Street Co. (NYSE:STT)

Consilium Wealth Advisory LLC invests $1.09 million in State Street Co. (NYSE:STT).

MarketBeat
Mar 1st, 2025
Scotiabank Has Lowered Expectations for Healthpeak Properties (NYSE:DOC) Stock Price

State Street Corp acquired a new stake in Healthpeak Properties in the third quarter worth about $1,093,576,000.

Asset Servicing Times
Feb 28th, 2025
State Street acquires Mizuho's global custody businesses

State Street has partnered with Mizuho Financial group to acquire Mizuho's global custody and related businesses outside of Japan.

FF News
Feb 11th, 2025
Proxymity Secures $26M Funding Boost

Proxymity has secured $26 million in additional growth funding from existing investors, including BNP Paribas, BNY, Citi, Clearstream, Computershare, J.P. Morgan, and State Street. This funding supports Proxymity's innovative technology in proxy voting and shareholder communications. The capital will enhance technology and support geographic expansion. Investors express confidence in Proxymity's potential and its impact on transparency and efficiency in investor communications.

MarketScreener
Jan 17th, 2025
State Street Corporation Appoints Mark R. Keating as Interim CFO

State Street Corporation announced on January 14, 2025, the Board of Directors appointed Mark R. Keating as interim CFO, effective upon Eric Aboaf ?