Full-Time

Bank Loan Servicing

Officer

Confirmed live in the last 24 hours

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Senior

Company Historically Provides H1B Sponsorship

Indianapolis, IN, USA + 8 more

More locations: Austin, TX, USA | Irvine, CA, USA | Berwyn, PA, USA | Chicago, IL, USA | Princeton, NJ, USA | Sacramento, CA, USA | Montclair, NJ, USA | Quincy, MA, USA

Category
Asset Management
Finance & Banking
Required Skills
Management
Requirements
  • Knowledge of securities language and legal requirements.
  • Good interpersonal, organizational and management skills.
  • Solid understanding of operational functions within Custody and/or Fund Accounting.
  • Ability to provide technical expertise to resolve daily problems.
  • Demonstrated computer proficiency and working knowledge of various software applications.
  • Ability to develop and enhance client relationships.
  • Equivalent to a BS degree in Finance, Business or related field.
  • At least 5 years of related Custody and/or Fund Accounting experience, part of which must have been in a management or supervisory capacity.
  • Experience in working with Bank Loan asset class.
  • Proficiency with Wall Street Office (WSO)
Responsibilities
  • Account for the day-to-day management of a functional team(s) and manage daily service delivery and production activities performed by staff
  • Primary contact and key escalation point for operational issues, provide technical expertise to resolve daily problems
  • Act as primary contact and escalation point for operational issues
  • Manage and escalate issues related CoE’s and other Shared Services
  • Manage production activities of Shared Service Associate I, II and Senior Associate
  • Coordinate the implementation of new funds, systems and processes. Assist with client conversions and other client projects
  • Organize Shared Service internal meetings, as needed, and compiles related documentation, assisting with the coordination and development of the agenda and may attend meetings to record notes and action items
  • Identify and implement consistent operational best practices
  • Assist with compliance/fiduciary reviews and audits
  • Train, develop and motivate new staff, complete performance appraisals
  • Provide coaching and development opportunities to staff, participate in individual on-going training and development
  • Provide technical expertise to resolve daily problems
  • Serve on committees. Help define and implement new company initiatives
  • During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
  • Other duties as assigned

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, and utilizes its global network and expertise to deliver customized financial solutions. State Street generates revenue from 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 inclusion.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1792

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for ESG investing aligns with State Street's diversity commitment.
  • Digital assets offer new growth opportunities for State Street's custody services.
  • Expansion of passive investing boosts market share for State Street Global Advisors.

What critics are saying

  • Intense competition from BlackRock and Vanguard may impact State Street's growth.
  • Regulatory scrutiny on ESG practices could affect State Street's operations.
  • Geopolitical tensions in expansion regions may disrupt State Street's strategic plans.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to diversity and inclusion in financial services.
  • State Street leverages advanced data analytics to enhance investment management services.

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