Private Credit Product – Solutioning Lead

Across the globe, institutional investors rely on State Street to help them manage risk, respond to challenges through solutions, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged professionals are essential to our success.

Our commitment to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

Position Overview

Private Credit has been the fastest growing sub-segment of the Private Markets industry over the past several years.  This is expected to continue as more firms see direct/private lending as a way to create portfolio yields that are uncorrelated to public markets; as traditional lending banks continue to face capital constraints and overheads; and as insurance companies seek structured loans and yields to feed their annuity businesses.  In addition to direct lending, the definition of Private Credit continues to expand to other areas such Real Estate, Infrastructure and other areas of Asset Based Financing.

Private Credit as an asset class also lends itself to multiple jurisdictions and various structures, including traditional closed ended funds, private hybrid funds, SMAs and registered semi-liquid fund structures such BDC’s, Interval Funds, ELTIF’s, etc., which will result in broader distribution of these products into wealth channels, and thus more growth.

This Vice President position will report to the Managing Director of Private Credit Product in State Street’s institutional services division.  The position will also collaborate closely with operating teams providing fund administration, loan services, custody, transfer agency, trustee services and analytics to credit managers.  Additionally the position will collaborate with State Street’s global markets credit lending and finance team to combine on client value chain strategies across asset servicing and credit finance.

The Private Credit Product Solutioning Lead role will have responsibility for contributing to  the evolution and evangelism of our go-to-market strategy for asset servicing capabilities superior to global competitors in all major regions, and will have a key role in the firm’s ability to capture the above-mentioned growth levels. 

Responsibilities                            

Client solutioning and continuing to grow our Private Credit offering are the main responsibilities of this role, as well as participation in the product development and management of the private credit end to end platform. You will collaborate closely with commercial teams and operating teams to drive superior outcomes for State Street and our global private equity clients.

• Provide subject matter expertise - have a solid understanding of the end-to-end Private Credit strategic operating model and technology stack. Ability to develop solutions that can be deployed for complex clients
• Drive solutions - partner with teams across our global organization to define and solution critical deals and to ensure that the relevant subject matter experts are consulted, and that critical design assumptions and strategic options are thoroughly explored
• Research & Market Analysis - Ensure key competitor intelligence is updated continuously, and emerging industry trends are captured where relevant
• Partner with the business development and relationship management organizations to develop a robust pipeline. Drive business development, including providing support in Request for Information / Proposals, ensuring quality responses.

Job Requirements and Minimum Qualifications

• Bachelor’s degree required (Finance, Business or Accounting preferred)
• 7+ years experience desirable
• Private Credit experience needed; either from asset servicing, or directly from within Private Credit and Fund employers
• Critical thinking, problem solving, and decision making skills
• Demonstrable experience managing projects and collaborating across teams

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Salary Range:

$130,000 - $212,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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