Subscription Finance Surveillance, Senior Associate

What is Global Credit Finance

Global Credit Finance (GCF) is State Street’s lending business, helping clients access financing solutions while supporting the growth of the firm. GCF manages more than $100 billion in lending commitments across a variety of products and serves clients around the world.

GCF is made up of more than 150 employees across the U.S., Europe, and Asia, with offices in Boston, Irvine, London, Munich, Gdansk, Luxembourg, and Bangalore. GCF works with a diverse range of financing solutions, including private markets lending, private credit, liquidity and leverage facilities for investment funds, CLOs, municipal finance, commercial real estate, corporate lending, and other specialized financing products.

Our mission is to build strong client relationships by providing capital and financing solutions while generating income and diversification for State Street.

Who we are looking for

We are seeking a highly motivated, detail-oriented, and intellectually curious Senior Associate to join the Subscription Finance Surveillance team within Global Credit Finance (GCF). Subscription Finance is a key driver of revenue for GCF, providing capital call and other fund-level lending solutions to leading Private Equity sponsors, Private Credit managers, and Hedge Fund/Fund of Funds managers. The Senior Associate will play a key role in monitoring the credit quality of this portfolio by researching and rating Limited Partners, producing weekly surveillance reporting, supporting Borrowing Base data quality in Mercatus, and contributing to Quarterly Exposure Reviews. The successful candidate will bring strong analytical and Excel skills, comfort interpreting legal and financial documentation, and the ability to partner effectively with account officers, business unit analysts, Enterprise Risk Management, and other stakeholders. This position offers the opportunity to build deep expertise in fund finance credit risk and portfolio surveillance while helping enhance and automate the processes that support it.

Why this role is important to us

GCF sits in the Investment Services organization within State Street. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.

Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.

What you will be responsible for

• Conduct research and analysis of Limited Partner (LP) information, including reviewing legal and organizational documentation to facilitate the creation of GEMS IDs/UCIs when needed. Perform internal credit ratings and partner with Account Officers to obtain supporting documentation when information is not publicly available.
• Prepare, analyze, and validate weekly surveillance reporting related to LP ratings, including upcoming ratings reviews, outstanding ratings requests, and portfolio coverage metrics used to support business and risk management decisions.
• Support business unit analysts and account officers in the management of subscription credit facilities by assisting with Borrowing Base uploads into Mercatus (Alpha for Private Markets) and performing quality assurance reviews to ensure data accuracy and integrity.
• Partner with Enterprise Risk Management, Internal Audit, regulatory examiners, and other key stakeholders as needed by responding to information requests in a timely and professional manner while maintaining a high standard of client service
• Develop the ability to identify, assess, and escalate key risks and emerging issues to senior management. Work closely with business unit analysts and account officers to support ongoing portfolio monitoring and risk management initiatives.
• Support the automation and enhancement of recurring portfolio and management reporting by identifying manual processes, standardizing data inputs, and developing repeatable reporting solutions using Excel and other approved data and reporting tools.
• Assist with portfolio surveillance activities, including the preparation and review of Quarterly Exposure Review materials for the Capital Call portfolio as needed.
• Gain exposure to credit analysis, risk management, portfolio surveillance, and private markets within Global Credit Finance while working alongside experienced professionals in a collaborative and fast-paced environment

What we value

These skills will help you succeed in this role

· Strong analytical and problem-solving skills.

· Exceptional attention to detail

· Strong organizational and time-management skills

· Ability to research, interpret, and analyze legal and financial documentation

· Proficiency in Microsoft Excel and data management tools

· Strong interpersonal skills and a customer-service mindset

· Demonstrated initiative and intellectual curiosity

Education & Preferred Qualifications

• Undergraduate degree in Finance, Business, Economics, Liberal Arts or related field
• 1-4 years of experience in Financial Services industry

Work Requirement

• Participate in a hybrid work environment, with four days per week in the office and one remote workday in alignment with corporate policy.

Salary Range:

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.

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.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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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.