State Street
Alternative Investment Services Bank Loans Operations, Senior Associate
State Street, Kansas City, Missouri, United States, 64101
Alternative Investment Services Bank Loans Operations, Senior Associate
Join State Street as an Alternative Investment Services Bank Loans Operations, Senior Associate. The team you will be joining is a part of Alternative Investment Services Bank Loans Operations, which gives asset owners and managers access to essential financial tools. From core custody, accounting, fund administration, and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets, our tools help clients make better investment choices. What You Will Be Responsible For
As an Alternative Investment Services Bank Loans Operations, Senior Associate, you will support Client Operations and other operational Shared Service teams by monitoring and processing custody-related events to the fund’s records accurately and timely. Your responsibilities will include: Performing daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios Processing new trades and trade settlements on accounting records Daily reconciliation of cash balances Producing daily roll-forward proof of portfolio holdings and accrual information Preparing standard and ad hoc reporting for both internal and external customers Responding to customer queries on a daily basis Daily processing of bank loan notices as received from agent banks Interacting with the Investment Manager on assigned portfolios, performing ad hoc requests, and providing daily reporting per client-specific guidelines Identifying unusual or potentially suspicious transaction activity and reporting or escalating in accordance with corporate policy Researching and tracking resolution exceptions and issues Receiving and resolving inquiries in a timely and accurate manner Defining and ensuring successful completion of ad-hoc requests Escalating unresolved issues to management as required Performing daily or weekly reporting functions for the team’s activities Ensuring adherence to Standard Operating Procedures Keeping up to date on broader internal/external business issues and applying knowledge across the team Assisting management in implementing new policies and procedures and participating in projects Assisting with workflow management and technology enhancements and making suggestions to streamline operations Maintaining knowledge of current alternative procedures and processes Supporting training of new hires as necessary What We Value
To succeed in this role, you will need: Strong critical thinking, problem-solving, and decision-making skills 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 Education & Preferred Qualifications
We require a BS/BA degree and a minimum of 1-3 years of related experience, preferably in the financial services industry. Experience working with the Bank Loan asset class is required, and proficiency with Wall Street Office (WSO) is preferred. Salary Range
The salary range for this role is $52,000 - $94,120 Annual. State Street is an Equal Opportunity Employer and considers 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.
#J-18808-Ljbffr
Join State Street as an Alternative Investment Services Bank Loans Operations, Senior Associate. The team you will be joining is a part of Alternative Investment Services Bank Loans Operations, which gives asset owners and managers access to essential financial tools. From core custody, accounting, fund administration, and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets, our tools help clients make better investment choices. What You Will Be Responsible For
As an Alternative Investment Services Bank Loans Operations, Senior Associate, you will support Client Operations and other operational Shared Service teams by monitoring and processing custody-related events to the fund’s records accurately and timely. Your responsibilities will include: Performing daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios Processing new trades and trade settlements on accounting records Daily reconciliation of cash balances Producing daily roll-forward proof of portfolio holdings and accrual information Preparing standard and ad hoc reporting for both internal and external customers Responding to customer queries on a daily basis Daily processing of bank loan notices as received from agent banks Interacting with the Investment Manager on assigned portfolios, performing ad hoc requests, and providing daily reporting per client-specific guidelines Identifying unusual or potentially suspicious transaction activity and reporting or escalating in accordance with corporate policy Researching and tracking resolution exceptions and issues Receiving and resolving inquiries in a timely and accurate manner Defining and ensuring successful completion of ad-hoc requests Escalating unresolved issues to management as required Performing daily or weekly reporting functions for the team’s activities Ensuring adherence to Standard Operating Procedures Keeping up to date on broader internal/external business issues and applying knowledge across the team Assisting management in implementing new policies and procedures and participating in projects Assisting with workflow management and technology enhancements and making suggestions to streamline operations Maintaining knowledge of current alternative procedures and processes Supporting training of new hires as necessary What We Value
To succeed in this role, you will need: Strong critical thinking, problem-solving, and decision-making skills 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 Education & Preferred Qualifications
We require a BS/BA degree and a minimum of 1-3 years of related experience, preferably in the financial services industry. Experience working with the Bank Loan asset class is required, and proficiency with Wall Street Office (WSO) is preferred. Salary Range
The salary range for this role is $52,000 - $94,120 Annual. State Street is an Equal Opportunity Employer and considers 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.
#J-18808-Ljbffr