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 to apply for the
Alternative Investment Services Bank Loans Operations, Senior Associate
role at
State Street
4 days ago Be among the first 25 applicants
Why this role is important to us The team you will be joining is part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder record‑keeping to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.
What You Will Be Responsible For
Performs daily maintenance and record keeping for syndicated bank loans held in various mutual fund and other structured portfolios for various SSC clients
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
Interact with the investment manager on their assigned portfolios, performing ad‑hoc requests and providing daily reporting per client‑specific guidelines
Provide loan‑related reports to be incorporated into the final NAV calculation
Identify and report any unusual or potentially suspicious transaction activity and/or escalations in accordance with corporate policy and guidelines
Research and track resolution of exceptions and issues
Receive and resolve inquiries in a timely and accurate manner and communicate effectively with client when necessary
Define and ensure successful completion of ad‑hoc requests
Escalate unresolved issues to management as required
Perform daily or weekly reporting functions for the team’s activities
Ensure adherence to standard operating procedures
Keep up to date on broader internal/external business issues; apply knowledge across team
Assist management in the implementation of new policies and procedures, participate in projects
Assist with workflow management and technology enhancements; make suggestions to streamline operations
Maintain knowledge of current alternative procedures and processes
Support training of new hires as necessary
Other tasks as needed
What We Value
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
BS/BA degree required. Must have a minimum of 1–3 years of related experience, preferably in the financial services industry
Experience in working with bank loan asset class required
Proficiency with Wall Street Office (WSO)
Salary Range $52,000 – $94,120 Annual
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long‑term disability; paid‑time off including vacation, sick leave, short‑term disability, family care; access to an Employee Assistance Program; incentive compensation including eligibility for annual performance‑based awards; and eligibility for certain tax‑advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street 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 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.
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.
Job ID R-780776
Referrals increase your chances of interviewing at State Street by 2x
#J-18808-Ljbffr
Alternative Investment Services Bank Loans Operations, Senior Associate
role at
State Street
4 days ago Be among the first 25 applicants
Why this role is important to us The team you will be joining is part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder record‑keeping to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.
What You Will Be Responsible For
Performs daily maintenance and record keeping for syndicated bank loans held in various mutual fund and other structured portfolios for various SSC clients
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
Interact with the investment manager on their assigned portfolios, performing ad‑hoc requests and providing daily reporting per client‑specific guidelines
Provide loan‑related reports to be incorporated into the final NAV calculation
Identify and report any unusual or potentially suspicious transaction activity and/or escalations in accordance with corporate policy and guidelines
Research and track resolution of exceptions and issues
Receive and resolve inquiries in a timely and accurate manner and communicate effectively with client when necessary
Define and ensure successful completion of ad‑hoc requests
Escalate unresolved issues to management as required
Perform daily or weekly reporting functions for the team’s activities
Ensure adherence to standard operating procedures
Keep up to date on broader internal/external business issues; apply knowledge across team
Assist management in the implementation of new policies and procedures, participate in projects
Assist with workflow management and technology enhancements; make suggestions to streamline operations
Maintain knowledge of current alternative procedures and processes
Support training of new hires as necessary
Other tasks as needed
What We Value
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
BS/BA degree required. Must have a minimum of 1–3 years of related experience, preferably in the financial services industry
Experience in working with bank loan asset class required
Proficiency with Wall Street Office (WSO)
Salary Range $52,000 – $94,120 Annual
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long‑term disability; paid‑time off including vacation, sick leave, short‑term disability, family care; access to an Employee Assistance Program; incentive compensation including eligibility for annual performance‑based awards; and eligibility for certain tax‑advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street 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 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.
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.
Job ID R-780776
Referrals increase your chances of interviewing at State Street by 2x
#J-18808-Ljbffr