Seeking an Experienced Expert in Alternative Investment Services Bank Loans Operations
State Street, one of the world’s largest custodian banks and asset managers, is actively seeking a seasoned professional to fill the role of an Alternative Investment Services Bank Loans Operations Assistant Vice President (AVP). The candidate should have a robust understanding of the intricacies involved in servicing debt held by complex global fund structures within alternative investment services bank loans operations.
The ideal applicant should not only have a background in client management, team management, multi-point reconciliations, fund accounting, and custody, but should also possess expertise in vendor data sourcing and automation. A keen ability to deliver under high-volume work environments and meet aggressive deadlines is crucial to this role, alongside strong critical thinking skills.
The Importance of the AVP Role Within Our Organization
The team that the AVP will join is instrumental in driving our organization’s success. Our global institutional clients rely on us to assist them in risk management, addressing challenges, and enhancing performance and profitability. This role will play a vital part in guiding employees and the organization at large in achieving these objectives.
This position presents an opportunity to contribute to cutting-edge solutions that are straightforward, scalable, and resilient. The AVP will also play an essential role in executing everyday deliverables in the most efficient way possible. This role is ideal for professionals ready to make a significant impact in the financial services industry from day one.
Key Responsibilities of the AVP
The Alternative Investment Services Bank Loans Operations AVP will be responsible for:
- Acting as the primary contact and escalation point for operational issues.
- Resolving inquiries from clients, Client Management, COEs, BU Shared Services, and BU Client Service in a timely manner.
- Maintaining and monitoring open items, issues, logs, project lists, among others.
- Managing the production activities of Client Support Specialists 1, 2, and Senior Specialists.
- Coordinating the implementation of new funds, systems, and processes, and assisting with client conversions and other client projects.
- Identifying and implementing consistent operational best practices.
What We Value In A Candidate
The successful candidate for this role should possess:
- Strong critical thinking, problem-solving, and decision-making abilities.
- Excellent interpersonal skills and the ability to make ethical decisions.
- The ability to work effectively within a team environment, emphasizing collaboration with clients and internal service teams.
Education & Preferred Qualifications
Candidates should meet the following qualifications:
- A BS/BA degree with a minimum of 5-7 years of related experience, preferably in the financial services industry.
- Experience working with the Bank Loan asset class.
- Proficiency with Wall Street Office (WSO).
About State Street
State Street is a leading global custodian bank, asset manager, and asset intelligence company. With more than two centuries of experience, we have been guiding our clients in safeguarding and managing the investments of millions of people. We offer a range of services, including investment servicing, data & analytics, investment research & trading, and investment management to our institutional clients.
Work, Live and Grow With State Street
We strive to create an exceptional work environment. Our benefits packages are competitive and comprehensive, with details varying by location. They typically include generous medical care, insurance, and savings plans. We also provide flexible Work Programs to meet your needs and support your full potential through a wealth of development programs and educational support.
Inclusion, Diversity and Social Responsibility At State Street
At State Street, we recognize the power of diverse backgrounds, experiences, and perspectives as a key contributor to an inclusive environment where everyone can thrive and reach their maximum potential. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity, and personality. We also actively engage with our communities around the world, both as a partner and a leader. We provide tools to 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. Find out more about this opportunity Here.
