Bank Loans - Senior Associate
State Street · Posted Oct 8
Investment servicing, custody, asset management, and trading solutions for institutional investors
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About the role
State Street is a global financial services provider serving institutional investors with custody, fund accounting and related operations. The Bank Loans team supports Client Operations and operational Shared Service teams/Centers of Excellence by monitoring and processing custody-related events into fund records. This role covers loan syndication (LSTA & LMA) secondary loan trading, participation trades, accounting and custody reconciliation, including trade processing, cash reconciliation, reporting, exception research and client interaction.
What you will do
- Processing trades, booking receipts and disbursements
- 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 daily
- Daily processing of bank loan notices as received from agent banks
- Interact with the Investment Manager on their assigned portfolios, inputting/settling trades, performing ad hoc requests and providing daily reporting per client specific guidelines
- The individual will work closely with their mutual fund counterpart, providing Loan related reports to be incorporated into the final NAV Calculation.
- During normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
- Research and resolve exceptions and issues
- Receive and resolve inquiries in a timely and accurate manner and communicates 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; applies knowledge across team
- Assist management in the implementation of new policies and procedures, participates 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
Skills used in this role
What the employer is looking for
- Bachelor / Masters in Accounting/MBA Finance
- Ability to adhere to strict timelines
- Good interpersonal and communication skills
- Ability to work under tight timelines
- Willing to work in NA shifts.
Benefits and support
- Inclusive development opportunities
- Flexible work-life support
- Paid volunteer days
- Employee networks
About State Street
State Street Corporation is a leading global financial services holding company providing institutional investors with investment servicing, investment management, and investment research and trading. Operating in more than 100 geographic markets worldwide, the company manages and administers trillions of dollars in assets through its core divisions like State Street Global Advisors and State Street Alpha. Headquartered in Boston, Massachusetts, it traces its origins back to 1792.
- Industry
- Financial Services
- Company size
- 51000+ employees
- Founded
- 1792-06-25
- Location
- Boston, Massachusetts, USA
- Funding stage
- Public Company
Leadership
Chairman and Chief Executive Officer
John Woods
Chief Financial Officer
Mostapha Tahiri
President of State Street Alpha & Chairman of Asia Pacific
Ann Fogarty
Enterprise Chief Operating Officer
President and Chief Executive Officer of State Street Investment Management
Recent coverage
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