As a Bank Loan Specialist, Officer you will. Perform daily maintenance and record keeping for Syndicated and private Bank Loans held in various funds for various AIS clients. Process trades, book receipts and disbursements. Daily reconciliation of cash balances. Produce daily accurate portfolio holdings and accrual information. Respond 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 po... more details
Who we are looking for
The ideal candidate will be able support and assist Client Operations and other operational Shared Service teams / Center of Excellence (COEs) by monitoring and Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients
Why this role is important to us
The team you will be joining is a part of State Street Global Delivery AIS and gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From Middle office, Core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC products, private equity, hedge funds and help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As a Bank Loan Specialist, Officer you will.
- Perform daily maintenance and record keeping for Syndicated and private Bank Loans held in various funds for various AIS clients
- Process trades, book receipts and disbursements
- Daily reconciliation of cash balances
- Produce daily accurate portfolio holdings and accrual information
- Respond 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, inputting/settling trades,
- The individual will work closely with, providing Loan related activity into the final NAV Calculation.
- 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
- 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 with new and current clients. Make suggestions to streamline operations
- Maintain knowledge of current alternative procedures and processes
- Support training of new hires as necessary
What we value
These skills will help you succeed in this role:
- Working knowledge of financial products
- Excellent computer skills
- Superior communication skills
- Ability to work in a fast paced, demanding environment.
Education & Preferred Qualifications
- Bachelor’s degree
- 5+ years of experience working with private bank loans
- Geneva experience required
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help 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.
Salary Range:
$70,000 - $111,250 Annual
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.
