Description

Who we are looking for

The Global Credit Finance (GCF) division at State Street provides a range of financial solutions to support clients across the bank. We are a global division with approximately 150 employees in various locations worldwide.

The Asset Owner and Insurance Lending team within GCF provides liquidity and credit solutions to a diverse set of State Street clients across the asset owner and insurance segments, including municipalities, non-profits, corporates, and insurance companies. We are seeking a Vice President to serve as the credit officer responsible for independent credit risk oversight across this portfolio. The role spans the full credit lifecycle, encompassing underwriting, credit approval, and ongoing portfolio surveillance, with responsibility for maintaining strong credit quality and adherence to risk standards.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.

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 an Asset Owner and Insurance Lending VP in Global Credit Finance you will be responsible for the following:

• Oversee credit approval process for new credit exposures and modifications, including renewals, amendments, and waivers, supported by comprehensive written credit analyses and clear risk recommendations
• Monitor portfolio credit quality through ongoing surveillance, annual reviews, internal risk ratings, and proactive identification and escalation of emerging risks
• Ensure adherence to credit policies and underwriting standards, advising on policy enhancements as needed
• Prepare reporting, analytics, and management updates on portfolio, including any watch list exposures, for senior management and risk committees, as appropriate
• Train and provide mentorship to junior staff on credit processes

What we value

These skills will help you succeed in this role

• Strong first line credit risk expertise
• Excellent analytical and communication (written and verbal) skills
• Effective collaboration with relationship managers and internal partners
• Sound credit judgment in applying policies and risk appetite to individual exposures and the broader portfolio
• Understanding of banking regulations and compliance requirements applicable to commercial lending

Education & Preferred Qualifications

• Bachelor's degree in finance, business, economics, accounting, or a related field; MBA, CFA, or similar advanced credential preferred
• 8-10 years of credit experience in a commercial lending environment, including corporate, municipal, insurance, and/or not-for-profit exposures
• Formal credit training program experience preferred

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program 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 perspective 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 the 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 program 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.

Discover more at StateStreet.com/careers

Salary Range:
$120,000 - $202,500 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.

Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); 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 essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

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.

Discover more information on jobs at StateStreet.com/careers

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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.", "salary_raw": "Row(double=None, string=None)"}