Alternative Investment Services Bank Loans Operations, Assistant Vice President Custody jobs in United States
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State Street · 5 months ago

Alternative Investment Services Bank Loans Operations, Assistant Vice President Custody

State Street is one of the largest custodian banks and asset managers in the world, dedicated to helping clients manage risk and drive performance. The role involves overseeing operations related to Alternative Investment Services, acting as the primary contact for operational issues, and ensuring timely resolution of client inquiries.

BankingFinanceFinancial Services

Responsibilities

Act as primary contact and escalation point for operational issues
Receive and resolve inquiries from client, Client Management, COEs, BU Shared Services and BU Client Service and ensure timely resolution
Maintain and monitor open items, issues, logs, project lists…
Address custom client requests, manage production activities of Client Support Specialists 1, 2 and Senior Specialists
Coordinate the implementation of new funds, systems and processes. Assist with client conversions and other client projects
Identify and implement consistent operational best practices

Qualification

Client managementFund accountingBank Loan asset classWall Street Office (WSO)Multi-point reconciliationsVendor data sourcingAutomationTeam managementCritical thinkingInterpersonal skills

Required

Deep understanding of the complexities of servicing Alternative Investment Services Bank Loans Operations debt held in complex global fund structures
Background in client management, team management, multi-point reconciliations, fund accounting, custody, vendor data sourcing and automation
Strong critical thinking skills and an ability to meet aggressive deadlines in high volume work environment
Act as primary contact and escalation point for operational issues
Receive and resolve inquiries from client, Client Management, COEs, BU Shared Services and BU Client Service and ensure timely resolution
Maintain and monitor open items, issues, logs, project lists
Address custom client requests, manage production activities of Client Support Specialists 1, 2 and Senior Specialists
Coordinate the implementation of new funds, systems and processes
Assist with client conversions and other client projects
Identify and implement consistent operational best practices
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
BS/BA degree required
Minimum of 5-7 years of related experience, preferably in financial services industry
Experience in working with Bank Loan asset class required
Proficiency with Wall Street Office (WSO)

Benefits

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)
Eligibility for certain tax advantaged savings plans

Company

State Street

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State Street offers a range of financial services, including investment management, research and trading, as well as asset management.

Funding

Current Stage
Public Company
Total Funding
$12.05B
2025-10-23Post Ipo Debt· $1B
2025-04-24Post Ipo Debt· $2B
2025-02-06Post Ipo Equity· $750M

Leadership Team

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Ronald O'Hanley
Chairman and Chief Executive Officer
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Renee LaRoche-Morris
Senior Vice President, Chief of Staff to the COO; Head of CAO Services
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Company data provided by crunchbase