State Street · 1 month ago
Alternative Investment Services Bank Loans Operations, Senior Associate
Quincy, Massachusetts
Full-time
Onsite
Entry, Mid Level
$52K/yr - $94K/yr
1+ years expState Street is a global leader in financial services, providing essential tools for investment solutions. The Alternative Investment Services Bank Loans Operations, Senior Associate will support Client Operations by processing custody-related events, ensuring timely problem resolution, and delivering excellent service to clients.
BankingFinanceFinancial Services
Responsibilities
Performs daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients
Processing new trades and trade settlements on accounting records
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 on a daily basis
Daily processing of bank loan notices as received from agent banks
Interact with the Investment Manager on their assigned portfolios, 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 the course of 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 track resolution 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
Other tasks as needed
Qualification
Required
BS/BA degree required
Must have a minimum of 1-3 years of related experience, preferably in financial services industry
Experience in working with Bank Loan asset class required
Proficiency with Wall Street Office (WSO)
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
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
State Street offers a range of financial services, including investment management, research and trading, as well as asset management.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$12.05B2025-10-23Post Ipo Debt· $1B
2025-04-24Post Ipo Debt· $2B
2025-02-06Post Ipo Equity· $750M
Leadership Team
Ronald O'Hanley
Chairman and Chief Executive Officer
R
Renee LaRoche-Morris
Senior Vice President, Chief of Staff to the COO; Head of CAO Services
Recent News
2026-01-09
2026-01-09
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