ROLE: Assistant Vice President– Private Equity/Debt and Structured Products – Credit Officer

Manage credit risk for a portfolio of Private Equity, Private Debt and Structured Products by conducting credit reviews, performing risk ratings, continuous monitoring, and ad-hoc analyses. Maintain data, characteristics, and risk metrics for funds and counterparties in Risk and Dealing systems to ensure control and accurate exposure reporting.

2.   MAJOR RESPONSIBILITIES:

    

Undertake credit analysis on a portfolio of private equity/private debt  funds CLOs and private credit securitizations, utilizing strategies across multiple lending and trading products (including Revolving Credit Facilities, NAV Loans, FX and so forth) for State Street’s direct and custody clientsPerform/Review annual risk ratings, utilizing analytics and various metrics, within State Street’s Basel-compliant modelsReview and analyse deal proposals presented by the business unit for PE Funds, CLOs, middle market/private credit securitizations, and stable value wrap contractsParticipate in due diligence calls and review annual renewals of existing counterpartiesSupport relevant workstreams during the annual Comprehensive Capital Analysis and Review (CCAR) exerciseProvide monthly/quarterly reporting related to the portfolio for various committeesOngoing monitoring and management of the credit quality of the client portfolio, identifying trends and recommending action when necessaryDevelop and apply knowledge of risk metrics and characteristics that impact a fund’s relative risk (including strategy, performance, financials, investor base, and historical trends) and utilize in analysis, ratings, and reviewsPropose adjustments to limit sizes and tenors based on reasoned analysis together with business requirements and utilization historyDevelop strong knowledge and act as a super user of State Street’s Risk systems and principal trading systems, particularly with respect to exposure methodologies, key risks, account and limit structuring, and reportingReview and understand limit exceptions reports, investigate causes, propose remediation action, and resolve upon consensus and approvalBuild knowledge of the content and structuring of legal documentation governing trading businessesPropose and implement enhancements to the credit approval and risk management processesEstablish and maintain procedure and working documentsEstablish a close working relationship with the Front Office Business Teams, as well as other internal groups, to ensure effective and efficient communication of all relevant mattersSupport the business in new product/portfolio expansion initiatives

3.   REQUIREMENTS:

Education and Experience 

Preferred 4+ years of counterparty credit risk management in a global financial institution, or related experience, with a broad knowledge of credit and capital market products; Bachelors in Business, Finance, or relevant field. MBA and/or CFA (or equivalent) beneficial but not required.

Skills/Knowledge  

These skills will help you succeed in this role

Critical thinking and analytical skills with the goal of identifying and managing key risks impacting the portfolio, including macroeconomic, market, and counterparty-specific risksAbility to establish a close working relationship with the front office business unit and other teams across the organizationStrong verbal, written, and presentation skillsSelf-motivated and able to work independentlyExcellent time-management skills with the ability to prioritize competing demandsKnowledge of the various fund types and their associated risk profiles essentialKnowledge of lending and trading products credit products associated with the portfolios requiredExcellent Excel skills and reporting capabilitiesHigh level of credit analytical skill sets (qualitative and quantitative)Working knowledge of State Street’s credit rating and limit management systems, and credit policies, preferredAbility to demonstrate persistence and see tasks through to their conclusion. Able to self-motivate, and thrive in a dynamic environment

Salary Range:

$90.000 - $142.500 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.

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.

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