Who we are looking for

Investment Oversight Analyst, VP, will provide investment oversight support for the investment management and other functions of SSGA and SSGA Funds Management, Inc. The ideal candidate will have subject matter expertise in all asset classes but primarily Collateralized Loan Obligation (CLO) and Private Credit asset types. The candidate must have a proven experience in implementing and monitoring client and regulatory guidelines as well as trade oversight on these products.  This role will report into North America Head of Investment Oversight.

Why this role is important to us

The team you will be joining is a part of State Street Global Advisors, one of the biggest asset managers in the world, that provides services to the world’s governments, institutions and financial advisors across the globe. With over four decades of experience and trillions of dollars in assets under management, we offer one of the broadest selections of services across asset classes, risk profiles, regions and styles. As pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest.

Join us if making your mark in the asset management industry from day one is a challenge you are up for.

Private Credit and Collateralized Loan Obligation (CLO) projects responsibilities:

Get familiarity with the current infrastructure and identify additional needs to effectively monitor private credit and CLO investmentsClearly communicate any missing data or system requirements to IT, data and  vendor teams that will lead to effective monitoring of private credit and CLO investmentsSet up guideline rules to monitor Private Credit and CLO investmentsClearly communicate IT, data and system requirements to IT, data and system teams that will lead to coding rules to monito these asset classesCoaching the team on the nuance of the asset classes and the workflows

In addition to these, the candidate will also have the below broader Investment Oversight responsibilities.

Investment Oversight Responsibilities:

Reading governing documents such as Fund Regulatory governing documents and Investment Management Agreements; identifying and resolving interpretive issues, and reviewing investment restrictions;Extracting compliance restrictions from governing documents for new accounts and amendments, and coding those restrictions into the compliance systems;Completing required new account/amendment documentation, including obtaining all necessary signatures, prior to effective date;Developing, testing, and implementing automated rules within the monitoring systems (Sentinel, CRD, Bloomberg, Aladdin and Virtus) and manual monitoring procedures for non-automated rules;Performing pre and post trade compliance monitoring for all asset classes on commingled funds, separately managed accounts, and registered funds;Analyzing compliance breach trends, identify root causes, and resolve potential systemic issues, including recommending process design improvements and operational efficienciesLead projects with IT, Data, and system vendors to identify ways to further enhance automation in the compliance systems; This includes but is not limited to:Assist in coding and testing rules in the compliance moduleAssist in coding Broker rules and broker module rule maintenanceReview fund assignments and coding standards for go-live readinessPartner with PM teams on CUAT testing/support of compliance rulesAid in the continued gathering/maintenance of IO business requirementsAid in the continued support and analysis of IO data asks/mappingsUnit and integration testing of compliance rulesAssist in the development of solutions to address business requirementsDrive and assist in various testing activities:Develop and refine effective and appropriate test cases for unit and regression testingExecution of unit and regression testsRemediation of issues identified in testingProvide production expertise and supportBridge gap between business, IT, and compliance vendors for business supportManage and provide support to completion of new account/amendment onboarding process to ensure that appropriate reviews and sign-offs are timely obtainedTracking new account and amendment onboarding status, providing reporting and updates to management;Manage and provide support to completion of new account/amendment onboarding process to ensure that appropriate reviews and sign-offs are timely obtainedTracking new account and amendment onboarding status, providing reporting and updates to management;Developing or enhancing policies and procedures related to compliance processes, with a focus on establishing globally consistent best practices;Lead reviews with internal and external auditors to facilitate controls reviews;Lead in Project work (reviewing regulatory fund docs, compliance system coding/testing, etc..)Conduct client/local regulator meetings

These skills will help you succeed in this role

Ability to work under pressureAbility to read governing compliance documents such as IMAs and Prospectus/SAIDemonstrated communication and interpersonal skillsStrong analytical skills and organizational skillsAttention to detailAbility to work independently and collaboratively with various levels of the organizationStrong work ethic

Education & Preferred Qualifications

Bachelor's degree in Finance, Accounting or Economics is preferred10+ years’ experience in the investment management field including experience in investment portfolio compliance or other areas of complianceCompliance Platform (Sentinel/CRD) hands on rule coding experienceProficient in BloombergProficient in Microsoft Word and ExcelKnowledge of local regulations as it pertains to rule coding and monitoring of accounts

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street Global Advisors

What We Do. As the asset management arm of State Street Corporation, State Street Global Advisors has served the world’s governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become one of the world’s largest asset managers with trillions of dollars under our care.

Our Mission. At State Street Global Advisors our mission is to invest responsibly to enable economic prosperity and social progress. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.

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.

Company: State Street Global Advisors

Salary Range:

$110,000 - $177,500 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.

State Street's Speak Up Line