Bank Loans Settlements Specialist, Senior Associate

STATE STREET CORPORATION; Irvine (CA); On-site; USD 52,000 - 85,000; Full time

Benefits offered by this job

401K plan with company match

Insurance coverage: medical, dental,视视

Paid time off and vacation

Job summary

State Street Corporation seeks a Bank Loans Settlements Specialist, Senior Associate for its Trade Operations team. You will manage the full lifecycle of bank loan trades, ensuring timely processing, settlement, and client reporting in a high‑throughput environment.

The role requires 4+ years in investment operations, familiarity with LSTA/LMA conventions, and a track record of accuracy, issue ownership, and strong communication with clients and counterparties.

Qualifications

• BS/BA in Finance, Economics, or related field.
• 4+ years in investment operations with bank loan trade processing.
• Knowledge of LSTA/LMA par and distressed loan processing.
• Ability to manage high-volume workload in a fast-paced environment.

Responsibilities

• Process and monitor full lifecycle of bank loan trades, including settlement.
• Coordinate timely settlement with client, counterparties, and internal teams.
• Investigate and resolve trade breaks, discrepancies, and failed settlements.
• Prepare daily production metrics and client reporting.
• Support audit requests and contribute to process improvements.

Skills

Bank loan processing

Settlement

Attention to detail

Communication skills

Microsoft Office

Education

BS in Finance or Economics

Bachelor’s degree in Business or related field

Tools

LSTA conventions

LMA conventions

Job description

Who we are looking forState Street is seeking a Bank Loans Settlements Specialist, Senior Associate for our Trade Operations team supporting middle office services for one of our largest and most complex clients.The Bank Loans Settlements Specialist, Senior Associate is responsible for accurate and timely processing, settlement, and reporting of bank loan activity. This role will manage complex settlement matters, partner closely with the client and market participants, and contribute to service delivery, risk reduction, and process improvement initiatives.Why this role is important to usThe team you will be joining is a part of State Street Global Delivery organization. Global Delivery gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.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 forAs Bank Loans Settlements Specialist, Senior Associate you willProcess and monitor the full lifecycle of bank loan trades, including trade capture, confirmation, funding, settlement, and post-settlement follow-up, while resolving manual and automated processing exceptions.Coordinate timely settlement of par and distressed bank loan trades with the client, counterparties, administrative agents, custodians, and internal teams through clear and proactive communication.Maintain complete and accurate trade status commentary, identify settlement blockers, and provide material updates through scheduled client reporting and ad hoc communications.Investigate and resolve trade breaks, cash and position discrepancies, aged items, and failed settlements. Escalate complex or time-sensitive issues with clear facts, ownership, and recommended next steps.Review settlement documentation and key economic details for completeness and accuracy, and support reconciliations across client, agent, counterparty, and internal records.Prepare daily production metrics, aged-trade analysis, risk indicators, and client reporting. Identify trends and actions that improve settlement timeliness and reduce operational risk.Contribute to new business, change, and continuous improvement initiatives, including procedure updates, testing, automation opportunities, and implementation of enhanced controls.Perform all activities in accordance with company policies, client requirements, established controls, and Standard Operating Procedures. Support audit and control evidence requests as needed.Share subject matter knowledge, support cross-training, and provide day-to-day guidance to colleagues while promoting a collaborative, high-accountability service culture.What we valueThese skills will help you succeed in this roleExcellent verbal and written communication skillsDetail oriented critical thinker with proven record for accuracy and problem solvingStrong knowledge of bank loan trade processing and settlement practices, including LSTA and/or LMA conventionsExcellent verbal and written communication skills, with the ability to communicate clearly with clients, counterparties, agents, and internal partnersDetail-oriented critical thinker with a consistent record of accuracy, issue ownership, and practical problem solvingStrong organization, prioritization, time management, and negotiation skillsAbility to manage a high-volume workload, competing deadlines, and ad hoc client requests in a fast-paced, high-touch environmentProficiency in Microsoft Office applications, particularly Outlook, Excel, Word, and PowerPoint; experience with workflow tools or automation is a plusEducation and preferred quaficiationsBS or BA degree in Finance, Economics, or related disciplineBachelor’s degree in Finance, Economics, Business, or a related discipline, or equivalent relevant experienceMinimum 4 years of investment operations experience, including hands-on bank loan trade processing or settlements experienceAdditional requirementsWorking knowledge of LSTA/LMA par and distressed loan processing, settlement documentation, market conventions, and common settlement risks; middle office or large institutional client servicing experience is preferredSalary Range:$52,000 - $84,760 AnnualThe 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 StreetAcross 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/careersRead our CEO StatementJob 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.