Credit Services, Senior Associate

State Street; Boston (MA); Hybrid; USD 52,000 - 91,000; Full time

Job summary

State Street's Global Credit Finance (GCF) team in Boston seeks a Senior Associate to join the Business Management group. You will partner with senior leaders on strategic initiatives, governance, and operational processes to scale the lending platforms.

The role emphasizes regulatory reviews, data management, and cross-functional collaboration across Private Credit, CLOs, and related facilities, with a hybrid work setup four days in the office and one remote day.

Qualifications

• Undergraduate degree in Finance, Business, Economics, Marketing, or related field
• 1–4 years of experience in the Financial Services industry

Responsibilities

• Conduct regulatory and compliance reviews across GCF's global lending portfolio, gaining exposure to industry regulations and risk management practices.
• Contribute to business process improvement initiatives by documenting workflows, enhancing procedures, and supporting operational efficiencies.
• Support audit, regulatory, and risk remediation efforts, including reviews of legal and business documentation.
• Support the implementation and ongoing execution of a new data management framework for the BDC and Subscription Finance portfolios by coordinating data collection, establishing governance standards, maintaining data lineage and audit-ready documentation to support CECL, CCAR, and other enterprise risk and regulatory reporting initiatives.
• Drive cross-functional efforts to implement new FR Y-14Q reporting requirements, including data sourcing, stakeholder engagement, issue resolution, and establishment of sustainable processes and controls to support regulatory reporting compliance

Skills

Time management

Communication

Analytical thinking

Stakeholder management

Attention to detail

Growth mindset

Education

Undergraduate degree in Finance, Business, Economics, Marketing, or related field

Tools

Microsoft Excel

Microsoft PowerPoint

Job description

What Is Global Credit Finance

Global Credit Finance (GCF) is State Street’s lending business, helping clients access financing solutions while supporting the growth of the firm. GCF manages more than $100 billion in lending commitments across a variety of products and serves clients around the world.

Global Credit Finance (GCF) is State Street’s lending business, helping clients access financing solutions while supporting the growth of the firm. GCF manages more than $100 billion in lending commitments across a variety of products and serves clients around the world. GCF is made up of more than 150 employees across the U.S., Europe, and Asia, with offices in Boston, Irvine, London, Munich, Gdansk, Luxembourg, and Bangalore. GCF works with a diverse range of financing solutions, including private markets lending, private credit, liquidity and leverage facilities for investment funds, CLOs, municipal finance, commercial real estate, corporate lending, and other specialized financing products. Our mission is to build strong client relationships by providing capital and financing solutions while generating income and diversification for State Street.

Who We Are Looking For

We are seeking a highly motivated, intellectually curious, and proactive Senior Associate to join the Global Credit Finance (GCF) Business Management team. The ideal candidate combines strong analytical and organizational skills with a strategic mindset, exceptional attention to detail, and the ability to manage multiple priorities in a fast-paced environment.

This highly visible role sits at the intersection of business management, client strategy, and operational execution, providing broad exposure across GCF's lending platforms, including Private Credit, CLOs, Capital Call Facilities, Investment Advisor Facilities, and other credit products. The successful candidate will partner closely with senior leaders and stakeholders across the division to support strategic initiatives, business planning, client engagement efforts, financial management, reporting, governance, and operational processes that enable the business to scale and operate effectively.

Why this role is important to us

GCF sits in the Investment Services organization within State Street. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.

Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.

What You Will Be Responsible For

• Conduct regulatory and compliance reviews across GCF's global lending portfolio, gaining exposure to industry regulations and risk management practices.
• Contribute to business process improvement initiatives by documenting workflows, enhancing procedures, and supporting operational efficiencies.
• Support audit, regulatory, and risk remediation efforts, including reviews of legal and business documentation.
• Support the implementation and ongoing execution of a new data management framework for the BDC and Subscription Finance portfolios by coordinating data collection, establishing governance standards, maintaining data lineage and audit-ready documentation to support CECL, CCAR, and other enterprise risk and regulatory reporting initiatives.
• Drive cross-functional efforts to implement new FR Y-14Q reporting requirements, including data sourcing, stakeholder engagement, issue resolution, and establishment of sustainable processes and controls to support regulatory reporting compliance

What We Value

• Strong organizational and time management skills, with the ability to prioritize multiple projects and deadlines.
• Excellent written, verbal, and interpersonal communication skills.
• Proficiency in Microsoft Office applications, particularly Excel and PowerPoint.
• Strong analytical and problem-solving skills, with the ability to think critically and identify practical solutions.
• Ability to manage multiple stakeholders and collaborate effectively across teams.
• Self-motivated, detail-oriented, and willing to take ownership and initiative.
• Eagerness to learn new products, business processes, and industry concepts while maintaining a positive, growth-oriented mindset.

Education & Preferred Qualifications

• Undergraduate degree in Finance, Business, Economics, Marketing, or related field
• 1-4 years of experience in Financial Services industry

Work Requirement

• Participate in a hybrid work environment, with four days per week in the office and one remote workday in alignment with corporate policy.

Salary Range

$52,000 - $91,000 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.

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 Street

Across 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.

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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.

Job ID: R-800197