Private Credit and Structured Product Solutioning Lead, VP

STATE STREET CORPORATION; Boston (MA); On-site; USD 110,000 - 208,000; Full time

Benefits offered by this job

401K with company match

Medical, dental, vision

Long-term disability

Paid time off

Employee Assistance Program

Performance-based awards

Tax-advantaged savings plans

Job summary

State Street Corporation in Boston is seeking a Vice President to lead Private Credit and Structured Products, driving client solutions and product strategy. You will work with fund administration, loan services, custody, and analytics to create value for credit managers.

Reporting to the Managing Director of Private Credit Product, the role requires strong leadership, financial acumen, and cross-functional project management. State Street offers competitive compensation and inclusive benefits.

Qualifications

• Bachelor’s degree required (Finance, Business or Accounting preferred).
• 7+ years experience desirable in Private Credit and/or Structured Product; experience in asset servicing or from within Private Credit and Fund employers is desirable.
• Strong critical thinking, problem solving, and decision making skills.
• Demonstrated experience managing projects and collaborating across teams.

Responsibilities

• Client solutioning and growing Private Credit and Structured Products offering; contribute to end-to-end platform development.
• Collaborate with commercial and operating teams to drive superior outcomes for State Street and clients.
• Provide subject matter expertise on end-to-end Private Credit operating model and technology stack.
• Develop solutions for complex clients and ensure critical design assumptions are well explored.

Skills

Years of experience

Private Credit

Structured Products

Critical thinking

Problem solving

Decision making

Project management

Cross-functional collaboration

Education

Bachelor’s degree in Finance, Business or Accounting

Job description

Across the globe, institutional investors rely on State Street to help them manage risk, respond to challenges through solutions, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged professionals are essential to our success. Our commitment to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

Position Overview

Private Credit has been the fastest growing sub-segment of the Private Markets industry over the past several years. This is expected to continue as more firms see direct/private lending as a way to create portfolio yields that are uncorrelated to public markets; as traditional lending banks continue to face capital constraints and overheads; and as insurance companies seek structured loans and yields to feed their annuity businesses. In addition to direct lending, the definition of Private Credit continues to expand to other areas such Real Estate, Infrastructure and other areas of Asset Based Financing. Private Credit as an asset class also lends itself to multiple jurisdictions and various structures, including traditional closed ended funds, private hybrid funds, SMAs and registered semi-liquid fund structures such BDC’s, Interval Funds, ELTIF’s, etc which will result in broader distribution of these products into wealth channels, and thus more growth. This Vice President position will report to the Managing Director of Private Credit Product in State Street’s institutional services division. The position will also collaborate closely with operating teams providing fund administration, loan services, custody, transfer agency, trustee services and analytics to credit managers. Additionally the position will collaborate with State Street’s global markets credit lending and finance team to combine on client value chain strategies across asset servicing and credit finance. The Private Credit and Structured Product Solutioning Lead role will have responsibility for contributing to the evolution and evangelism of our go-to-market strategy for asset servicing capabilities superior to global competitors in all major regions, and regions and will have a key role in the firm’s ability to capture the above-mentioned growth levels.

Responsibilities

Client solutioning and continuing to grow our Private Credit and Structured Products offering are the main responsibilities of this role, as well as participation in the product development and management of the private credit end to end platform. You will collaborate closely with commercial teams and operating teams to drive superior outcomes for State Street and our global private equity clients. Provide subject matter expertise – have a solid understanding of the end-to-end Private Credit strategic operating model and technology stack. Ability to develop solutions that can be deployed for complex clients. Drive solutions – partner with teams across our global organization to define and solution critical deals and to ensure that the relevant subject matter experts are consulted, and that critical design assumptions and strategic options are thoroughly explored. Research & Market Analysis – Ensure key competitor intelligence is updated continuously, and emerging industry trends are captured where relevant. Partner with the business development and relationship management organizations to develop a robust pipeline. Drive business development, including providing support in Request for Information / Proposals, ensuring quality responses.

Job Requirements and Minimum Qualifications

Bachelor’s degree required (Finance, Business or Accounting preferred) 7+ years experience desirable Private Credit and or Structured Product experience needed; either from asset servicing, or directly from within Private Credit and Fund employers Critical thinking, problem solving, and decision making skills Demonstrable experience managing projects and collaborating across teams.

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.

Salary Range

$110,000 - $207,500 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.

Benefits

• 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)
• eligibility for certain tax advantaged savings plans

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.

Equal Opportunity Employer

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.