Who we are looking for Under the supervision of the Assistant Vice President, the Structured Trust and Analytics, Senior Associate, is responsible for the day to day activities for a particular set of investment vehicles…
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$52k–$94k/yr
Full-time
bachelor degree
Retirement savings plan, 401k, Medical care, Dental insurance, Vision insurance, Life insurance
Posted 19d ago
Apply by Oct 2
~40 hrs/week
Responsibilities
The Senior Associate manages day-to-day activities for investment vehicles, including calculating CLO tests and preparing waterfall disbursements. They also liaise with collateral managers to strengthen relationships and assist in onboarding new deal closings.
Requirements
Candidates must have a bachelor's degree in accounting, finance, or economics and at least 2 years of experience in an investment firm. Proficiency in Excel-based modeling and experience with legal documentation like Indentures are essential.
Full job description
Who we are looking for
Under the supervision of the Assistant Vice President, the Structured Trust and Analytics, Senior Associate, is responsible for the day to day activities for a particular set of investment vehicles. Candidates should have some understanding of Structured Finance Transactions, have a strong client focus, be able to do well under pressure and successfully manage multiple assignments at one time
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 for
Liaise with Collateral Managers to strengthen relationships and generate new business leads
Assist in onboarding new deal closings per New Deal Setup Procedures
Review analyst workflow
Train staff on proper servicing techniques
Assist management team with metrics and other administrative items
Perform analyst functions as necessary:
Run hypothetical trades per client instruction
Execute Excel/Solvas models to calculate CLO Concentration, Coverage, and Collateral Quality Tests
Prepare quarterly waterfall disbursements
Advance relationships with clients, investors and internal groups within State Street
Participate in special projects as assigned.
What we value
These skills will help you succeed in this role
A strong work ethic and a positive attitude
Excellent time management skills and ability to prioritize deadline-driven workflow
Ability to work well within a small group and operate independently on short- and long-term goals
Detail-oriented and a natural problem solver; have the resolve to independently research problems and offer solutions
Excellent intrapersonal & communication skills – via phone and email
Passion for improving systems and processes
Education & Preferred Qualifications
Bachelor’s degree required, preferably in accounting, finance, or economics
2+ years of experience working within an investment firm
Managing and manipulating large amounts of data in Excel
Creating Excel-based models to measure various tests and parameters outlined in legal documents, preferable related to CLOs/Bank Loans
Comprehending and interpreting legal documentation such as Indentures and Offering Memorandums
Working with credit instruments (senior secured loans and high yield bonds); and communicating with clients.
Systems: Wall Street Office, MS Excel, MS Outlook, Solvas, LoanOps Portal, My State Street, Bloomberg, LS Fax, Collaborate
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
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.
Discover more at StateStreet.com/careers
Salary Range:
$52,000 - $94,120 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.
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.
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.
At State Street, we deliver leading investment platforms, data, expertise, and solutions that accelerate performance and better decision making.
With over 200 years of global financial leadership, we equip institutional investors through a comprehensive suite of capabilities:
Investment Services: Integrated front-to-back solutions across custody, accounting, and operations.
Investment Management: Index and active strategies from one of the world’s largest asset managers.
Markets: Multi-asset trading, FX solutions, and data-driven research to enhance portfolio value.
Who We Are
• 50,000+ employees worldwide
• Active in 100+ markets
• #1 in ETF servicing
What You’ll Find Here
• Executive perspectives and thought leadership
• Timely market commentary and macro insights
• Our views on investment operations, ETFs, private markets, and digital finance
• Stories reflecting our culture, values and commitment to diversity and inclusion
Offices: 1 Congress St, Boston, Massachusetts 02114, US · Avenida Paulista, 283/287, Sao Paulo , 01311-000, BR · 3550 Lenox Road, NE, 15th Floor, Atlanta, Georgia 30326, US · 801 Cassatt Road, Suites 211 and 300, Berwyn, Pennsylvania 19312, US · East 3rd Ring Road, Unit 01-02, 15F, East Tower No.1, Chaoyang, Beijing 100020, CN