Functional Specialist Entry Level Bank Loan Specialist, Associate 2
Location:
Posted:
November 22, 2016
Reference:
148259
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.
Our promise 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.
State Street is an Affirmative Action/ Equal Opportunity Employer/Vet/Disability.

Job Description
As a Bank Loan Specialist, Associate 2, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE's) by monitoring and processing custody related events to the fund's records accurately and timely.  Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients.
Job Duties and Responsibilities
Prepare periodic financial statements:
 
  • Performs daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients
  • Processing trades, booking receipts and disbursements
  • Daily reconciliation of cash balances
  • Producing daily roll-forward proof of portfolio holdings and accrual information
  • Preparing standard and ad hoc reporting for both internal and external customers
  • Responding to customer queries on a daily basis
  • Daily processing of bank loan notices as received from agent banks,
  • Interact with the Investment Manager on their assigned portfolios, inputting/settling trades, performing ad hoc requests and providing daily reporting per client specific guidelines
  • The individual will work closely with their mutual fund counterpart, providing Loan related reports to be incorporated into the final NAV Calculation.
  • During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
  • Other tasks as needed.


Qualifications
As a Bank Loan Specialist, Associate 2, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE's) by monitoring and processing custody related events to the fund's records accurately and timely.  Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients.
Job Duties and Responsibilities
Prepare periodic financial statements:
 
  • Performs daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients
  • Processing trades, booking receipts and disbursements
  • Daily reconciliation of cash balances
  • Producing daily roll-forward proof of portfolio holdings and accrual information
  • Preparing standard and ad hoc reporting for both internal and external customers
  • Responding to customer queries on a daily basis
  • Daily processing of bank loan notices as received from agent banks,
  • Interact with the Investment Manager on their assigned portfolios, inputting/settling trades, performing ad hoc requests and providing daily reporting per client specific guidelines
  • The individual will work closely with their mutual fund counterpart, providing Loan related reports to be incorporated into the final NAV Calculation.
  • During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
  • Other tasks as needed.


Job Opening ID
148259

Location
Boston, MA

Closing Statement
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