Assistant Vice President
Not Disclosed•Full-TimeOn-site
location_onPiaget Avenue, Clifton, Passaic County, New Jersey, 07011, United States
About the Team
State Street is a global financial services firm where institutional investors rely on us to manage risk, respond to challenges, and drive performance. Within the Alternative Investment Services Group, the Private Markets Fund Administration Department operates the Alternative Investment Solutions Loans Unit (ALU). This dynamic and growing business unit handles critical, time-sensitive controls, executions, and decisions for the investment book of records, trade execution, settlements, and lifecycle events. The team acts as a vital partner to clients, managing direct relationships with several large fund managers while interacting with internal and external stakeholders across the organization.
About the Role
As an Assistant Vice President in the AIS Loans Unit, you will bridge the gap between operational execution and strategic client management. This role is designed for a professional who thrives on making an impact from day one, balancing significant managerial responsibilities with hands-on delivery of services. You will manage consistent, high-quality service delivery across all regions, overseeing internal workflows, client deadlines, and the development of client relationships with vendors and internal development teams.
Your day-to-day involves leading ad hoc projects, driving efficiencies through technological enhancements, and ensuring the integrity of cash and position reconciliations. You will assist senior management in implementing a new Global Operating Model for the Private Credit product line while maintaining a proactive awareness of client needs. Success in this position requires the ability to perform under pressure, direct multiple tasks simultaneously, and identify unusual transaction activity in accordance with corporate guidelines.
Join Our Culture
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 will benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks. We believe that smart, engaged employees are essential to our continued success, and we strive to keep our clients at the heart of everything we do.
State Street is 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.
Application Process
To apply, please visit StateStreet.com/careers. For more information regarding our comprehensive benefits program, including retirement savings, insurance coverage, and incentive compensation, visit our HR portal. Please note that it is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment.
Work location
Work model: On-site
Piaget Avenue, Clifton, Passaic County, New Jersey, 07011, United States
Clifton, New Jersey
Key Responsibilities
- check_circleDevelop and maintain cash and position reconciliations for fund accounting teams
- check_circleLead ad hoc projects based on client needs or internal process changes
- check_circleIdentify and escalate unusual or potentially suspicious transaction activities
- check_circleUphold company policies and procedures while ensuring team training needs are met
- check_circleImplement new global operating models within the private credit product line
- check_circleBuild and develop relationships with clients, vendors, and internal development teams
- check_circleManage high-quality service delivery to clients across all regions and service functions
- check_circleCreate efficiencies through technological enhancements and process improvements
- check_circleOversee internal workflows and ensure adherence to client deadlines
- check_circleReview and prepare various client-related correspondence and communications
Requirements
- verifiedDegree in Accounting, Finance, or Business-related area (minimum 2.2 honors degree)
- verifiedACCA/CIMA/ACA/CPA qualified or part qualified
- verifiedMinimum 4+ years experience at management level
- verifiedIn-depth knowledge of Private and Syndicated Loans, Notes, Private Bonds
- verifiedStrong knowledge of Geneva software
- verifiedIT Literate
Nice to Have
ACCA/CIMA/ACA/CPA qualified, or part qualified
Benefits & Perks
check_circle401K retirement savings plan with company matchcheck_circleInsurance coverage including basic life, medical, dental, vision, and long-term disabilitycheck_circlePaid-time off including vacation, sick leave, short term disability, and family care responsibilitiescheck_circleAccess to Employee Assistance Programcheck_circleEligibility for annual performance-based incentive compensation awardscheck_circleEligibility for certain tax advantaged savings planscheck_circlePaid volunteer days
