Private Credit and Structured Product Solutioning Lead, VP

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.

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.

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