Bank Loans Settlements Specialist, Senior Associate

Who we are looking for State Street is seeking a Bank Loans Settlements Specialist, Senior Associate for our Trade Operations team supporting middle office services for one of our largest and most complex clients. The Bank Loans Settlements Specialist, Senior Associate is responsible for accurate and timely processing, settlement, and reporting of bank loan activity. This role will manage complex settlement matters, partner closely with the client and market participants, and contribute to service delivery, risk reduction, and process improvement initiatives. Why this role is important to us The team you will be joining is a part of State Street Global Delivery organization. Global Delivery gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities. 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 As Bank Loans Settlements Specialist, Senior Associate you will Process and monitor the full lifecycle of bank loan trades, including trade capture, confirmation, funding, settlement, and post-settlement follow-up, while resolving manual and automated processing exceptions. Coordinate timely settlement of par and distressed bank loan trades with the client, counterparties, administrative agents, custodians, and internal teams through clear and proactive communication. Maintain complete and accurate trade status commentary, identify settlement blockers, and provide material updates through scheduled client reporting and ad hoc communications. Investigate and resolve trade breaks, cash and position discrepancies, aged items, and failed settlements. Escalate complex or time-sensitive issues with clear facts, ownership, and recommended next steps. Review settlement documentation and key economic details for completeness and accuracy, and support reconciliations across client, agent, counterparty, and internal records. Prepare daily production metrics, aged-trade analysis, risk indicators, and client reporting. Identify trends and actions that improve settlement timeliness and reduce operational risk. Contribute to new business, change, and continuous improvement initiatives, including procedure updates, testing, automation opportunities, and implementation of enhanced controls. Perform all activities in accordance with company policies, client requirements, established controls, and Standard Operating Procedures. Support audit and control evidence requests as needed. Share subject matter knowledge, support cross-training, and provide day-to-day guidance to colleagues while promoting a collaborative, high-accountability service culture.

These skills will help you succeed in this role Excellent verbal and written communication skills Detail oriented critical thinker with proven record for accuracy and problem solving Strong knowledge of bank loan trade processing and settlement practices, including LSTA and/or LMA conventions Excellent verbal and written communication skills, with the ability to communicate clearly with clients, counterparties, agents, and internal partners Detail-oriented critical thinker with a consistent record of accuracy, issue ownership, and practical problem solving Strong organization, prioritization, time management, and negotiation skills Ability to manage a high-volume workload, competing deadlines, and ad hoc client requests in a fast-paced, high-touch environment Proficiency in Microsoft Office applications, particularly Outlook, Excel, Word, and PowerPoint; experience with workflow tools or automation is a plus Education and preferred