What are the responsibilities and job description for the Credit Officer, Assistant Vice President (Private Equity and Private Debt Funds) State Street position at Nasphq?

STATE STREET CORPORATION

JOB DESCRIPTION

1. ROLE : Assistant Vice President– Private Equity and Private Debt Funds – Credit Officer

Manage credit risk for a portfolio of Private Equity / Private Debt by conducting credit reviews, performing risk ratings, continuous monitoring, and ad-hoc analyses. Maintain data, characteristics, and risk metrics for funds and counterparties in Risk and Dealing systems to ensure control and accurate exposure reporting.

2. MAJOR RESPONSIBILITIES :

Undertake credit analysis on a portfolio of private equity / private debt funds utilizing strategies across multiple lending and trading products (including Revolving Credit Facilities, NAV Loans, FX and so forth) for State Street’s direct and custody clients
Perform / Review annual risk ratings, utilizing analytics and various metrics, within State Street’s Basel-compliant models
Review and analyse deal proposals presented by the business unit for PE Funds / Private Credit Funds.
Participate in due diligence calls and review annual renewals of existing counterparties
Support relevant workstreams during the annual Comprehensive Capital Analysis and Review (CCAR) exercise
Provide monthly / quarterly reporting related to the portfolio for various committees
Ongoing monitoring and management of the credit quality of the client portfolio, identifying trends and recommending action when necessary
Develop and apply knowledge of risk metrics and characteristics that impact a fund’s relative risk (including strategy, performance, financials, investor base, and historical trends) and utilize in analysis, ratings, and reviews
Propose adjustments to limit sizes and tenors based on reasoned analysis together with business requirements and utilization history
Develop strong knowledge and act as a super user of State Street’s Risk systems and principal trading systems, particularly with respect to exposure methodologies, key risks, account and limit structuring, and reporting
Review and understand limit exceptions reports, investigate causes, propose remediation action, and resolve upon consensus and approval
Build knowledge of the content and structuring of legal documentation governing trading businesses
Propose and implement enhancements to the credit approval and risk management processes
Establish and maintain procedure and working documents
Establish a close working relationship with the Front Office Business Teams, as well as other internal groups, to ensure effective and efficient communication of all relevant matters
Support the business in new product / portfolio expansion initiatives

3. REQUIREMENTS :

Education and Experience

Preferred 4 years of counterparty credit risk management in a global financial institution, or related experience, with a broad knowledge of credit and capital market products; Bachelors in Business, Finance, or relevant field. MBA and / or CFA (or equivalent) beneficial but not required.

Skills / Knowledge

These skills will help you succeed in this role :

Critical thinking and analytical skills with the goal of identifying and managing key risks impacting the portfolio, including macroeconomic, market, and counterparty-specific risks

Ability to establish a close working relationship with the front office business unit and other teams across the organization

Strong verbal, written, and presentation skills

Self-motivated and able to work independently

Excellent time-management skills with the ability to prioritize competing demands

Knowledge of the various fund types and their associated risk profiles essential

Knowledge of lending and trading products credit products associated with the portfolios required

Excellent Excel skills and reporting capabilities

High level of credit analytical skill sets (qualitative and quantitative)

Working knowledge of State Street’s credit rating and limit management systems, and credit policies, preferred

Ability to demonstrate persistence and see tasks through to their conclusion. Able to self-motivate, and thrive in a dynamic environment

Salary Range :

90,000 – $142,500 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.

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Salary : $90,000 - $142,500

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Credit Officer, Assistant Vice President (Private Equity and Private Debt Funds) State Street

What are the responsibilities and job description for the Credit Officer, Assistant Vice President (Private Equity and Private Debt Funds) State Street position at Nasphq?

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