Credit Officer, Assistant Vice President - Corporate (Finance)

Overview:

State Street's Wholesale Credit Risk - Corporate team, a sector team within the Enterprise Risk Management department, is looking for an experienced and highly motivated risk professional with strong credit analysis, financial modeling, critical thinking and communication skills. The Credit Officer, Assistant Vice President position is primarily focused on the Leveraged Loan market, but also includes exposure to Investment Grade counterparties.

Job Description:

The Credit Risk Officer, Assistant Vice President will be supporting and completing critical risk analysis and credit assessments of underwriting submissions to ensure fit with SSBT's risk appetite for corporate credit counterparties, primarily focused on the Leveraged Loan market. The incumbent will utilize analytical and critical thinking skills to make reasonable, well-informed credit recommendations, working closely with senior credit approvers. Secondary responsibilities include contributing to credit approvals in Corporate Investment Grade portfolio as well as surveillance oversight of all corporate portfolios (including FX). Participates in reporting, as well as strategic projects contributing to business transformation of the Financial Risk Department.

The individual best suited for this role will have demonstrated independence making thoughtful, timely credit recommendations, in close collaboration with senior credit approvers and the business team. A collaborative; strong critical thinker considering both transactional and strategic issues; problem solver; able to interact effectively to influence decision making; effective communicator, able to clearly, concisely articulate conflicting opinions under pressure. There will be frequent exposure to senior management, including preparing and presenting on individual credits and the portfolio.

Responsibilities:

• Reviews and makes recommendations to senior credit approvers on proposed credit exposures to large scale, multi-faceted corporate borrowers typically in complex financial transactions, balancing loan growth initiatives with prudent risk taking. Effective analysis of historical and forecast financials, competitive position, industry dynamics, organizational structure, transaction legal structure, repayment risks, and other critical factors summarized in clear, concise identification of strengths, weaknesses, and key risks. Ensures proposed risk ratings are well supported.
• Contributes to proactive oversight of a portfolio of individual credits, collaborating with senior approvers, staying abreast of periodic financial reporting and events with proactive risk rating recommendations that reflect changes in risk profile. Active surveillance of industry coverage related to assigned borrowers, as well as the general macro environment.
• Identifies and ensures transparency of material credit risk issues, including exceptions, resolving when possible and escalating as appropriate.
• Engagement in the resolution of adversely rated credit exposures.
• Engages with Global Credit Review on internal review and audit activities relevant to the Corporate portfolio.
• Works with the team and senior management in review, enhancement of risk appetite and policy, amid dynamic market and regulatory backdrop.
• Creates various portfolio reports to assist in portfolio oversight efforts.
• Contributor to development and enhancement of risk models
• Contribute in a variety of departmental risk management and project assignments.

Qualifications

• 3-5 years financial services background (6+ overall relevant experience)
• Strong preference for experience in Leveraged Loan markets, transactions; may include commercial lending/bank credit training, investment management, or CLO.
• Analyst supporting business origination team strongly preferred.
• Ability and willingness to challenge status quo, articulate alternate views, and manage constructive conflict, especially in making credit decisions.
• Superior analytical skills for reviewing credit requests, borrower financial performance, cash flow forecast models, market conditions and trends, modeling sensitivities, and other corporate credit related materials.
• Ability to work well both independently and in a team environment, lead collaboratively on time sensitive credit approval requests. Must be able to effectively prioritize multiple assignments.
• Involvement with corporate risk models (PD, LGD, CCAR, Capital) desired
• Ability to work with team members and to develop influencing relationships with others throughout the organization.
• Excellent interpersonal, organizational, presentation and communication skills.
• Familiarity with pertinent terms and conditions and current market standards for credit agreements, ISDAs, and CSAs preferred.
• Excel and PowerPoint proficient, S&P Capital IQ and Bloomberg experience preferred.
• Bachelor's degree or higher preferred.

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

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.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

State Street's Speak Up Line Salary Minimum: 90000Salary Maximum: 142500