Capital Markets Alts & CRE, Vice President - State Street

Who we are looking for

Global Credit Finance (GCF) is the lending division of State Street. Our mandate is to attract, serve, and retain State Streets clients through the extension of credit, while optimizing the profitability of a portfolio of loans constructed within balance sheet and risk appetite constraints. The VP, Debt Capital Markets- Alternatives within GCF will focus on expanding current alternative assets lending products, which will include, but not be limited to commercial real estate and fund finance structures. This candidate should have capital markets work experience within a financial organization and possess strong verbal and written communication skills for interactions within GCF as well as with internal and external stakeholders, including global business partners and regulators.

Why this role is important to us

The division you will be joining, GCF, plays an important role in the overall success of the organization, generating some of the highest margins and return-on-capital within STT via its lending products. Across the globe, institutional investors rely on us for financing, and to help them manage risk, respond to challenges, and ultimately drive performance and profitability. To make that happen we need to utilize our balance sheet in the most efficient manner possible and a candidate with strong structuring skills, understanding of regulatory capital rules, and in-depth commercial real estate underwriting, will help us grow our margins in this product and potentially others.  Private equity lending is a high growth product for the bank, and this person will work strategically across various teams within GCF to define and accomplish our goals.  You will help us innovate and execute day-to-day deliverables.

You will be responsible for:

• Leading the expansion of credit offerings to alternative asset investor clients, with an initial product focus on the commercial real estate industry.  

• Working collaboratively across the operations, legal, compliance, credit, and sales teams for the commercial real estate and fund finance lending platforms to grow State Street’s alternative assets lending portfolio.  

• Executing on the origination, underwriting, structuring, and closing of loans for the commercial real estate and fund finance portfolios based on credit product guidelines.

• Lead in the presentation and defense of credit recommendations for multiple credit products.

• Work closely with team to continue to develop alternatives investments industry knowledge, lending to funds, as well as underwriting and portfolio management skills.

• Interfacing with STT clients and our banking coverage contacts as well as extensive coordination with our private equity lending team.

What we value:

• Leadership skills to provide direction and support within the team.

• Strong analytical, credit underwriting and problem-solving skills.

• Excellent interpersonal, organizational and communication skills.

• A positive attitude, a client service mindset and high level of attention to detail.

Education & Preferred Qualifications:

• 7+ years of experience in credit markets / private equity / commercial real estate investing.

• Degree in business, economics, finance or liberal arts; MBA or CFA a plus but not required.

• Demonstrated experience working in an environment managing multiple, concurrent deliverables with shifting priorities, demands, and timelines.

• Results oriented ownership mentality, and desire to work within a collaborative, team-driven environment.

• Strong communication skills. Candidate must be comfortable explaining results to both technical and non-technical audiences.

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.

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