Us If Making Your Mark In The Financial Services

Financial Services

AlternativeInvestmentServicesBankLoansOperations,SeniorAssociate

$52–94k Boston, Massachusetts, United States; Arlington, Virginia, United States; Miami, Florida, United States; O'Fallon, Missouri, United States; Purchase, New York, United States FULL TIME
Market Sentiment
HIGH DEMAND

Neural analysis suggests this role is
optimal for Senior candidates.

The Brief

“Alternative Investment Services Bank Loans Operations, Senior Associate at Us If Making Your Mark In The Financial Services. Skills: Bank loans operations, Client operations, Process management. Support and assist Client Operations. Monitor and process custody related events”

What You'll Achieve.

Mitigate risk to corporation; Deliver excellent service to clients

Industry & Context.

Financial Services
Problems you'll solve

Problem resolution; Exception resolution; Issue resolution

What They're Looking For.

Must Have

5+ years experience in operations, Experience with bank loans operations

Nice to Have

Experience with alternative assets

What You'll Do.

Support and assist Client Operations

Monitor and process custody related events

Perform daily maintenance and record keeping

Book receipts and disbursements

Perform daily reconciliation of cash balances

Produce daily roll-forward proof of holdings

Prepare standard and ad hoc reporting

Respond to customer queries

Process bank loan notices

Interact with Investment Manager

Input and settle trades

Perform ad hoc requests

Provide daily reporting

Provide Loan related reports

Identify unusual transaction activity

Report and escalate suspicious activity

Research and resolve exceptions and issues

Communicate effectively with client

Define and ensure completion of ad-hoc requests

Escalate unresolved issues to management

Perform daily or weekly reporting functions

Ensure adherence to Standard Operating Procedures

Keep up to date on business knowledge

Assist management in policy implementation

Participate in projects

Assist with workflow management

Make suggestions to streamline operations

Maintain knowledge of alternative procedures

Support training of new hires

Perform other tasks as needed

How You'll Work.

Team & Collaboration

Cross-functional teams; Client operations teams; Shared Service teams; Center of Excellence

Communication Scope

Customer queries; Client communication

Full Job Description

**Why this role is important to us** The team you will be joining is a part of State Street Global Services. Global Services 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 Over The Counter derivatives, private equity and real estate, Global Servies 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 an Alternative Investment Services Bank Loans Operations , Senior Associate, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE’s) by monitoring and processing custody related events to the fund’s records accurately and timely. Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients. * Performs daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients * Processing trades, booking receipts and disbursements * Daily reconciliation of cash balances * Producing daily roll-forward proof of portfolio holdings and accrual information * Preparing standard and ad hoc reporting for both internal and external customers * Responding to customer queries on a daily basis * Daily processing of bank loan notices as received from agent banks, * Interact with the Investment Manager on their assigned portfolios, inputting/settling trades, performing ad hoc requests and providing daily reporting per client specific guidelines * The individual will work closely with their mutual fund counterpart, providing L

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