Global Head Of Private Credit/Clo, MD

Global Credit Finance (GCF) Head of Private Credit and CLO Lending, Managing Director

Across the globe, institutional investors rely on State Street to help them manage risk, respond to challenges through solutions, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged professionals are essential to our success.

For over two decades, State Street's Global Credit Finance (GCF) has been committed to partnering with the world's most sophisticated asset managers and institutions in order to help them reach their goals through providing a broad array of liquidity and financing solutions. With over $100B in committed facilities, our scale and global reach allows GCF to deliver both thoughtful insights and creative solutions. We focus on cultivating collaborative partnerships with our clients while actively optimizing returns for the Bank's balance sheet.

Why this role is important to us

GCF is seeking a Global Head of Private Credit and CLO Lending, responsible for management of a ~$10B and growing Private Credit/CLO portfolio and leading a team of subject matter experts who originate, structure, negotiate and execute financing solutions for the world's leading asset managers. This team works in close collaboration with both the Bank's relationship management group and the second line of defense to achieve its goals.

The Boston-based position, reports to the SVP of Private Credit, Corporate Credit, Muni Finance, and Stable Value Wrap and is a member of the senior leadership team, and as such will play an important role in influencing GCF's overall strategic and product direction. The applicant should have significant private credit experience and CLO/Structured Products experience and an understanding of State Street's role, value proposition, visibility, evolving client needs and industry developments in the Private Credit and CLO markets.

What you will be responsible for:

• Lead, mentor and develop a high performing, global team working with strategic clients to drive cross sell opportunities

• Work with colleagues in Relationship Management to identify and progress client opportunities through product education, identification of solutions to meet client needs

• Work with colleagues across GCF products to deliver consistent and crisp messaging and a coordinated and collaborative approach to client management and revenue generation

• Develop multi-year strategic plans to marry Bank's risk appetite and growth strategy with a focus on balance sheet optimization

• Demonstrate a sound understanding and focus on risk excellence in managing a portfolio of complex credit and legal risk associated with the private credit and CLO lending portfolios; communicate with impact with regulators

• Work extensively with the second line of defense to establish policy and risk appetite and ongoing surveillance of the underlying portfolio; ensure sound risk, conduct and controls to support sustainable performance

• Drive opportunities for process improvements, efficiencies and execution

Education and Preferred Qualifications:

• MBA or advanced degree preferred

• Minimum of 10 years of experience in Private Credit / Structured Product, with a proven track record and experience in driving and closing complex transactions

• Demonstrated ability to analyze risks and benefits of different courses of action - ensure that solutions fall within State Street's risk appetite

• Builds trust and collaborates with key internal stakeholders through excellent communication skills and ability to work as One State Street

• Strong knowledge and network of key contacts in the industry

• Ability to operate effectively across markets globally

• Demonstrated understanding of the importance of pro-active, transparent and constructive relationships

• Inspirational leader of people who builds and leverages diverse talent that consistently delivers against targets

• Demonstrated ability to provide fresh insights, is resilient, a change leader. A strong negotiator that influences courageously

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:

$175,000 - $287,500 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.