Overview:

State Street’s Wholesale Credit Risk – Corporates 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, Officer position is primarily focused on the Leveraged Loan market, but also includes exposure to Investment Grade counterparties.

Job Description:

The Credit Risk Analyst, Officer will be supporting and completing critical risk analysis and credit assessments of underwriting submissions to ensure fit with 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.

Responsibilities:

· Reviews and makes recommendations to senior credit approvers on proposed credit exposures to large scale, multi-faceted global 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.

· 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.

· Contribute in a variety of departmental risk management and project assignments.

Qualifications:

· 1-3 years credit risk background (5+ overall financial services 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.

· 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.

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.

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