Head of Global Credit Finance & Lending, EVP
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Locations: Boston, Massachusetts
Time Type: Full time
Posted on: Posted 6 Days Ago
Time Left to Apply: End Date: October 18, 2024 (17 days left to apply)
Job Requisition ID: R-758409
As an essential partner to institutional investors, State Street Corporation’s purpose is to help create better outcomes for the world’s investors and the people they serve. Our clients — asset managers and owners, insurance companies, official institutions, and central banks —rely on us to deliver solutions that support their goals across the investment life cycle.
Servicing nearly 10 percent of the world’s assets, we give asset managers and owners, insurance companies, official institutions, and central banks access to an exclusive perspective on how markets are trending — helping them stay ahead of change — and a breadth of products and services to drive business performance.
With deep expertise across the investment lifecycle, our specialists are here to solve clients’ toughest challenges with the latest best practices and proven solutions. Pairing more than 230 years of experience with insights from our academic partners and macro experts, we continue to lead industry thinking and help clients make smarter decisions.
Who Are We Looking For?
Reporting to the Vice Chair and CFO of State Street, the Global Head of Credit Finance and Lending (GCF) will lead the bank’s global credit finance division, driving strategic growth initiatives, managing risk, and overseeing the credit portfolio to ensure alignment with the bank’s objectives. This role requires a seasoned leader with extensive experience in lending, credit finance, risk management, and strategic planning. The leader will oversee almost $40 billion lending portfolio with $100 billion of undrawn lines.
Key Responsibilities:
- Develop and execute a global credit finance and lending strategy that aligns with the bank's vision and business objectives.
- Oversee the credit risk management framework to ensure effective identification, assessment, and mitigation of credit risks and global lending activities.
- Identify and capitalize on new opportunities in credit finance to drive growth and profitability.
- Manage and optimize credit finance operations, including credit assessment, approval processes, and portfolio management.
- Ensure compliance with regulatory requirements and internal policies to mitigate credit and operational risks.
- Lead and mentor a global team of lending professionals, fostering a high-performance culture.
- Collaborate with senior management, regional leaders, and other departments to align lending strategies with overall business goals.
- Build and maintain relationships with key clients, industry stakeholders, and regulatory bodies.
- Monitor and analyze lending performance metrics, financial results, and market trends.
- Drive innovation in lending products and services to meet evolving market demands and customer needs.
Job Requirements and Minimum Qualifications:
- Minimum of 15 years of experience in credit finance, with at least 5 years in a senior leadership role.
- Strong understanding of global credit finance markets, global lending markets, risk management, and regulatory frameworks.
- Excellent leadership, communication, and strategic thinking skills.
- Proven ability to manage large teams and drive business growth.
- Demonstrated experience working in a collaborative, entrepreneurial organization.
- Strong financial aptitude and capacity combined with a high degree of intellectual curiosity.
- Effective communication and presentation skills at all levels.
Salary Range: $300,000 - $412,500 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.
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