Who we are looking for

State Street’s Global Credit Finance (GCF) business is seeking a senior credit leader to serve as Managing Director – Subscription Finance, NAV Lending, Fund of Hedge Funds Lending, and Commercial Real Estate Lending. This role is responsible for providing strategic leadership and market‑driven execution across these four assets classes.

This role sits at the intersection of business strategy, risk management, and client delivery, ensuring that Subscription Finance, NAV Lending, Fund of Hedge Funds Lending, and Commercial Real Estate Lending activities are executed in line with firm risk appetite, regulatory expectations, and internal governance frameworks. The Managing Director will drive portfolio strategy, market engagement, and disciplined lending execution while partnering closely with internal stakeholders to ensure strong portfolio yields and returns, client alignment, and sustainable growth across strategic alternative asset manager clients.

What you will be responsible for

• Lead credit strategy, execution, and portfolio oversight across Subscription Finance, NAV Lending, Fund of Hedge Funds Lending, and Commercial Real Estate Lending, aligned with firm‑wide objectives.
• Ensure effective governance, surveillance, and ongoing oversight of the portfolios, including monitoring of performance and risk trends ensuring appropriate underwriting standards, monitoring, and reporting
• Achieve sustainable growth in U.S. markets, acting as a strategic partner to Private Credit, Private Equity and any other Alts managers and Investment Adviser clients, supporting client engagement and delivery of financing solutions
• Provide executive oversight of the Commercial Real Estate business, including portfolio positioning, market monitoring, and coordination with firm strategy
• Partner closely with Enterprise Risk Management, Legal, Compliance, Finance, and Treasury to support effective risk oversight and regulatory alignment.
• Serve as a senior representative of the business in credit committees and governance forums, ensuring timely escalation and transparency.
• Provide senior leadership in market discussions, client meetings, and internal forums, providing thought leadership on Fund Finance markets and portfolio trends.
• Oversee balance‑sheet deployment across covered businesses, aligning capital usage with both strategic priorities, client demand and risk appetite.
• Lead and develop credit professionals, promoting strong risk culture, growth mindset, accountability and fostering strong performance culture and talent development.

Education & Preferred Qualifications

• 15 + years of experience in Fund Finance and Commercial Real Estate within a regulated financial institution
• Demonstrated ability to build trust and credibly engage with clients to deliver One State Street outcomes
• Deep understanding of credit markets and capital structures
• Strong executive judgment, communication skills, and experience engaging with senior management, regulators  and control functions
• Proven ability to lead teams, engage credibly across a large organization and a range of stakeholders

Preferred Qualifications

• Experience across multiple credit products or platforms within a large financial institution.
• Legal Expertise is a plus

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.

Salary Range:

The range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

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

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.