Credit Services, MD

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.

• 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.

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

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.

Salary Range: $170,000 - $282,500 Annual 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.

As an Equal Opportunity Employer, we consider all qualified applicants for all…