Subscription Finance, 6 Months Full-time… at State Street · Boston

Summary: State Street is one of the largest custodian banks and asset managers in the world, and they are seeking a Subscription Finance Intern. The intern will assist Account Officers in the due diligence process and underwriting of subscription credit facilities, as well as maintain credit and legal files and respond to information requests. Responsibilities: - Assist Account Officers in due diligence process and underwriting of subscription credit facilities - For accounts where assisting the Account Officer: exercise appropriate diligence in credit underwriting process, with ability to independently analyze financial statements and other information pertinent to the borrower - Assist Account Officer in the presentation and defense of credit recommendations clearly and concisely - Assist in maintenance of up-to-date approvals, credit and legal files - Respond to requests for information from Enterprise Risk Management, internal audit and bank examiners; maintain high responsiveness and service quality across internal constituencies - Work with Loan Operations and customers as appropriate to facilitate operational aspects of credit relationship - Demonstrate the ability to identify, prioritize and escalate critical issues to senior management - Work closely with loan officers to continue to develop industry knowledge as well as underwriting and portfolio management skills, understanding of policies and procedures for credit and portfolio administration, and management of the legal documentation process - May also be relied upon to handle assigned projects Required Qualifications: - Assist Account Officers in due diligence process and underwriting of subscription credit facilities - For accounts where assisting the Account Officer: exercise appropriate diligence in credit underwriting process, with ability to independently analyze financial statements and other information pertinent to the borrower - Assist Account Officer in the presentation and defense of credit recommendations clearly and concisely - Assist in maintenance of up-to-date approvals, credit and legal files - Respond to requests for information from Enterprise Risk Management, internal audit and bank examiners; maintain high responsiveness and service quality across internal constituencies - Work with Loan Operations and customers as appropriate to facilitate operational aspects of credit relationship - Demonstrate the ability to identify, prioritize and escalate critical issues to senior management - Work closely with loan officers to continue to develop industry knowledge as well as underwriting and portfolio management skills, understanding of policies and procedures for credit and portfolio administration, and management of the legal documentation process - May also be relied upon to handle assigned projects - Demonstrated expertise in credit markets, commercial loan structuring, risk assessment, and legal documentation - Strong analytical, credit underwriting and problem-solving skills - Excellent interpersonal, organizational and communication skills - Experience in subscription credit facility origination/underwriting - Knowledge of FX Derivatives and other capital markets a plus - Familiarity with KYC/AML - A positive attitude, a client service mindset and high level of attention to details - Strong excel skills and prior Salesforce experience is desirable - Pursuing a degree in Business, Economics, Finance or Liberal Arts Required Skills: Credit markets expertise, Credit underwriting skills, Risk assessment Important Skills: Legal documentation, Subscription credit facility, FX Derivatives knowledge, KYC/AML familiarity Nice-to-Have Skills: Analytical skills, Excel skills, Salesforce experience, Client service mindset, Problem-solving skills, Interpersonal skills, Organizational skills, Communication skills, Attention to detail Internship Start Date: Start in 2026 Summer Benefits: 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), Eligibility for certain tax advantaged savings plans, Paid volunteer days, Matching gift programs, Access to employee networks that help you stay connected to what matters to you