Who we are looking for
State Street's Enhanced Custody (EC) is an alternative to prime brokerage and is a platform that allows clients to borrow securities and finance from a segregated custody account. This structure can reduce counterparty risk, offers additional transparency, and provides more control over assets. The result is a more efficient and cost-effective way to manage alternative investment strategies. EC has been in business for over ten years, has a global client base, continues to experience exponential growth, and is currently one of the fastest growing products within State Street. We are looking for a Securities Finance Trader to help us manage the existing book of business and grow our share in a competitive market landscape.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As a Securities Finance Trader, Global Markets, Assistant Vice President you will:
- Borrow and lend securities to cover and manage our clients' short positions- Interact with clients and provide security-specific and general color on the securities lending market- Provide locates for new short positions and manage these positions throughout the lifecycle of the trade- Interact with interbank market for repo financing business.- Work closely with partner teams in client management, business development, and product development to deliver an exceptional product experience for our clients- Familiarize yourself with the functions of the trading team, then later add value by improving processes to optimize efficiency for the group
What we value
These skills will help you succeed in this role- Superior problem solving, analytical and technical skills- Experience working in fast-paced, front office financial markets environment (Prime Brokerage experience a plus); deeply engaged and comfortable with the markets and trading- Outstanding communication (written and oral) and interpersonal skills; ability to interact professionally with business leaders and technical teams alike- Extremely flexible with a "do anything mentality"; creative and willing to challenge current paradigms- Proficiency in Bloomberg and Microsoft Office, specifically Excel.
Education & Preferred Qualifications- Bachelor's degree- Minimum 2-5 years of experience
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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
State Street is an equal opportunity and affirmative action employer.
- Health insurance