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Agency Lending Securities Finance Trader
Agency Lending Securities Finance Trader
Agency Lending Securities Finance Trader
Posted 5 July by
eFinancialCareers
Ended
- Agency Lending Securities Finance Trader
Who we're looking for
A self-motivated and driven individual who:
- Enjoys working on a collaborative, dynamic trading desk
- Is excited to apply analytical skills to help advance our trading strategy
- Has excellent verbal and written communication skills to build relationships with counterparties and clients
- Seeks ways to drive productivity and efficiencies
- Can multi-task whilst recognizing priorities to minimize risk
- Is passionate about finding value in data and skilled in quantitative analysis of large datasets
Why this role is important to us
State Street's award winning Agency Lending team is a market leader in Securities Finance and a flagship product within our Global Markets business.
We offer innovative financing solutions to clients in a $3.97 trillion industry providing liquidity to global financial markets.
We generate over $1.2bn annualised revenue for over 225 active customers including many of the largest sovereign wealth funds, asset managers and pension funds who entrust State Street with over $5 trillion in lendable inventory.
We trade with over 150 banks, brokers and investment managers across 37 lending markets from trading desks in 6 global locations.
Our trading team generates revenue for clients by lending their securities to borrowers in return for fees which accrue over the duration of the loan. Each asset has its own intrinsic value and traders utilise a variety of sources to determine the loan fee for each security. This includes macro- and microeconomic factors, global, sector or company specific news, corporate events, as well as supply and demand dynamics. All datapoints enable us to maximise revenue through pricing and distribution of assets both at the point of execution and throughout the lifecycle of the trade.
What you will be responsible for
As a junior trader in the agency lending trading team in London, you will be lending securities to banks and broker dealers. The trading team is responsible for maximizing returns for global clients through the pricing and distribution of assets as well as maintaining optimal trade rates throughout the lifecycle of the loan.
The successful candidate will:
- Evaluate lending opportunities by assessing supply and demand dynamics for all lendable assets
- Develop and maintain strong and diverse borrower relationships to ensure State Street is their primary partner
- Leveraging your technical and coding skills you will support and drive the development of our electronic trading platform
- Apply your analytical skillset to vast amounts of trade data. Provide quantitative analysis of the lending program identifying themes to discuss with trading, clients, business development and relationship management teams
- Innovate and explore ways to improve current Agency Lending and vendor platforms and processes, including utilizing programming skills to create solutions where required
- Have the opportunity to explore and develop new trade structures, strategies, and collateral types, ensuring State Street Agency Lending remains an industry leader
Agency Lending Trading sits within the broader Financing Solutions business comprising of Agency Lending, Prime Services, FICC and peer-to-peer repo.
Financing Solutions places a strong emphasis on collaboration and talent development and there will be many opportunities to work closely with our Business Development, Client Management, Algorithmic Trading, Technology, Operations and Risk teams. You will be required to build relationships across these teams to maximise successful outcomes.
Qualifications:
- Experience working in a fast-paced, financial markets environment preferred, ideally in, but not limited to, Securities Lending
- A bachelor's degree in a STEM, business or computer science related field. We will also consider recent graduates or exceptional candidates with a strong college academic background
- Knowledgeable in programming languages and eager to advance your skills in: Python/SQL/VBA/Qlikview or equivalent
- Ability to build dashboards using large datasets to identify themes and present talking points to clients and counterparts will be a distinct advantage
- Excellent written and verbal communication and interpersonal skills
- Ability to interact professionally with business leaders and peers across multiple levels of the organisation
- First-class organisational skills and attention to detail
- Strong problem solving, analytical and technical skills
What we offer
- Competitive salary and discretionary bonus
- Paid day off to celebrate your birthday
- Numerous benefits including employer pension contributions, healthcare, salary sacrifice options including cycle to work, electric vehicle, dental plan, childcare vouchers, amongst others
- Wellbeing and health programs
- Diverse range of DEI networks
- Mentoring schemes
- Personal development opportunities and extensive web-based training catalogue
- Global inclusion, global outreach and corporate citizenship programs including volunteering
- Dynamic and diverse international and multi-cultural working environment
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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fu
Reference: 53031070
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