Agency E-Trader, Assistant Vice President
Onsite - London, UK
Who we are
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 annualized 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.
Want more jobs like this?
Get jobs in London, United Kingdom delivered to your inbox every week.
Our global trading team executes loans both manually and electronically, leveraging data-driven insight for best execution. Each asset has unique value; both traders and trading algos utilize a variety of data sources to determine the loan fee for each security, which includes macro- and microeconomic factors, global, sector or company specific news, corporate events, as well as supply and demand dynamics.
The intersection of manual trading and the use of and ongoing development of trading algorithms, deployed across automated trading processes is our competitive advantage and how we create alpha for clients.
Who we're looking for
A self-motivated and driven individual who:
- Has a passion for financial markets and interest in working on a collaborative, dynamic trading desk
- Wants to operate with an ownership mindset, driving demonstrable results in the markets and products you trade
- Is naturally curious, enjoy diving into complex data sets, and are motivated by uncovering insights that help drive business outcomes
- Is comfortable with coding, developing algorithms, and leveraging technology to improve trading performance and trading efficiency
- Can clearly communicate complex technical concepts to both technical and non-technical stakeholders, build strong relationships with counterparties and clients, and collaborate effectively across teams
What you'll be doing
As a trader in the agency lending trading, you will lend securities to banks and broker dealers. The trading team is responsible for maximizing returns for global clients while optimizing the use of financial resources.
The successful candidate will:
- Develop and maintain strong and diverse borrower relationships to ensure State Street is their primary partner
- Design and maintain advanced data analytics dashboards, leveraging tools like Python, SQL, or Qlikview to present real-time trading insights and help inform trading decisions
- Have the opportunity to explore and develop new trade structures, strategies, and collateral types, ensuring State Street Agency Lending remains an industry leader
- Support the automation of trading processes through the use of coding and algorithmic strategies, improving efficiency and scalability
- Implement data-driven strategies to help capture market trends, optimizing trade execution, and enhancing trade performance
- Develop back-testing frameworks to evaluate the effectiveness of trading strategies and suggest continuous improvements based on quantitative analysis and results
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 maximize successful outcomes.
Qualifications:
Experience working in a fast-paced, financial markets environment preferred, ideally in, but not limited to, Securities Lending
- 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
State Street's Speak Up Line