Securities Finance: Agency Lending US Equity Trading

State Street Global Advisors Boston , MA 02298

Posted 2 months ago

Agency Lending: US Equity Trader

Officer Boston, MA

Job Summary

State Street's Securities Finance (SF) division encompasses three products: Agency Lending, Enhanced Custody (EC), and Alternative Financing Solutions (AFS). These products allow State Street clients to generate income, facilitate short sales, or generate financing through the lending and borrowing of securities.

The Agency Lending product is a long-established business and State Street is considered an industry leader in this space. It is a $3.97 trillion global business that generates liquidity for global financial markets and additional yield for clients. Clients lend unutilized securities to a borrower in return for other securities or cash collateral and the borrower pays a basis point fee for the duration of the loan.

This role resides on the US Equity Agency Lending desk in Securities Finance. This group is responsible for the distribution and pricing of all equity loans in the US market. The role will be dually focused with responsibilities for both trading the day to day book and also providing quantitative analysis of the lending program.

This position also grants access to the State Street Numerates Network (S2N2) which is distributed group across the firm with the purpose of developing talent. Participation in this group provides senior mentorship, exclusive events and specialized training. It promotes cross-pollination of ideas in quantitative disciplines and paves the way for mobility and opportunities around the firm.

Job Responsibilities

  • Distribution and pricing of new/existing loans

  • Generate superior Return to Lendable for our client base by optimizing revenue through a combination of utilization and price

  • Build and maintain strong broker relationships

  • Creative thinking around new trading structures, strategies and collateral types in an effort to help State Street be the premier agent lender in the market

  • Work in conjunction with our business partners to develop a data aggregation tool from both internal/external sources in effort to increase trade level visibility and help drive trading strategy

  • Participation in S2N2

Qualifications

  • Bachelor's degree in business, finance, or related discipline

  • Minimum 2-3 years' experience in a relevant role, preferably securities finance

  • Strong communication (written and oral) and interpersonal skills; with the ability to interact with multiple levels of the organization

  • Ability to work both independently and as a member of a team

  • Superior problem solving, analytical and technical skills: experience analyzing, understanding and merging large data sets to uncover correlations and construct algorithmic trading strategies; comfortable with ambiguity and able to make decisions with imperfect and missing data

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Securities Finance: Agency Lending US Equity Trading

State Street Global Advisors