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Agency Lending Securities Finance Trader

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State Street

Jul 5, 2024

Applications are closed

  • Job
    Full-time
    Mid Level
  • Banking & Finance
  • London

Requirements

  • 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

Responsibilities

  • 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

FAQs

What is the primary role of an Agency Lending Securities Finance Trader at State Street?

The primary role involves lending securities to banks and broker dealers, maximizing returns for global clients through optimal pricing and distribution of assets, and maintaining optimal trade rates throughout the lifecycle of the loans.

What skills are essential for success in this position?

Essential skills include strong analytical abilities, proficiency in programming languages (such as Python, SQL, VBA, or Qlikview), excellent verbal and written communication skills, and the ability to multitask while managing risk.

What educational background is preferred for applicants?

A bachelor's degree in a STEM, business, or computer science-related field is preferred, although recent graduates or exceptional candidates with a strong academic background may also be considered.

Does this role require prior experience in securities lending?

While experience in a fast-paced financial markets environment is preferred, particularly in securities lending, it is not strictly required, especially for exceptional candidates or recent graduates.

What does the Agency Lending team at State Street focus on?

The Agency Lending team focuses on providing innovative financing solutions, maximizing revenue for clients by lending their securities, and utilizing comprehensive market data and analysis to optimize trading strategies.

What programming skills are advantageous for this role?

Knowledge of programming languages such as Python, SQL, VBA, and Qlikview is advantageous. Candidates are also encouraged to develop their coding skills to support the trading team's technical needs.

How does collaboration play a role in this position?

Collaboration is key in this position as the trader will work closely with various teams—such as Business Development, Client Management, and Technology—to maximize successful outcomes and improve trade structures and strategies.

What types of clients does State Street’s Agency Lending team serve?

The Agency Lending team serves a diverse client base, including large sovereign wealth funds, asset managers, pension funds, and over 225 active customers who entrust State Street with significant lendable inventory.

What are the potential career development opportunities in this role?

There are extensive personal development opportunities, including mentoring schemes, training programs, and the chance to innovate and explore new trade structures, strategies, and collateral types.

What kind of benefits does State Street offer for the Agency Lending Securities Finance Trader role?

Benefits include a competitive salary and discretionary bonus, paid time off to celebrate birthdays, employer pension contributions, healthcare options, wellbeing programs, diverse DEI networks, and opportunities for community involvement through corporate citizenship programs.

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State Street

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
10,001+
Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.