Electronic Trading Strategist, Agency Lending, Vice President

State Street • Boston, MA

18h • Hybrid

About The Position

Electronic Trading Strategist, Agency Lending, Vice President Who We Are Looking For: Agency Lending Electronic Trading is responsible for connecting one of the industry’s largest pools of institutional lending supply to borrower demand, enabling low-touch market interaction across venues and bilateral channels, researching and implementing quantitative models that drive business performance, and delivering trader-facing platforms through which automated strategies are monitored and controlled. Our vision is to be the world’s most connected, seamless, and intelligent lender – defining the future of securities finance with technology-enhanced trading and data-driven strategies that efficiently mobilize and monetize client assets We take pride in contributing to industry modernization by promoting standards, best practices and the adoption of new technologies – actively participating in various working groups and committees. We are searching for a Vice President to join our team. This role will be based out of our corporate headquarters located in Boston, Massachusetts, USA with a frequent-hybrid onsite requirement of 4-days per week. Why This Role Is Important To Us: The team you will be joining is a part of State Street Markets (SSM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to the SSM business unit. As our investment research and trading arm, SSM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world. Join us if making your mark in the capital markets industry from day one is a challenge you are up for. What You Will Be Responsible For: As a Vice President on our Agency Lending Electronic Trading team, you will shape and execute quantitative securities finance trading strategies, drive advancements to our automated trading platform and e-markets connectivity, and collaborate across the firm and broader industry to advance our competitive positioning. The position will focus primarily on North American equities, credit, and rates electronic trading, but will liaison with global team members across Europe and Asia, as well.

Requirements

• 5+ years of experience in securities finance trading, quantitative research, or technical product management is a requirement.
• Proficiency in at least one scripting language (Python, R, etc.) is a requirement.
• An undergraduate degree in Computer Science, Mathematics, Statistics, Engineering, Economics, Finance, or a related quantitative discipline is a requirement.
• A strong understanding of securities lending trading dynamics, market structure, regulation, and technology is a requirement.
• A solid grasp of bank capital, liquidity, and leverage constraints and how they impact securities finance businesses is a requirement.
• Outstanding written and verbal communication skills and the ability to distill complex, technical concepts into succinct, digestible executive language is a requirement.
• A demonstrated ability to drive alignment between cross-functional trading, product, engineering, and quant teams is a requirement.

Nice To Haves

• Experience using Databricks on AWS for real-time streaming analytics and artificial intelligence workloads is a plus.
• Experience with a production systems language (Java, C++, etc.) is a plus.
• A graduate degree (MS, MBA, MFE, or similar) is a plus.

Responsibilities

• Research and implement quantitative models to drive pricing, inventory management, trading, risk, and resource management decisions for the agency securities lending business.
• Collaborate with local voice traders, researchers, and fellow strategists to translate market insights into robust, data-driven strategies.
• Independently lead large, cross-functional projects spanning platform enhancements, pricing, market microstructure, and behavioral research, venue integrations, analytics, performance benchmarking, and more.
• Collaborate closely with our Technology partners to bring strategies from prototype to production, evolve our platform, integrate with new trading venues, and troubleshoot production issues.
• Communicate with stakeholders across Technology, Product and Platform, Sales and Client Management, and Trading regarding new features, models, and other notable developments within the team.
• Monitor and manage the automated trading system during U.S. hours – acting as the primary point of contact for counterparties and internal desks, leading issue resolution, proactively seeking optimizations, and escalating tactical decisions appropriately.
• Mentor local team members, guiding fellow colleagues through structured, group assignments while sharing your knowledge and instilling risk excellence behaviors.
• Establish and maintain relationships with equity and fixed income finance traders, quants, and product owners across our counterparties in North America.
• Closely monitor the North American cash equities, credit, and rates markets, evaluating and communicating perceived opportunities and risks to the team.
• Stay abreast of securities finance industry new, trends, and market color in North America, continuously seeking to educate both yourself and your colleagues.

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
• For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees