Head of Agency Lending eTrading, Vice President

State Street•Boston, MA

9d•Hybrid

About The Position

The Agency Lending Electronic Trading team is responsible for connecting one of the industry’s largest pools of institutional lending supply to borrower demand. This involves enabling low-touch market interaction across venues and bilateral channels, researching and implementing quantitative models that drive business performance, and delivering platforms through which automated strategies are monitored and controlled. The team's 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 client assets. They contribute to industry modernization by promoting standards, best practices, and the adoption of new technologies, actively participating in various working groups and committees. This role is for the Head of Electronic Trading for Agency Securities Lending, one of the world’s largest with approximately $7 trillion in lendable assets. The primary location is Boston, Massachusetts, USA, with London, England, UK as a secondary location, both requiring a frequent-hybrid onsite arrangement of 4 days per week. The team is part of State Street Markets (SSM), the investment research and trading arm of State Street, focused on enhancing and preserving clients' portfolio values through technology, optimized trading, and linking asset classes and markets globally.

Requirements

5+ years of experience in securities finance trading with a focus on technology-led solutions 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 deep understanding of securities lending trading dynamics, market structure, regulation, and technology is a requirement.
A deep understanding 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 foster trust and drive alignment between cross-functional trading, product, engineering, and quant teams is a requirement.

Nice To Haves

A graduate degree (MS, MBA, MFE, or similar) is a plus.

Responsibilities

Own the vision, strategy, and performance for electronic trading globally across all asset classes with a focus on quantitative pricing, inventory optimization, automated trading strategies, analytics, and the deployment of artificial intelligence and digital innovation across the program.
Manage, lead, and develop a global team of electronic trading personnel – fostering accountability, ownership, collaboration, and high performance.
Act as a key external voice for electronic trading, automation, analytics and artificial intelligence, and digital innovation – engaging with senior contacts including clients, counterparties, vendors, and industry groups in various settings to drive a cohesive global strategy.
Be a trusted strategic partner and stakeholder on the Agency Lending Trading leadership team – collaborating globally to drive innovation and achieve optimal outcomes for our clients within the firm’s risk appetite and evolving financial resource constraints.
Partner with Sales and Client Management to design and deliver a commercial narrative for Agency Lending’s electronic trading capabilities, leveraging our technology-led program as a selling point for new and existing clients.
Ensure an ironclad risk and control environment for electronic and automated trading – partnering with Business Risk Advisory, Compliance, Legal, and Audit to implement and oversee best practices.
Lead the development of Agency Lending’s next generation of quantitative intelligence spanning pricing, inventory management, execution, and other use cases to power revenue creation and resource efficiency for clients and the firm.
Continuously explore ways to make the Agency Securities Lending business more efficient in its consumption of financial resources while partnering across Trading and Risk to ensure that financial resource targets for the business are met in part by modulation of electronic trading parameters.
Partner with Technology to design and evolve our automated trading system including systematic pricing and inventory management frameworks, market connectivity, and business-facing tools for configuring and managing the electronic business.
Evaluate and integrate new electronic trading venues, protocols, and data sources as the market evolves, with a focus on scalable solutions.
Stay at the forefront of relevant market structure developments, partnering with the Product organization to incorporate solutions such as central clearing into scalable, electronically accessible solutions for counterparties.
Collaborate with State Street Markets’ Research division to distill academic theory into actionable trading strategies while exploring evolving use cases within Trading across both predictive and generative artificial intelligence.

Benefits

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)
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks