Prime Services Trader - Officer

State Street • Boston, MA

8d • $120,000 - $120,000 • Onsite

About The Position

State Street Prime Services is seeking a motivated and analytically minded professional to join our Trading team. As part of the Trading team, you will help us manage the existing book of business and grow our share in a competitive market landscape. Prime Services is an alternative to prime brokerage and is a platform that allows clients to borrow securities and finance from a segregated custody account. Due to the role requirements this job needs to be performed primarily in the office.
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 SSM business units. 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.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

Requirements

• Superior problem solving, analytical, and technical skills
• Experience working in fast-paced, front-office financial markets environment; deeply engaged and comfortable with the markets and trading
• Strong skills in modeling and programming - Experience programing in procedural/object-oriented and/or scripting languages: Python (preferred)/Java/C++
• Comfortability working with large volumes of structured and unstructured data
• Outstanding communication (written and oral) and interpersonal skills; ability to interact professionally with business leaders and technical teams alike
• Extremely flexible with a “do anything mentality”; creative and willing to challenge current paradigms

Nice To Haves

• Experience in Securities Finance trading is a plus
• Proficiency in Bloomberg and Microsoft Office, specifically Excel
• Comfortability with modern data management tools (e.g., Databricks)
• Self-starter, motivated by making the entire team successful

Responsibilities

• Drive our trading optimization and development strategy globally
• Provide quantitative analysis of the program, identifying themes to discuss with partner teams in Sales, Client Management, and Product Development to deliver an exceptional product experience for our clients
• Support the automation of trading processes, improving efficiency and scalability
• Leverage machine learning methods to enhance securities lending pricing algorithms
• Borrow and lend securities to cover and manage clients’ short positions
• Financial resource optimization and risk management to drive returns

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level