Securities Lending Trader, Prime Services, Vice President

State Street•Jersey City, NJ

18h•Onsite

About The Position

State Street Prime Services is an alternative to traditional prime brokerage, providing clients with the ability to borrow securities and obtain financing through a segregated custody model. This structure reduces counterparty risk, enhances transparency, and provides clients with greater control over their assets, delivering an efficient and capital-conscious solution for alternative investment strategies. Prime Services has been serving a global client base for more than fifteen years and remains one of the fastest-growing businesses within State Street. We are seeking an experienced Securities Lending Trader to join our North American team. This individual will play a key role in managing and growing our securities lending franchise by developing client and counterparty relationships, sourcing and optimizing borrows, identifying new trading opportunities, and delivering financing solutions to institutional investors. The successful candidate will combine strong market expertise, commercial acumen, and relationship management skills to drive revenue growth and help expand State Street's presence in the securities finance landscape. Due to the role requirements this job needs to be performed primarily in the office. 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.

Requirements

5+ years’ experience in Securities Finance trading
Self-starter, motivated by making the entire team successful
Proficiency in Bloomberg and Microsoft Office, specifically Excel

Nice To Haves

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
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

Responsibilities

Borrow and lend securities to facilitate client short sales and financing activities across global markets.
Manage and optimize inventory utilization, balancing client demand, funding considerations, regulatory requirements, and balance sheet efficiency.
Structure and negotiate securities lending and financing transactions, identifying hard-to-borrow opportunities, special situations, and market dislocations to maximize profitability while effectively managing risk
Provide market color, borrow intelligence, and trading insights to hedge fund clients, portfolio managers, sales teams, and internal stakeholders.
Develop and maintain strong relationships with hedge funds, broker-dealers, agent lenders, and other securities finance counterparties.
Partner closely with Sales and Client Management teams to grow client relationships and increase wallet share.
Collaborate with Product, Technology, Operations, Treasury, and Risk teams to enhance platform capabilities and client experience.
Represent State Street in the marketplace, helping build the firm's profile as a leading provider of financing and securities lending solutions.
Monitor market developments, regulatory changes, and industry trends to identify new business opportunities and improve trading strategies.

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