Securities Lending Trader, Prime Services, Vice PresidentOnsite - Jersey City
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.
What you will be responsible forAs a Vice President Securities Lending Trader in Prime Services, you will
- 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.
What we valueThese skills will help you succeed in this role
- 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
Education & Preferred Qualifications- 5+ years' experience in Securities Finance trading
- Self-starter, motivated by making the entire team successful
- Proficiency in Bloomberg and Microsoft Office, specifically Excel
Additional requirements- Travel up to 10% may be required
Salary Range: $170,000 - $173,750 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
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.
