State Street
Global Head of Secured Financing Trading, Managing Director
State Street, Greendale, Wisconsin, United States, 53129
Global Head of Secured Financing Trading, Managing Director
State Street provides investment servicing, investment management, investment research and trading services to institutional investors worldwide. Global Head of Secured Financing Trading, Managing Director Who we are looking for State Street Secured Financing provides secured investment and financing solutions, primarily through repurchase agreement (repo) trading services. The principal repo trading business is a global program that focuses on cleared transactions across multiple CCPs. Today, the business is predominantly driven by the FICC sponsored member repo platform that allows clients to borrow or invest cash through the US Treasury repo market but continues to expand. These structures provide a scalable offering that services a broad range of buy side clients. Secured Financing has been in business for over seven years, has a global client base, continues to experience exponential growth, and is currently one of the fastest growing products within State Street. SSGM seeks a Head of Secured Financing Trading to help us manage the existing global book of business and grow our share in a competitive market landscape. This involves leading a team of traders responsible for driving financial budget outcomes while servicing clients through an expanding set of trading solutions. The individual will report to the Head of Secured Financing. This role will be based in Boston, MA. Internal candidates will be considered for this role. 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 Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’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 Global Head of Secured Financing Trading, MD you will Own and be accountable for all repo trading activities globally, including matched book activity in the FICC Sponsored Repo program inclusive of over 150 clients trading daily. Manage two traders in North America and oversee four traders across EMEA and APAC. Drive trading revenue/NII to meet budget targets for the repo business lines, considering return metrics. Lead global trading desk expansion across North American, European, and Asia-Pacific desks. Execute funding for the Treasury division globally for all repo funding and investment portfolio needs. Serve and develop cash investment fund manager relationships, providing color across short term PMs, treasurers and traders of asset owners, asset managers, and alternative funds. Serve as a senior contact to a number of top tier alternative funds covering various levered, government bond financing strategies. Maintain and develop supply/sell side relationships to ensure proper collateralization. Support product strategies that will lead to new business and improved financing opportunities. Work closely with partner teams in Sales, Client Management, and Product Development to deliver an exceptional product experience for our clients. Ability to partner with Treasury to influence and manage balance sheet resourcing. Influence budget and forward looking strategy. Partner with the State Street’s Research department to generate content for client distribution. What we value These skills will help you succeed in this role Extremely strong market knowledge across repo and money markets. Experience and demonstrated results managing a performance-driven team and cultivating talent. Superior problem solving, analytical, and technical skills. Experience working in fast-paced, front-office financial markets environment throughout cycles; 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. Self-starter; creative and willing to challenge current paradigms. Innovative client-centric solutioning buoyed with a shareholder mindset. Demonstrated ability to build networks and work across groups and jurisdictions. Strategic thinking, who can see the forest through the trees. Demonstrated knowledge of electronic trading products and systems. A risk-excellence mindset, awareness and alignment with internal and regulatory policies and procedures with a strong focus on program resiliency. Education & Preferred Qualifications 10+ years in repo trading and matched book activities; experience in FICC sponsored repo. Proficiency in Bloomberg and Microsoft Office, specifically Excel. About State Street What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential. Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you. State Street is an equal opportunity and affirmative action employer. Salary Range: $235,000 - $246,250 Annual
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State Street provides investment servicing, investment management, investment research and trading services to institutional investors worldwide. Global Head of Secured Financing Trading, Managing Director Who we are looking for State Street Secured Financing provides secured investment and financing solutions, primarily through repurchase agreement (repo) trading services. The principal repo trading business is a global program that focuses on cleared transactions across multiple CCPs. Today, the business is predominantly driven by the FICC sponsored member repo platform that allows clients to borrow or invest cash through the US Treasury repo market but continues to expand. These structures provide a scalable offering that services a broad range of buy side clients. Secured Financing has been in business for over seven years, has a global client base, continues to experience exponential growth, and is currently one of the fastest growing products within State Street. SSGM seeks a Head of Secured Financing Trading to help us manage the existing global book of business and grow our share in a competitive market landscape. This involves leading a team of traders responsible for driving financial budget outcomes while servicing clients through an expanding set of trading solutions. The individual will report to the Head of Secured Financing. This role will be based in Boston, MA. Internal candidates will be considered for this role. 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 Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’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 Global Head of Secured Financing Trading, MD you will Own and be accountable for all repo trading activities globally, including matched book activity in the FICC Sponsored Repo program inclusive of over 150 clients trading daily. Manage two traders in North America and oversee four traders across EMEA and APAC. Drive trading revenue/NII to meet budget targets for the repo business lines, considering return metrics. Lead global trading desk expansion across North American, European, and Asia-Pacific desks. Execute funding for the Treasury division globally for all repo funding and investment portfolio needs. Serve and develop cash investment fund manager relationships, providing color across short term PMs, treasurers and traders of asset owners, asset managers, and alternative funds. Serve as a senior contact to a number of top tier alternative funds covering various levered, government bond financing strategies. Maintain and develop supply/sell side relationships to ensure proper collateralization. Support product strategies that will lead to new business and improved financing opportunities. Work closely with partner teams in Sales, Client Management, and Product Development to deliver an exceptional product experience for our clients. Ability to partner with Treasury to influence and manage balance sheet resourcing. Influence budget and forward looking strategy. Partner with the State Street’s Research department to generate content for client distribution. What we value These skills will help you succeed in this role Extremely strong market knowledge across repo and money markets. Experience and demonstrated results managing a performance-driven team and cultivating talent. Superior problem solving, analytical, and technical skills. Experience working in fast-paced, front-office financial markets environment throughout cycles; 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. Self-starter; creative and willing to challenge current paradigms. Innovative client-centric solutioning buoyed with a shareholder mindset. Demonstrated ability to build networks and work across groups and jurisdictions. Strategic thinking, who can see the forest through the trees. Demonstrated knowledge of electronic trading products and systems. A risk-excellence mindset, awareness and alignment with internal and regulatory policies and procedures with a strong focus on program resiliency. Education & Preferred Qualifications 10+ years in repo trading and matched book activities; experience in FICC sponsored repo. Proficiency in Bloomberg and Microsoft Office, specifically Excel. About State Street What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential. Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you. State Street is an equal opportunity and affirmative action employer. Salary Range: $235,000 - $246,250 Annual
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