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State Street

Head of Securities Lending Demand, Prime Services, Vice President

State Street, Boston, New York, United States


Head of Securities Lending Demand, Prime Services, Vice President

State Street State Street provides investment servicing, investment management, investment research and trading services to institutional investors worldwide. View all jobs at State Street

Head of Securities Lending Demand, Prime Services, Vice President Who we are looking for State Street 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. This structure can reduce counterparty risk, offers additional transparency, and provides greater control over assets. The result is a more efficient and cost-effective way to manage alternative investment strategies. Prime Services has been in business for over fifteen years, has a global client base, continues to experience exponential growth, and is currently one of the fastest growing products within State Street. We are looking for a Head of Demand in North America to help us manage the existing book of business and grow our share in a competitive market landscape. Due to the role requirements this job needs to be performed primarily in the office with some flex work opportunities available. 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 Head of Securities Lending Demand, Prime Services, Vice President , you will Manage and mentor a team of 1-2 traders in Boston and Jersey City Serve as the lead trading representative facing demand-side clients and portfolio managers Borrow and lend securities to cover and manage clients’ short positions Represent State Street’s Prime Services group as we set out to discover and develop new trading opportunities and relationships as we evolve this growing business Provide daily color on hard to borrow securities and special situations to portfolio managers, analysts, execution traders, and treasury personnel Work closely with partner teams in Sales, Client Management, and Product Development to deliver an exceptional product experience for our clients What we value These 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 Experience and demonstrated results managing a team 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 Are you the right candidate? Yes! We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit. 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: $170,000 - $173,750 Annual

Head of Securities Lending Demand, Prime Services, Vice President Onsite - Boston Who we are looking for State Street 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. This structure can reduce counterparty risk, offers additional transparency, and provides greater control over assets. The result is a more efficient and cost-effective way to manage alternative investment strategies. Prime Services has been in business for over fifteen years, has a global client base, continues to experience exponential growth, and is currently one of the fastest growing products within State Street. We are looking for a Head of Demand in North America to help us manage the existing book of business and grow our share in a competitive market landscape. Due to the role requirements this job needs to be performed primarily in the office with some flex work opportunities available. 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 Head of Securities Lending Demand, Prime Services, Vice President , you will Manage and mentor a team of 1-2 traders in Boston and Jersey City Serve as the lead trading representative facing demand-side clients and portfolio managers Borrow and lend securities to cover and manage clients’ short positions Represent State Street’s Prime Services group as we set out to discover and develop new trading opportunities and relationships as we evolve this growing business Provide daily color on hard to borrow securities and special situations to portfolio managers, analysts, execution traders, and treasury personnel Work closely with partner teams in Sales, Client Management, and Product Development to deliver an exceptional product experience for our clients What we value These 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 Experience and demonstrated results managing a team 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 Are you the right candidate? Yes! We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit. 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: $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. Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. State Street's Speak Up Line

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