Securities Financing Trader – Analyst, London UK

We are currently seeking a Securities Financing Trader – Analyst to join our growing Capital Markets and Credit Investment team in London, United Kingdom. This is an exciting opportunity to join a new and growing team at one of Canada’s largest asset managers. This is a unique opportunity to work with and grow your career with a best-in-class securities finance operation!

THE OPPORTUNITY

Based in London, United Kingdom and reporting into the Senior Managing Director, DTI in London, the Securities Financing Trader Analyst (SFTA) sits inside the Derivatives, Trading and Index portfolio management team. The SFTA is responsible for the maximization of revenue of wholly owned assets using derivatives and alternative securities financing channels. The role requires securities financing experience and ideally with a leading lending agent or buyside organization. In addition, travel and working non-standard in office hours flexibility is mandatory.

This role consists of rigorous screening of securities lending data, swap markets, understanding local securities lending laws and derivative data analysis of single stock companies to identify high quality candidates for financing. In addition, the SFTA executes all trades and monitors the life cycle of trades, recalls, re-rates and movement from alternative execution strategies end to end.

DEPARTMENT OVERVIEW

The Capital Markets and Credit Investment Group manages a portfolio of fixed income, equity and absolute return investments representing approximately C$150 billion utilizing both index and active management strategies. The Group invests in Canada, the U.S. and internationally in both the developed and emerging markets. Assets are managed using both internal management and external managers. The Group uses a diverse mix of financial instruments including bonds, equities and derivatives. In addition, the Group is a leader in Responsible Investing actively integrating environmental, social and governance factors into our investment analysis and decision-making.

WHAT YOU BRING

• Minimum of 3 years securities lending and financing experience with an agent lending desk/buyside organization.
• Exposure/good standing active relationships with the securities borrowing community.
• Strong analytical and problem-solving skills to originate and structure solutions with keen attention to detail.
• Exposure to financing cross asset both securities financing transactions (SFTs) and total return swaps (TRS).
• Maintain relationships with borrowers and lenders to optimize securities financing performance.
• Strong legal understanding of securities lending agency agreements, regulatory frameworks, indemnification and collateral schedules.
• Ability to work flexible hours to match North America, Asia and European time zones.
• Ability to translate and articulate securities finance market thoughts and ideas to a larger audience including colleagues, junior management, and clients.

WHAT YOU GET TO DO

• Under the supervision of the SMD, DTI, the SFTA identifies, analyzes, values and recommends trade opportunities using DTI’s robust decision-making framework.
• Accountable for ensuring that investment policies and guidelines and portfolio risk parameters are followed.
• Performs in-depth analysis and builds and maintains pricing models and database.
• Responsible for annual revenue targets and day-to-day zero errors.
• Responds to corporate actions, daily cash management and reconciliation of equity and financing resets, etc.
• Liaises with the Victoria, BC trading desk on appropriate execution strategies and trading opportunities.
• Monitors, analyzes and provides attribution analysis on portfolio performance to the SMD, DTI.
• Performs other duties as directed by the Head of Trading.
• Embraces and demonstrates high ethical standards in both their personal and professional lives.

WHY APPLY TO JOIN BCI

With our values as our anchor, it’s our people that help shape employee-focused initiatives and who create the environment we work in each day – all of which further strengthens our culture. BCI has been recognized as one of Canada’s Top 100 Employers for the seventh consecutive year and has built programs and benefits to support all our employees, including:

• Extended health and dental coverage, start on your first day of work.
• Defined Contribution Pension Scheme with employer matching contributions.
• Time off includes: 25 days annual leave, 6 paid sick days, 6 paid personal days, and 2 paid days for volunteering – to support physical, mental, and community health.
• Annual wellness stipend to support an active lifestyle as well as physical well-being when working at home.
• On-going learning through our in-house mentoring program, professional dues support, tuition reimbursement, and online and in-house learning.

TO APPLY

Apply online with a copy of your resume. We encourage timely submissions of applications as candidates will be actively reviewed and the interview process may advance earlier. Referrals: If you are currently connected with a BCI employee and plan to list them as a referee, please ensure you reach out to them first to get their consent to do so. All referrals will be verified internally.

At BCI, we value diversity and believe in fostering an inclusive culture where all employees can be successful. We are performance and client focused and value integrity; if you share these values, we want to know you. We recognize that some skills can be learned on the job and encourage all to apply. If you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations), contact us at hr@bci.ca. We would like to hear from you!