At a Glance
- Tasks: Manage and optimise institutional client lending portfolios in equity securities and total return swaps.
- Company: Join Northern Trust, a global leader in wealth management and asset servicing.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Collaborative team culture with a focus on client success and operational excellence.
- Why this job: Make a real impact in a dynamic trading environment with innovative financial solutions.
- Qualifications: Experience in equity markets, securities lending, and strong analytical skills required.
The predicted salary is between 85500 - 104500 £ per year.
About Northern Trust: As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity.
Role/Department: We are seeking an experienced Equity Agency Securities Lending and Total Return Swap Trader to join Northern Trust’s London-based Global Securities Finance Trading team. The role will be responsible for managing and optimising institutional client lending portfolios, executing equity securities lending transactions across a diverse global beneficial owner base, and supporting the continuous build out of Northern Trust’s equity total return swap offering.
The successful candidate will work closely with borrowers, broker-dealers, swap counterparties, and various internal functions. The role requires a strong understanding of equity markets, agency securities lending, equity finance, collateral optimisation, corporate actions, total return swaps, and the risk management framework required to support a client-focused, securities finance programme.
The key responsibilities of the role include:
- Agency Securities Lending Trading: Manage day-to-day trading activity across an institutional equity securities lending portfolio, with responsibility for maximising client revenue while operating within approved risk, collateral, liquidity and counterparty guidelines.
- Develop and maintain strong relationships with borrowers, including prime brokers, banks and market intermediaries, to optimise lending demand and portfolio performance.
- Identify and monetise intrinsic lending opportunities across general collateral, specials, corporate actions, index events, rights issues, tender offers, and other market-driven demand opportunities.
- Monitor utilisation, fee levels, borrower demand, short interest, market liquidity, collateral usage and revenue performance to ensure the lending portfolio is optimised on a risk‑adjusted basis.
- Partner with sales, client executives and product teams to identify and build incremental lending opportunities, support client reviews and contribute to new business opportunities.
- Prepare market commentary, trading colour, performance attribution and management reporting for internal stakeholders, beneficial owners and prospective clients.
- Ensure all trading activity meets best execution, fiduciary, counterparty credit and client guideline requirements.
- Equity Total Return Swap Trading: Support the continuous build-out, execution and management of an equity total return swap product offering for institutional and alternative investment clients.
- Price, book, monitor and manage equity swap transactions across client portfolios, ensuring trades are aligned with client guidelines, internal risk limits and applicable market regulations.
- Monitor and manage financial risk within the equity swap trading book, including delta exposure, financing risk, dividend exposure, corporate action risk, liquidity risk, counterparty exposure and P&L volatility.
- Ensure swap and hedge bookings are accurately captured and reconciled, with daily P&L, delta and exception reporting reviewed and resolved on a timely basis.
- Coordinate with sales and relationship managers to help support client onboarding, trade execution, lifecycle management, resets, unwinds, amendments and ongoing service requirements.
- Work with operations, technology, legal, risk and compliance teams to enhance the equity swap platform, improve workflow automation, strengthen controls and support product scalability.
- Contribute to product development, including new market access, financing.
Senior Securities Finance Trader employer: ntrs
Northern Trust is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and client service are at the forefront. With a strong commitment to employee growth, Northern Trust provides extensive training and development opportunities, fostering a culture of collaboration and integrity among its partners. The company's dedication to excellence and its global reach ensure that employees are part of a leading financial institution that values their contributions and supports their professional journey.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Securities Finance Trader
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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We think you need these skills to ace Senior Securities Finance Trader
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to ntrs.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on ntrs's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at ntrs
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with ntrs.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at ntrs will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former ntrs employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
