At a Glance
- Tasks: Design and execute innovative trading strategies using cutting-edge technology.
- Company: Join State Street, a leader in investment research and trading.
- Benefits: Competitive salary, comprehensive benefits, flexible work-life support, and paid volunteer days.
- Other info: Dynamic environment with opportunities for growth and collaboration.
- Why this job: Make an immediate impact in the capital markets and shape the future of securities finance.
- Qualifications: Bachelor’s degree in relevant fields and proficiency in programming languages like Python.
The predicted salary is between 135000 - 135000 £ per year.
Agency Lending Electronic Trading connects one of the industry’s largest pools of institutional lending supply with borrower demand. We enable low-touch trading across venues and bilateral channels, develop quantitative models to price and manage our book, and design user-facing platforms for controlling automated strategies. This work directly supports State Street’s purpose of creating better outcomes for the world’s investors and the people they serve.
Our vision is to be the world’s most connected, seamless, and intelligent lender, shaping the future of securities finance through technology-enabled trading and data-driven strategies that efficiently mobilize client assets. We also help modernize the industry by promoting standards, best practices, and emerging technologies through active participation in working groups and committees.
We are seeking an Assistant Vice President to join the team. The role may be based at our corporate headquarters in Boston, Massachusetts, or our London office, with an onsite requirement of four days per week.
You will join State Street Markets (SSM), our investment research and trading business. Institutional asset owners and managers rely on SSM for research, trading, securities lending, and innovative portfolio strategies. Our primary goal is to enhance and preserve client portfolio value by applying technology, optimizing trading, and connecting asset classes and markets worldwide.
As a strategist on the Agency Lending Electronic Trading team, you will design and execute quantitative securities finance strategies that generate revenue for clients and the firm. Key responsibilities include:
- Develop algorithms and models to price and manage a global inventory of lendable securities, including equities, corporate bonds, and sovereign, supranational, and agency debt.
- Design robust automated trading solutions, including core systems and user interfaces for monitoring and control.
- Build analytics that inform manual and automated decisions throughout pre-trade, execution, and lifecycle management.
- Apply programming and quantitative skills to evaluate the effectiveness and efficiency of electronic trading activity.
- Lead the development of reusable tools for quantitative research and strategy creation.
- Integrate the lending program with new electronic trading venues while expanding capabilities on existing venues and proprietary access channels.
- Manage daily desk operations, including system monitoring, production diagnostics, pricing and inventory management configuration, new electronic relationship setup, and support for voice traders and external counterparties.
- Collaborate with the Research division to translate academic theory into practical trading solutions.
- Serve as Product Owner for electronic trading, partnering with Global Technology Services to deliver new strategies, market integrations, and automated trading system features.
- Build deep expertise in global securities finance—including securities lending, repurchase agreements, and swaps—with emphasis on market structure, technology providers, regulation, trading, and financial resource management.
- Partner with Agency Lending Voice Trading to align voice and electronic trading activities.
- Uphold State Street policies, standards, and guidelines for Model Risk Management, Algorithmic Trading, and End-User Developed Tools (EUDTs), demonstrating Risk Excellence in all activities.
Education and Preferred Qualifications:
- Bachelor’s degree in Computer Science, Engineering, Mathematics, Statistics, Finance, Economics, or a related field.
- Proficiency in a scripting language such as Python; experience with a production language such as Java or C++ is preferred.
- Experience trading securities finance products, including securities lending, repo, or swaps is preferred.
- Strong interest in the intersection of financial markets and technology.
- Knowledge of object-oriented programming and sound software design principles is preferred.
Salary Range: $135,000 - $135,000 Annual
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.
About State Street: Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Electronic Trading Strategist, Agency Lending, Assistant Vice President in London employer: State Street Bank
At State Street, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. As a Principal Threat Modeling Architect, you will have access to inclusive development opportunities, flexible work-life support, and the chance to lead a high-performing team in a hybrid work environment. Our commitment to employee growth and community engagement, alongside our focus on security excellence, makes us an attractive choice for professionals seeking meaningful and rewarding careers in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Electronic Trading Strategist, Agency Lending, Assistant Vice President in London
✨Tap into Campus Networks
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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 Electronic Trading Strategist, Agency Lending, Assistant Vice President in London
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 State Street Bank.
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.
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How to prepare for a job interview at State Street Bank
✨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 State Street Bank.
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✨Network with Industry Professionals
Before your interview, reach out to current or former State Street Bank 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.
