At a Glance
- Tasks: Support daily trading activities and manage equity swaps for client portfolios.
- Company: Join State Street, a leader in capital markets with a global presence.
- Benefits: Inclusive development opportunities, flexible work-life support, and vibrant employee networks.
- Other info: Collaborative environment with excellent career growth potential.
- Why this job: Make your mark in the fast-paced world of finance from day one.
- Qualifications: 3+ years in securities markets and strong analytical skills required.
The predicted salary is between 59400 - 72600 £ per year.
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 an AVP Equity Swaps Trader in London to help us build and manage our Prime Services Equity Swap offering. Due to the role requirements, this job needs to be performed in the office.
The team you will be joining is a part of State Street Markets (SSM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to the SSM business unit. As our investment research and trading arm, SSM’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.
In order to meet client demand, Prime Services is expanding its product offering to include Equity Swaps: a market standard Portfolio Swap and a flexible Total Return Swap to suit client needs. 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
- Support daily trading activities for equity swaps, including pricing, booking, and monitoring of trades across client portfolios.
- Assist in managing the swaps trading book, ensuring positions are aligned with risk limits and market conditions.
- Ensure swap bookings align with client allocations, dividends and corporate actions are processed accurately, and resets performed correctly.
- Coordinate with Sales and Relationship Managers to support client onboarding, trade execution, and ongoing service needs.
- Monitor and reconcile P&L and risk exposures, ensuring accuracy and timely resolution of discrepancies.
- Collaborate with operations, technology, and legal teams to streamline workflows and enhance platform capabilities.
- Contribute to product development efforts, including testing new features, gathering client feedback, and refining the swaps offering.
- Analyze market trends and client behavior to identify ways to better service clients.
- Support senior traders in strategic initiatives, including liquidity management, capital optimization, and business growth planning.
What We Value
- Excellent problem solving, analytical, and technical skills.
- Experience working in fast-paced, front-office financial markets environment.
- Strong attention to detail.
- Ability to multi-task and perform well under pressure.
- Outstanding communication (written and oral) and interpersonal skills.
- An extremely flexible, hands-on approach with a “do what it takes” mentality.
- Strong team orientation with a collaborative mentality; thrives in cross-functional environments and values shared success.
Education & Preferred Qualifications
- 3+ years of securities markets/equity finance experience.
- 3+ years EMEA Delta One trading experience in the Synthetic Prime space is required.
- Strong understanding and knowledge of equity market and equity swap mechanics.
- 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.
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.
Equity Swaps Trader – EMEA, Assistant Vice President, Onsite 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 Equity Swaps Trader – EMEA, Assistant Vice President, Onsite in London
✨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.
✨Connect on Professional Platforms
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.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like State Street Bank. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Equity Swaps Trader – EMEA, Assistant Vice President, Onsite 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.
Research and Reflect:Before hitting that 'apply' button on State Street Bank'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 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.
✨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 State Street Bank 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 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.
