Head of Agency Lending eTrading, Vice President in London

Agency Lending Electronic Trading is responsible for connecting one of the industry’s largest pools of institutional lending supply to borrower demand, enabling low-touch market interaction across venues and bilateral channels, researching and implementing quantitative models that drive business performance, and delivering platforms through which automated strategies are monitored and controlled. Our vision is to be the world’s most connected, seamless, and intelligent lender – defining the future of securities finance with technology-enhanced trading and data-driven strategies that efficiently mobilize client assets.

We take pride in contributing to industry modernization by promoting standards, best practices and the adoption of new technologies – actively participating in various working groups and committees. We are searching for a new Head of Electronic Trading for our Agency Securities Lending business – one of the world’s largest with ~$7 trillion lendable assets. The primary location for this role is Boston, Massachusetts, USA, but we will consider candidates based in London, England, UK as a secondary location – both locations with a frequent-hybrid onsite requirement of 4-days per week.

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. Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

As Head of Electronic Trading for Agency Securities Lending, you will:

• Own the vision, strategy, and performance for electronic trading globally across all asset classes with a focus on quantitative pricing, inventory optimization, automated trading strategies, analytics, and the deployment of artificial intelligence and digital innovation across the program.
• Manage, lead, and develop a global team of electronic trading personnel – fostering accountability, ownership, collaboration, and high performance.
• Act as a key external voice for electronic trading, automation, analytics and artificial intelligence, and digital innovation – engaging with senior contacts including clients, counterparties, vendors, and industry groups in various settings to drive a cohesive global strategy.
• Be a trusted strategic partner and stakeholder on the Agency Lending Trading leadership team – collaborating globally to drive innovation and achieve optimal outcomes for our clients within the firm’s risk appetite and evolving financial resource constraints.
• Partner with Sales and Client Management to design and deliver a commercial narrative for Agency Lending’s electronic trading capabilities, leveraging our technology-led program as a selling point for new and existing clients.
• Ensure an ironclad risk and control environment for electronic and automated trading – partnering with Business Risk Advisory, Compliance, Legal, and Audit to implement and oversee best practices.
• Lead the development of Agency Lending’s next generation of quantitative intelligence spanning pricing, inventory management, execution, and other use cases to power revenue creation and resource efficiency for clients and the firm.
• Continuously explore ways to make the Agency Securities Lending business more efficient in its consumption of financial resources while partnering across Trading and Risk to ensure that financial resource targets for the business are met in part by modulation of electronic trading parameters.
• Partner with Technology to design and evolve our automated trading system including systematic pricing and inventory management frameworks, market connectivity, and business-facing tools for configuring and managing the electronic business.
• Evaluate and integrate new electronic trading venues, protocols, and data sources as the market evolves, with a focus on scalable solutions.
• Stay at the forefront of relevant market structure developments, partnering with the Product organization to incorporate solutions such as central clearing into scalable, electronically accessible solutions for counterparties.
• Collaborate with State Street Markets’ Research division to distill academic theory into actionable trading strategies while exploring evolving use cases within Trading across both predictive and generative artificial intelligence.

Education And Preferred Qualifications:

• 5+ years of experience in securities finance trading with a focus on technology-led solutions is a requirement.
• Proficiency in at least one scripting language (Python, R, etc.) is a requirement.
• An undergraduate degree in Computer Science, Mathematics, Statistics, Engineering, Economics, Finance, or a related quantitative discipline is a requirement.
• A deep understanding of securities lending trading dynamics, market structure, regulation, and technology is a requirement.
• A deep understanding of bank capital, liquidity, and leverage constraints and how they impact securities finance businesses is a requirement.
• Outstanding written and verbal communication skills and the ability to distill complex, technical concepts into succinct, digestible executive language is a requirement.
• A demonstrated ability to foster trust and drive alignment between cross-functional trading, product, engineering, and quant teams is a requirement.
• A graduate degree (MS, MBA, MFE, or similar) is a plus.

Salary Range: $220,000 - $223,750 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.

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.

For a full overview, visit StateStreet.com/careers.

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.

Discover more information on jobs at StateStreet.com/careers.

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.

Summary Location: Boston, Massachusetts; London, England Type: Full time