At a Glance
- Tasks: Support Client Management and Sales & Trading teams in a dynamic trading environment.
- Company: Join State Street Markets, a leader in capital markets and investment strategies.
- Benefits: Gain hands-on experience, develop analytical skills, and work in a collaborative team.
- Other info: In-office role with opportunities for career growth and skill development.
- Why this job: Make your mark in the capital markets industry from day one!
- Qualifications: Bachelor's degree and a strong willingness to learn are essential.
The predicted salary is between 66150 - 80850 £ per year.
Who we are looking for
We are looking for a motivated candidate who is eager to learn and expand their analytical and communication skills, while providing day-to-day support for Client Management and Sales & Trading teams within Execution, Financing and Clearing business. Great learning opportunity to get immersed in Execution, Financing, and Clearing business, working closely with Client Management and Trading teams! In-office presence is required.
The Front Office Trading Services (FOTS) team provides support across the globe (North America, Europe, and Asia-Pacific) for State Street Market's Client Management, Sales & Trading Desks and acts as the primary liaison for external and internal clients. In addition to trading support and client services, the team works closely with Operations groups and participates in projects related to new trading initiatives, platform onboarding, integration, testing, and implementation planning.
Why this role is important to us
The team you will be joining is 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 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.
What we value
- Strong willingness to learn systems, processes and new technical skills
- Ability to work as part of a team and under own initiative
- Ability to work under pressure and manage multiple priorities in a deadline driven environment
What you will be responsible for
- Partner with Client Management and Sales & Trading to oversee operational lifecycle, from settlement through to maturity / termination; resets, rolls, partial / full unwinds, amendments, dividends, corporate actions.
- Manage and oversee key financing activities such as checking financing rates / spreads, benchmark rates, fees, commissions, dividend levels & other swap economics against agreed terms. Escalating any discrepancies with the trading desk.
- Serve as the primary point of contact between the Front Office and Operations, proactively monitoring daily processes, resolving breaks, managing escalations, and coordinating issue resolution across trading, operations, technology, finance, collateral risk, and external counterparties.
- Monitor trade activity arriving in Traiana; Ensure correct book, counterparty, security, direction, notional, price, dates, currency, financing terms, settlement dates.
- Respond to client, broker, and internal inquiries related to trade affirmations, trade economic disagreements, and trade settlements.
- Perform reconciliations and data quality reviews to ensure the accuracy and integrity of trade, position, collateral, and financing records, investigating and resolving discrepancies in a timely manner.
- Produce and distribute client and management reporting, including financing activity, collateral, fee and rebate, pledged collateral, exception management, and bespoke client reporting requests.
- Provide the desk with reliable intraday / overnight position information; flag any unexpected position movements, stale / missing trades or booking anomalies.
- Act as a subject matter expert for Prime Physical and Prime Swaps processes and controls, participating in strategic initiatives, business change programs, new product implementations, audits, regulatory reviews, testing efforts, and process improvement projects.
- Identify opportunities to streamline workflows, enhance controls, improve data quality, and drive operational efficiencies through collaboration with Technology, Business Analysis, Operations, Credit Risk, Compliance, and other business partners.
- Build and maintain strong working relationships with internal and external stakeholders to effectively resolve issues, improve service delivery, and support business growth initiatives.
- Adhere to all business controls, policies, and operational procedures, ensuring risks are effectively managed, and regulatory, compliance, and governance requirements are consistently met.
Education & Preferred Qualifications
- Bachelor's degree or equivalent
- 12+ financial services industry and exposure to equity swaps
- Client-facing experience is preferred but not required
- Excellent communication, interpersonal and relationship skills
Additional requirements
- Strong analytical and problem-solving skills
- Very strong attention to detail
- Familiarity with Microsoft Office applications and CoPilot - Word, Excel, Access, PowerP
Front Office Trading Services, VP - EFC (Prime/Equity Swaps) - State Street Markets in London employer: State Street Corp
State Street Corp is an exceptional employer that fosters a collaborative and innovative work culture, empowering employees to thrive in their roles. With a strong focus on professional development and growth opportunities, particularly in the dynamic field of client relationship management, employees can expect to engage with industry leaders while enjoying a supportive environment that values strategic thinking and proactive engagement. Located in a vibrant area, State Street offers unique advantages such as flexible working arrangements and a commitment to employee well-being, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Front Office Trading Services, VP - EFC (Prime/Equity Swaps) - State Street Markets 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 Corp. 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 Front Office Trading Services, VP - EFC (Prime/Equity Swaps) - State Street Markets 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 Corp.
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 Corp'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 Corp
✨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 Corp.
✨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 Corp 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 Corp 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.
