At a Glance
- Tasks: Support daily trading activities for equity swaps and manage client portfolios.
- Company: Join State Street, a leader in alternative investment strategies with a global reach.
- Benefits: Enjoy flexible work-life support, paid volunteer days, and inclusive development opportunities.
- Other info: Collaborative culture with excellent career growth potential.
- Why this job: Make an impact in a fast-paced environment while enhancing client portfolio values.
- Qualifications: 3+ years in securities markets and strong analytical skills required.
The predicted salary is between 60000 - 80000 £ 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, offer additional transparency, and provide 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.
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 a 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 of 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.
Equity Swaps Trader – EMEA, Assistant Vice President, Onsite in London employer: State Street Corporation
State Street is an exceptional employer, offering a dynamic work environment in London where innovation and collaboration thrive. As an AVP Equity Swaps Trader, you will benefit from inclusive development opportunities, flexible work-life support, and a vibrant culture that values employee contributions. With a commitment to fostering growth and success, State Street empowers its employees to reach their full potential while being part of a rapidly expanding team in the financial markets sector.
StudySmarter Expert Advice🤫
We think this is how you could land Equity Swaps Trader – EMEA, Assistant Vice President, Onsite in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those in equity swaps or trading. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your market knowledge and technical skills. Be ready to discuss recent trends in equity swaps and how they impact trading strategies. We want you to shine!
✨Tip Number 3
Showcase your problem-solving skills during interviews. Share specific examples of how you've tackled challenges in fast-paced environments. This will demonstrate your ability to thrive under pressure, just like we do at StudySmarter.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at State Street.
We think you need these skills to ace Equity Swaps Trader – EMEA, Assistant Vice President, Onsite in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Equity Swaps Trader role. Highlight your experience in securities markets and equity finance, and don’t forget to showcase your analytical skills and attention to detail!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background aligns with our needs at State Street. Be sure to mention any relevant experience in Delta One trading.
Showcase Your Team Spirit:We value collaboration, so make sure to highlight your team-oriented mindset. Share examples of how you've worked with others in fast-paced environments to achieve shared goals—this will resonate well with us!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity. We can’t wait to see what you bring to the table!
How to prepare for a job interview at State Street Corporation
✨Know Your Equity Swaps Inside Out
Make sure you brush up on your knowledge of equity swaps and their mechanics. Be prepared to discuss how they work, the risks involved, and how they can benefit clients. This will show that you're not just familiar with the terminology but also understand the practical applications.
✨Demonstrate Your Analytical Skills
Since this role requires strong analytical skills, come ready to showcase your problem-solving abilities. You might be asked to analyse a market trend or a hypothetical trading scenario, so practice articulating your thought process clearly and confidently.
✨Showcase Your Team Spirit
This position values collaboration, so be prepared to discuss examples of how you've worked effectively in a team. Highlight any cross-functional projects you've been part of and how you contributed to shared success. This will resonate well with their team-oriented culture.
✨Prepare Questions That Matter
At the end of the interview, you'll likely have the chance to ask questions. Prepare thoughtful queries about the team's goals, challenges they face in the current market, or how they measure success in the role. This shows your genuine interest in the position and the company.
