At a Glance
- Tasks: Join our trading team to manage securities and enhance client relationships.
- Company: State Street, a leading global financial services provider.
- Benefits: Competitive salary, flexible work options, and comprehensive benefits.
- Other info: Diverse and inclusive workplace with excellent growth opportunities.
- Why this job: Make an impact in the fast-paced capital markets industry from day one.
- Qualifications: 2+ years in Securities Finance trading and strong analytical skills.
The predicted salary is between 60000 - 80000 £ per year.
State Street’s 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 more 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 electronic trader in London to help us manage the existing book of business and grow our share in a competitive market landscape. Due to the role requirements this job needs to be performed primarily 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 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.
As a trader in the prime services trading team – EMEA, you will:
- Develop and maintain strong and diverse borrower relationships to ensure State Street is their primary partner
- Borrow and lend securities to cover and manage clients’ short positions
- Provide daily colour on hard to borrow securities and special situations to portfolio managers, analysts, execution traders, and treasury personnel
- Financial resource optimization and risk management to drive returns
- Work closely with partner teams in Sales, Client Management, and Product Development to deliver an exceptional product experience for our clients
- Support the trading desk in strategic initiatives, including liquidity management, capital optimization, and business growth planning
- Contribute to product development efforts, including testing new features, gathering client feedback, and refining the Prime trading product offering
Proven track record of managing hedge fund client relationships, effectively addressing complex queries and resolving issues in a timely and professional manner.
These skills will help you succeed in this role:
- Superior problem solving, analytical, and technical skills
- Experience working in fast-paced, front-office financial markets environment; deeply engaged and comfortable with the markets and trading
- Strong skills in modelling and programming - Experience programming in procedural/object-oriented and/or scripting languages: Python (preferred)
- Ability to build dashboards using large datasets to identify themes and present talking points to clients and counterparts will be a distinct advantage
- Outstanding communication (written and oral) and interpersonal skills; ability to interact professionally with business leaders and technical teams alike
- Extremely flexible with a “do anything mentality”; creative and willing to challenge current paradigms
Minimum of 2+ years’ experience in Securities Finance trading. Self-starter, motivated by making the entire team successful. Proficiency in Bloomberg and Microsoft Office, specifically Excel. Bachelor’s degree in a technical or analytical discipline such as Computer Science, IT, Financial Engineering, Engineering, Science, Economics, Maths or Statistics preferred.
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality.
State Street is an equal opportunity and affirmative action employer.
Prime Services Trading EMEA, Assistant Vice President, Onsite in London employer: State Street Corporation
State Street is an exceptional employer that prioritises the growth and well-being of its employees, offering a dynamic work culture where innovation thrives. With a commitment to inclusivity, flexible work-life support, and opportunities for professional development, employees are empowered to reach their full potential while contributing to meaningful projects in the financial sector. Located in a vibrant environment, State Street fosters collaboration and creativity, making it an ideal place for those looking to make a significant impact in the world of finance and technology.
StudySmarter Expert Advice🤫
We think this is how you could land Prime Services Trading 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 Corporation. 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 Prime Services Trading 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 Corporation.
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 Corporation'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 Corporation
✨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 Corporation.
✨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 Corporation 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 Corporation 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.
