At a Glance
- Tasks: Manage borrower relationships and optimise trading strategies in a fast-paced environment.
- Company: Join State Street, a leader in capital markets with a collaborative culture.
- Benefits: Competitive salary, professional growth, and a dynamic work environment.
- Other info: Opportunity to work with cutting-edge technology and grow your career.
- Why this job: Make your mark in the capital markets industry from day one.
- Qualifications: 2+ years in Securities Finance trading and strong analytical skills required.
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. 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
- 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 color 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.
What We Value
- 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 modeling 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.
Education & Preferred Qualifications
- 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.
State Street is an equal opportunity and affirmative action employer.
Prime Services Trading EMEA, Assistant Vice President, Onsite employer: State Street
State Street is an exceptional employer, offering a dynamic work environment in the heart of the UK financial sector. With a strong commitment to employee development, inclusive culture, and flexible work-life balance, we empower our team members to thrive while contributing to meaningful governance initiatives. Join us to be part of a collaborative team that values your insights and fosters your professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Prime Services Trading EMEA, Assistant Vice President, Onsite
✨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. 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
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.
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'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
✨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.
✨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 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 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.
