At a Glance
- Tasks: Manage borrower relationships, trade securities, and support strategic initiatives in a fast-paced environment.
- Company: Join State Street, a leader in capital markets with a focus on innovation and client success.
- Benefits: Competitive salary, professional growth opportunities, and a dynamic work culture.
- Other info: Collaborative team environment with opportunities for career advancement.
- Why this job: Make your mark in the capital markets industry and drive impactful change from day one.
- Qualifications: Strong analytical skills, programming experience (Python preferred), and excellent communication abilities.
The predicted salary is between 80000 - 100000 £ 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.
