Agency Lending - Head of Trading, North America, Managing Director

State Street; Toronto; On-site; USD 235,000 - 247,000; Full time

Job summary

A global financial services provider is seeking a Head of Trading for Agency Lending in North America. This Managing Director-level role involves leading a team in Toronto and Boston, optimizing trading strategies, and building key relationships in the securities finance sector. Candidates should have over 10 years of relevant experience and a strong track record in trading leadership. The position offers competitive compensation ranging from $235,000 to $246,250 annually, alongside a comprehensive benefits package.

Benefits

Generous medical care

Flexible work programs

Development programs and educational support

Qualifications

• Minimum of 10 years' experience in Securities finance with trading leadership.
• Demonstrated experience managing high-performance trading teams.
• Deep knowledge of relevant regulatory frameworks.

Responsibilities

• Lead the Agency Lending Trading desk for North America.
• Drive trading strategy and optimize risk-adjusted returns.
• Build and maintain strong relationships with key stakeholders.

Skills

Leadership

Securities finance

Risk management

Client communication

Strategic thinking

Education

Bachelor’s degree

Advanced degree or CFA

Job description

Agency Lending - Head of Trading, North America, Managing Director

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Agency Lending - Head of Trading, North America, Managing Director

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Who We Are

State Street’s award-winning Agency Lending business is a market leader in Securities Finance and is a flagship product within our Markets business.

Boston, MA or Toronto, CA

Who We Are

State Street’s award-winning Agency Lending business is a market leader in Securities Finance and is a flagship product within our Markets business.

The Agency Lending team generates over $1bn in annualized revenue for over 225 active clients, including many of the world’s largest sovereign wealth funds, asset managers and pension funds who entrust State Street with over $5 trillion in lendable assets. The team trades with over 150 banks, brokers, and investment managers across 37 lending markets from trading desks in 6 global locations.

Our global trading team operates at the center of the financial markets, delivering market leading returns, insightful market intelligence, and risk-managed access to liquidity across asset classes. We act as a trusted extension of our clients’ investment process, leveraging technology, expertise, and global reach to generate alpha.

We are looking for the right candidate to lead the North American trading team. This role resides within the agency lending trading team in either Boston or Toronto

Who We’re Looking For

State Street is seeking an experienced and visionary leader to head our Agency Lending trading function across North America. This MD-level role is responsible for helping drive the strategy, execution, and performance of Agency Lending trading across global equities and corporate bonds traded from Boston and Toronto. The ideal candidate will bring a deep understanding of the securities finance ecosystem, a strong track record of leadership in dynamic market environments, and the ability to inspire high performing teams. If you are passionate about markets, operational excellence, and building a world-class agency lending franchise, we want to hear from you.

Why this role is important to us

The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success.

What You Will Be Responsible For

As Agency Lending – Head of Trading, North America, Managing Director you will :

• Lead the Agency Lending Trading desk for North America, managing a team of seasoned traders in Boston and Toronto
• Drive trading strategy and optimize risk-adjusted returns for clients, while maintaining financial resources within regulatory and internal risk parameters
• Serve as a key member of the global Agency Lending trading team, contributing to the overall direction and product evolution of the business
• Build and maintain strong relationships with key borrowers, beneficial owners, and internal stakeholders across product, technology, legal, and risk
• Ensure trading activity adheres to all regulatory and compliance standards and that the team operates with transparency and integrity
• Develop, motivate, and inspire our talent

Education & Preferred Qualifications

Minimum of 10 years' experience in Securities finance, with significant exposure to agency lending and trading leadership

Demonstrated experience managing high-performance trading teams, including talent development, coaching, and organizational leadership

Strong understanding of global securities lending markets, trading dynamics, and borrower behavior

Deep knowledge of relevant regulatory frameworks, risk management practices, and trading technologies

Proven ability to communicate effectively with senior executives, clients, and regulators

Strategic thinker with a results-driven mindset and a commitment to innovation and client success

Bachelor’s degree required; advanced degree or CFA preferred

Are you the right candidate? Yes!

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.

About State Street

What we do. 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.

Work, Live and Grow. 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.

Inclusion, Diversity and Social Responsibility. 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. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Salary Range

235,000 - $246,250 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Job ID : R-775323

Seniority level

Seniority level

Not Applicable

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

Industries

Financial Services, Investment Banking, and Investment Management

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