Securities Lending Trader, Prime Services, Vice President

State Street; Jersey City (NJ); On-site; USD 170,000 - 173,750; Full time

Job summary

State Street Prime Services in Jersey City is seeking an experienced Securities Lending Trader to join our North American team. This role focuses on managing and growing our securities lending franchise by developing client and counterparty relationships, sourcing and optimizing borrows, identifying new trading opportunities, and delivering financing solutions to institutional investors.

The ideal candidate will combine strong market expertise, commercial acumen, and relationship management

Qualifications

• 5+ years of experience in Securities Finance trading.
• Self-starter, motivated by making the entire team successful
• Proficiency in Bloomberg and Microsoft Office, specifically Excel

Responsibilities

• Borrow and lend securities to facilitate client short sales and financing activities.
• Manage and optimize inventory utilization, balancing client demand, funding considerations, regulatory requirements, and balance sheet efficiency.
• Structure and negotiate securities lending and financing transactions, identifying hard-to-borrow opportunities, special situations, and market dislocations to maximize profitability while effectively managing risk
• Provide market color, borrow intelligence, and trading insights to hedge fund clients, portfolio managers, sales teams, and internal stakeholders.
• Develop and maintain strong relationships with hedge funds, broker-dealers, agent lenders, and other securities finance counterparties.
• Partner closely with Sales and Client Management teams to grow client relationships and increase wallet share.
• Collaborate with Product, Technology, Operations, Treasury, and Risk teams to enhance platform capabilities and client experience.
• Represent State Street in the marketplace, helping build the firm's profile as a leading provider of financing and securities lending solutions.
• Monitor market developments, regulatory changes, and industry trends to identify new business opportunities and improve trading strategies.

Skills

Problem solving

Front-office trading experience

Communication skills

Adaptability

Tools

Bloomberg

Microsoft Excel

Job description

Who We Are Looking For

State Street Prime Services is an alternative to traditional prime brokerage, providing clients with the ability to borrow securities and obtain financing through a segregated custody model. This structure reduces counterparty risk, enhances transparency, and provides clients with greater control over their assets, delivering an efficient and capital-conscious solution for alternative investment strategies. Prime Services has been serving a global client base for more than fifteen years and remains one of the fastest-growing businesses within State Street.

Onsite - Jersey City

Who We Are Looking For

State Street Prime Services is an alternative to traditional prime brokerage, providing clients with the ability to borrow securities and obtain financing through a segregated custody model. This structure reduces counterparty risk, enhances transparency, and provides clients with greater control over their assets, delivering an efficient and capital-conscious solution for alternative investment strategies. Prime Services has been serving a global client base for more than fifteen years and remains one of the fastest-growing businesses within State Street.

We are seeking an experienced Securities Lending Trader to join our North American team. This individual will play a key role in managing and growing our securities lending franchise by developing client and counterparty relationships, sourcing and optimizing borrows, identifying new trading opportunities, and delivering financing solutions to institutional investors. The successful candidate will combine strong market expertise, commercial acumen, and relationship management skills to drive revenue growth and help expand State Street's presence in the securities finance landscape.

Due to the role requirements this job needs to be performed primarily in the office.

Why this role is important to us

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.

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

As a Vice President Securities Lending Trader in Prime Services, you will

• Borrow and lend securities to facilitate client short sales and financing activities across global markets.
• Manage and optimize inventory utilization, balancing client demand, funding considerations, regulatory requirements, and balance sheet efficiency.
• Structure and negotiate securities lending and financing transactions, identifying hard-to-borrow opportunities, special situations, and market dislocations to maximize profitability while effectively managing risk
• Provide market color, borrow intelligence, and trading insights to hedge fund clients, portfolio managers, sales teams, and internal stakeholders.
• Develop and maintain strong relationships with hedge funds, broker-dealers, agent lenders, and other securities finance counterparties.
• Partner closely with Sales and Client Management teams to grow client relationships and increase wallet share.
• Collaborate with Product, Technology, Operations, Treasury, and Risk teams to enhance platform capabilities and client experience.
• Represent State Street in the marketplace, helping build the firm's profile as a leading provider of financing and securities lending solutions.
• Monitor market developments, regulatory changes, and industry trends to identify new business opportunities and improve trading strategies.

What We Value

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
• 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

• 5+ years’ experience in Securities Finance trading
• 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
  
  
  

Salary Range

$170,000 - $173,750 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.

Employees are eligible to participate in State Street\u2019s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit
https://hrportal.ehr.com/statestreet/Home

About State Street

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.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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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-794858