ENHANCED CUSTODY TRADING (STATE STREET GLOBAL MARKETS)
Enhanced Custody - Trading Group
AVP

OVERVIEW
State Streets Enhanced Custody (EC) 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. EC has been in business for over ten years, has a global client base, continues to experience exponential growth, and is currently one of the fastest growing products within State Street.

JOB SUMMARY
The role resides in the trading group, which is responsible for the coverage and management of our clients short positions. The group is responsible for interfacing with our clients, providing locates for new short positions, borrowing securities to cover these short positions, and then managing these positions throughout the life of the trade. Due to the high level of interaction that the group has with EC clients, members of the team are directly involved in relationship management and development for both existing and prospective clients. The trading group works closely with Client Management, Technology, Risk, and other areas of the firm in order to deliver a cohesive product to our clients.

As a member of the team, you will have the opportunity to interact with clients and a variety of internal groups. You will be required to learn the basic functions of the trading group, and then eventually add value by improving processes to optimize efficiency for the group. Communication and interpersonal skills are a must due to the heavy interactivity of this role with other stakeholders. You will learn all sides of securities lending, financing, and the regulatory rules impacting Banks.

QUALIFICATIONS

• Superior problem solving, analytical and technical skills

• Experience working in fast-paced, front office financial markets environment (Prime Brokerage experience a plus) ; 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

• Proficiency in Bloomberg and Microsoft Office, specifically Excel.

• Bachelors degree from a technical discipline

• Maximum of 5 years of experience