Global Head of Secured Financing Trading, Managing Director

Who we are looking for

State Street Secured Financing provides secured investment and financing solutions, primarily through repurchase agreement (repo) trading services.  The principal repo trading business is a global program that focuses on cleared transactions across multiple CCPs.  Today, the business is predominantly driven by the FICC sponsored member repo platform that allows clients to borrow or invest cash through the US Treasury repo market but continues to expand.  These structures provides a scalable offering that services a broad range of buy side clients.  

Secured Financing has been in business for over seven years, has a global client base, continues to experience exponential growth, and is currently one of the fastest growing products within State Street.

SSGM seeks a Head of Secured Financing Trading to help us manage the existing global book of business and grow our share in a competitive market landscape.  This involves leading a team of traders responsible for driving financial budget outcomes while servicing clients though an expanding set of trading solutions.  The individual will report to the Head of Secured Financing.

This role will be based in Boston, MA. Internal candidates will be considered for this role.  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 Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’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 Global Head of Secured Financing Trading, MD you will

Own and be accountable for all repo trading activities globally, including matched book activity in the FICC Sponsored Repo program inclusive of over 150 clients trading dailyManage of two traders in North America and oversight of four traders across EMEA and APACDrive trading revenue/NII to meet budget targets for the repo business lines, considering return metricsLead global trading desk expansion across North American, European, and Asia-Pacific desks. Execute funding for the Treasury division globally for all repo funding and investment portfolio needs.Serve and develop cash investment fund manager relationships, providing color across short term PMs, treasurers and traders of asset owners, asset managers, and alternative fundsServe as a senior contact to a number of top tier alternative funds covering various  levered, government bond financing strategiesMaintain and develop supply/sell side relationships to ensure proper collateralizationSupport product strategies that will lead to new business and improved financing opportunities.Work closely with partner teams in Sales, Client Management, and Product Development to deliver an exceptional product experience for our clientsAbility to partner with Treasury to influence and manage balance sheet resourcingInfluence budget and forward looking strategyPartner with the State Street’s Research department to generate content for client distribution

What we value

These skills will help you succeed in this role

Extremely strong market knowledge across repo and money marketsExperience and demonstrated results managing a performance-driven team and cultivating talentSuperior problem solving, analytical, and technical skillsExperience working in fast-paced, front-office financial markets environment throughout cycles; deeply engaged and comfortable with the markets and tradingOutstanding communication (written and oral) and interpersonal skills; ability to interact professionally with business leaders and technical teams alikeSelf-starter; creative and willing to challenge current paradigmsInnovative client-centric solutioning buoyed with a shareholder mindsetDemonstrated ability to build networks and work across groups and jurisdictionsStrategic thinking, who can see the forest through the treesDemonstrated knowledge of electronic trading products and systemsA risk-excellence mindset, awareness and alignment with internal and regulatory policies and procedures with a strong focus on program resiliency

Education & Preferred Qualifications

10+ years in repo trading and matched book activities; experience in FICC sponsored repoProficiency in Bloomberg and Microsoft Office, specifically Excel

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.

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