Global Head of Secured Financing Trading, Managing Director

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 daily
• Manage of two traders in North America and oversight of four traders across EMEA and APAC
• Drive trading revenue/NII to meet budget targets for the repo business lines, considering return metrics
• Lead 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 funds
• Serve as a senior contact to a number of top tier alternative funds covering various  levered, government bond financing strategies
• Maintain and develop supply/sell side relationships to ensure proper collateralization
• Support 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 clients
• Ability to partner with Treasury to influence and manage balance sheet resourcing
• Influence budget and forward looking strategy
• Partner 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 markets
• Experience and demonstrated results managing a performance-driven team and cultivating talent
• Superior problem solving, analytical, and technical skills
• Experience working in fast-paced, front-office financial markets environment throughout cycles; 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
• Self-starter; creative and willing to challenge current paradigms
• Innovative client-centric solutioning buoyed with a shareholder mindset
• Demonstrated ability to build networks and work across groups and jurisdictions
• Strategic thinking, who can see the forest through the trees
• Demonstrated knowledge of electronic trading products and systems
• A risk-excellence mindset, awareness and alignment with internal and regulatory policies and procedures with a strong focus on program re