Global Head of Secured Financing, Senior Vice President

Global Head of Secured Financing, Senior Vice President

Who we are looking for

State Street Secured Financing is a core business unit within State Street Global Markets (“SSGM”).  Acting in a principal capacity, Secured Financing provides secured investment and financing solutions, primarily through repurchase agreement (repo) trading services as well as through secured fund financing facilities.  These structures provides a scalable offering that service a broad range of buy side clients. 

Secured Financing is a global program, predominantly driven by the FICC sponsored member repo platform that allows clients to borrow or invest cash through the US Treasury repo market, but is also expanding globally to other CCPs as well as alternative intermediation structures that facilitate peer-to-peer execution.  Secured financing facilities provide various custody clients access to committed leverage, financed via our agency lending business. Secured Financing has been an evolving 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 dynamic executive to lead the Secured Financing organization globally. This role involves leading a team of professionals, responsibility for financial budgets, developing strategic plans, and fostering client relationships to drive sustained business growth. This individual will report directly to the Head of Financing Solutions, work closely with the SSGM senior leadership team and work collaboratively with cross-business and cross-organizational support functions (e.g., Treasury, Risk, Institutional Services, Segments/Sales, Marketing, Legal, Compliance).

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 Head of Secured Financing, Senior Vice President you will develop and drive the execution of the Secured Financing strategy, generating alpha for clients while achieving revenue, expense and return on capital targets:

• Be responsible for a material global revenue / NII budget
• Leads, mentors, and manages a high caliber growing team across North America, EMEA and APAC
• Fosters a performance culture that encourages innovation and collaboration
• Develops and implements strategic plans, including identification of new business opportunities
• Works closely with other senior executives to execute strategy, product and geographic expansion efforts, and scalable technology and operating model solutions
• Develops strategic relationships with key client contacts and ensures State Street is viewed as an integral, long-term partner
• Delivers highly valued solutions to clients, ensuring comprehensive and consistent delivery of services as their needs evolve
• Monitors market trends and competitor activities to stay ahead in the industry
• Develops financial budgets and drives global execution against clearly defined revenue, expense and NIBT metrics and milestones
• Creates a risk culture that ensures compliance with applicable regulatory provisions, internal and external audit reviews and overall risk controls
• Provides regular updates and reports to senior management on the division’s performance
• Represents State Street in key industry forums relating to repo, clearing and securities finance

What we value

The Head of Secured Financing requires senior leadership experience and advanced skills in areas such as:

• Demonstrated ability to achieve strategic business, financial performance and exemplary client satisfaction results
• Differentiate State Street’s brand and value proposition amidst a highly competitive industry and peer group
• Creative, outcome-driven influencer with demonstrated leadership and exceptional talent development capabilities
• Proven skillset in translation of global industry / client themes and trends into actionable strategy, partnering effectively with a wide range of internal and external constituents
• Comprehensive knowledge of market dynamics and regulatory landscape
• Ability to lead, prioritize and execute on multiple, simultaneous priorities and ini