Equity Swaps Trader – EMEA, Vice President, Onsite

Who We Are Looking For

State Street Prime Services 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 greater control over assets. The result is a more efficient and cost-effective way to manage alternative investment strategies. Prime Services has been in business for over fifteen years, has a global client base, continues to experience exponential growth, and is currently one of the fastest growing products within State Street. We are looking for a VP Equity Swaps Trader in London to help us build and manage our Prime Services Equity Swap offering for European markets.

Due to the role requirements, this job needs to be performed 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.

In order to meet client demand and Prime Services are expanding their product offering to include Equity Swaps: a market standard Portfolio swap and a flexible Total Return Swap to suit client needs.

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 VP Equity Swaps Trader – EMEA, you will:

• Act as the primary point of contact for equity swaps for top-tier global funds covering various strategies in EMEA
• Serve as the lead swap trader and product owner in Europe as we build out our offering
• Actively monitor and manage financial risk within the swaps trading book
• Ensure swap and hedge bookings are being managed in compliance with market regulations and risk limits
• Ensure swap bookings align with client allocations, dividends and corporate actions are processed accurately, and resets performed correctly
• Reconcile daily PNL and delta exposures and ensure exceptions are explained, investigated, and addressed in a timely manner
• Collaborate across various stakeholders in the organization, including Risk, Compliance, Legal, Ops/Middle Office, and IT to continuously build, develop, and grow our product footprint
• Partner with Sales, Client Management, and Product Development to deliver an exceptional product experience for our clients
• Work closely with Treasury and Financial Resource Management teams to support and grow the business efficiently

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

• 6+ years of securities markets/equity finance experience
• 6+ years of previous Delta One trading experience (with knowledge of EMEA markets) is required
• Strong understanding and knowledge of equity market and equity swap mechanics
• 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

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.

Discover more at StateStreet.com/careers