Who we are looking for State Street Prime Services is seeking a motivated and analytically minded professional to join our Trading team. As part of the Trading team, you will help us manage the existing book of business and grow our share in a competitive market landscape. 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. 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 Markets (SSM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSM business units. As our investment research and trading arm, SSM'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 a trader on the Prime Services team, you will;
- Drive our trading optimization and development strategy globally
- Provide quantitative analysis of the program, identifying themes to discuss with partner teams in Sales, Client Management, and Product Development to deliver an exceptional product experience for our clients
- Support the automation of trading processes, improving efficiency and scalability
- Leverage machine learning methods to enhance securities lending pricing algorithms
- Borrow and lend securities to cover and manage clients' short positions
- Financial resource optimization and risk management to drive returns
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
- Strong skills in modeling and programming - Experience programing in procedural/object-oriented and/or scripting languages: Python (preferred)/Java/C++
- Comfortability working with large volumes of structured and unstructured data
- 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 - Strong programming background
- Experience in Securities Finance trading is a plus
- Proficiency in Bloomberg and Microsoft Office, specifically Excel
- Comfortability with modern data management tools (e.g., Databricks)
- Self-starter, motivated by making the entire team successful
- Bachelor's degree in a technical or analytical discipline such as Computer Science, Mathematics, Statistics, Economics, Finance, or Engineering preferred
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 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: $120,000 - $120,000 Annual
The range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit
About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
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.
Never miss an opportunity! Create an alert based on the job you applied for.
