Front Office Trading Services, VP - EFC (Prime/Equity Swaps) - State Street Markets

Job Title:              Front Office Trading Services, EFC (Prime/Equity Swaps, VP)

Location:              UK-London

Job Description

Who we are looking for 

We are looking for a motivated candidate who is eager to learn and expand their analytical and communication skills, while providing day-to-day support for Client Management and Sales & Trading teams within Execution, Financing and Clearing business.

Great learning opportunity to get immersed in Execution, Financing, and Clearing business, working closely with Client Management and Trading teams! In-office presence is required.

The Front Office Trading Services (FOTS) team provides support across the globe (North America, Europe, and Asia-Pacific) for State Street Market’s Client Management, Sales & Trading Desks and acts as the primary liaison for external and internal clients. In addition to trading support and client services, the team works closely with Operations groups and participates in projects related to new trading initiatives, platform onboarding, integration, testing, and implementation planning. 

 
Why this role is important to us 

The team you will be joining is 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 unit. 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 we value 

These skills will help you succeed in this role 

·         Strong willingness to learn systems, processes and new technical skills 

·         Ability to work as part of a team and under own initiative as well 

·         Ability to work under pressure and manage multiple priorities in a deadline driven environment 

What you will be responsible for 

As Front Office Trading Services team member you will:

·         Partner with Client Management and Sales & Trading to oversee operational lifecycle, from settlement through to maturity / termination; resets, rolls, partial / full unwinds, amendments, dividends, corporate actions.

·         Manage and oversee key financing activities such as checking financing rates / spreads, benchmark rates, fees, commissions, dividend levels & other swap economics against agreed terms. Escalating any discrepancies with the trading desk.

·         Serve as the primary point of contact between the Front Office and Operations, proactively monitoring daily processes, resolving breaks, managing escalations, and coordinating issue resolution across trading, operations, technology, finance, collateral risk, and external counterparties.

·         Monitor trade activity arriving in Traiana; Ensure correct book, counterparty, security, direction, notional, price, dates, currency, financing terms, settlement dates

·         Respond to client, broker, and internal inquiries related to trade affirmations, trade economic disagreements, and trade settlements.

·         Perform reconciliations and data quality reviews to ensure the accuracy and integrity of trade, position, collateral, and financing records, investigating and resolving discrepancies in a timely manner.

·         Produce and distribute client and management reporting, including financing activity, collateral, fee and rebate, pledged collateral, exception management, and bespoke client reporting requests.

·         Provide the desk with reliable intraday / overnight position information; flag any unexpected position movements, stale / mossing trades or booking anomalies.

·         Act as a subject matter expert for Prime Physical and Prime Swaps processes and controls, participating in strategic initiatives, business change programs, new product implementations, audits, regulatory reviews, testing efforts, and process improvement projects.

·         Identify opportunities to streamline workflows, enhance controls, improve data quality, and drive operational efficiencies through collaboration with Technology, Business Analysis, Operations, Credit Risk, Compliance, and other business partners.

·         Build and maintain strong working relationships with internal and external stakeholders to effectively resolve issues, improve service delivery, and support business growth initiatives.

·         Adhere to all business controls, policies, and operational procedures, ensuring risks are effectively managed, and regulatory, compliance, and governance requirements are consistently met. 

Education & Preferred Qualifications 

·         Bachelor’s degree or equivalent

·         12+ financial services industry and exposure to equity swaps

·         Client-facing experience is preferred but not required 

·         Excellent communication, interpersonal and relationship skills 

Additional requirements 

·         Strong analytical and problem-solving skills 

·         Very strong attention to detail 

·         Familiarity with Microsoft Office applications and CoPilot – Word, Excel, Access, PowerPoint

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.

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