Algorithmic Trading Strategist, Securities Finance, Global Markets, Vice President/Assistant Vice President at State Street

Posted in General Business 15 days ago.

Type: Full-Time
Location: Jersey City, New Jersey

Job Description:

Who we are looking for

Street Securities Finance is an industry leader in the Securities Lending space that allow our clients to generate income, facilitate short sales or generate financing through the lending and borrowing of securities.

Our Securities Finance Algorithmic Trading Group (ATG) is responsible for distribution and portfolio management of electronic assets across the Securities Finance products, specifically all algorithmic trading, asset and portfolio-level pricing, financial resource optimization and risk management. In addition, our group is the key contact in Securities Finance regarding emerging technology and frequently prototype solutions dealing with Machine Learning, Natural Language Processing and others. This role will specifically reside in our Enhanced Custody / Prime Brokerage Lending product which is one of the biggest growth businesses at State Street.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. 

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

We are looking for an Algorithmic Trader with knowledge of the Prime Brokerage space. To succeed,  a detail oriented quick learning background with a proven ability to excel in the fast-paced trading floor environment is a must.  In addition, strong communication skills (both verbally and written) and be willing to engage with our counterparties and internal colleagues. Superior quantitative and analytical skills plus experience utilizing structured programming languages and Excel are required that will allow manipulation and analysis of very large datasets.

As an Algorithmic Trading Strategist, you will be responsible for trading all electronic assets which includes algorithmically pricing, dynamic distribution, and portfolio optimization / financial resource management (FRM). Working with the other members of the team, you will be responsible for designing, analyzing and deploying algorithmic and automated trading strategies to create alpha within a structured and efficient framework relying heavily on your quantitative skills. You will have the opportunity to present on these initiatives and will be asked to articulate the process and results to a wide audience of varying levels of quantitative experience including internal and external parties.

You will be challenged to explore and spearhead new institutional technology initiatives to create and enhance trading products to allow Enhanced Custody to continue to grow. You will be responsible for continuously educating yourself on industry changes and obtaining updates on relevant market and financial technology developments.  Also participate as a subject matter experience (SME) on a variety of regulatory, operational, client and IT projects from an Algorithmic Trading perspective.

 Securities Finance is composed of three products – Agency Lending (AL), Enhanced Custody (EC) and Alternative Financing Solutions (AFS). Securities Finance places a strong emphasis on collaboration and talent development and there will be many opportunities to work closely with our Business Development, Client Management, Trading, Technology, Operations and Risk teams when enhancing our operating model.

Education & Preferred Qualifications

  • Minimum of 5 years of experience working in fast-paced, front office financial markets environments (Prime Brokerage or Securities Lending experience is a plus) required; Deeply engaged and comfortable with the markets and trading

  • Superior problem solving, analytical and technical skills: experience analyzing, understanding and merging large data sets to uncover correlations and construct algorithmic trading strategies; comfortable with ambiguity and able to make decisions with imperfect and missing data

  • Strong skills in modeling and programming - Experience programing in procedural/object oriented and/or scripting languages: Python (preferred)/Ruby/C++/Java

  • Statistical modeling and back-testing experience a plus: Pandas (Python)/MATLAB/SA

  • Relational database experience a plus: Sybase, Oracle, Access

  • Experience with Machine Learning and Natural Language Processing a plus

  • Excellent Microsoft Excel Proficiency

  • Outstanding communication (written and verbal) and interpersonal skills; Ability to interact professionally with business leaders and technical teams alike across multiple levels of the organization

  • Extremely flexible with a “do anything” mentality”; creative and willing to challenge current paradigms

  • Ability to work both independently, as a member and leader on a team

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.