State Street Prime Services is expanding its product offering to include Equity Swaps to meet client demand and provide a more efficient and cost-effective way to manage alternative investment strategies. The company is looking for a VP Equity Swaps Trader to build and manage this new offering.
Requirements
- 6+ years US/Canada Delta One trading experience in the Synthetic Prime space is required
- Strong understanding and knowledge of equity market and equity swap mechanics
- Proficiency in Bloomberg and Microsoft Office, specifically Excel
Responsibilities
- Serve as a lead swap trader and product owner in the US as we launch and build out our global swaps 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
Other
- Act as a primary point of contact for equity swaps for top-tier global funds across various strategies in North America
- Play a key role in shaping the product roadmap by contributing ideas, challenging assumptions, and working through complex design decisions with cross-functional teams
- Work closely with Treasury and Financial Resource Management teams to support and grow the business efficiently
- Superior problem solving, analytical, and technical skills
- A proactive, opinionated mindset with a strong desire to influence product direction and decision-making
- 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
- An extremely flexible, hands-on approach with a “do what it takes” mentality and a willingness to challenge current paradigms
- Strong team orientation with a collaborative mentality; thrives in cross-functional environments and values shared success.
- 6+ years of securities markets/equity finance experience
- Self-starter, motivated by making the entire team successful
- May require travel up to 10 %
