Financing Solution

Who we are looking for

The Prime Services and Secured Financing Trading Team is seeking to expand its footprint with an opportunity at ‘Officer’ level based in Hong Kong. This is the opportunity to be part of a small specialized and experienced trading team right at the forefront of frontier growth markets, working together to build stronger outcomes for our clients; there are significant opportunities to work with deep datasets to extrapolate value, working closely with our Trading and Algorithmic Solutions team in Boston. Consideration will be made to those who express a strong interest in global Fixed Income and Equity Markets, and those confident enough to take a view on something and be comfortable enough questioning the status quo.

Your job as a Prime Services and Repo Trader will be to learn the ropes quickly, assuming a role as a contributor to the bottom line; you will be expected to build your career and develop a network within the Securities Finance market and within the firm; you will be expected to act consistently and conscientiously, with the best interests of our clients in mind, to trade on a principal basis in an efficient, effective and profitable manner.

Over your time in the team, you will be exposed to a great mix of technology, innovation, operations, sales, trading, marketing, strategy, and relationship management. Support will come from on the job training, along with regular catch up sessions with your manager; there will be some latitude in the role, if you are hungry by nature and a self-starter, you will likely excel.

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.

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 Financing Solution - Prime Services and Repo Trader – Officer you will

Provide trading flow and market color to borrowing and repo clients.

Actively manage clients locate request and response process via portal, Bloomberg, email or telephone in a prompt and expedient manner.

Manage securities lending book. Value, price and input securities lending transactions; optimize short positions coverage over dividend record dates; fully utilize long positions to maximize revenue opportunities.

Manage repo and reverse repo activities. Quote rates, allocate cash and collateral balance with repo clients and counterparts, send trade confirmation and input transactions in system.

Work with Operations teams to manage collateral financing forecasting and ensure sufficient collateral coverage to fund borrowing requirements.

Facilitate all pending settlement issues by liaising with middle-office, operations teams to ensure timely and accurate trade settlement.

Manage post-trade book and record to ensure accuracy.

Continually seek for improvements in all areas of trading and other areas associated.

What we value

These skills will help you succeed in this role.

Primarily dealing and interacting with clients and street counterparts and such like, hence requiring exceptionally strong communication skills with an outgoing nature.

Need to be able to work well under pressure and in a team environment.

An ability to show lateral thinking and offer flexibility in solution making processes.

Essentially, this role needs a friendly, confident, persistent yet assertive individual.

Education & Preferred Qualifications

Degree level (BA, BSc…or international equivalent) is preferred.

Focus is for Mathematics and Technology orientated subjects.

Bi or Multilingual speaking would be very beneficial and pertinent to the role.

Securities & Futures Commission (SFC) registered Type 1 (Dealing in Securities) is preferable.

A preference is for a candidate to have a sound knowledge and understanding of Securities Finance, particularly within the field of Global Securities Financing (1-2 years).

Full training will be offered within a trading desk environment, although being able to work on your own initiative at times is a pre-requisite.

Corporate Action experience definitely highly valued

Strong analytical skills required; must be able to understand how market events translates into “value” within securities lending and repo activities.

Strong PC skills/proficiency a must; programming skills (such as VBA, Python) would be advantageous.

Prior Securities Lending/Prime Brokerage/Securities financing experience would be helpful.

Additional requirements

Flexibility in working hours is required as market conditions can dictate various alterations in the day-to-day business. General trading hours span from 7am to 5pm.

Office based role.

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.