- LOCATION:NONE
JOB DESCRIPTION$70,000 - $115,000 Annual
JOB DUTIES AND RESPONSIBILITIES
Repo Trader on the Global Cash Management Team
State Street Global Advisors is currently looking to hire a talented and highly motivated candidate for a Repo Trader within the Global Cash Management team. In this role, you will be responsible for the daily trading of reverse repurchase agreements secured by traditional and alternative collateral. You will work alongside senior portfolio managers of a variety of strategies which may include both registered funds, private funds, and/or Securities Lending Cash Collateral accounts - from our Boston location. It is a complex role, offering an opportunity to be a part of a core business unit within a fast-paced environment. We are looking for applicants with an undergraduate and/or graduate degree in business, economics, or finance (CFA designation, or progress towards, is a plus) who have at least 3-5 years' of relevant experience in financial services, Fixed Income or the money markets. The ideal employee has excellent analytical skills communicates ideas clearly, both verbally and in writing is able to work in an unstructured environment under tight deadlines enjoys working in a team environment demonstrates integrity and inspires trust and confidence in others.
JOB SCOPE
Responsibilities for the Repo Trader include, but are not limited to
- Assist and manage multi-billion dollar repo book based in Boston generate trade ideas and opportunities across the Cash portfolios.
- Ensure effective management of client portfolios in line with their respective investment objectives, guidelines and restrictions
- Ensure that the US reverse repo business within the team operate in compliance with internal and external regulations and escalation procedures are followed.
- Communicate regularly and clearly investment philosophy, process, and performance internally and externally.
- Work closely with Senior Portfolio Managers, assisting management with defining strategy and market opportunities, maintaining client relationships, business development and marketing.
- Specific daily responsibilities for managing the repo book
- Create and disseminate portfolio reporting.
- Execute repo transactions, manage dealer relationships.
- Assist pricing portfolio daily, manage haircut and collateral balances with dealers.
- Assist in counterparty and collateral risk management.
- Provide funding costs and investment opportunities to portfolio managers.
- Manage pricing, haircuts, relative-value with credit traders.
MINIMUM REQUIREMENTS
- Bachelor in
- Banking/Business/Economics/Finance
- Advanced Degree/CFA a plus
- At least 3-5 years of meaningful working experience
- Strong social and interpersonal skills
- Able to work in a demanding environment and handle pressure
- Meticulous, resourceful and critical individual
- Proficient in Microsoft Office applications, Bloomberg
Across the world, institutional investors rely on us to help them handle 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 critical to our continued success.
Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our values. It's also part of our dedication to inclusion, development and engagement, and corporate social responsibility. You'll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.
State Street is an Affirmative Action/ Equal Opportunity
Employer/Vet/Disability.
About State Street Global Advisors
As the asset management arm of State Street Corporation, State Street Global Advisors has served the world's governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become one of the world's largest asset managers with trillions of dollars under our care.
What We Do.
At State Street Global Advisors our mission is to invest responsibly to enable economic prosperity and social progress. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.
Our Mission.
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.
Work, Live and Grow.
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.
Inclusion, Diversity and Social Responsibility.
State Street is an equal opportunity and affirmative action employer.
Company State Street Global Advisors
Salary Range
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.