Securities Finance Product Strategy Analyst, AVP

7 days left

State Street Corporation
Boston, USA
Aug 24, 2021
Sep 23, 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
State Street's Securities Finance (SF) division encompasses three products: Agency Lending, Enhanced Custody (EC) and Alternative Financing Solutions (AFS). These products allow State Street clients to generate income, facilitate short sales or generate financing through the lending and borrowing of Securities. The Agency Lending product is a long-established business and State Street is considered an industry leader in this space. The EC and AFS products are more recently established and are among the fastest growing products 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
As a Product Strategy Analyst, you would be responsible for implementing & developing product strategy, delivering new products, managing regulatory change and providing business solutions to the evolving industry. This involves evaluating new product proposals against current capabilities and working across all areas of the business to define and plan any necessary changes. The team works hand-in-hand with the Trading, Operations, Relationship Management, Legal, Risk, Finance, Regulatory, Compliance and Technology functions to ensure all perspectives have been considered and incorporated. Work is not complete until every aspect of the project is thoroughly documented. We measure our success by both the amount and quality of new product implementations we are able to bring to market for our business.

  • Lead working groups around a variety of strategic initiatives, from bespoke trade ideas to broader product launches and market wide initiatives; Manage these projects to implement solutions from start to finish
  • Collaborate with SF management, colleagues and peers at all levels in Securities Finance and across the bank to brainstorm, vet, design and implement solutions to complex business problems related to both supporting the existing business as well as expanding the business to include new products
  • Assist SF in meeting annual financial targets and executing strategic initiatives. Complete due diligence and obtain approvals for products that will add revenue to Securities Finance business areas
  • Ensure the scope of projects are clear and have been thoroughly vetted and review with key areas of Securities Finance and the bank before new products are implemented
  • Assist in raising awareness of and identifying mitigants to risk to the borrower, lender and corporation during the due diligence process for new products and existing product changes
  • Be the subject matter expert on relevant projects to assist teams in understanding and selling products and successfully deploying new products to clients
  • Maintain and continuously develop knowledge around core products of business unit, regulations and markets
  • Communicate approved enhancements and expansions globally
  • Run and manage internal Securities Finance Product Development and Product Oversight Committees (if applicable)
  • Maintain and continuously develop knowledge around core products of business unit, regulations and markets
  • Present and participate as a SME on in-person and teleconference service updates to clients and prospective clients from a Securities Finance strategy perspective

Education & Preferred Qualifications
  • 5-7 years of experience in financial services, preferably in securities lending, repo, custody or equity finance
  • Intellectual curiosity, creativity and a willingness to challenge status quo
  • A broad, authoritative knowledge of Securities Finance and Prime Brokerage
  • Ability to form and cultivate relationships with both clients, counterparties and internal partners
  • Ability to lead, prioritize and execute on multiple simultaneous priorities and initiatives
  • Excellent verbal and written communication skills
  • Excellent Communication Skills
  • MBA, CFA or similar strongly preferred
  • Project management experience is preferred

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.
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