Repo Trader, Officer - Boston, United States - State Street

State Street

Verified Company

Boston, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

JOB DUTIES AND RESPONSIBILITIES:
Repo Trader on the Global Cash Management Team

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, relativevalue with credit traders.

MINIMUM REQUIREMENTS:

Bachelor in Banking/Business/Economics/Finance from a recognized university
Advanced Degree/CFA a plus
At least 35 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

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

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.

State Street is an equal opportunity and affirmative action employer.

LI-Hybrid

Salary Range:
$70,000 - $115,000 Annual