Global Head of Agency Securities Lending, Senior Managing Director

Who we are looking for

Since the 1970’s, Agency Securities Lending has been a core business unit within State Street Markets (“SSM”).  With over $5 trillion in lendable assets and an extensive global operating model, State Street’s Agency Lending program is recognized as one of the premier programs in the world, recently recognized as both the Global and Americas Lender of the Year, respectively, and for the ESG Initiative of the Year, by Securities Finance Times (Excellence Awards).

As a strategic & visionary leader you will oversee the entire global business and report directly to the Head of Financing & Portfolio Solutions, work closely with the SSM senior leadership team, and liaise collaboratively with cross-business and cross-organizational support functions (e.g., Institutional Services, Investment Management, Global Client Division, Legal, Treasury, Risk, Compliance, etc).

Why this role is important to us

The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success.

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 Global Head of Agency Securities Lending you will:

• Develop and drive the execution of strategic priorities and financial budgets, generating alpha for clients while executing against clearly defined revenue, expense, and return on capital metrics and milestones
• Deliver highly valued solutions to clients, ensuring comprehensive and consistent delivery of services as their needs evolve
• Work closely with other senior managers to execute business unit strategy, product and geographic expansion efforts, and a scalable technology and operating model solution
• Ensure State Street delivers a world class product as measured by market share, client satisfaction scores and various industry rankings
• Develop strategic relationships with key client contacts and ensures State Street is viewed as an integral, long-term partner
• Dynamically foster a culture encouraging innovation and collaboration, especially between headquarters and all regional offices
• Represent State Street in key industry forums relating to securities financing
• Create a risk and compliance culture that ensures adherence with applicable regulatory provisions, internal and external audit reviews, and overall risk controls
• Develop and socializes thought leadership and brand awareness via tactical and strategic marketing plan
• Effectively develop, motivate, and retains a high caliber, diverse, team across NA, EMEA and APAC, measured via employee engagement scores

What we value

The Head of Agency Securities Lending requires senior leadership and advanced skills including:

• Demonstrated ability to achieve strategic business, financial performance, and exemplary client satisfaction results
• Proven skillset in translation of industry / client themes and trends into actionable strategy, partnering effectively with a wide range of internal and external constituents
• Ability to lead, prioritize and execute on multiple, simultaneous priorities and initiatives
• Exceptional talent development capabilities
• Comprehensive knowledge of market dynamics and regulatory landscape
• Excellent verbal and written communication skills

Education & Preferred Qualifications

• Minimum of 15 years of Financial Services experience, preferably with extensive Securities Lending background
• MBA, CFA, or similar, strongly preferred
• Experience leading a high performing, global team
• Experience running a securities financing franchise at scale
• Significant ownership of tier-1 beneficial owner relationships

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.

Salary Range:

$300,000 - $337,500 Annual

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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage 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 essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.