Global Head of Agency Securities Lending, Senior Managing Director

State Street•Jersey City, NJ

About The Position

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.

Requirements

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
Minimum of 15 years of Financial Services experience, preferably with extensive Securities Lending background

Nice To Haves

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

Responsibilities

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

Benefits

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.
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks

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