About the Role
We are seeking an ambitious and highly analytical Junior Securities Lending Trader to join our securities lending trading desk. This entry-level role is designed for a high-potential candidate eager to develop a deep understanding of securities finance, market liquidity, and front-office execution.
Responsibilities
- Execute and manage the lifecycle of securities lending transactions.
- Monitor daily inventory utilization and borrower requests.
- Price and negotiate lending fees for routine flow trades.
- Identify yield-enhancement opportunities and pitch inventory to borrowers.
- Maintain daily contact with borrowing counterparties to handle routine flow, locate requests, and trade queries.
- Strengthen existing counterparty relationships and identify new avenues for flow.
- Gather market intelligence from counterparties regarding market demand, competitor pricing, and borrow needs.
- Collaborate with Trading, Operations, Product Management, and Technology teams.
- Contribute to projects that enhance trading processes, analytics, and operational efficiency.
- Analyze lending fees, utilization rates, and borrower demand to identify market squeezes or specials.
- Stay informed about macro market developments, central bank rate decisions, and funding market dynamics.
- Assist in maintaining and improving pricing models and tracking spreads.
- Help produce daily trading reports, desk revenue metrics, and utilization dashboards.
- Support initiatives to automate routine trading workflows, borrow requests, and data feeds.
- Ensure all executed trades are accurately booked, matched, and reconciled.
- Monitor settlement activity, minimize trade fails, and manage buy-ins or recalls.
- Adhere strictly to internal risk limits, regulatory requirements, and trading controls.
- Escalate operational issues, settlement discrepancies, or risk exceptions promptly.
Requirements
- Bachelor’s degree in Finance, Economics, Mathematics, Engineering, Computer Science or a related discipline.
- 0 to 1 year of experience in financial markets (e.g., a relevant internship, placement, or graduate program in trading, treasury, repo, or prime brokerage).
- Strong foundational understanding of financial markets, interest rates, and the mechanics of securities lending/borrowing.
- Exceptional numerical and analytical skills; comfortable working with large datasets to drive trading decisions.
- Advanced proficiency in Microsoft Excel and VBA coding.
- High attention to detail.
- Ability to work under pressure in a fast-paced environment.
- Excellent interpersonal skills to build, maintain, and develop strong relationships with counterparties.
- Basic understanding of repo markets, cash collateral reinvestment, or funding/liquidity management (desirable).
- Experience with Python, SQL, or Power BI (desirable).
- Progress towards or interest in pursuing the CFA, CISI, or equivalent financial certifications (desirable).
- Fluent English.
- Working skills in French, German or Italian (a plus).
Skills
- Securities Lending
- Trade Execution
- Inventory Management
- Pricing
- Relationship Management
- Market Analysis
- Data Analysis
- Microsoft Excel
- VBA Coding
- Python
- SQL
- Power BI
Location
- N/A
Work Type
- N/A
Experience Level
- 0-1 year
Education Level
- Bachelor's degree
