Securities Finance Client Management/Business Development Intern

Job title: Securities Finance Client Management/Business Development Intern

Job description: Who we are looking for

State Street’s Securities Finance (SF) division is functionally organized into three main areas – Business Development, Client Management and Trading – in addition to many support and management functions that span the three Securities Finance 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 the agency lending space. The EC and AFS products are more recently established and are among the fastest growing products at State Street.

As a client management/business development intern, you must be able to learn the Securities Lending product in a fast-paced environment. You will work closely with Client Managers that service our institutional investor clients as well as different teams including trading, risk, operations, reporting, and portfolio management. In this front –office position, you are expected to work under pressure in a fast-paced environment in order to support time-sensitive client deliverables and division sales effort. You will have the opportunity to work with State Street Managers and clients from all three regions, North America, EMEA and APAC.

Why this role is important to us

The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

Join us if making your mark in capital markets industry from day one is a challenge you are up for.

What you will be responsible for

As a Securities Finance Intern you will

• Run Revenue and profitability estimates
• Complete various client reporting and one-off requests
• Assist in Client Prospecting
• Complete short-term Ad-hoc projects
• Prepare Client Presentations

What we value

These skills will help you succeed in this role

• Knowledge of the Securities Finance industry and Sales and Relationship Management Business
• Learning of Agency Lending core products
• Familiarity with our client’s industry such as Mutual Funds, Pension Funds and Insurance Company
• Understanding of different financial fields such as Relationship Management, Trading, Risk, Portfolio Management, Compliance and Reporting
• Skills in Excel, PowerPoint, Thomson Reuters and other software

Education & Preferred Qualifications

• To excel in this internship you should be outgoing, fast-learner, self-starter and have strong communication skills
• You must be able comfortable interfacing with institutional clients as well as multiple teams on the trading floor including trading, risk, operations, reporting and portfolio management
• Basic knowledge of financial terms and concepts
• Experience with Microsoft Excel is required. Bloomberg/Thomson Reuters are a plus
• Python knowledge is preferred but not necessary

Additional requirements

Only students enrolled in a full-time academic program who are eligible to work in Canada will be considered for this role.

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.

Discover more at StateStreet.com/careers

Company: State Street

Expected salary:

Location: Toronto, ON

Job date: Fri, 14 May 2021 02:30:08 GMT