Securities Lending Trader

The Securities Lending Trader assists multiple clients, internal and external, including PCG Financial Advisor(s), various internal trading desks, Hedge Funds and Counterparties. The Securities Lending Trader is responsible for the opening, management, and closing of both long and short positions of all types of securities via Reg T margin financing, Repo financing, Securities Lending, Fully Paid Lending and Reg U. This position requires strong knowledge and experience across all products, account types and related systems.

• Perform lending, borrowing, short sale authorization functions related to servicing internal and external client accounts; Financial Advisors, Internal trading groups, Hedge Funds, Counterparties, etc.
• Work with customers daily through setting rates, structuring loans, borrows, Repo financing and Reverse Repo transactions to provide liquidity, settlement and optimization of the existing positions.
• Work with Financial Advisors managing all aspects of a Fully Paid Securities Lending program.
• Organize and assist in the maintenance of client accounts and trades, related records for the all internal and external customers.
• Perform operational functions for client related requests.
• Provide reports and other information to management, as requested.

• Knowledge of the Securities Lending, REPO and Rates, Structured Credit markets, including but not limited to: procedures, regulations, best practices, markets and related systems, ECNs, exchanges, and relationships, etc.
• Strong understanding of the investment brokerage industry, investment products, securities regulations, trading, operations, custody, banking systems.
• Excellent communications skills, grammar, professional phone/office etiquette and practical problem solving skills.
• Strong focus on providing exemplary client service.

• Minimum Required: Bachelor's degree in Finance or related field, or equivalent work experience.
• Minimum Required: 10+ years related industry experience.

• Minimum Required: Series 7.

• Proficient in Microsoft Excel, Word, PowerPoint, Outlook.
• Experience with the following software: BETA, DTCC, FIS, Bloomberg Terminal.#LI-JK1

Salary: USD $131,000.00/Yr. - USD $197,000.00/Yr.

Actual salaries may vary, and may be based on several factors, including but not limited to each candidate’s qualifications, skills, and overall competencies for the position. The base salary is one component of Stifel’s overall compensation package for each individual employee. Other benefits and offerings include, but not limited to, discretionary bonuses, health / dental / vision / prescription insurance offerings, Stifel Total Health Connect, flexible spending accounts, tuition & certification assistance programs, paid time off, and much, much more! To view a more comprehensive list of Stifel’s current offerings, please visit https://www.stifel.com/careers/benefits. Applications are accepted until the position is filled.

Stifel is more than 130 years old and still thinking like a start-up.  We are a global wealth management and investment banking firm serious about innovation and fresh ideas.  Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

 

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations.  Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more.  Let’s talk about how you can find your place here at Stifel, where success meets success.

 

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

 

Stifel is an Equal Opportunity Employer.