Vp, Securities Lending Trader

New York
We have an exciting opportunity to extend our Global Equity Finance (EQF) business to the US region. As part of this successful and highly supportive team, you’ll be helping to drive business growth and increase profitability. You will be focused on trading primarily hard to borrow and GC, with our client base. You will also build strong relationships with our supply and demand counterparties including dealers, agent lenders, long only asset managers and hedge funds.
On a daily basis, you will be working to identify and execute profitable financing trading opportunities across European and US markets, provide pricing to clients and manage risk. You will be working in close collaboration within a team covering the full suite of Equity Finance products (Securities Lending, Repo and Synthetic Financing) across equities and government fixed income securities. You will be expected to have/develop strong understanding of the full spectrum of Equity Finance activities and will be encouraged to think strategically to grow the business.
Effective risk and control management is crucial; working to ensure trading risks are foreseen, managed, and escalated within the group framework is a vital part of role. We manage this by leveraging tactical tools for process automation and analytics, engaging with our wider team on strategic system enhancement and by identifying and mitigating operational risk. Strong communication skills are key in this role. We strive to achieve best practice across all our trading activities.
As a talented and passionate individual, you’ll have a well-developed understanding of equity markets with prior experience trading SBL and a desire to learn in the areas of Securities Lending/Repo, Equity Swaps, Funding Instruments, FX and Interest Rate concepts. Having strong numerical skills and a high level of proficiency in Excel is a pre-requisite. You’ll enjoy working in a fast-paced environment and be confident in making sound judgement calls when evaluating risk and reward.
You’ll have an appreciation for legal, accounting and capital concepts such as entity structures, profit & loss, balance sheet, ISDA/GMSLA/GMRA documentation and be experienced in taking a disciplined approach to risk management.
To be successful in this role, you will have:

• Strong skills in risk management, particularly interest rate risk
• Strong knowledge of the various securities financing vendors
• Minimum of 5 years of prior hard to borrow trading experience
• Strong understanding of US stock loan policies and protocols including buy-ins, operations and the settlement cycle
• Technology skills: ability to drive technology enhancements is essential. Coding skills will be beneficial
• Strong ability to communicate: verbal and written
• Product experience in Stock Loan. In addition, UST Repo & Total Return Swaps experience is helpful
• Experience with Funding, balance sheet, credit risk, interest rate, FX and capital optimisation will be beneficial.

Salary range for this position: $162,000 - $253,000/Year. Actual base salary may vary based upon, but not limited to, relevant experience, time in role, peer and market data, prior performance, business sector, and geographic location. You may also be eligible for an annual discretionary incentive compensation award. We offera full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees.
About Commodities And Global Markets
In Commodities and Global Markets you will be part of a global business offering capital and financing, risk management, market access, physical execution and logistics solutions to its diverse client base.
Our commitment to Diversity, Equity and Inclusion
The diversity of our people is one of our greatest strengths. An inclusive and equitable workplace enables us to embrace that diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders and communities. At Macquarie, you'll be encouraged to be yourself and supported to perform at your best. If you're inspired to deliver on our purpose of ‘empowering people to innovate and invest for a better future’, we want you on our team. If you need adjustments made to the recruitment process, please reach out to your recruiter.
All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other impermissible criterion or circumstance. Macquarie also takes affirmative action in support of its policy to hire and advance in employment of individuals who are minorities, women, protected veterans, and individuals with disabilities.
We equip our people with the support to work in a range of flexible ways. Talk to us about what working arrangements would help you thrive.
About Macquarie
A career at Macquarie means you’ll have the opportunity to develop and utilise new skills, explore interesting fields and do challenging work that will impact the lives of people around the world—whether it’s accelerating the green energy transition, helping sustain global food supplies, financing social housing projects or investing in essential infrastructure. At Macquarie, we’re empowering people to innovate and invest for a better future.
Our size and international presence means your work can take you anywhere—across business groups, disciplines, sectors and borders. With 19,200+ employees and offices in 34 markets around the world, we’re a truly global organisation.
You’ll be supported by a diverse team where the unique perspectives, ideas and experiences that all of our people bring are valued. You’ll be empowered to address unmet needs in our communities whilst advising and investing alongside our clients and partners. Working with us, you’ll have the opportunity to make a difference.
Macquarie is a global financial group providing clients with asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advisory, capital raising and principal investment.
Find out more at www.macquarie.com/careers
Job no: CGM-973066
Work type: Permanent - Full time
Location: New York
Category: Senior, Mid-senior, Trading
Group: Commodities and Global Markets
Division: Equity Derivatives and Trading
Recruiter: Ellen Fahey
Opening Date: 18/5/2023