Senior Stock Loan Trader in usa

Senior Stock Loan Trader

• Company

  eSecLending

• Location

  USA-MA-Boston

• Compensation

  Competitive

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  Jan 25, 2013

• eFC Ref no

  1159286

The Senior Stock Loan Trader is responsible for the daily negotiation of Securities Lending transactions and facilitating the lending of long inventory to maximize on loan balances at optimal fee/rate.

Major Duties and Responsibilities will include:

• Managing daily trading/lending of discretionary pool of assets to our borrower base
• Monitoring: daily rates compared to open discretionary loans and market data provider to ensure optimal rates are achieved, manage the re-rate process, and monitor assigned asset types and countries on a daily basis.  
• Transactions: Manage Scrip, Dividend, rights and other corporate action trades including valuing and negotiating with borrowers. Strong understanding of yield enhancement and the relevant characteristics of the corresponding stock loan transaction.
• Portfolio estimate process: identify relevant information and the potential revenue of a group of assets based on current lending markets and potential future revenue based on all factors (Existing/future demand, intrinsic value, corporate action value, DRP/Scrip value). Assimilate information and generate comprehensive revenue estimate.
• Exclusive Auction: proficiency in all aspects of the Auction process from portfolio valuation, auction lotting, pre-auction template, interaction with Client Relations and Portfolio Manager, marketing of auction, management of actual Auction. Valuation of Auction results, presentation to clients.
• Borrower relationship Management: ability to build and maintain strong relationships with borrowers both in person and remotely; maintenance and presentation of regular relationship status reports.
• Internal point of contact: interact with various groups internally (Settlements, recalls, corporate actions, compliance, legal and client relations) to manage and promote daily discretionary and exclusive lending.
• Problem resolution: Pro-active issue/problem assessment and resolution to insure minimal loan/return fails and accurate monthly billing.

QUALIFICATIONS/REQUIREMENTS:

• BA/BS in accounting, finance, economics or related field required, Master’s Degree/MBA,CFA highly desired.
• 5+ years experience as a stock loan trader or related experience.
• Ability to quickly become proficient in all markets and relevant trading opportunities
• Strong Excel spreadsheet skills required as well as Microsoft Word and PowerPoint. Experience with Cognos, 4Sight systems and Dataexplorers beneficial.
• Strong interpersonal skills and client facing experience desired, aptitude to collaborate with other departments and build internal relationships. 
• Capability to travel 10-15% of the time