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FX and Derivatives Agency Trader, Vice President (onsite)

FX and Derivatives Agency Trader, Vice President (onsite)

State StreetBoston, MA, US
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FX and Derivatives Agency Trader, Vice President (onsite)

Join to apply for the FX and Derivatives Agency Trader, Vice President (onsite) role at State Street

FX and Derivatives Agency Trader, Vice President (onsite)

Join to apply for the FX and Derivatives Agency Trader, Vice President (onsite) role at State Street

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Who We Are Looking For

The role of the FX and Derivatives Agency Trader is to ensure that the trading strategy for client accounts are executed according to the mandate guidelines. This includes the full lifecycle of the trade, pre-trade, trade execution, and post-trade. The Trader serves as the main point of contact for all trade related queries and commentary for both internal and external parties. The role will primarily focus on FX execution and is expected to evolve to cover multi-asset derivatives execution in the future.

Who We Are Looking For

The role of the FX and Derivatives Agency Trader is to ensure that the trading strategy for client accounts are executed according to the mandate guidelines. This includes the full lifecycle of the trade, pre-trade, trade execution, and post-trade. The Trader serves as the main point of contact for all trade related queries and commentary for both internal and external parties. The role will primarily focus on FX execution and is expected to evolve to cover multi-asset derivatives execution in the future.

Why this role is important to us

The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world's institutional investors, we deliver the industry's most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients' investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success.

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

What You Will Be Responsible For

  • The Trader is responsible for the trading lifecycle : All pre-trade & post-trade due diligence and trade execution of the strategy for assigned clients and accounts.
  • The Trader is an integral member of the Currency Management and broader Portfolio Solutions team. The Trader will be relied on to communicate with existing clients and prospects in regards to trading capabilities.
  • The Trader will collaborate with internal and external stakeholders, including the client service team, Portfolio Managers, and clients. The Trader is responsible for knowing the specific client mandates and executing trades in line with client expectations.
  • The Trader will be included on client Due Diligence visits and monthly service reviews to provide trading expertise, provide commentary, and counterparty performance.
  • The Trader is knowledgeable with FXConnect and other trading platforms. This includes current processes and also additional features that can contribute to enhanced capabilities in the future
  • The Trader has experience trading Deliverable and NDF currencies via RFS, RFQ, and Competitive trading.
  • The Trader will have and / or will establish relationships with counterparty banks.
  • The Trader will build out counterparty intelligence and be knowledgeable in services that each counterparty can offer
  • The Trader will participate in Industry events and be up to date on new products / platforms that could be useful to the team.
  • The Trader will be responsible for providing commentary on executions via TCA analysis. The Trader will utilize TCA reporting to evaluate counterparty performance and communicate with banks where improvement is required. This will also be used for client conversations to determine bank performance and if a change in the panel is warranted.

What We Value

These skills will help you succeed in this role

  • Excellent communication is vital for a Global business to operate successfully, particularly when managing trading orders / client flows
  • Working under pressure, managing multiple client orders / requests and being able to prioritize workflow.
  • Honesty, integrity, and professionalism.

    • Education & Preferred Qualifications

  • A minimum BA Degree or equivalent or a person with significant market experience.
  • 5+ years of front office trading experience either Buy or Sell Side primarily with an FX focus.
  • Multi Asset Trading execution, particularly in derivatives, is beneficial. A strong knowledge of the FX market is critical.

    • Are you the right candidate? Yes!

    We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

    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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs 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 perspectives 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 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 programs 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.

    Salary Range

    195,000 - $200,000 Annual

    The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

    Job Application Disclosure

    It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

    Job ID : R-774250

    Seniority level

    Seniority level

    Not Applicable

    Employment type

    Employment type

    Full-time

    Job function

    Job function

    Finance and Sales

    Industries

    Financial Services, Investment Banking, and Investment Management

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    Fx And Agency Trader • Boston, MA, US