FX and Derivatives Agency Trader, Vice President (onsite)

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 fu