Global Foreign Exchange Trader/Vice President Global Foreign Exchange Trader/Vice President …

State Street Bank
in Boston, MA, United States
Permanent, Full time
Last application, 16 Feb 20
Competitive
State Street Bank
in Boston, MA, United States
Permanent, Full time
Last application, 16 Feb 20
Competitive
Global Foreign Exchange Trader/Vice President
Global Markets Foreign Exchange Trader, Vice President Boston, Massachusetts/en-US/Global/job/Boston-Massachusetts/Global-Markets-Foreign-Exchange-Trader--Vice-President_R-635187/apply

The role of a trader on the FX EM/FWDS Trading Desk is to assist the trading team in providing liquidity to clients for manual deal flow and to monitor client orders in the banks order management system. The trader will also be expected to take principal risk positions in accordance with the firms trading and markets risk. Traders are expected to be able to synthesize macro and quantitative data in addition to research to provide the sales team with market commentary and technical research. guidelines. All members of the FX team are expected to work collaboratively with the Sales team and the eFX team to increase client interactions and grow revenues.

Purpose of Role:

Including (but not limited to): Market-make and order-manage for Sales/clients in FX markets.

Leverage principal positioning via transparent machine driven or manual trade initiatives within overall risk guidelines to maximize revenue opportunities.

Specific Duties:

  • Quoting and managing direct/non-machine qualifying voice order business from Sales.
  • When appropriate, use eFX liquidity for portfolio efficiency and use of discretion to tighten or skew pricing, based on client specific knowledge.
  • Use macro views & technical analysis to manage risk from client flows and maximize the revenue opportunity
  • Execute flows according to clients orders (at best, slowly, iceberg, etc.)
  • Relay to traders in other offices any important/large client flows
  • Continuously monitor client orders in Barracuda
  • Monitor and execute limit and stop loss orders for clients
  • Protect clients best interest through the use of discretion
  • Continuously synthesize informational content of macroeconomic data, market research, news stories and price action
  • Assist sales team in formulating trading strategies for clients
  • Post ideas in global chats Sales and Trading chats
  • Continuously monitor trading positions and risk limits and ensure all positions are accounted for and booked properly
  • Make sure positions are within proper risk and credit limits
  • Read news, internal & external research, analyze overnight market moves and upcoming market events to offer opinions to sales and trading team
  • Conduct quantitative analysis to foster trading strategies and improve client relationships
  • Review volumes report from previous day to ensure its accuracy

Work Parameters or Boundaries:

  • Work with the spot, Forward, Emerging Market, and NDF traders in the other centers to optimize the value of the global book working closely with the responsible risk monitoring locale to ensure maximum use of the available internal liquidity.
  • Collaborate for proficient staffing coverage of Bank holidays and vacations with the other geographies.
  • Attend global team meetings to discuss new developments, client analysis and delivery roadmap.

Qualifications

Specific Qualifications / Skills:

Trading experience preferred

Level of Education:

Previous Level of Experience:

BS Degree, and appropriate FX or other markets experience.

Skills

Process oriented open mindset with good understanding of technology and global markets.

Strong analytical skills and an entrepreneurial mindset

Strong and succinct communication skills

Posted TodayFull timeR-635187

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. Its also part of our commitment to inclusion, development and engagement, and corporate social responsibility. Youll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

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