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Mass Fintech Careers

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Front office Trading Services

State Street

State Street

Boston, MA, USA
Posted on Jul 9, 2024

Who we are looking for

The Foreign Exchange (FX) Front Office Trading Services (FOTS) team provides support across the globe (North America, Europe, and Asia-Pacific) for State Street Global Market’s FX Sales & Trading Desks and acts as the primary liaison for external and internal clients. In addition to trading support and client services, the team works closely with Operations groups and participates on projects related to new trading initiatives, testing and implementation planning.

Why this role is important to us

The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

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 FOTS Officer will be responsible for assisting with the daily oversight of the FOTS staff, and supervision of day-to-day activities
  • Assist SSGM Sales & Trading with trade support and related responsibilities
  • Research and resolve trade related inquiries from Sales and Trading, back office, fund groups, and clients
  • Monitoring SSGM’s trading systems and address/resolve issues with appropriate escalations.
  • Cancelling, modifying, and rebooking of trades
  • Supporting Algo, eFX, StreetFX and IndirectFX client onboarding (Front Office components) and performing pricing validations for SSGM’s indirect FX activity
  • Communicate and maintain strong working relationships with multiple departments (Trading, Operations, Finance, IT, third party vendors) to resolve breaks and trade discrepancies on a time sensitive basis.
  • Participate in various projects that require FOTS expertise, involvement with testing or future support
  • Understand the intricacies of manual and/or exceptional processes on the FX desk and work with IT, Credit & Compliance, Operations and Business Analysis teams to improve process inefficiencies
  • Liaise with Client Support Services team with queries relating to the on-boarding of new business.
  • Produce reporting for clients and internal use.
  • Strictly follow the controls and procedures to reduce risk to Business.

What we value

These skills will help you succeed in this role

  • Excellent communication, interpersonal and relationship skills
  • Strong willingness to learn systems, processes and new technical skills.
  • Ability to work as part of a team and under own initiative as well

Education & Preferred Qualifications

  • Bachelor’s degree or equivalent education qualifications deemed appropriate in local market
  • 3+ years financial services industry and exposure to foreign exchange is preferred but not required
  • Some Client facing is preferred but not required

Additional requirements

  • Ability to work under pressure and manage multiple priorities in a deadline driven environment
  • Strong analytical and problem-solving skills
  • Very strong attention to detail
  • Familiarity with Microsoft Office applications – Word, Excel, Access, PowerPoint.

Salary Range:

$65,000 - $102,500 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.