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eFX Quantitative Analyst, Vice President

State Street

State Street

IT
Boston, MA, USA
Posted on Friday, December 8, 2023

eFX Quantitative Analyst, Vice President

Who we are looking for

State Street’s electronic foreign exchange offering is a core component of our product range, making markets directly with counterparts, on exchanges and e-trading venues around the globe. Since inception we have sustained a considerable growth trajectory, becoming a significant player in this space by expanding our market making, algorithmic and benchmark execution capabilities.

The business is now looking to sustain this growth with further significant investment. As part of this investment, we have a remit to expand our quant team globally, including in our Boston office. We are seeking a VP level candidate with significant electronic trading experience, be it on the buy or sell-side, which can complement the teams existing skills and experience. This is an excellent opportunity to join an expanding team and become a key contributor in a business area fully supported by senior management.

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

As an eFX Quantitative Analyst, Vice President you will help enhance our market making capabilities.

What we value

These skills will help you succeed in this role

  • Creative thinkers who are motivated by challenging problems.
  • Detailed knowledge of the microstructure and microdynamics of different types of low latency markets, i.e. central limit order books, bespoke liquidity pools, dark books, mid books, etc., ideally in spot FX and NDFs, although similar experience with equity and futures markets could be considered.
  • Understanding of the relationships between different types of market participants, their trading characteristics, and the market dynamics associated with their trades.
  • Understanding of the relationships between different asset classes, and how they relate to FX.
  • Someone who can provide domain expertise on relevant areas of the business.

Education & Preferred Qualifications

  • 3 – 5 years’ minimum experience in eFX trading, at a bank or hedge fund
  • Proven track record of the design and implementation of automated trading strategies
  • MSc or preferably PhD in Mathematics/Physics/Engineering/Data Science or similar
  • Experience with a data analysis & modelling language (e.g. Python, Matlab, etc.)
  • Experience with a production system language (e.g. Java, C++, etc.)
  • Solid knowledge of statistical analysis, including machine learning
  • Desire to work within a collaborative, team-driven environment
  • Strong communicator: be comfortable explaining results to both technical and non-technical audiences

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:

$100,000 - $167,500 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.