In this role, you will be responsible for trading our US-based derivatives business which relates to futures, total return swaps and options (inclusive of listed, FLEX and OTC). Secondary/supporting roles relate to equities and foreign exchange. If you have 5+ years of previous buy side or sell side derivative trading experience, a deep interest in markets, ability to manage trading costs and be able to deliver a high level of service in a fast paced environment, then this is a job for you. You will be working in a team environment with other traders located in Boston, London and Hong Kong and you will report directly to the Head of Trading Americas in Boston.
This is a fantastic opportunity to trade for a wide range of investment strategies and teams at State Street Investment Management.
This job is located in Boston, Massachusetts.
Specific Duties and Qualities sought:- Provide coverage to the global Portfolio Management teams with primary focus on derivatives.
- Responsible for ensuring quality, accuracy, and timely execution of client orders.
- Engage and communicate effectively with executing brokers to deepen these relationships across execution channels, gather market color, explore execution strategies and resolve exceptions.
- Assist in the ongoing development of derivative trading capabilities, developing avenues of execution and review and enhance the Transaction Cost Analysis.
- Add instrument expertise as business requirements dictate.
- Disseminate trade ideas, market insight and commentary as needed or desired.
- Ensure close cooperation and relationship building with support and oversight functions such as Portfolio Management, IT, Risk, Operations, Legal, Sales, Marketing and Compliance.
- Proficient trading experience of derivatives in algorithmic, list-based, RFQ and Block execution channels.
- Proficient in Bloomberg and execution management systems
- Solid understanding of markets, market forces, managing risk and market microstructure.
Technical and Education Requirements:- Four year education degree or higher preferred
- Data Science experience with some or all of Excel, Python, Java, VBA, SQL preferred.
- Tableau data-visualization experience a plus.
Required Competencies:- Maintain the highest standards of conduct and integrity within the business and ensure compliance with industry practice, company policies, statute and regulatory requirements in all matters.
- Possess both an ownership mentality of the derivative space and also a strong investor mindset.
- Possess the ability to operate in a fast-paced environment; having flexibility and the skill to manage competing priorities.
- Possess strong written and verbal communication skills
- Ability to work in a dynamic, team oriented environment.
- Attention to detail and strong risk management qualities are crucial
- Ability to be a self-starter and build own/upgrade existing workflows
Salary Range: $120,000 - $202,500 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.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
