State Street Corporation.
Purpose Of Role:
Including (but not limited to): Market-make and order-manage for Sales/clients in spot, forward, and NDF trades.
Leverage principal positioning via transparent machine driven or manual trade initiatives within overall and local risk guidelines and budgets to maximize revenue opportunities. Working within a global risk book structure, oversee and operate all relevant spot, Forward, Emerging Market, and NDF manual and electronic platform to manage risk.
Quoting and managing direct/non-machine qualifying voice order business from Sales.
Monitor and update all eFX NDF swaps, fixes, skews, and spreads as appropriate.
Review NDF report and NDF eschelle’s throughout the day to manage upcoming fixing risk.
When appropriate, use eFX liquidity for portfolio efficiency and use of discretion to tighten or skew pricing, based on client specific knowledge.
For non-eligible trades, use legacy Direct Market Access.
Use macro views & technical to manage risk from client flows and maximize the revenue opportunity
Execute flows according to client’s 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 client’s 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
Book all overnight fills and check positions and limits
Prepare for morning meeting
Read news, internal & external research, analyze overnight market moves and upcoming market events to offer opinions and observations during the morning call
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.
Specific Qualifications / Skills:
Trading experience preferred but not required
Level Of Education:
Previous Level Of Experience:
BS Degree, and appropriate FX or other markets’ experience.
Process oriented open mindset with good understanding of technology and global markets.
Strong and succinct communication skills.
State Street is a leading financial services provider serving some of the world’s most sophisticated institutions. We offer a flexible suite of services that spans the investment spectrum, including investment management, research and trading, and investment servicing.