Role at a glance
- Job function
-
Investments & Capital Markets Portfolio Management & Trading
- Salary
- Not yet verified Check the description for pay details; an amount or pay period has not been verified.
- Location
- Boston, Massachusetts, United States
- Employment
- Full-time
- Experience
- If you have 2+ 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 the job for you.
- Education
- Four-year education degree or higher preferred
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Role Summary
The Derivatives Trader supports a multi-asset trading desk serving a range of investment strategies, with primary coverage of derivatives across global investment portfolios. The role also provides secondary support for equities and foreign exchange.
What You'll Do
- Provide support and assistance to the derivative trading team.
- Provide coverage to global Portfolio Management teams, with a primary focus on derivatives.
- Ensure quality, accuracy, and timely execution of client orders.
- Communicate with executing brokers to develop relationships, gather market color, explore execution strategies, and resolve exceptions.
- Use data and analytics to evaluate execution performance and identify trading opportunities, and contribute to trading technology,...
Generated from the employer's posting. Verify important details before applying.
View full postingQualifications
2+ years of previous buy side or sell side derivative trading experience; general understanding of derivatives markets, equities and foreign exchange; proficiency in Bloomberg and execution management systems; knowledge of clearing, margining, collateral management, and derivative lifecycle processes; demonstrated interest in capital markets, macroeconomics, and investing; ability to use data and analytics to evaluate execution performance and identify trading opportunities; strong written and verbal communication skills; ability to work on a team in a fast-paced environment and manage competing priorities.
Required
- Preferred experience with some or all of Excel, Python, Java, VBA, SQL.
- Tableau data-visualization experience a plus.
- Four-year education degree or higher preferred.
Preferred
- Preferred experience with some or all of Excel, Python, Java, VBA, SQL.
- Tableau data-visualization experience a plus.
- Four-year education degree or higher preferred.
Original job description
Content provided by the employer
Original job description
Content provided by the employer
The State Street Investment Management Trading team is a multi-asset trading desk that has been developed to meet the varied requirements that many of our client's demand. This role supports a broad range of investment strategies including index, quantitative, active, liability-driven, overlay, and asset allocation mandates.
The successful candidate will gain exposure to exchange-traded and OTC derivatives utilized across global investment portfolios. Secondary/supporting roles relate to equities and foreign exchange. If you have 2+ 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 the 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 support and assistance to the derivative trading team.
- 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.
- Ensure close cooperation and relationship building with support and oversight functions such as Portfolio Management, IT, Risk, Operations, Legal, Sales, Marketing and Compliance.
- General understanding of derivatives markets, equities and foreign exchange.
- Proficient in Bloomberg and execution management systems
- Knowledge of clearing, margining, collateral management, and derivative lifecycle processes.
- Demonstrated interest in capital markets, macroeconomics, and investing.
Technical and Education Requirements:
- Four-year education degree or higher preferred
- Preferred experience with some or all of Excel, Python, Java, VBA, SQL.
- Ability to utilize data and analytics to evaluate execution performance and identify trading opportunities.
- Contribute to trading technology enhancements, workflow automation, and process optimization initiatives.
- Partner with technology teams to improve trading tools, reporting, and operational resiliency.
- 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.
- Demonstrate a strong sense of ownership, accountability, and partnership while approaching markets from an investor-centric perspective.
- Possess the ability to operate on a team in a fast-paced environment; having flexibility and the skill to manage competing priorities.
- Possess strong written and verbal communication skills
Salary Range:
$90,000 - $157,500 AnnualThe 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.
About State Street
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.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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About the company
State Street
Large Enterprise
State Street is a leading financial services and bank holding company, headquartered in Boston, Massachusetts. With a strong focus on investment management and servicing solutions, State Street supports institutional investors worldwide by providing services such as asset management, investment research, and trading. Renowned for its commitment to innovation and sustainability, State Street leverages advanced technology and data analytics to enhance investment strategies and customer experiences. The company prioritizes diversity and inclusion within its workforce, reflecting its dedication to fostering a dynamic and collaborative environment.