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Currency Management FX Trader – Vice President

Currency Management FX Trader – Vice President

CompanyState Street
LocationBoston, MA, USA
Salary$195000 – $200000
TypeFull-Time
DegreesBachelor’s
Experience LevelSenior

Requirements

  • A minimum BA Degree or equivalent or a person with significant market experience.
  • 5+ years of front office trading experience either Buy or Sell Side primarily with an FX focus.
  • Multi Asset Trading execution is beneficial.
  • A strong knowledge of the FX market is critical.

Responsibilities

  • The Trader is responsible for the trading lifecycle: All pre-trade & post-trade due diligence and trade execution of the hedging strategy for assigned clients and accounts.
  • The Trader is an integral member of the CM team and is relied on to communicate with existing clients and prospects in regards to CM’s trading capabilities.
  • The Trader will collaborate with internal and external stakeholders, including the client service team, Portfolio Managers, and clients. The Trader is responsible for knowing the specific client mandates and executing trades in line with client expectations.
  • The Trader will be included on client Due Diligence visits and monthly service reviews to provide trading expertise, provide commentary, and broker performance.
  • The Trader is knowledgeable with FX Connect trading functionality. This includes current processes and also additional features that can contribute to enhanced capabilities in the future.
  • The Trader has experience trading Deliverable and NDF currencies via RFS, RFQ, and Competitive trading.
  • The Trader will have and/or will establish relationships with counterparty banks.
  • The Trader will build out counterparty intelligence and be knowledgeable in services that each counterparty can offer, whether Currency Management specific or Industry general knowledge.
  • The Trader will participate in Industry events and be up to date on new products / platforms that could be useful to the team.
  • The Trader will be responsible for providing commentary on executions via TCA analysis. The Trader will utilize BestX reporting to determine broker performance and communicate with banks where improvement is required. This will also be used for client conversations to determine bank performance and if a change in the panel is warranted.

Preferred Qualifications

  • Excellent communication is vital for a Global business to operate successfully, particularly when managing trading orders / client flows.
  • Working under pressure, managing multiple client orders/requests and being able to prioritize workflow.
  • Honesty, integrity, and professionalism.