Client Algo Quant, Vice President

State Street • Boston, MA

1d • Onsite

About The Position

As part of State Street’s eFX business expansion plan, this role involves generating and researching ideas to increase the breadth and depth of our client algo execution offering, enhance customer experience, as well as working closely with different trading teams to promote internalization.
Due to the role requirements this job needs to be performed primarily in the office with some flex work opportunities available.
The team you will be joining is a part of State Street Markets (SSM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSM business unit. As our investment research and trading arm, SSM’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.

Requirements

• Experience and solid knowledge in eFX market and developing FX algos
• Excellent interpersonal skills to communicate clearly with traders, sales, clients and able to go into details when working with IT
• Object oriented programming skills: Java or C++
• Proficiency in statistical packages such as Matlab, Python or R
• Strong statistical foundations and experience in analyzing large data sets and tick data
• Postgraduate degree (PhD or Masters) in Mathematics, Data Analytics, Machine Learning, Statistics or related field.
• 3-5 years + exp with eFX markets and developing FX algos
• Pragmatic mindset - research should be targeted at delivering innovative solutions to solve business problems and improve profitability
• Self-motivated and with ability to work and add value with minimal supervision

Responsibilities

• Involve in the full life cycle of algo product development. Generating new ideas, identifying performance improvements and control gaps, specifying, developing, back testing and prototyping quant models, performing liquidity analysis and provisioning, working closely with IT development team and trading teams
• Work with sales, traders and meet with clients to understand algo requirements, be the subject matter expert to address clients’ questions and perform bespoke analysis as required
• Analyze and optimize algo flow and behavior to improve performance and customer experience
• Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role
• Display the highest level of the Code of Conduct and support the ‘Risk Excellence’ culture within the business

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level