Derivatives Trader, AVP - State Street Investment Management

State Street•Boston, MA

23h•$90,000 - $157,500

About The Position

The Derivatives Trader, AVP supports State Street Investment Management’s multi-asset trading desk and a broad range of investment strategies, including index, quantitative, active, liability-driven, overlay, and asset allocation mandates. The role provides exposure to exchange-traded and OTC derivatives used across global investment portfolios, with secondary support for equities and foreign exchange. The trader works with a global team based in Boston, London, and Hong Kong, and reports to the Head of Trading Americas in Boston. The position is located in Boston, Massachusetts. The successful candidate will support the derivatives trading team and global Portfolio Management teams, with a primary focus on derivatives. They will help ensure accurate and timely execution of client orders, work with executing brokers across execution channels, and collaborate with internal support and oversight functions. The role also contributes to trading technology enhancements, workflow automation, analytics, and process optimization. The position requires at least two years of buy-side or sell-side derivatives trading experience, a strong interest in markets, and the ability to manage trading costs and provide a high level of service in a fast-paced team environment. The annual salary range is $90,000–$157,500 for the primary location. State Street offers a comprehensive benefits program, including retirement savings, insurance coverage, paid time off, employee assistance, and incentive compensation, subject to eligibility and plan terms.

Requirements

At least 2 years of buy-side or sell-side derivatives 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 derivatives lifecycle processes.
Demonstrated interest in capital markets, macroeconomics, and investing.
Ability to manage trading costs and deliver a high level of service in a fast-paced environment.
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, demonstrate flexibility, and manage competing priorities.
Ability to maintain conduct and integrity standards and comply with applicable industry practices, company policies, statutes, and regulatory requirements.

Nice To Haves

Four-year education degree or higher preferred.
Preferred experience with some or all of Excel, Python, Java, VBA, and SQL.
Tableau data-visualization experience is a plus.

Responsibilities

Provide support and assistance to the derivatives trading team.
Provide coverage to global Portfolio Management teams, primarily for derivatives.
Ensure quality, accuracy, and timely execution of client orders.
Communicate with executing brokers to build relationships across execution channels, gather market information, explore execution strategies, and resolve exceptions.
Cooperate and build relationships with Portfolio Management, IT, Risk, Operations, Legal, Sales, Marketing, and Compliance.
Use 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.
Maintain high standards of conduct and integrity and ensure compliance with industry practice, company policies, statutes, and regulatory requirements.
Demonstrate ownership, accountability, and partnership while approaching markets from an investor-centric perspective.
Manage competing priorities and work effectively as part of a team in a fast-paced environment.

Benefits

401(k) retirement savings plan with company match.
Insurance coverage including basic life, medical, dental, vision, and long-term disability, with other optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Access to an Employee Assistance Program.
Eligibility for annual performance-based incentive awards, with exceptions for certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.