eFX Quant Trader

U.S. Bank National Association • New York, NY

2d • $170,255 - $200,300

About The Position

We are seeking a highly skilled Electronic FX Trader to join our trading team. The ideal candidate will manage and optimize electronic foreign exchange (FX) trading strategies across major and emerging market currencies. This role requires strong quantitative skills, deep market knowledge, and proficiency in electronic trading platforms and algorithmic execution.

Requirements

• Bachelor’s in Finance, Economics, Mathematics, Computer Science, or related field.
• 5+ years of experience in electronic FX trading.
• Strong understanding of FX market dynamics, liquidity, and electronic execution.
• Proficiency in multi dealer trading platforms and ECN’s.
• Excellent analytical, problem-solving, and communication skills.

Nice To Haves

• Master’s in Finance, Economics, Mathematics, Computer Science, or related field.
• Solid programming or scripting skills (Python, C++, or Java) a plus.
• Strong data analysis and data management skills.
• Experience developing and/or implementing client and internal facing algorithms.
• Experience making markets via voice for large FX spot tickets.
• Familiarity with FIX protocol.
• Knowledge of regulatory frameworks (MiFID II, Dodd-Frank, Global Code).

Responsibilities

• Provide liquidity and execute trades in G10 and EM currencies via electronic platforms.
• Responsible for price construction of trades through various electronic channels.
• Manage real-time risk exposures within defined limits.
• Monitor and optimize algorithmic execution strategies to minimize market impact and transaction costs.
• Ensure compliance with internal risk policies and regulatory requirements.
• Enhance pricing models and execution algorithms.
• Ability to process large amounts of data, optimize/ extract predictive value and articulate this into alpha research while collaborating with team to develop signals.
• Analyze market microstructure and implement improvements to trading strategies.
• Support sales teams with pricing and execution for client flows.
• Work closely with technology teams to improve platform functionality and performance.
• Stay ahead of industry trends in electronic trading and FX market structure.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees