Liquidity Manager, Vice President

State Street•Boston, MA

About The Position

The Liquidity Manager is responsible for optimizing liquidity quality, execution performance, and traded volumes, with a primary focus on Currenex. This is a specialist, data‑driven role that actively manages liquidity provider participation to improve market quality, client outcomes, and overall commercial performance. While the Liquidity Manager does not perform sales activities or engage in commercial negotiations, the role is client‑facing and owns the liquidity management component of the client relationship. This includes accountability for execution outcomes, liquidity quality, and trading performance. The role focuses on execution analysis, liquidity deployment, and close collaboration with internal stakeholders, liquidity providers, and clients to enhance trading efficiency and support platform growth. The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success. Investors are operating in increasingly complex regulatory and financial environments. Access to efficient, comprehensive trading solutions is vital to remaining competitive. Our GlobalLINKTM suite of award-winning electronic trading solutions deliver increased transparency, improved trading efficiency and quantifiable execution. Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

Requirements

Strong experience in FX markets, electronic trading, market structure, or liquidity provision.
Demonstrated background in execution analysis, trading analytics, or market microstructure.
Experience working with FX trading platforms, ECNs, EMSs, or liquidity aggregation technologies.
Strong quantitative and analytical capability with the ability to interpret complex execution data.
Comfortable working with trading metrics, performance dashboards, and large data sets.
Understanding of FX market participants, including banks, non‑bank market makers, and buy‑side trading behaviours.
Highly data‑driven with strong problem‑solving and critical‑thinking skills.
Clear and confident communicator, able to explain analytical insights to technical and non‑technical stakeholders.
Strong judgment, attention to detail, and ability to operate effectively in fast‑moving market environments.
Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related discipline (or equivalent experience).

Nice To Haves

Advanced degree or relevant market qualifications are advantageous but not required.

Responsibilities

Actively manage liquidity providers on the platform, including adding, removing, or repositioning liquidity in response to market conditions, client needs, and performance outcomes.
Optimize liquidity by currency pair, trading stack, execution type, and trading style.
Ensure high‑quality, resilient liquidity provision that supports diverse client trading strategies.
Monitor execution performance metrics, including (but not limited to): Fill rates (overall and by currency pair), Round‑trip times (RTT), Market impact, Execution method effectiveness.
Use quantitative analysis to identify performance gaps, trends, and optimization opportunities.
Make data‑driven recommendations to improve liquidity alignment and execution outcomes.
Directly support volume and revenue growth by improving liquidity quality and execution efficiency.
Identify and address structural or behavioral factors that inhibit optimal trading activity.
Contribute to strategic initiatives aimed at expanding liquidity participation and deepening market engagement.
Work closely with Sales, Product and Technology teams to support platform enhancements and data initiatives.
Engage with liquidity providers to review performance, communicate optimization actions, and align on trading behavior, while remaining non‑commercial in nature.
Escalate risks, issues, or blockers impacting liquidity performance to Liquidity Management leadership.
Operate within established governance, conduct, and market surveillance frameworks.
Ensure liquidity management activities are compliant with internal policies and regulatory obligations.
Support audits, reviews, and regulatory inquiries as required.