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Multi Asset Class Trader - Portfolio Solutions, Vice President

Employer
State Street Corporation
Location
Boston, USA
Salary
Competitive
Closing date
Sep 27, 2023
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Job Function
Trading
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Who we are looking for
A Multi Asset Class Trader - Portfolio Solutions, Vice President who will both execute activity for the team as well collaborate with our fixed income and derivatives team members. The role is a key member of the Portfolio Solutions trading team, serving as an execution management point person for fixed income and exchange traded derivatives on behalf of the business' transition management, portfolio trading and outsourced trading clients. The role will include execution across all 3 global regions : Americas, EMEA, and APAC.

Due to the role requirements this job needs to be performed primarily in the office.

Why this role is important to us
The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM'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.

What you will be responsible for
As Multi Asset Class Trader - Portfolio Solutions, Vice President you will be:
  • Responsible for executing regional program trading assignments and single security orders in accordance with agreed upon instructions from the firm's client base
  • Ability to create, maintain and unwind various hedging strategies using multiple methods alongside program trading assignments
  • Assist with management of the firm's counterparties (both internal and external) and technology relationships, including continual evaluation and design/redesign of the firm's workflow to improve efficiencies and minimize errors
  • Take ownership for regional best execution responsibilities and counterparty execution quality analysis
  • Understand, comply and implement necessary regulatory responsibilities for portfolio execution
  • Collaborate with other regional trading desks to accomplish global strategic initiatives

Education & Preferred Qualifications
  • 3-5 years of Capital Markets experience across multiple asset classes, concentrated on execution trading, regulatory compliance and middle office processes
  • Hold or are willing to attain US FINRA Series 3, 4, 7, 24, 53, 55, 63 and Canadian New Entrants licenses
  • Bloomberg and Fidessa proficiency preferred
  • Flexible hours, including holidays and non US hours, as required
  • BS/BA degree required; Master's degree preferred
  • Firm understanding of global fixed income securities markets and best execution standards within those markets
  • Ability to multitask in a fast paced, market-driven trading floor environment under the stress of high volume and tight deadlines
  • Ability to diagnose, recommend, resolve and implement process improvements
  • Ability to service across various product lines, ensuring compliance to industry rules and regulations and multiple market conventions
  • Excellent written and verbal communication skills including the ability to easily and comfortably communicate with internal and external clients on trade mandates and instructions

Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.

Salary Range:
$170,000 - $175,000 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

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