What are the responsibilities and job description for the Client Algo Quant, Vice President position at State Street?
Client Algo Quant - VP, Onsite
Who we are looking for
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.
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 a Client Algo Quant, VP you will
- 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
What we value
These skills will help you succeed in this role
- 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
Education & Preferred Qualifications
- 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
Additional requirements
- 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
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:
$200,000 - $200,000 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.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
State Street's Speak Up Line
Salary : $200,000
