Emerging Market Trader, VP - Toa Payoh
Who we are looking for
Manage liquidity provision to all State Street Markets clients and branches.
This includes:- Limit orders, market orders, and fixing orders etc.
- Making markets as principal to clients and in the interbank market
- Monitor all market risk in eFX Forward stream, and intervene when necessary
- Manage flows and initiate market risk position to augment revenues
Why this role is important to us
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.
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- Make markets to clients / interbank counterparts and manage the resulting risk positions with the goal of generating market making revenues within individually prescribed guidelines
- Continuously monitor and execute all client and branch orders
- Assist the sales teams in marketing to SSGM clients
- Participate in daily and regional/global market meetings
- Continuously monitor trading positions, P/L and risk limits to ensure all positions and P/L are booked correctly
- Oversee the eFX market risk management for all currency pairs, including continuous development of our efx platform
What We Value
These skills will help you succeed in this role- Adhere to all SSM trading and market risk limits.
- Stay current with all new regulatory requirements and industry best practice.
- Ensure compliance with all Dodd-Frank and local regulatory business requirements.
- Adhere to all requirements as an “Associated Person” or “Principal” in SSGM’s Swap Dealer.
- Ensure timely certification of all SSGM compliance training.
- Maintain the highest ethical and business standards in order to not jeopardize State Street’s reputation.
- Report any business control and ethical issues / concerns to management promptly.
- Undergraduate preferred or relevant/comparable professional qualification.
- At least 5 years trading experience in FX or FI markets with proven track record. Focus in G10 Swap and forwards
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.