EM FX Trader, Assistant Vice President - Markets

STATE STREET CORPORATION; Boston (MA); On-site; USD 160,000 - 190,000; Full time

Benefits offered by this job

401K match

Insurance coverage (medical, dental, V

Paid time off

Employee Assistance Program

Job summary

State Street Corporation seeks an AVP EM FX Trader to join a fast-paced principal market making team. You will own risk, build a client franchise, and grow into a broader role with focus on Latin American EM FX and generalist coverage across EM/G10.

You will price and manage FX and IR risk, partner with Sales, and engage with clients to provide market color and post-trade follow-up. On-site with extended hours in a global, technology-driven desk.

Qualifications

• 3–6 years in a trading role or direct support of a trading desk with EM FX exposure.
• Strong risk and revenue generation track record in market making.
• Programming and agentic coding experience strongly preferred.

Responsibilities

• Price and manage FX and IR risk for a growing and diverse client base, focused on CLP, COP and PEN with generalist coverage across the broader EM and G10 franchise, as part of a regional and global team
• Own a defined risk book and contribute directly to desk revenue, using macro views and technical skills to manage risk and maximize opportunities
• Partner with Sales to grow and deepen the client franchise by understanding client objectives and delivering consistent pricing and liquidity
• Engage directly with clients to provide market color, trader insight and post-trade follow-up
• Partner with eFX Trading to deliver a consistent, improving product and to strengthen risk coordination between eFX and Voice Trading
• Work closely with Risk, Compliance and desk management on limits, escalation and control adherence, upholding the highest standards of conduct

Skills

Market making

Client relationships

Data science

Coding skills

Communication skills

Entrepreneurial mindset

Education

Bachelor's degree in related field

Tools

Trading platforms

Job description

Who we are looking for

We are looking for an EM FX Trader to join a fast-paced, high-touch principal market making team. This is an intermediate-level seat for someone with trading experience who is ready to own risk, build a client franchise and grow into a broader role. The primary focus is Latin American emerging markets, with generalist FX and Interest Rate coverage across the wider book. We want someone passionate about markets, statistics and new technologies who wants to shape how the desk trades in the future.

Why this role is important to us

The team you will be joining is a part of State Street Markets (SSM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSM business unit. As our investment research and trading arm, SSM’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 AVP EM FX Trader you will:

• Price and manage FX and IR risk for a growing and diverse client base, focused on CLP, COP and PEN with generalist coverage across the broader EM and G10 franchise, as part of a regional and global team
• Own a defined risk book and contribute directly to desk revenue, using macro views and technical skills to manage risk and maximize opportunities
• Partner with Sales to grow and deepen the client franchise by understanding client objectives and delivering consistent pricing and liquidity
• Engage directly with clients to provide market color, trader insight and post-trade follow-up
• Partner with eFX Trading to deliver a consistent, improving product and to strengthen risk coordination between eFX and Voice Trading
• Work closely with Risk, Compliance and desk management on limits, escalation and control adherence, upholding the highest standards of conduct

What we value

These skills will help you succeed in this role.

• Market making experience in FICC, with a track record of managing risk and generating revenue
• A client-first mindset and the ability to build trust and grow relationships alongside Sales
• Strong technical background across data science, agentic coding and trading systems
• Exceptional communication skills, an entrepreneurial mindset and the ability to work across Sales, Trading, Risk and Technology
• A fast learner who is driven to improve how the desk works

Education & Preferred Qualifications

• Bachelor's degree in a related field
• 3-6 years in a trading role or in direct support of a trading desk, with EM FX exposure preferred
• Programming and agentic coding experience strongly preferred

Additional requirements

• Full time on-site presence on the trading floor, including early and extended hours to cover Latin American and global FX markets
• Spanish or Portuguese language skills are a plus but not required

Salary Range

Salary Range: $175,000 - $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.

Benefits

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes:

• our retirement savings plan (401K) with company match
• insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
• paid-time off including vacation, sick leave, short term disability, and family care responsibilities
• access to our Employee Assistance Program
• incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
• eligibility for certain tax advantaged savings plans

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

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.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

Equal Opportunity Employer

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Equal Opportunity Employer

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.