At a Glance
- Tasks: Create profitable trading strategies and models to drive eFX growth.
- Company: Join State Street, a leader in capital markets and innovative trading solutions.
- Benefits: Flexible work-life support, inclusive development opportunities, and vibrant employee networks.
- Other info: Collaborative environment that values diverse backgrounds and innovative thinking.
- Why this job: Make your mark in the capital markets industry from day one.
- Qualifications: Post-graduate degree in a quantitative field and experience with Python or similar languages.
The predicted salary is between 75600 - 92400 £ per year.
Our highly successful, multi-faceted eFX trading business is an integral part of State Street Markets offering. Capitalizing on significant growth in revenues, products and capabilities, State Street is investing further into the business to accelerate growth by deploying the latest cutting-edge technology, computational techniques, market insights and talent.
In particular, we seek individuals to enhance our alpha research and trading team, which complements our fully automated market making, benchmark, and client execution algo businesses. This established and successful team of dedicated alpha quants possess a mature research and back testing infrastructure as well access to rich public and proprietary information that can be readily utilized by the right candidate.
We are seeking an individual who can contribute to and extend our existing suite of alpha strategies. Ideal candidates will have a proven track record of developing and deploying systematic trading strategies that generate robust returns net of transaction costs in live trading environments.
We are open to strategies across a range of time horizons, including intraday, event-driven, and longer-horizon approaches. While our core capability today is in spot FX and NDF, we are open to expanding into additional instruments and asset classes in the future (such as FX Swap, cash equities, or futures) where there is a compelling alpha opportunity.
Given the maturity of our infrastructure and platform, we expect candidates to be able to bring research ideas into production within a relatively short time frame, and then build on that foundation to scale and diversify their contribution over time.
Our preferred candidate will have outstanding academics in a hard science, ideally up to PhD level. Substantial practical experience in machine learning and artificial intelligence techniques is also a bonus.
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.
As an eFX Alpha Quant Trader you will:
- Create profitable and robust trading signals, strategies, and models to make a significant contribution to P&L targets and eFX growth
- Using public and proprietary data, identify new opportunities to generate P&L
- Develop research all the way from prototype to production
- Analyze the behaviors of production trading models on an on-going basis, looking for areas of improvement
These skills will help you succeed in this role:
- Creative thinkers who are motivated by challenging problems (stochastic, non-stationary, non-linear, partially observed, very low SNR)
- Ability to complement technical high-frequency analysis with market insights and experience
- A healthy skepticism about the robustness and generalisability of in-sample results
- A working habit of first investigating simpler, parsimonious models
- Desire to work within a collaborative, team-driven environment
Education & Preferred Qualifications:
- Post-graduate degree in a quantitative discipline (engineering, statistics, mathematics, physics, or similar)
- Experience of a fast prototyping language such as Python (preferably), or Matlab, R, etc.
- Working knowledge of an industrial scale language such as Java or C++ is a plus
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.
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.
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.
eFX Alpha Quant Trader, Vice President in London employer: State Street Bank
At State Street, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. As a Principal Threat Modeling Architect, you will have access to inclusive development opportunities, flexible work-life support, and the chance to lead a high-performing team in a hybrid work environment. Our commitment to employee growth and community engagement, alongside our focus on security excellence, makes us an attractive choice for professionals seeking meaningful and rewarding careers in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land eFX Alpha Quant Trader, Vice President in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like State Street Bank. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace eFX Alpha Quant Trader, Vice President in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to State Street Bank.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on State Street Bank's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at State Street Bank
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with State Street Bank.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at State Street Bank will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former State Street Bank employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
