Who we are looking for

The Global Markets (GM) Currency Management Product Developer will be part of the Currency Management team and will assist with the growing needs of the business specializing in the further development of the currency hedging product. This role will work closely with front office, research, product development, marketing, and clients to support our passive currency offerings. We are looking for a well-rounded individual with a strong mix of quantitative, technical, business and finance skillsets who will be able to understand all the aspects of a product implementation. This includes the ability to fully understand the underlying investment objectives of the client and translate them into technical requirements that take into account internal and external operational constraints, proactive risk management and compliance considerations. The individual should also be able to successfully communicate these requirements to the technology resources and manage the implementation to a successful launch. This role is critical to the business as it provides support to the development and portfolio management teams while also interacting with the client relationship team. The ideal candidate should have a strong understanding of financial concepts, use of FX instruments, modern portfolio theory, and mathematics and also have strong programming knowledge. Excellent analytical and communication skills are critical, as this role requires significant client and cross-functional interaction.

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 Product Developer you will

• Work closely with our asset manager and asset owner client base to develop suitable FX hedging strategies.




• Collaborate with various internal stakeholders such as the strategy research team, product specialists, portfolio managers, project management and technology to ensure risk controlled and successful launches of new hedging mandates.




• Support existing business and mitigate operational risk through better controls and best practices.




• Ensure long term growth and scalability of the currency overlay group by working closely with Global Markets Technology and external vendors to enhance our core product and operational capabilities.




• Provide periodic and ad-hoc presentations to clients and internal representatives.




• Assist other functions of the team (management, business development), with various research projects as needed.

What we value

These skills will help you succeed in this role

• Understanding of financial concepts, use of FX instruments, and modern portfolio theory




• Programming background (Python, C#), Strong SQL background




• Excellent analytical and communication skills

Education & Preferred Qualifications

• B.S. Finance / Mathematics (MS Preferred)




• CFA Candidate / Charterholder

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.

Discover more at StateStreet.com/careers

COVID-19 Protocols:  Complying with State Street’s COVID-19 protocols is a condition of employment. Those requirements may vary depending on circumstances and legal requirements, and may include, without limitation, a requirement to be vaccinated (or have an accommodation), to disclose vaccination status, to provide evidence of vaccination status, etc.

Salary: $90,000.00