Global Head of Currency Management & Agency Derivatives, Senior Vice President

Who we are looking for

The Head of Currency Management and Agency Derivatives has global responsibility for the management State Street Global Markets’ Currency Management business and the refinement and management of its outsourced agency derivatives solutions.  The successful candidate will integrate multi-asset listed and OTC derivatives capabilities across its applicable Portfolio Solutions suite of businesses. 

The position holds responsibility for strategic planning, revenue growth, governance & oversight of the global product and its employees with roles including Portfolio Management, Trading, Relationship Management and Reporting and Analysis

The successful candidate will report to the Global Head of Portfolio Solutions and serve a member of the Portfolio Solutions Executive Management Group.

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 the Head of Currency Management and Agency Derivatives, responsibilities include:

• Develop global business plan including budgets and resource planning in line with corporate goals

• Manage and expand currency overlay, agency FX execution, and outsourced trading FX and derivatives capabilities

• Manage ongoing operational and trading risk with existing and new mandates. Ensure that the businesses operate in compliance with internal and external regulations.

• Conduct periodic business reviews ensuring associated risks are identified and managed and appropriate remedial action is taken where appropriate

• Identify new business opportunities driven out of market, client and regulatory demand and develop and implement business plans in line with corporate goals

• Manage staff across disciplines (CRM, client service, portfolio management, trading, analytics, and product development).

• Drive technology advancement across internal applications and vendor relationships

• Collaborate with legal, compliance, risk, operations and other business partners to drive product development and jurisdictional expansion

• Create and monitor annual performance priorities and quantifiable metrics to continually assess performance

• Cultivate and strengthen talent by ensuring appropriate training to assist them meet their core job expectations. Strengthen our talent through increased diversity, mobility and promotion of employee engagement

• Active contributions to the decision making process within the Global Markets EMG.

What we value

These skills will help you succeed in this role

• Extensive leadership experience in developing and executing business plans

• Comprehensive knowledge of foreign exchange and derivatives markets

• Proven understanding of portfolio management and trading technology, infrastructure and workflows as well as portfolio management and portfolio accounting concepts

• Demonstrated track record in leading product and organizational transformation in partnership with legal, compliance and risk partners

• Ability to develop and maintain deep customer partnerships

• Industry presence and active participation in conferences and events

• Experience in managing trading and operational risk while maintaining growth-oriented mindset

• Excellent verbal and written communication skills

Education & Preferred Qualifications

• Undergraduate degree required with preference for advanced degree/certification (MBA, CFA, etc.)

• Minimum of 10 years’ experience in a senior management capacity

• 15+ years’ experience in foreign exchange/derivatives markets

• Proven track record of developing and implementing solutions

• Experience managing a large-global team across varying disciplines

• Excellent oral and written communication skills

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.

Salary Range:

$300,000 - $337,500 Annual

The range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the 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.

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