JOB: eFX Data Scientist for State Street

Title:
eFX Data Scientist, AVP

Job Role:
Quantitative Analysis, Global Markets Sales & Trading, Boston

 

JOB DESCRIPTION

Purpose of Role:
To enhance the bank’s real-time Electronic FX market making trading system, improving quality and distinctiveness of price generation and risk management.

Major Responsibilities:

• Analyze proprietary order flow data to find patterns in client behavior, using results to improve client pricing and optimize risk management.
• Analyze large, high frequency time series data sets and develop short term price forecasting models.
• Using public and proprietary data, identify new opportunities to increase trading volume and generate new business.
• Justify models/algorithms through appropriate out-of-sample backtesting periods and cross-validation techniques. Evaluate performance in practice and provide further improvements as needed.
• Develop research all the way from prototype to production.

Specific Qualifications/ Experience:

• Masters and/or PhD in Data Analytics, Machine Learning, Statistics or related field
• Knowledge of big data lake structures, algorithms and techniques including classification, clustering, and regression.
• Experience implementing data analytics techniques within an academic research setting and/or real business problems.

Level of Education:

• Masters and/or PHD

Skills – interpersonal, numerical, problem-solving, analytical, etc

• Object oriented programming skills: Java or C++.
• Proficiency in statistical packages such as Matlab, Python or R.
• Solid statistical foundations
• Familiar with Hadoop frameworks.

Disposition – motivation, team skills, ability to work under pressure, etc

• Pragmatic mindset – research should be targeted at solving business problems and improving profitability.
• Good communication skills are required to interact with management, traders, salespeople, developers and clients.
• Self-motivated and with ability to work with minimal supervision.

The complete job listing can be found here.

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Interested individuals should send their resume directly to:

Toby J. Wade
State Street Global Markets
twade at statestreet dot com
+ 1 617 664-4150

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