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eFX Quant Trader
- US Bank (New York, NY)
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At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description
We are seeking a highly skilled Electronic FX Trader to join our trading team. The ideal candidate will manage and optimize electronic foreign exchange (FX) trading strategies across major and emerging market currencies. This role requires strong quantitative skills, deep market knowledge, and proficiency in electronic trading platforms and algorithmic execution.
Key Responsibilities
+ **Market Making & Execution:**
+ Provide liquidity and execute trades in G10 and EM currencies via electronic platforms.
+ Responsible for price construction of trades through various electronic channels.
+ **Risk Management:**
+ Manage real-time risk exposures within defined limits.
+ Monitor and optimize algorithmic execution strategies to minimize market impact and transaction costs.
+ Own and
+ Ensure compliance with internal risk policies and regulatory requirements.
+ **Strategy Development:**
+ Enhance pricing models and execution algorithms.
+ Ability to process large amounts of data, optimize/ extract predictive value and articulate this into alpha research while collaborating with team to develop signals.
+ Analyze market microstructure and implement improvements to trading strategies.
+ **Client Interaction:**
+ Support sales teams with pricing and execution for client flows.
+ **Technology & Innovation:**
+ Work closely with technology teams to improve platform functionality and performance.
+ Stay ahead of industry trends in electronic trading and FX market structure.
Qualifications
+ Bachelor’s in Finance, Economics, Mathematics, Computer Science, or related field.
+ 5+ years of experience in electronic FX trading.
+ Strong understanding of FX market dynamics, liquidity, and electronic execution.
+ Proficiency in multi dealer trading platforms and ECN’s.
+ Excellent analytical, problem-solving, and communication skills.
Preferred Skills
+ Master’s in Finance, Economics, Mathematics, Computer Science, or related field.
+ Solid programming or scripting skills (Python, C++, or Java) a plus.
+ Strong data analysis and data management skills.
+ Experience developing and/or implementing client and internal facing algorithms.
+ Experience making markets via voice for large FX spot tickets.
+ Familiarity with FIX protocol.
+ Knowledge of regulatory frameworks (MiFID II, Dodd-Frank, Global Code).
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
+ Healthcare (medical, dental, vision)
+ Basic term and optional term life insurance
+ Short-term and long-term disability
+ Pregnancy disability and parental leave
+ 401(k) and employer-funded retirement plan
+ Paid vacation (from two to five weeks depending on salary grade and tenure)
+ Up to 11 paid holiday opportunities
+ Adoption assistance
+ Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
E-Verify
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $170,255.00 - $200,300.00
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
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