Middle Office Operations Analyst

1 week ago


Chicago, Illinois, United States DRW Full time
Company Overview:
DRW is a prominent trading organization with over 30 years of expertise in integrating advanced technology and talented individuals to engage in global markets. We prioritize independence and the agility to adapt swiftly to seize opportunities, operating with our own capital and assuming our own risks.

About the Role:
The ideal candidate for the Middle Office Operations Analyst position will be a proactive self-starter, capable of functioning autonomously in a fast-paced and challenging environment. This individual must demonstrate the ability to resolve conflicts efficiently and will possess qualities such as intellectual curiosity, trustworthiness, and high ethical standards. Effective communication with various internal and external stakeholders in a professional manner is essential. The candidate will contribute value by managing multiple tasks with minimal supervision and ensuring thorough follow-through. Taking complete ownership of responsibilities will be crucial for success in this role.

Key Responsibilities:
  • Provide daily trade support aimed at enhancing operational control processes within fixed income and global rates macro sectors.
  • Ensure precise trade capture, position management, and inventory continuity on a daily basis.
  • Conduct front-to-back reconciliation of lifecycle events for futures, listed options, bonds, repos, and interest rate derivatives.
  • Comprehend the settlement processes for OTC products.
  • Manage projects between trading and internal teams.
  • Act as a liaison between trading and counterparties to rectify pricing, risk, and allocation discrepancies.
  • Oversee the reconciliation of Risk and P&L.
  • Monitor trade flows from electronic trading platforms and affirmation platforms.
  • Serve as the process owner for current functionalities and provide essential support for enhancements to technology, workflows, and processes.
  • Maintain a strong understanding of traders' individual risk management tools and support their needs.
  • Facilitate the upgrading and support of traders' tools to leverage standard technologies.
  • Collaborate with technology teams to solicit improvements to the firm's tools and technology.
  • Promote the adoption and integration of new technologies as they become available.

Qualifications:
  • A minimum of a bachelor's degree (or foreign equivalent) in finance, economics, applied mathematics, physics, engineering, computer science, or a related quantitative field.
  • At least 2-3 years of experience in middle office operations or financial control support within fixed income securities or derivatives.
  • Familiarity with financial markets, fixed income products, and derivatives.
  • Basic understanding of first-order interest rate risk and familiarity with yield curves.
  • Experience with affirmation platforms and Dealer/Prime Broker portals.
  • Preferred skills in SQL, Python, and Power Query.
  • Proficiency in Excel and SQL database integration.
  • Excellent communication skills in English, both written and oral.
  • Strong organizational skills, attention to detail, and the ability to analyze problems independently and implement solutions.
  • A proven track record of process improvement.

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