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Operations Specialist
Interest Rates Trading
Confirmed live in the last 24 hours
Chicago, IL, USA
Experience Level
Desired Skills
  • Bachelor's degree (or equivalent), preferably in finance, economics, applied mathematics, physics, engineering, or computer science, or a related quantitative field
  • Minimum of 2-3 years of experience in fixed income securities or derivatives middle office, operations or financial control role
  • Knowledge of and familiarity with financial markets, fixed income products & derivatives (US Govies, Agencies, Exchange Traded Futures/Options, Swaps, Swaptions)
  • Basic knowledge and understanding of 1st order interest rate risk (Duration, Curve) and familiarity with yield curves
  • Experience with MarkitWire/streetwide affirmation platforms and Dealer/Prime Broker portals
  • SQL/Python/Power Query experience preferred
  • Proficiency in Excel and SQL database integration
  • Excellent written and verbal communication skills
  • Strong organizational skills and attention to detail; ability to independently to analyze problems and synthesize and implement solutions
  • Proven track record of process improvement
  • Perform daily trade support and implement process improvement to optimize operational control within fixed income & global macro trading businesses
  • Ensure accurate trade capture, position management & inventory continuity day to day
  • Perform front to back reconciliation of life cycle events for futures, listed options, bonds, repos, interest rate derivatives, FX, equities and equity options
  • Gain strong understanding of the settlement process for OTC products
  • Perform project management duties as needed, for work between trading team and other internal teams
  • Act as a liaison between trading teams and counterparties to resolve pricing/risk/allocation inaccuracies
  • Responsible for reconciliation of Risk and P&L
  • Monitor trade flow from electronic trading platforms (Bloomberg, TradeWeb, etc.) and Affirmation Platforms (MarkitWire)
  • Act as process owner for current functionality and provide critical support regarding enhancements to technology, workflows, and processes including:
  • Gaining strong understanding of traders' individual risk management tools and support of related traders' needs
  • Upgrading and supporting traders' tools to take advantage of technologies and tools that are firm standard
  • Interfacing with technology teams to improve the firm's tools and technology where they fall short of meeting the desk's needs
  • Adopting, integrating, and promoting new technology as it becomes available

1,001-5,000 employees

Proprietary trading firm
Company Overview
DRW's mission is to build revolutionary finance. The company is doing this by building a system that applies modeling, technology and quantitative research to identify opportunities in the global financial markets.
  • Daily catered breakfast & lunch
  • Massages
  • Social events
  • Gym subsidy
  • Flexible work arrangements
  • Monthly tastings
  • Game room
  • On-site yoga classes and meditation
  • Employee led affinity groups
  • Mentor/mentee outings
  • Trivia nights
  • Educational opportunities
  • DRW-sponsored sports teams
  • Poker tournament
  • Private mother's suite
Company Core Values
  • Integrity - In order to collaborate thoughtfully and build strong relationships, we value transparency and hold ourselves and our people accountable.
  • Critical thought - We like solving problems and discussing technical and research topics. We question what we think we know.
  • Learning - Continual growth and exploration, both formally and in our day-to-day interactions, helps build our skills individually and as a team.
  • Challenge consensus - We achieve the highest standard of success by challenging our decision making every day. Our formula? Strong opinions, loosely held.
  • Preparation - Always be prepared for the expected and the unexpected. We adapt as the markets evolve, and in-depth research helps us do that.
  • Respect - Our work environment is diverse, and that diversity makes us stronger. We collaborate thoughtfully, and hold each other in high regard.
  • Sense of urgency - In a fast-paced industry, we adapt and are always ready to act. Priorities shift, objectives evolve and we move quickly to adjust.