Operations Analyst

Operations Analyst - Old Mission Capital

About Old Mission Capital

Old Mission Capital is a leading global quantitative market maker and proprietary trading firm, founded in 2008 with offices in Chicago, New York, and London. Over the past decade, we've assembled an extraordinary team of technologists, traders, and operations specialists dedicated to improving the way markets work. We specialize in dynamically valuing individual securities and complicated derivatives across all asset classes - equities, bonds, currencies, and derivatives - trading trillions of dollars using our proprietary systems and models.

As a privately held firm, we can respond quickly to changing market dynamics, rapidly shifting resources to areas of interest or need. We foster an outwardly competitive culture with a flat hierarchy that respects good ideas, wherever they come from. Our unique risk management approach and supporting technology allow our team to provide superior liquidity and pricing to the world's largest exchanges, brokers, and institutional investors.

About the Position

We are seeking a highly motivated, detail-oriented, and technically skilled Operations Analyst to join our growing Operations team and support our multi-asset trading platform. You'll be reporting directly to our Middle Office Manager and working as part of a team that serves as the critical bridge between our trading desks, technology infrastructure, and external partners.

In this role, you'll gain direct exposure to our options, ETF arbitrage, and fixed income trading strategies while working closely with traders, sales staff, accounting, and technology teams. This is an excellent opportunity to learn the inner workings of a sophisticated electronic trading operation while developing both technical and financial markets expertise.

A Day in the Life

Your typical day might include reconciling positions from our global trading sessions, collaborating with our technology team to optimize a new trade workflow, and analyzing market data costs with senior traders. You'll be solving real problems that directly impact our trading P&L and operational efficiency.

Key Responsibilities

• Trade Settlement & Client Relations: Work with external counterparties and clearing firms to settle trades efficiently across global markets, handling everything from standard equity trades to complex derivative structures
• Workflow Implementation: Assist with onboarding new trading strategies and products, creating and maintaining complex data mapping between our proprietary systems and external platforms
• Reconciliation & Risk Management: Reconcile internal trade and position data versus clearing firm statements, identifying discrepancies and ensuring accurate risk reporting across our global portfolio
• Process Innovation: Iterate upon and create new operational procedures to scale our trading capabilities as we expand into new asset classes and geographic markets
• Data & Cost Management: Manage market data vendor relationships and costs with senior team members, optimizing our data spend across vendors such as Bloomberg, Refinitiv, and proprietary feeds
• Cross-Functional Support: Assist accounting with month-end reconciliations and collaborate on building automated tools and dashboards for desk-level reporting

Required Qualifications & Skills

• Education: Bachelor's degree in Finance, Economics, Engineering, Computer Science, or related quantitative field
• Experience: Candidates should have a minimum of 2-3 years of experience in a middle office or related role
• Technical Proficiency: Demonstrated experience with Python and Excel (advanced functions, pivot tables, VBA a plus).  This can be through professional experience, personal projects, or internships
• Data Analysis: Experience working with large datasets, understanding data structures, and performing analysis
• Communication: Strong written and verbal communication skills, especially when interfacing with external clients and internal stakeholders under time pressure
• Problem-Solving: High level of curiosity, ability to self-teach, and proactive approach to identifying and solving operational challenges
• Attention to Detail: Exceptional accuracy when working with financial data and trade details - errors can be costly in our business

Preferred Qualifications

• Technical Skills: Experience with Linux command line, SQL databases, and financial data APIs
• Market Knowledge: Coursework or internship experience in derivatives, fixed income, or electronic trading

What We Offer

Compensation & Benefits

• Competitive starting salary: $90,000 - $120,000 - salaries are based on numerous factors such as skills, experience, and education. 
• Performance-based bonus with upside potential
• Comprehensive health, dental, and vision insurance
• 401(k) with company match
• Must be authorized to work in the U.S. now and in the future without visa sponsorship

Professional Development

• Informal mentorship program pairing you with senior operations and trading professionals
• Plenty of opportunities for continuing education
• Cross-desk exposure opportunities - spend time with our equity, fixed income, and derivatives trading teams

Work Environment

• Collaborative, fast-paced environment where your ideas matter regardless of seniority
• State-of-the-art technology and trading infrastructure
• Core hours of 7:30 AM - 5:30 PM CST
• Modern office space in Chicago's financial district

Work From Home Policy

• 10 flex days for the first year
• 4 days a week in office every year after

Why This Role Matters

As an Operations Analyst, you'll be directly supporting trading strategies that generate significant returns while ensuring Old Mission maintains its reputation for operational excellence. Your work will touch every aspect of our business - from the algorithms that price options in milliseconds to the settlement of billion-dollar trades. This is a unique opportunity to gain comprehensive exposure to quantitative finance while building the technical and analytical skills that drive successful careers in trading, risk management, and financial technology.

Location & Timeline

• Primary Location: Chicago, IL (Loop office)
• Start Date: September 2025
• Application Deadline: Applications reviewed on a rolling basis

Ready to Launch Your Career in Quantitative Finance?

Join a firm where your analytical skills will be challenged daily, your technical expertise will grow exponentially, and your contributions will have an immediate impact on our global trading operations.

Old Mission Capital is an equal opportunity employer committed to diversity and inclusion.