DRW
Operations Specialist - FI & Rates
DRW, Chicago, Illinois, United States, 60290
DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technologyand exceptional people together to operate in markets around the world. We value autonomy and theability to quickly pivot to capture opportunities, so we operate using our own capital and trading at ourown risk.
Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a varietyof asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all majorglobal markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.
We operate with respect, curiosity and open minds. The people who thrive here share our belief that it's not just what we do that matters-it's how we do it.
DRW is a place of high expectations, integrity,innovation and a willingness to challenge consensus.
The successful candidate for the
Middle Office Operations Specialist
role will be a mature self-starterwho has demonstrated the ability to function independently in a fast-paced, dynamic and demandingenvironment. This person needs to be able to resolve conflict within a short period of time. This personwill be intellectually curious, intuitive, trustworthy, and have the highest ethical standards. In addition,he/she will be effective addressing a number of internal and external audiences in a professionalmanner. This person will add value by working on a number of simultaneous tasks with minimalsupervision and exemplary follow-through. Complete ownership of tasks and responsibilities will beintegral to individuals' success and role fulfillment.
Duties and responsibilities• Daily trade support with the intentions of process improvement for operational controlwithin fixed income & global rates macro businesses• Ensure accurate trade capture, position management & inventory continuity day overday• Front to back reconciliation of life cycle events for futures, listed options, bonds, repos& interest rate derivatives• Understand the settlement process for OTC products• Project management between trading and internal teams• Liaison between trading and counterparties to resolve pricing/risk/allocationinaccuracies• Responsible for reconciliation of Risk and P&L• Monitor trade flow from electronic trading platforms: Bloomberg, TradeWeb, etc... andaffirmation platforms Markitwire• Act as process owner for current functionality and provide critical support regardingenhancements to technology, workflows, and processes• Strong understanding of traders' individual risk management tools and supportof related traders' needs• Upgrading and support of traders' tools to take advantage of technologies andtools that are firm standard• Interfacing with technology in solicitation of improvement to the firm's toolsand technology where they fall short of meeting the desk's needs• Adoption, integration, and promotion of new technology as it becomes available
Qualifications:• Minimum of a bachelor's degree (or foreign equivalent). Preference for finance,economics, applied mathematics, physics, engineering, or computer science, or relatedquantitative field.• Minimum of 2-3 years' experience in fixed income securities or derivatives middle office,operations or financial control support• Knowledge of and familiar with financial markets, fixed income products & derivatives(US Government, Agencies, Exchange Traded Futures/Options, Swaps, Swaptions)• Basic knowledge / understanding of 1st order interest rate risk (Duration, Curve) andfamiliarity with yield curves• Experience with MarkitWire/streetwide affirmation platforms and Dealer/Prime Brokerportals• SQL/Python/Power Query experience preferred• Proficiency in Excel and SQL database integration• Excellent English, grammar, written and oral communication skills• Strong organizational skills, attention to detail, ability to independently to analyzeproblems, synthesize and implement solutions• Proven track record of process improvement
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.
California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.
#LI-DW1
Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a varietyof asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all majorglobal markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.
We operate with respect, curiosity and open minds. The people who thrive here share our belief that it's not just what we do that matters-it's how we do it.
DRW is a place of high expectations, integrity,innovation and a willingness to challenge consensus.
The successful candidate for the
Middle Office Operations Specialist
role will be a mature self-starterwho has demonstrated the ability to function independently in a fast-paced, dynamic and demandingenvironment. This person needs to be able to resolve conflict within a short period of time. This personwill be intellectually curious, intuitive, trustworthy, and have the highest ethical standards. In addition,he/she will be effective addressing a number of internal and external audiences in a professionalmanner. This person will add value by working on a number of simultaneous tasks with minimalsupervision and exemplary follow-through. Complete ownership of tasks and responsibilities will beintegral to individuals' success and role fulfillment.
Duties and responsibilities• Daily trade support with the intentions of process improvement for operational controlwithin fixed income & global rates macro businesses• Ensure accurate trade capture, position management & inventory continuity day overday• Front to back reconciliation of life cycle events for futures, listed options, bonds, repos& interest rate derivatives• Understand the settlement process for OTC products• Project management between trading and internal teams• Liaison between trading and counterparties to resolve pricing/risk/allocationinaccuracies• Responsible for reconciliation of Risk and P&L• Monitor trade flow from electronic trading platforms: Bloomberg, TradeWeb, etc... andaffirmation platforms Markitwire• Act as process owner for current functionality and provide critical support regardingenhancements to technology, workflows, and processes• Strong understanding of traders' individual risk management tools and supportof related traders' needs• Upgrading and support of traders' tools to take advantage of technologies andtools that are firm standard• Interfacing with technology in solicitation of improvement to the firm's toolsand technology where they fall short of meeting the desk's needs• Adoption, integration, and promotion of new technology as it becomes available
Qualifications:• Minimum of a bachelor's degree (or foreign equivalent). Preference for finance,economics, applied mathematics, physics, engineering, or computer science, or relatedquantitative field.• Minimum of 2-3 years' experience in fixed income securities or derivatives middle office,operations or financial control support• Knowledge of and familiar with financial markets, fixed income products & derivatives(US Government, Agencies, Exchange Traded Futures/Options, Swaps, Swaptions)• Basic knowledge / understanding of 1st order interest rate risk (Duration, Curve) andfamiliarity with yield curves• Experience with MarkitWire/streetwide affirmation platforms and Dealer/Prime Brokerportals• SQL/Python/Power Query experience preferred• Proficiency in Excel and SQL database integration• Excellent English, grammar, written and oral communication skills• Strong organizational skills, attention to detail, ability to independently to analyzeproblems, synthesize and implement solutions• Proven track record of process improvement
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.
California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.
#LI-DW1