Operations Specialist

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global 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.

As an Operations Specialist, your work will involve T-0 trade bookings, trade reconciliation, profit-and-loss calculation and analysis, trade capture and a variety of other activities to support the firm’s trading activities in various asset classes.  In this role, you’ll have regular, direct interaction with a variety of teams, including trading, finance, technology, operations, and other front office personal.  The ability to work in a fast-paced environment while maintaining a high degree of professionalism is paramount.

What you’ll do in this role:

• Perform detailed trade, position, and valuation reconciliation
• Provide assistance in trade capture for all products related to the firm’s Global Macro trading activity
• Field reconciliation-related inquiries from a variety of teams within the firm
• Daily P&L calculation and substantiation
• Support trade management activities, such as processing exercises and assignments, corporate actions, box transfers, currency conversions and life cycle events
• Research and design analytical tools to be integrated into daily procedures
• Adopt, integrate, and promote new technology as it becomes available
• Provide experienced direction and assistance to teammates across all product classes

You’ll be right at home if you have:

• 2 to 5 years of experience in a detail-oriented role working at a working at a hedge fund, prop, or investment bank, ideally in a front office or T-0 middle office function
• Experience with IRS, futures, futures options, equities, equity options, FX, bonds, swaps, cryptocurrencies or other financial derivatives or products
• Understanding of Interest Rate Risk (Duration/DV01)
• Familiarity with Markitwire, Tradeweb, BBG is beneficial
• Previous experience with Python or other coding languages. Does not need to be proficient, but basic understanding
• Comfort working with a variety of software and with technologists to identify firm needs
• Bachelor’s degree in finance, business, accounting, CS, or another quantitative field

The annual base salary range for this position is $95,000 to $130,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

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