Business Operations Analyst (Middle & Back Office)

Susquehanna International Group, LLP; Sydney; On-site; AUD 90,000 - 130,000; Full time

Job summary

Susquehanna International Group, LLP in Sydney seeks a Business Operations Analyst to support middle and back office activities. You will reconcile positions and trades, ensure accuracy with brokers, and generate daily P&L while upholding strong controls across the trade lifecycle.

The role requires 4+ years in financial markets and knowledge of equity derivatives, with SQL, VBA and Python proficiency. You will collaborate with legal and compliance on onboarding and help streamline daily

Qualifications

• 4+ years in a similar role within financial markets.
• Operational knowledge of financial markets and trade flow.
• In-depth understanding of trade lifecycle from execution to settlement.
• Knowledge of equity derivatives; options and equities preferred.
• Ability to build relationships with brokers and internal teams.
• Strong mindset for efficiency, accuracy and process improvement.
• Familiarity with Asian Markets is a plus.
• Proficiency in SQL, VBA and Python; openness to AI tools.

Responsibilities

• Reconcile positions, cash and trade activity before market open.
• Match front office P&L to prime broker reporting.
• Analyze accruals, charges, expenses and commissions.
• Validate end-of-day prices and perform price checks.
• Coordinate with external parties to resolve discrepancies.
• Contribute to system improvements to streamline daily tasks.
• Support growth into new products and markets.
• Work with legal and compliance on onboarding relationships.
• Assist desk with margin obligations and regulatory processes.
• Maintain and manage operations per regulatory framework.

Skills

4+ years

Operational knowledge

Trade lifecycle

Equity derivatives

SQL

VBA

Python

Asian markets

Broker relationships

Process improvement

Analytical

Tools

SQL

VBA

Python

Job description

Overview

Susquehanna is looking for a Business Operations Analyst to join our Sydney office. As a Business Operations Analyst, you will be responsible for helping the day to day running of middle and back office for Susquehanna. This will entail position reconciliations, ensuring trades are captured in an efficient and timely manner and positions are accurate and reconciled to external brokers, produce accurate daily Profit and Loss, and ensure a strong control framework throughout the complete trade life cycle, whilst support the growth of the organisation.

What you’ll do

• Reconciliation of position, cash, and trade activity prior to Market open.
• Ability to reconcile front office Profit and Loss estimates to prime broker reporting.
• Analysing Accruals including Capital & Interest charges, expenses, and commissions
• Price Validation of Trader EOD close prices.
• Liaise with external parties to resolve any position/cash discrepancies.
• Contribute to system improvement to help streamline daily processes.
• Support the business in its growth and expansion into new products and Markets.
• Working with legal and compliance for onboarding new relationships
• Support desk to effectively manage their Margin obligations.
• Maintaining and managing operational processes as per regulatory framework

What we’re looking for

• 4 + years of experience, working in a similar role within the financial markets.
• Operational knowledge of financial markets
• Have an in-depth knowledge of handling trade flow through to settlement.
• Knowledge of Equity Derivatives especially options and Equities. Commodity knowledge a bonus.
• Adaptability: Thrives in a fast-moving, evolving environment; stays hands-on while also leading initiatives and uplifting standards.
• Knowledge/Experience of Asian Markets a preference
• Ability to build strong and positive relationships both internally and with Broker contacts.
• Strive for efficiencies and to challenge the status quo to drive changes.
• Ability to prioritise based on materiality and risk considerations.Analytical mindset when tackling issues.
• Knowledge of SQL, VBA and Python would be highly regarded including using AI tools
• Traits: Analytical, detail-oriented and organised; accountable, proactive, and continuous-improvement minded; a reliable, flexible teammate with good judgement.

About Susquehanna

Susquehanna is a global quantitative trading firm powered by scientific rigor, curiosity, and innovation. Our culture is intellectually driven and highly collaborative, bringing together researchers, engineers, and traders to design and deploy impactful strategies in our systematic trading environment. To meet the unique challenges of global markets, Susquehanna applies machine learning and advanced quantitative research to vast datasets in order to uncover actionable insights and build effective strategies. By uniting deep market expertise with cutting-edge technology, we excel in solving complex problems and pushing boundaries together.

What we do

Susquehanna’s deep integration of trading, technology and quant research makes us experts in trading essentially all listed financial products and asset classes, with a focus on derivatives. We handle millions of trading transactions around the world every day as both a market maker and market taker. Our efforts provide liquidity and ensure competitive prices for buyers and sellers. While our presence in the market is broad, our trading desks are highly specialized to allow for a deep understanding of the unique drivers of each asset class.

Equal Opportunity Statement

We encourage applications from candidates from all backgrounds, and we welcome requests for reasonableadjustmentsduring the recruitment process to ensure that you can best demonstrate your abilities.

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