Business Analyst - OEMS

Clearwater Analytics, LLC; Chicago (IL); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

Health, vision, and dental insurance

401(k)

PTO

Parental leave and medical leave

STD/LTD insurance benefits

Job summary

Clearwater Analytics, LLC is seeking a Business Analyst to refine their order execution platform. This role involves expertise in trading concepts and the FIX protocol, contributing to product solutions and enhancements while collaborating with engineering teams.

The successful candidate will enjoy a competitive salary range of $85,000 - $120,000, alongside benefits like health insurance, 401(k), and parental leave. The company values diversity and is an equal opportunity employer.

Qualifications

• Strong foundation in trading and execution concepts.
• Ability to work independently on complex problems.
• Excellent communication skills for client-facing conversations.

Responsibilities

• Research trading workflows, FIX protocol behavior, and broker/venue integration.
• Develop, maintain, and execute test plans.
• Contribute to client conversations and produce thought leadership content.

Skills

Trading concepts

FIX protocol

Broker and venue connectivity

Communication

Systems-level thinking

Education

Degree in finance, economics, or related field

Job description

About the Role

Clearwater is hiring a Business Analyst to help shape the future of our order execution (OEMS) platform. You will be a go‑to authority on trading concepts, including the FIX protocol, electronic execution, broker and venue connectivity, trader workflows, and transaction cost analysis—translating that expertise into well‑designed, thoroughly tested product features. Working closely with engineers, product teams, and clients, you will make a meaningful impact both internally and in the market.

What You Will Do

• Product & domain expertise Research complex trading workflows, FIX protocol behavior, and broker/venue integration requirements to propose and implement effective product solutions. Partner with engineering and product teams on feature design, ensuring domain considerations are built in from the start. Review requirements, design documents, and scope materials, providing substantive feedback across the development lifecycle.
• Quality & validation Develop, maintain, and execute test plans—defining edge cases, analyzing data inputs, and validating feature behavior. Log defects, retest, and verify fixes through resolution.
• External voice & thought leadership Contribute to client conversations as a domain authority. Produce white papers and internal communications on methodology. Collaborate with software engineers to implement new broker and venue staging connections, FIX protocol enhancements, and execution workflow changes.
• Strategy & mentorship Monitor shifts in your domain, anticipate downstream impacts of product changes, and identify opportunities for product expansion. Mentor junior team members and help build the team's collective depth of knowledge.

What We’re Looking For

• Strong foundation in trading and execution concepts with demonstrated experience working with the FIX protocol, broker and venue connectivity, and buy‑side trader workflows.
• Proven ability to work independently on complex, ambiguous problems.
• Excellent written and verbal communication; comfortable leading client‑facing conversations.
• Collaborative working style across cross‑functional teams.
• Systems‑level thinking—understand how decisions in one area ripple across a platform and get ahead of those risks.
• Degree in finance, economics, or a related field — or equivalent professional experience on a buy‑side or sell‑side trading desk.
• Nice to have — Experience writing white papers, methodology documentation, or other thought leadership content; familiarity with OMS/EMS platforms, FIX engines, or buy/sell‑side trading desk operations; experience mentoring colleagues or leading cross‑functional initiatives.

What We Offer

Compensation: $85,000 - $120,000. This is the pay range the Company believes it will pay for this position at the time of this posting. Compensation will be determined based on relevant experience, other job‑related qualifications/skills, and geographic location (to account for comparative cost of living). The Company reserves the right to modify this pay range at any time.

• Health, vision, and dental insurance
• 401(k)
• PTO
• Parental leave and medical leave
• STD/LTD insurance benefits

Clearwater Analytics is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class.