Business Manager

P2P; Chicago (IL); On-site; USD 120,000 - 150,000; Full time

Benefits offered by this job

Medical insurance

Pharmacy benefits

Dental insurance

Vision insurance

401k with discretionary match

Short-term disability

Long-term disability

Life and AD&D insurance

Health Savings Account (HSA)

Flexible Spending Account (FSA)

Job summary

DRW, a Chicago-based diversified trading firm, seeks a Business Manager to oversee rollout of new trading initiatives across the Americas, coordinating internal and external teams to ensure successful onboarding of traders, venues, and products.

You will gather data, define scope, and manage projects end-to-end in a fast-paced environment with high expectations, integrity, and innovation guiding decisions.

Qualifications

• 5–10 years of experience in a trading environment (front office, operations, risk management, compliance, business analysis, PM, etc.)
• Experience onboarding clearing firms, prime brokerage relationships, exchanges, rebate programs, and counterparties (KYC)
• PM experience with project lifecycle ownership
• Experience coordinating with teams in US, Europe, and Asia
• Understanding regulatory, tax, risk, treasury, capital, and legal factors for onboarding

Responsibilities

• Manage assessment and implementation of new trading initiatives and access changes
• Gather data, details, and timelines for initiatives
• Define scope based on requirements
• Communicate details to all support teams
• Liaise with internal/external parties as needed
• Project-manage initiatives to completion with transparency
• Assist in managing exchange relationships and new product launches
• Act as the point of contact for traders on inquiries

Skills

Trading experience

Project management

Onboarding exchanges/clearing

Multi-region coordination

Regulatory/risk knowledge

Trader liaison

Strong communication

Organizational skills

Job description

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 a Business Manager in our Chicago office, you’ll help manage the rollout of new trading initiatives in the America’s region. You’ll liaise with a variety of internal and external teams to perform initial due diligence activities, shepherd and monitor new business processes, and ensure the successful launch and onboarding of new trading products, traders and venues.

Core Duties:

• Manage the assessment and implementation of new trading initiatives and trading access changes including onboarding/decommissioning of traders, exchanges, products, execution systems, clearing firms, etc.
• Gather relevant data, details, and timelines
• Use critical thought to define scope based on provided requirements
• Clearly communicate details to all support teams
• Liaise with internal/external parties as needed
• Project manage initiatives to completion with a quick turnaround and transparency throughout the process
• Assist with managing exchange relationships which includes new product launches, rebate/incentive programs, new exchange onboardings, etc.
• Act as point of contact for traders on a variety of trading inquires

Required Skills & Experience:

• 5 - 10 years of experience working in a trading environment (front office, operations, risk management, regulatory/compliance, business analysis, project management, client services, administration, etc.)
• Experience onboarding new clearing firm/prime brokerage relationships, exchanges, rebate programs, counterparties (KYC) and execution systems
• Previous project management experience
• Experience working/coordinating with teams located in multiple regions (US, Europe, and Asia)
• Understanding of general regulatory, tax, risk, treasury, capital, and legal factors impacting the onboarding of new business initiatives
• Previous experience working directly with traders
• Demonstrated success in a fast-paced organization with frequently changing priorities
• Strong interpersonal, written and verbal communication skills
• Proven organizational skills and the ability to manage multiple concurrent tasks and projects
• Must have strong attention to detail and excellent follow-through
• Ability to quickly grasp new concepts, technology, and terminology
• Must be action-oriented with a strong sense of urgency

The annual base salary range for this position is $120,000 to $150,000 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.

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