Business Manager

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

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Pharmacy benefits

401(k) with employer match

Short & long-term disability

Life insurance

Health Savings Account (HSA)

Flexible spending accounts

Job summary

DRW, a diversified trading firm headquartered in Chicago, seeks a Business Manager to oversee rollout of new trading initiatives across the Americas. You’ll coordinate with internal and external teams to perform due diligence, monitor onboarding of traders, exchanges, products, and execution systems, and ensure timely launches.

You will navigate regulatory, tax, risk, and legal considerations, partner with traders, and manage multiple concurrent projects in a fast-paced environment, delivering

Qualifications

• 5–10 years of experience in a trading environment.
• Experience onboarding clearing firms, exchanges, rebate programs, and counterparties.
• Experience coordinating with teams across US, Europe, and Asia.
• Understanding regulatory, tax, risk, treasury, capital, and legal factors for onboarding.
• Experience working with Traders.
• Ability to handle shifting priorities in a fast-paced setting.
• Strong written and verbal communication skills.
• Excellent organizational skills and multitasking.
• Attention to detail with strong follow-through.
• Ability to quickly grasp new concepts and technology.

Responsibilities

• Manage assessment and implementation of new trading initiatives and onboarding.
• Gather data, details, and timelines.
• Define scope based on requirements.
• Communicate clearly to support teams.
• Liaise with internal/external parties as needed.
• Project manage initiatives to completion with quick turnaround.
• Assist with managing exchange relationships, including product launches and rebates.
• Act as point of contact for traders on inquiries.

Skills

Trading experience

Onboarding

Regional coordination

Regulatory knowledge

Trader interaction

Fast-paced

Communication

Organization

Attention to detail

Technical adaptability

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
• 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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As set forth in DRW ’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

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An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.