Trade Support Specialist - Middle Office

DRW Holdings, LLC.; Chicago (IL); On-site; USD 100,000 - 125,000; Full time

Benefits offered by this job

401k with discretionary employer match

Group medical, pharmacy, dental and vision insurance

Health savings accounts

Job summary

DRW Holdings, LLC. in Chicago is looking for a Trade Support Specialist to provide essential middle office support for the equity options trading desks. The role involves trade capture and daily P&L calculations along with problem-solving with experienced traders and software engineers.

Candidates should have a strong interest in trading, Python programming skills, and a Bachelor's degree in a relevant field. The annual salary ranges from $100,000 to $125,000, plus bonuses and benefits.

Qualifications

• Strong interest in, and working knowledge of equities and derivatives.
• 2-3 years of experience in front office, middle office, or risk management roles.
• Demonstrated ability to work independently and analyze problems.

Responsibilities

• Provide operational and technical support for the equity options trading desks.
• Trade capture for all products related to the desks’ activity.
• Daily P&L calculation and substantiation.

Skills

Knowledge of equities and derivatives

Python

Version Control

Git

Linux

Workflow automation

Education

Bachelor’s degree in computer science, finance, economics, math, or equivalent

Job description

Trade Support Specialist - Middle Office

Job Location Chicago

Employment type Regular

Department Technology

Targeted Start Date Immediate

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 Trade Support Specialist, you’ll provide middle office support to a group of trading desks based in Chicago. This is an opportunity to solve challenging problems while working closely with experienced traders, researchers and software engineers to optimize operational workflow and use the right tools and technology for the job.

Responsibilities

• Provide operational and technical support for the firm’s equity options trading desks
• Trade capture for all products related to the desks’ activity: futures/futures options, equities/equity options, index options
• Trade and position reconciliation with the firm’s clearing houses and brokers
• Daily P&L calculation and substantiation
• Working knowledge and experience in derivatives
• Gain mastery of the firm’s proprietary trade capture, inventory management, treasury management, and risk management systems necessary to support the desks’ activity
• Act as process owner for current functionality and provide critical support and advice regarding needed enhancements to technology, workflows, and processes:
  • Gain a strong understanding of traders’ risk management tools and provide support for related traders’ needs
  • Upgrade and support traders’ tools to effectively utilize technologies and tools that are firm standard
  • Interface with technology to improve tools where they fall short of meeting the desks’ needs
  • Adopt, integrate, and promote new technology as it becomes available

Requirements

• Strong interest in, and working knowledge of equities and derivatives
• Experience with Version Control, Git, Python, Cron, Linux
• Proven experience automating or improving workflows using Python
• 2-3 years of experience in the front office, middle office, back office, or risk management roles working with exchange-traded and over-the-counter products and derivatives
• Substantial prior interaction with the front office and senior management in an active trading environment
• Bachelor’s degree in computer science, finance, economics, math, or another quantitative field or material equivalent exposure
• Demonstrated ability to work independently
• Demonstrated ability to analyze problems and synthesize and implement solutions

The annual base salary range for this position is $100,000 to $125,000 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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