DRW

Trade Support Specialist - Cumberland Options

DRW$90K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Strong interest or working knowledge and experience in crypto
  • Experience with Version Control, Git, Python, Cron, Linux
  • 2-3 years in front, middle, back office or risk management roles with derivatives
  • Experience with exchange-traded and OTC products preferred
  • Substantial interaction with front office and senior management in trading environments
  • Bachelor's degree in finance, economics, computer science, math, or equivalent field
  • Proven problem-solving skills and ability to work independently

Responsibilities

  • Provide operational support for crypto trading desks
  • Capture trades for all products related to desk activities
  • Reconcile trades and positions with clearing houses and brokers
  • Calculate and substantiate daily P&L
  • Master proprietary trade and risk management systems
  • Act as process owner for functionality enhancements
  • Support traders' needs and technology upgrades

Benefits

  • Comprehensive medical, pharmacy, dental, and vision insurance
  • 401k plan with discretionary employer match
  • Short and long-term disability insurance
  • Life and AD&D insurance
  • Health savings accounts and flexible spending accounts
Full Job Description
As a Trade Support Specialist, Cumberland Options you will provide 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 support for several of the firm's crypto trading desks
  • Trade capture for all products related to the desks' activity: futures/futures 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 or working knowledge and experience in crypto
  • Previous experience with Version Control, Git, Python, Cron, Linux
  • 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
  • Experience working with derivatives is preferred
  • Substantial prior interaction with the front office and senior management in an active trading environment
  • Bachelor's degree in finance, economics, computer science, 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 $90,000 to $130,000 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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About DRW

DRW is a financial trading firm that specializes in derivatives trading. The company was founded in 1992 by Don Wilson and has since grown to have offices in Chicago, London, Montreal, New York, and Singapore. DRW trades a variety of financial instruments, including futures, options, and cryptocurrencies. The company is known for its quantitative trading strategies and has developed a number of proprietary trading systems. DRW is also involved in venture capital and has invested in a number of technology startups.
Learn more about DRW
Size
1,000 employees
Industry
Founded
1992

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