DRW

Trade Support Specialist - Middle Office

DRW$100K — $125K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 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 relevant roles in front/middle/back office or risk management
  • Substantial prior interaction with front office and senior management
  • Bachelor's degree in a quantitative field or equivalent experience
  • Demonstrated ability to work independently and analyze problems

Responsibilities

  • Provide operational and technical support for equity options trading desks
  • Capture trades across products related to desk activity
  • Reconcile trades and positions with clearing houses and brokers
  • Calculate and substantiate daily P&L
  • Achieve mastery in the firm’s proprietary support systems
  • Act as process owner for technology and workflow improvements
  • Support traders in risk management and tool enhancement

Benefits

  • Comprehensive medical, pharmacy, dental, and vision insurance
  • 401k with discretionary employer match
  • Short and long-term disability insurance
  • Life and AD&D insurance
  • Health savings and flexible spending accounts
Full Job Description
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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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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