DRW

Trade Support Specialist - Prediction Markets

DRW$100K — $165K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Proficient in Python, Git, SQL, and Linux
  • Understanding of options theory and derivatives
  • Experience in Prediction Markets is highly preferred
  • Strong analytical skills and attention to detail
  • Ability to collaborate with diverse teams

Responsibilities

  • Act as process owner for enhancing trading tools and technology
  • Support traders in optimizing risk management workflows
  • Interface with technology departments to improve tool efficiency
  • Master proprietary trade and risk management systems
  • Reconcile trades and positions with counterparties and brokers
  • Calculate and substantiate daily P&L
  • Provide operational support specific to Prediction Markets

Benefits

  • Comprehensive medical, pharmacy, dental, and vision insurance
  • 401(k) 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, Prediction Markets 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:
  • Act as process owner for current functionality and provide critical support and advice regarding needed enhancements to technology, workflows, and processes:
    • Gain strong understanding of traders' individual 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
  • Gain mastery of the firm's proprietary trade capture, inventory management, treasury management, and risk management systems necessary to support products related to the desks' activity
  • Trade and position reconciliation with the firm's clearing houses, counterparties, and brokers
  • Daily P&L calculation and substantiation
  • Provide operational support for the firm's Prediction Markets desk

Requirements:
  • Proficient in Python, Git, SQL, Linux (plus)
  • Experience or working knowledge of options theory and derivatives.
  • Strong interest or working knowledge and experience in Prediction Markets

The annual base salary range for this position is $100,000 to $165,000 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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