Next Step Systems

Trading Desk Operations Analyst

Next Step Systems$80K — $100K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required.
  • 2+ years of relevant experience in trading operations.
  • Strong knowledge of equity and futures market dynamics.
  • Technical skills in UNIX/Linux and Windows environments.
  • Experience with scripting languages like Perl, Python, or Ruby and SQL.
  • Operationally-focused with an understanding of portfolio management and risk.
  • Detail-oriented with solid organizational skills.

Responsibilities

  • Perform daily trading system procedures for equity and futures markets.
  • Continuously monitor system status for operational efficiency.
  • Manage trading operations in the absence of limited staffing.
  • Handle trading exceptions including unacknowledged orders and broken trades.
  • Facilitate change management for new software and hardware implementations.
  • Identify and troubleshoot system incidents, escalating issues as needed.
  • Enhance trading system processes through scripting and automation.

Benefits

  • Medical insurance coverage.
  • Retirement savings plan.
  • Paid time off (PTO).
  • Visa sponsorship available for qualified candidates.
Full Job Description
Trading Desk Operations Analyst, Chicago, IL

We are seeking a motivated team player with technical aptitude and market awareness to support the operation of an automated trading system in Chicago. The qualified Trading Desk Operations Analyst will be supporting U.S. trading hours. This is a 100% onsite position. Company Will Sponsor Visas!

Responsibilities:

-Perform daily procedures relevant to the trading system for equity and futures markets.
-Monitor and evaluate system status continuously to ensure smooth operations.
-Monitor and spot-check trades and displayed system values in real time.
-Step in and manage the trading system when limited staffing requires it.
-Deal with trading exceptions, such as unacknowledged orders or broken trades.
-Facilitate change management and ensure that new software and hardware function as intended.
-Identify and respond to system incidents, perform troubleshooting procedures, and escalate as necessary.
-Participate in follow-on investigation for root cause analysis of identified issues.
-Adjust for and respond to corporate action related events.
-Work with colleagues to identify and develop opportunities to enhance and improve trading system procedures.
-Add, maintain, and ensure integrity of trading system parameterization data.
-Enhance and further automate existing processes by writing scripts with accompanying reports.
-Create and maintain documentation of trading-related procedures.
-Should know how a portfolio is organized and hedged.
-Should possess an understanding of investment portfolio management and monitoring exposure.
-Should know what a Corporate Action is and be able to adjust for and respond to Corporate Action related events.

Qualifications:

-Bachelor's degree at minimum.
-At least 2 years relevant work experience.
-Knowledge of markets and trading.
-Want someone who is operationally-focused with a technical background; maybe someone who wants to be a Trader but doesn't have the right focus to make that work.
-Must know how to manage a portfolio, understand level of risk when taking on portfolios, know what hedging is.
-Proficient with UNIX/Linux and Windows.
-Demonstrated experience with Perl, Python, or Ruby scripting and SQL preferred.
-Detail-oriented and well-organized.
-Able to multi-task and work under pressure.
-Able to exercise sound judgment when solving or escalating problems.
-Able to work independently.
-You will be reporting to the Trade Desk Operations Manager.
-Be responsible for assisting with the opening processes relative to the U.S. market open. Verify the system is in a normal state and turn on strategies for trading.
-You will be expected to be aware of market behavior.
-You should know how a portfolio is organized and hedged.
-You should be able to address issues (e.g., writing scripts) to avoid losing opportunities in the market.
-Decipher differences between complex and non-issues.
-After the system is on, there will be opportunities for pro-active work (e.g., advancing scripting skills, etc.).
-You will be required to pass the Series 57, if you do not already have it. (The company will provide training materials, as needed).
-Looking for a particular individual who is multi-faceted; interest in both technology and trading.
-Have proprietary black box system (high volume of trades at a high speed).

Top things we're looking for:

-Cultural fit
-Good judgment (e.g., someone we can trust with the Firm's strategy, disciplined, know when to call/escalate issues)
-Good technology foundation (SQL, and a scripting language)
-Market knowledge (EQ or Futures knowledge preferred)
-Experience in investments/markets

Benefits include medical insurance, retirement plan, PTO, etc. Salary: 80K+ DOE. Keywords: Chicago IL Jobs, Trading Desk Operations Analyst, UNIX, Linux, SQL, Windows, Trading, Perl, Python, Ruby, Scripting, Series 57, Trading, Financial, Chicago Recruiters, IT Jobs, Chicago Recruiting

About Next Step Systems

Next Step Systems is an IT recruitment firm that specializes in placing professionals in the technology industry. The company was founded in 1995 and is headquartered in Chicago, Illinois. Next Step Systems' clients include startups, mid-sized companies, and Fortune 500 corporations. The company's services include contingency search, retained search, and contract staffing. Next Step Systems has a team of experienced recruiters who have a deep understanding of the technology industry and its trends.
Learn more about Next Step Systems
Size
50 employees
Industry
Founded
1995

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